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2-bed · 1,243 sqftRimal 3, Jumeirah Beach Residence · 16th floor · completed 2007

1603, Rimal 3

Sold prices and rental history: sold 4 times, last in November 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 18 July 2024
Last soldAED 1.1M7 November 2019
Current rentAED 104K /yr18 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, Rimal 3

What is 1603 worth today?

Last sold for AED 1,100,000 in 2019

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18 Jul 2024RentedNew contract
AED 103,950/yr12 months · AED 84 per sqft
18 Jul 2023RentedRenewal
AED 94,500/yr12 months · AED 76 per sqft
18 Jul 2022RentedNew contract
AED 90,000/yr12 months · AED 73 per sqft
25 Nov 2021RentedRenewal
AED 70,200/yr6 months · AED 57 per sqft
25 May 2021RentedRenewal
AED 70,200/yr6 months · AED 57 per sqft
25 Nov 2020RentedRenewal
AED 70,200/yr6 months · AED 57 per sqft
25 Nov 2019RentedNew contract
AED 90,000/yr12 months · AED 73 per sqft
7 Nov 2019SoldReady
AED 1,100,000AED 884 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 July 2024.

Key facts

Type
2-bed apartment
Size
1,243 sqft
Floor
16th of 41
Parking
M501
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,300 /yr
Last sold
AED 1.1M · November 2019
Building
Rimal 3

About 1603, Rimal 3

1603 is a two-bedroom apartment of 1,243 sqft on the 16th floor of Rimal 3, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 7 November 2019 for AED 1,100,000, or AED 884 per sqft.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, signed on 18 July 2024, is AED 103,950 a year: a gross yield of 9.4% on the 2019 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical two-bed in Rimal 3
1M2M2007201220172022Typical sale price by year: 2007 AED 599,000; 2008 AED 756,250; 2009 AED 1,525,000; 2010 AED 1,150,000; 2011 AED 1,450,000; 2012 AED 975,000; 2013 AED 1,735,000; 2014 AED 2,600,000; 2015 AED 1,637,500; 2016 AED 2,050,000; 2018 AED 1,930,000; 2020 AED 1,600,000; 2021 AED 1,350,000; 2022 AED 1,737,500; 2023 AED 2,300,000; 2024 AED 2,100,000; 2025 AED 2,305,000Sold, November 2007: AED 1,600,000 (AED 1,287 per sqft)Sold by developer, November 2007: AED 1,490,000 (AED 1,198 per sqft)Sold, June 2014: AED 2,100,000 (AED 1,689 per sqft)Sold, November 2019: AED 1,100,000 (AED 884 per sqft)

1603 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1603, each contractTypical two-bed in Rimal 3
100K20112015201920232027Typical rent by year: 2011 AED 90,000; 2012 AED 95,000; 2013 AED 104,859; 2014 AED 126,000; 2015 AED 130,362; 2016 AED 130,000; 2017 AED 126,169; 2018 AED 120,000; 2019 AED 105,000; 2020 AED 90,000; 2021 AED 80,250; 2022 AED 93,500; 2023 AED 100,875; 2024 AED 122,875; 2025 AED 132,000; 2026 AED 120,000New contract, December 2013: AED 120,000 a yearRenewal, December 2014: AED 74,187 a yearNew contract, October 2016: AED 132,300 a yearRenewal, October 2017: AED 125,000 a yearNew contract, November 2018: AED 90,000 a yearNew contract, November 2019: AED 90,000 a yearRenewal, November 2020: AED 70,200 a yearRenewal, May 2021: AED 70,200 a yearRenewal, November 2021: AED 70,200 a yearNew contract, July 2022: AED 90,000 a yearRenewal, July 2023: AED 94,500 a yearNew contract, July 2024: AED 103,950 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Rimal 3, and where 1603 sits

All 83 2-beds →

Over the last 12 months two-beds sold for AED 2,090,000, around AED 1,447 per sqft, and rent for AED 115,500 to 150,000 a year. 1603's AED 103,950 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Dec 20252,090,000
23 Jun 20252,260,000
26 May 20253,120,000
2 Apr 20252,350,000
1 2-bed sale in the last 12 months

Rimal 3

Building

222 apartments, studios to 4-bed over 41 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 1 sold in the last 12 months.

Typical price per sqft
AED 1,447
Typical sale
AED 2.09M
Typical rent
AED 129K /yr
Typical yield
6.7%
Rimal 3, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 16th floor

All 222 units in Rimal 3
Value
16013-bedAED 699K · Sep 2007
16023-bedAED 3.6M · Mar 2014
16042-bedAED 3.12M · May 2025
16052-bedAED 599K · Nov 2013
16062-bedAED 2.25M · Feb 2016

1603, Rimal 3 in numbers

  • Sold 4 times: first on 4 November 2007 for AED 1,490,000, last on 7 November 2019 for AED 1,100,000 (AED 884 per sqft).
  • Rented since December 2013 on 12 Ejari contracts. The rent fell from AED 120,000 to AED 70,200 in 2021 and recovered to AED 103,950 by July 2024.
  • At AED 103,950 a year the gross yield on the 2019 price is 9.4%, before a service charge of about AED 22,300 a year (AED 17.94 per sqft).
  • Two-beds in Rimal 3 sold for AED 2,090,000–2,090,000 in the 12 months to November 2026; the building's median across all types is AED 1,447 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 18 July 2024.

Questions about 1603, Rimal 3

What did unit 1603 last sell for?

AED 1,100,000 on 7 November 2019: AED 884 per sqft for 1,243 sqft. The unit has 4 registered sales; the first was AED 1,490,000 in November 2007.

What is the rent for unit 1603?

AED 103,950 a year on the contract signed on 18 July 2024. The previous contract, from July 2023, was AED 94,500; the unit has been rented since December 2013.

How big is unit 1603?

1,243 sqft (115.5 sqm): a two-bedroom apartment on the 16th floor of a 41-storey tower completed in 2007.

What is unit 1603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rimal 3 sold for AED 2,090,000 to 2,090,000 in the last 12 months, around AED 1,447 per sqft.

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Mortgage on 1603, Rimal 3

Starts from the last sale price (AED 1.1M, 7 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →