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

1606, Rimal 3

Sold prices and rental history: sold 3 times, last in February 2016, and rented once, from February 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 23 February 2016
Last soldAED 2.25M23 February 2016
Current rentAED 145K /yr1 February 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1606, Rimal 3

What is 1606 worth today?

Last sold for AED 2,250,000 in 2016

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23 Feb 2016SoldReady
AED 2,250,000AED 1,809 per sqft
1 Feb 2015RentedNew contract
AED 145,000/yr12 months · AED 117 per sqft
25 Nov 2007SoldReady
AED 2,250,000AED 1,809 per sqft
26 Sep 2007Sold by developerReady
AED 599,000AED 481 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 23 February 2016.

Key facts

Type
2-bed apartment
Size
1,243 sqft
Floor
16th of 41
Parking
M443
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,300 /yr
Last sold
AED 2.25M · February 2016
Building
Rimal 3

About 1606, Rimal 3

1606 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 23 February 2016 for AED 2,250,000, or AED 1,809 per sqft, 24% above the AED 1,463 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 February 2015. The current contract, signed on 1 February 2015, is AED 145,000 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1606 over time

Sales
Unit 1606, 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 by developer, September 2007: AED 599,000 (AED 481 per sqft)Sold, November 2007: AED 2,250,000 (AED 1,809 per sqft)Sold, February 2016: AED 2,250,000 (AED 1,809 per sqft)

1606 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1606, each contractTypical two-bed in Rimal 3
100K150K20112015201920232027Typical 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, February 2015: AED 145,000 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 1606 sits

All 83 2-beds →

1606 last sold in February 2016 at AED 1,809 per sqft, 24% above what two-beds in Rimal 3 were fetching at the time (AED 1,463). 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. 1606's AED 145,000 is in the upper half 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
16032-bedAED 1.1M · Nov 2019
16042-bedAED 3.12M · May 2025
16052-bedAED 599K · Nov 2013

1606, Rimal 3 in numbers

  • Sold 3 times: first on 26 September 2007 for AED 599,000, last on 23 February 2016 for AED 2,250,000 (AED 1,809 per sqft).
  • Rented since February 2015 on one Ejari contract, at AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2016 price is 6.4%, 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 23 February 2016.

Questions about 1606, Rimal 3

What did unit 1606 last sell for?

AED 2,250,000 on 23 February 2016: AED 1,809 per sqft for 1,243 sqft. The unit has 3 registered sales; the first was AED 599,000 in September 2007.

What is the rent for unit 1606?

AED 145,000 a year on the contract signed on 1 February 2015.

How big is unit 1606?

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 1606 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 1606, Rimal 3

Starts from the last sale price (AED 2.25M, 23 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

Plus AED 99,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →