2-bed · 1,243 sqftRimal 3, Jumeirah Beach Residence · 25th floor · completed 2007

2503, Rimal 3

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2503 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 1.9M1 May 2024
Current rentAED 97K /yr5 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2503, Rimal 3

What is 2503 worth today?

Last sold for AED 1,900,000 in 2024

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1 May 2024SoldReady
AED 1,900,000AED 1,528 per sqft
5 Oct 2023RentedRenewal
AED 96,954/yr6 months · AED 78 per sqft
5 Oct 2022RentedRenewal
AED 88,140/yr12 months · AED 71 per sqft
5 Oct 2021RentedNew contract
AED 78,000/yr12 months · AED 63 per sqft
5 Apr 2021RentedNew contract
AED 70,000/yr6 months · AED 56 per sqft
5 Oct 2020RentedRenewal
AED 70,000/yr6 months · AED 56 per sqft
5 Apr 2020RentedRenewal
AED 95,000/yr6 months · AED 76 per sqft
5 Oct 2019RentedRenewal
AED 95,000/yr6 months · AED 76 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2024.

Key facts

Type
2-bed apartment
Size
1,243 sqft
Floor
25th of 41
Parking
M479
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,300 /yr
Last sold
AED 1.9M · May 2024
Building
Rimal 3

About 2503, Rimal 3

2503 is a two-bedroom apartment of 1,243 sqft on the 25th floor of Rimal 3, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 May 2024 for AED 1,900,000, or AED 1,528 per sqft, 8% below the AED 1,657 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 5 October 2023, is AED 96,954 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 22,300 a year.

Sales and rents for 2503 over time

Sales
Unit 2503, 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, April 2008: AED 692,500 (AED 557 per sqft)Sold, May 2024: AED 1,900,000 (AED 1,528 per sqft)

2503 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2503, 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, October 2016: AED 127,338 a yearRenewal, October 2017: AED 127,338 a yearRenewal, October 2018: AED 121,000 a yearRenewal, October 2019: AED 95,000 a yearRenewal, April 2020: AED 95,000 a yearRenewal, October 2020: AED 70,000 a yearNew contract, April 2021: AED 70,000 a yearNew contract, October 2021: AED 78,000 a yearRenewal, October 2022: AED 88,140 a yearRenewal, October 2023: AED 96,954 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 2503 sits

All 83 2-beds →

2503 last sold in May 2024 at AED 1,528 per sqft, 8% below what two-beds in Rimal 3 were fetching at the time (AED 1,657). 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. 2503's AED 96,954 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 25th floor

All 222 units in Rimal 3
Value
25013-bedAED 2.4M · Jan 2023
25023-bedAED 2.2M · Jul 2011
25042-bedAED 900K · Dec 2007
25052-bedAED 599K · Nov 2007
25062-bedAED 2.15M · Dec 2022

2503, Rimal 3 in numbers

  • Sold twice: first on 30 April 2008 for AED 692,500, last on 1 May 2024 for AED 1,900,000 (AED 1,528 per sqft).
  • Rented since October 2016 on 10 Ejari contracts. The rent fell from AED 127,338 to AED 70,000 in 2021 and recovered to AED 96,954 by October 2023.
  • At AED 96,954 a year the gross yield on the 2024 price is 5.1%, 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 1 May 2024.

Questions about 2503, Rimal 3

What did unit 2503 last sell for?

AED 1,900,000 on 1 May 2024: AED 1,528 per sqft for 1,243 sqft. The unit has 2 registered sales; the first was AED 692,500 in April 2008.

What is the rent for unit 2503?

AED 96,954 a year on the contract renewed on 5 October 2023. The previous contract, from October 2022, was AED 88,140; the unit has been rented since October 2016.

How big is unit 2503?

1,243 sqft (115.5 sqm): a two-bedroom apartment on the 25th floor of a 41-storey tower completed in 2007.

What is unit 2503 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 2503, Rimal 3

Starts from the last sale price (AED 1.9M, 1 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

Plus AED 84,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →