3-bed · 1,926 sqftRimal 5, Jumeirah Beach Residence · 16th floor · completed 2007

1605, Rimal 5

Sold prices and rental history: sold twice, last in November 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1605 · DLD and Ejari recordsUpdated 10 July 2020
Last soldAED 850K1 November 2011
Current rentAED 132K /yr10 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1605, Rimal 5

What is 1605 worth today?

Last sold for AED 850,000 in 2011

Unlock today's estimate, updated daily, with

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

10 Jul 2020RentedRenewal
AED 132,000/yr12 months · AED 69 per sqft
9 Jul 2019RentedNew contract
AED 149,598/yr12 months · AED 78 per sqft
10 Jul 2018RentedNew contract
AED 165,000/yr12 months · AED 86 per sqft
15 Jul 2017RentedRenewal
AED 190,000/yr12 months · AED 99 per sqft
15 Jul 2016RentedRenewal
AED 190,000/yr12 months · AED 99 per sqft
15 Jul 2015RentedNew contract
AED 190,000/yr12 months · AED 99 per sqft
20 Jul 2014RentedNew contract
AED 205,000/yr12 months · AED 106 per sqft
15 Jul 2013RentedNew contract
AED 164,558/yr12 months · AED 85 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 July 2020.

Key facts

Type
3-bed apartment
Size
1,926 sqft
Floor
16th of 40
Parking
M153-4
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,700 /yr
Last sold
AED 850K · November 2011
Building
Rimal 5

About 1605, Rimal 5

1605 is a three-bedroom apartment of 1,926 sqft on the 16th floor of Rimal 5, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 November 2011 for AED 850,000, or AED 441 per sqft, 10% above the AED 402 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 10 July 2020, is AED 132,000 a year: a gross yield of 15.5% on the 2011 price, before the service charge of about AED 30,700 a year.

Sales and rents for 1605 over time

Sales
Unit 1605, each saleTypical three-bed in Rimal 5
2M4M2007201220172022Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 1,300,000; 2010 AED 2,000,000; 2011 AED 1,500,000; 2012 AED 1,700,000; 2013 AED 1,075,000; 2014 AED 1,679,500; 2015 AED 2,500,000; 2016 AED 2,675,000; 2017 AED 2,175,000; 2018 AED 2,800,000; 2019 AED 1,825,000; 2020 AED 1,520,000; 2021 AED 2,800,000; 2022 AED 2,525,000; 2023 AED 2,950,000; 2024 AED 3,100,000; 2025 AED 4,575,000Sold by developer, June 2008: AED 699,000 (AED 362 per sqft)Sold, November 2011: AED 850,000 (AED 441 per sqft)

1605 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1605, each contractTypical three-bed in Rimal 5
150K200K2012201620202024Typical rent by year: 2012 AED 140,000; 2013 AED 157,500; 2014 AED 171,625; 2015 AED 175,500; 2016 AED 180,000; 2017 AED 175,000; 2018 AED 167,000; 2019 AED 150,000; 2020 AED 130,000; 2021 AED 127,000; 2022 AED 140,000; 2023 AED 160,650; 2024 AED 187,425; 2025 AED 190,000; 2026 AED 183,500New contract, July 2012: AED 160,000 a yearNew contract, July 2013: AED 164,558 a yearNew contract, July 2014: AED 205,000 a yearNew contract, July 2015: AED 190,000 a yearRenewal, July 2016: AED 190,000 a yearRenewal, July 2017: AED 190,000 a yearNew contract, July 2018: AED 165,000 a yearNew contract, July 2019: AED 149,598 a yearRenewal, July 2020: AED 132,000 a year

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

3-beds in Rimal 5, and where 1605 sits

All 142 3-beds →

1605 last sold in November 2011 at AED 441 per sqft, 10% above what three-beds in Rimal 5 were fetching at the time (AED 402). Over the last 12 months three-beds sold for AED 4,900,000 to 5,050,000, around AED 2,557 per sqft, and rent for AED 160,000 to 240,000 a year. 1605's AED 132,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Feb 20264,950,000
22 Dec 20254,900,000
19 Dec 20255,000,000
15 Dec 20255,050,000
4 3-bed sales in the last 12 months

Rimal 5

Building

198 apartments, 2-bed to 4-bed over 40 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 6 sold in the last 12 months.

Typical price per sqft
AED 2,300
Typical sale
AED 4.94M
Typical rent
AED 189K /yr
Typical yield
4.1%
Rimal 5, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 16th floor

All 198 units in Rimal 5
Value
16013-bedAED 699K · Mar 2008
16023-bedAED 1.3M · May 2009
16034-bedAED 949K · Oct 2007
16044-bedAED 2.6M · Jan 2013
16063-bedAED 3.5M · Feb 2016

1605, Rimal 5 in numbers

  • Sold twice: first on 15 June 2008 for AED 699,000, last on 1 November 2011 for AED 850,000 (AED 441 per sqft).
  • Rented since July 2012 on 9 Ejari contracts, from AED 160,000 to AED 132,000 a year.
  • At AED 132,000 a year the gross yield on the 2011 price is 15.5%, before a service charge of about AED 30,700 a year (AED 15.95 per sqft).
  • Three-beds in Rimal 5 sold for AED 4,900,000–5,050,000 in the 12 months to November 2026; the building's median across all types is AED 2,300 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 10 July 2020.

Questions about 1605, Rimal 5

What did unit 1605 last sell for?

AED 850,000 on 1 November 2011: AED 441 per sqft for 1,926 sqft. The unit has 2 registered sales; the first was AED 699,000 in June 2008.

What is the rent for unit 1605?

AED 132,000 a year on the contract renewed on 10 July 2020. The previous contract, from July 2019, was AED 149,598; the unit has been rented since July 2012.

How big is unit 1605?

1,926 sqft (178.9 sqm): a three-bedroom apartment on the 16th floor of a 40-storey tower completed in 2007.

What is unit 1605 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Rimal 5 sold for AED 4,900,000 to 5,050,000 in the last 12 months, around AED 2,557 per sqft.

Selling 1605? 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 1605, Rimal 5

Starts from the last sale price (AED 850K, 1 November 2011). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

Plus AED 40,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →