702, Rimal 2
Sold prices and rental history: sold 3 times, last in August 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Rimal 2
What is 702 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 18 December 2023.
Key facts
- Type
- Studio apartment
- Size
- 759 sqft
- Floor
- 7th of 40
- Parking
- B610
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 13,900 /yr
- Last sold
- AED 700K · August 2009
- Building
- Rimal 2
About 702, Rimal 2
702 is a studio of 759 sqft on the 7th floor of Rimal 2, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 18 August 2009 for AED 700,000, or AED 922 per sqft, 166% above the AED 346 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 18 December 2023, is AED 100,000 a year: a gross yield of 14.3% on the 2009 price, before the service charge of about AED 13,900 a year.
Sales and rents for 702 over time
702 has sold 3 times; 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 702 sits
All 15 studios →702 last sold in August 2009 at AED 922 per sqft, 166% above what studios in Rimal 2 were fetching at the time (AED 346).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Apr 20252 April 2025 | 455 sqft | 540,000 | 1,186 | ||
| 14 Nov 202414 November 2024 | 759 sqft | 16,947 | 22 | ||
| 7 Nov 20247 November 2024 | 759 sqft | 1,225,000 | 1,614 | ||
| 7 Nov 20247 November 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 7th floor
All 156 units in Rimal 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 1,146 sqft | AED 1.5MAED 1,500,000 · Oct 2010October 2010 | 78,000 /yr | |
| 703 | 1-bed | 1,146 sqft | AED 1.64MAED 1,635,000 · Jun 2025June 2025 | 126,000 /yr | |
| 704 | 3-bed | 1,894 sqft | AED 699KAED 699,000 · Oct 2012October 2012 | 131,250 /yr | |
| 705 | 3-bed | 1,894 sqft | AED 3.05MAED 3,050,000 · Apr 2024April 2024 | 225,000 /yr |
702, Rimal 2 in numbers
- Sold 3 times: first on 8 April 2008 for AED 250,000, last on 18 August 2009 for AED 700,000 (AED 922 per sqft).
- Rented since July 2013 on 11 Ejari contracts. The rent fell from AED 70,000 to AED 50,000 in 2021 and recovered to AED 100,000 by December 2023.
- At AED 100,000 a year the gross yield on the 2009 price is 14.3%, 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 18 December 2023.
Questions about 702, Rimal 2
What did unit 702 last sell for?
AED 700,000 on 18 August 2009: AED 922 per sqft for 759 sqft. The unit has 3 registered sales; the first was AED 250,000 in April 2008.
What is the rent for unit 702?
AED 100,000 a year on the contract signed on 18 December 2023. The previous contract, from October 2022, was AED 63,000; the unit has been rented since July 2013.
How big is unit 702?
759 sqft (70.5 sqm): a studio on the 7th floor of a 40-storey tower completed in 2007.
What is unit 702 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 702, Rimal 2
Starts from the last sale price (AED 700K, 18 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 700,000
- Deposit, UAE resident (20%)
- AED 140,000
- Deposit, non-resident (40%)
- AED 280,000
- Monthly over 25 years at 3.7%
- AED 2,864
Plus AED 34,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →