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2-bed · 2,210 sqftRimal 3, Jumeirah Beach Residence · Ground floor · completed 2007

L01, Rimal 3

Sold prices and rental history: sold 3 times, last in May 2018, and rented once, from January 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L01 · DLD and Ejari recordsUpdated 10 May 2018
Last soldAED 2.95M10 May 2018
Current rentAED 200K /yr10 January 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for L01, Rimal 3

What is L01 worth today?

Last sold for AED 2,950,000 in 2018

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10 May 2018SoldReady
AED 2,950,000AED 1,334 per sqft
29 Apr 2014SoldReady
AED 3,700,000AED 1,674 per sqft
10 Jan 2013RentedNew contract
AED 200,000/yr12 months · AED 91 per sqft
28 Aug 2008Sold by developerReady
AED 1,655,000AED 748 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 May 2018.

Key facts

Type
2-bed apartment
Size
2,210 sqft
Floor
Ground of 41
Parking
G275
Developer
Dubai Properties
Completed
2007
Service charge
AED 39,600 /yr
Last sold
AED 2.95M · May 2018
Building
Rimal 3

About L01, Rimal 3

L01 is a two-bedroom apartment of 2,210 sqft on the ground floor of Rimal 3, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 10 May 2018 for AED 2,950,000, or AED 1,334 per sqft, in line with the AED 1,334 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 January 2013. The current contract, signed on 10 January 2013, is AED 200,000 a year: a gross yield of 6.8% on the 2018 price, before the service charge of about AED 39,600 a year.

Sales and rents for L01 over time

Sales
Unit L01, each saleTypical two-bed in Rimal 3
2M4M2007201220172022Typical 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 2008: AED 1,655,000 (AED 748 per sqft)Sold, April 2014: AED 3,700,000 (AED 1,674 per sqft)Sold, May 2018: AED 2,950,000 (AED 1,334 per sqft)

L01 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit L01, each contractTypical two-bed in Rimal 3
100K200K20112015201920232027Typical 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, January 2013: AED 200,000 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 L01 sits

All 83 2-beds →

L01 last sold in May 2018 at AED 1,334 per sqft, in line with what two-beds in Rimal 3 were fetching at the time (AED 1,334). 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. L01's AED 200,000 is at the top 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 ground floor

All 222 units in Rimal 3
Value
L022-bedAED 4.7M · Apr 2024
L032-bedAED 3.15M · Aug 2009
L042-bedAED 3.58M · Oct 2013

L01, Rimal 3 in numbers

  • Sold 3 times: first on 28 August 2008 for AED 1,655,000, last on 10 May 2018 for AED 2,950,000 (AED 1,334 per sqft).
  • Rented since January 2013 on one Ejari contract, at AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2018 price is 6.8%, before a service charge of about AED 39,600 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 10 May 2018.

Questions about L01, Rimal 3

What did unit L01 last sell for?

AED 2,950,000 on 10 May 2018: AED 1,334 per sqft for 2,210 sqft. The unit has 3 registered sales; the first was AED 1,655,000 in August 2008.

What is the rent for unit L01?

AED 200,000 a year on the contract signed on 10 January 2013.

How big is unit L01?

2,210 sqft (205.3 sqm): a two-bedroom apartment on the ground floor of a 41-storey tower completed in 2007.

What is unit L01 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 L01, Rimal 3

Starts from the last sale price (AED 2.95M, 10 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

Plus AED 128,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →