1602, Rimal 2
Sold prices and rental history: sold 3 times, last in November 2024, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Rimal 2
What is 1602 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 14 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 759 sqft
- Floor
- 16th of 40
- Parking
- M658
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 13,900 /yr
- Last sold
- AED 17K · November 2024
- Building
- Rimal 2
About 1602, Rimal 2
1602 is a studio of 759 sqft on the 16th floor of Rimal 2, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 14 November 2024 for AED 16,947, or AED 22 per sqft, 99% below the AED 1,614 studios in the building were fetching at the time.
It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 19 November 2016, is AED 70,000 a year: a gross yield of 413.0% on the 2024 price, before the service charge of about AED 13,900 a year.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Rimal 2, and where 1602 sits
All 15 studios →1602 last sold in November 2024 at AED 22 per sqft, 99% below what studios in Rimal 2 were fetching at the time (AED 1,614).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Apr 20252 April 2025 | 455 sqft | 540,000 | 1,186 | ||
| 7 Nov 20247 November 2024 | 759 sqft | 1,225,000 | 1,614 | ||
| 7 Nov 20247 November 2024 | 759 sqft | 1,225,000 | 1,614 | ||
| 4 Sep 20244 September 2024 | 759 sqft | 1,225,000 | 1,614 |
Rimal 2
Building156 apartments, studios to 4-bed over 40 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,989
- Typical sale
- AED 2.8M
- Typical rent
- AED 159K /yr
- Typical yield
- 4.9%
Other units on the 16th floor
All 156 units in Rimal 21602, Rimal 2 in numbers
- Sold 3 times: first on 17 October 2012 for AED 275,000, last on 14 November 2024 for AED 16,947 (AED 22 per sqft).
- Rented since June 2014 on 2 Ejari contracts, from AED 71,884 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2024 price is 413.0%, before a service charge of about AED 13,900 a year (AED 18.38 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 14 November 2024.
Questions about 1602, Rimal 2
What did unit 1602 last sell for?
AED 16,947 on 14 November 2024: AED 22 per sqft for 759 sqft. The unit has 3 registered sales; the first was AED 275,000 in October 2012.
What is the rent for unit 1602?
AED 70,000 a year on the contract signed on 19 November 2016. The previous contract, from June 2014, was AED 71,884.
How big is unit 1602?
759 sqft (70.5 sqm): a studio on the 16th floor of a 40-storey tower completed in 2007.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1602, Rimal 2
Starts from the last sale price (AED 17K, 14 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 16,947
- Deposit, UAE resident (20%)
- AED 3,389
- Deposit, non-resident (40%)
- AED 6,779
- Monthly over 25 years at 3.7%
- AED 69
Plus AED 3,622 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →