2-bed · 1,243 sqftRimal 3, Jumeirah Beach Residence · 29th floor · completed 2007

2903, Rimal 3

Sold prices and rental history: sold twice, last in August 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2903 · DLD and Ejari recordsUpdated 9 March 2024
Last soldAED 2.58M25 August 2008
Current rentAED 135K /yr9 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2903, Rimal 3

What is 2903 worth today?

Last sold for AED 2,580,000 in 2008

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

9 Mar 2024RentedNew contract
AED 135,000/yr12 months · AED 109 per sqft
15 Jun 2022RentedRenewal
AED 78,000/yr12 months · AED 63 per sqft
15 Jun 2020RentedNew contract
AED 60,000/yr12 months · AED 48 per sqft
18 Nov 2018RentedNew contract
AED 90,000/yr12 months · AED 72 per sqft
1 Aug 2017RentedRenewal
AED 120,000/yr12 months · AED 97 per sqft
1 Aug 2016RentedNew contract
AED 120,323/yr12 months · AED 97 per sqft
1 Jul 2015RentedRenewal
AED 112,902/yr12 months · AED 91 per sqft
1 Jul 2013RentedNew contract
AED 89,250/yr12 months · AED 72 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 March 2024.

Key facts

Type
2-bed apartment
Size
1,243 sqft
Floor
29th of 41
Parking
M475
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,300 /yr
Last sold
AED 2.58M · August 2008
Building
Rimal 3

About 2903, Rimal 3

2903 is a two-bedroom apartment of 1,243 sqft on the 29th floor of Rimal 3, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 25 August 2008 for AED 2,580,000, or AED 2,075 per sqft, 252% above the AED 590 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 9 March 2024, is AED 135,000 a year: a gross yield of 5.2% on the 2008 price, before the service charge of about AED 22,300 a year.

Sales and rents for 2903 over time

Sales
Unit 2903, 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, August 2007: AED 981,750 (AED 789 per sqft)Sold, August 2008: AED 2,580,000 (AED 2,075 per sqft)

2903 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2903, each contractTypical two-bed in Rimal 3
50K100K20112015201920232027Typical 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, July 2013: AED 89,250 a yearRenewal, July 2015: AED 112,902 a yearNew contract, August 2016: AED 120,323 a yearRenewal, August 2017: AED 120,000 a yearNew contract, November 2018: AED 90,000 a yearNew contract, June 2020: AED 60,000 a yearRenewal, June 2022: AED 78,000 a yearNew contract, March 2024: AED 135,000 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 2903 sits

All 83 2-beds →

2903 last sold in August 2008 at AED 2,075 per sqft, 252% above what two-beds in Rimal 3 were fetching at the time (AED 590). 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. 2903's AED 135,000 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 29th floor

All 222 units in Rimal 3
Value
29013-bedAED 2.3M · Jun 2021
29023-bedAED 350K · May 2008
29042-bedAED 900K · Dec 2007
29052-bedAED 2.2M · May 2009
29062-bedAED 1.5M · May 2008

2903, Rimal 3 in numbers

  • Sold twice: first on 26 August 2007 for AED 981,750, last on 25 August 2008 for AED 2,580,000 (AED 2,075 per sqft).
  • Rented since July 2013 on 8 Ejari contracts. The rent fell from AED 89,250 to AED 60,000 in 2020 and recovered to AED 135,000 by March 2024.
  • At AED 135,000 a year the gross yield on the 2008 price is 5.2%, 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 9 March 2024.

Questions about 2903, Rimal 3

What did unit 2903 last sell for?

AED 2,580,000 on 25 August 2008: AED 2,075 per sqft for 1,243 sqft. The unit has 2 registered sales; the first was AED 981,750 in August 2007.

What is the rent for unit 2903?

AED 135,000 a year on the contract signed on 9 March 2024. The previous contract, from June 2022, was AED 78,000; the unit has been rented since July 2013.

How big is unit 2903?

1,243 sqft (115.5 sqm): a two-bedroom apartment on the 29th floor of a 41-storey tower completed in 2007.

What is unit 2903 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.

Selling 2903? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 2903, Rimal 3

Starts from the last sale price (AED 2.58M, 25 August 2008). Switch to today's estimate once you have unlocked it.
Price
AED 2,580,000
Deposit, UAE resident (20%)
AED 516,000
Deposit, non-resident (40%)
AED 1,032,000
Monthly over 25 years at 3.7%
AED 10,556

Plus AED 113,370 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →