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2-bed · 1,422 sqftRimal 6, Jumeirah Beach Residence · 28th floor · completed 2007

2802, Rimal 6

Sold prices and rental history: sold once, by the developer in March 2008, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2802 · DLD and Ejari recordsUpdated 2 July 2018
Last soldAED 300K27 March 2008
Current rentAED 115K /yr2 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2802, Rimal 6

What is 2802 worth today?

Last sold for AED 299,500 in 2008

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2 Jul 2018RentedNew contract
AED 115,000/yr12 months · AED 81 per sqft
13 Apr 2017RentedNew contract
AED 140,000/yr12 months · AED 99 per sqft
17 Oct 2016RentedNew contract
AED 140,000/yr12 months · AED 99 per sqft
1 Sep 2015RentedNew contract
AED 170,000/yr12 months · AED 120 per sqft
27 Mar 2008Sold by developerReady
AED 299,500AED 210 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 July 2018.

Key facts

Type
2-bed apartment
Size
1,422 sqft
Floor
28th of 37
Parking
M065
Developer
Dubai Properties
Completed
2007
Service charge
AED 26,100 /yr
Last sold
AED 300K · March 2008
Building
Rimal 6

About 2802, Rimal 6

2802 is a two-bedroom apartment of 1,422 sqft on the 28th floor of Rimal 6, a 37-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 27 March 2008 for AED 299,500, or AED 210 per sqft, 50% below the AED 421 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 2 July 2018, is AED 115,000 a year: a gross yield of 38.4% on the 2008 price, before the service charge of about AED 26,100 a year.

Sales and rents for 2802 over time

Sales
Unit 2802, each saleTypical two-bed in Rimal 6
02M2007201220172022Typical sale price by year: 2007 AED 599,000; 2008 AED 599,000; 2009 AED 659,500; 2010 AED 599,000; 2011 AED 946,250; 2012 AED 1,237,500; 2013 AED 1,745,000; 2014 AED 2,825,000; 2015 AED 1,850,000; 2018 AED 2,100,000; 2020 AED 1,350,000; 2022 AED 2,075,000; 2023 AED 2,000,000; 2024 AED 2,600,000Sold by developer, March 2008: AED 299,500 (AED 210 per sqft)

2802 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2802, each contractTypical two-bed in Rimal 6
100K150K2012201620202024Typical rent by year: 2012 AED 107,000; 2013 AED 120,375; 2014 AED 133,125; 2015 AED 140,000; 2016 AED 133,125; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 102,500; 2020 AED 91,000; 2021 AED 84,500; 2022 AED 94,000; 2023 AED 125,000; 2024 AED 137,500; 2025 AED 150,000; 2026 AED 128,500New contract, September 2015: AED 170,000 a yearNew contract, October 2016: AED 140,000 a yearNew contract, April 2017: AED 140,000 a yearNew contract, July 2018: AED 115,000 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 6, and where 2802 sits

All 47 2-beds →

2802 last sold in March 2008 at AED 210 per sqft, 50% below what two-beds in Rimal 6 were fetching at the time (AED 421). 2802's AED 115,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Nov 20243,800,000
11 Jun 20242,000,000
9 May 20242,200,000
6 Mar 20243,000,000
0 2-bed sales in the last 12 months

Rimal 6

Building

138 apartments, 1-bed to 4-bed over 37 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 190K /yr
Typical yield
Rimal 6, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 28th floor

All 138 units in Rimal 6
Value
28012-bedAED 850K · Jan 2008
28033-bedAED 699K · Jan 2008
28043-bedAED 699K · Dec 2008

2802, Rimal 6 in numbers

  • Sold once: by Dubai Properties on 27 March 2008 for AED 299,500, or AED 210 per sqft.
  • Rented since September 2015 on 4 Ejari contracts, from AED 170,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2008 price is 38.4%, before a service charge of about AED 26,100 a year (AED 18.33 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 2 July 2018.

Questions about 2802, Rimal 6

What did unit 2802 last sell for?

AED 299,500 on 27 March 2008, sold by the developer: AED 210 per sqft for 1,422 sqft. It is the only registered sale of the unit.

What is the rent for unit 2802?

AED 115,000 a year on the contract signed on 2 July 2018. The previous contract, from April 2017, was AED 140,000; the unit has been rented since September 2015.

How big is unit 2802?

1,422 sqft (132.1 sqm): a two-bedroom apartment on the 28th floor of a 37-storey tower completed in 2007.

What is unit 2802 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 2802, Rimal 6

Starts from the last sale price (AED 300K, 27 March 2008). Switch to today's estimate once you have unlocked it.
Price
AED 299,500
Deposit, UAE resident (20%)
AED 59,900
Deposit, non-resident (40%)
AED 119,800
Monthly over 25 years at 3.7%
AED 1,225

Plus AED 15,489 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →