Rimal 4 is a luxurious residential building in Jumeirah Beach Residence, Dubai. Due to its superb location and top-notch amenities, it is one of the most sought-after properties in the area. The building features spacious apartments ranging from studios to three-bedroom units, all designed to provide comfort and convenience to its residents.
Jumeirah Beach Residence is a vibrant community that offers a beachfront lifestyle with various dining, shopping, and entertainment options. Rimal 4 is situated in the heart of this community, providing easy access to the beach and other attractions. Landscaped gardens surround the building, and it features a swimming pool, fitness center, and round-the-clock security, making it an ideal choice for households and individuals looking for a safe and comfortable living space.
Living in Rimal 4 offers a unique experience of luxury and comfort in one of the most desirable locations in Dubai. The apartments are designed with modern finishes and luxurious materials, ensuring a comfortable and stylish living environment. Whether looking for a cozy studio or a spacious three-bedroom unit, Rimal 4 has something to offer everyone.
Overview of Rimal 4
Rimal 4 is a lavish residential building located in Dubai’s heart of Jumeirah Beach Residence (JBR). It is part of the Rimal cluster, a popular residential area known for its exceptional views of the Arabian Gulf and proximity to the beach.
Location and Accessibility
Rimal 4 is located in one of the most sought-after areas in Dubai. It is conveniently situated near the beach, making it ideal for those who enjoy beach activities. The building is also close to various retail shops, restaurants, cafes, and entertainment venues, providing residents easy access to everything they need.
Regarding accessibility, Rimal 4 is well-connected to major roads and highways, facilitating residents’ travel to and from the building. The Dubai International Airport is approximately 40.4 km away and can be reached in about 39 minutes by car or taxi, depending on the traffic.
Property Types and Sizes
Rimal 4 offers a variety of apartment types and sizes to accommodate different requirements and preferences. The building features 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom, and penthouse apartments. The apartments range from approximately 1,100 square feet to 4,000 square feet, providing residents with ample living space.
Each apartment in Rimal 4 is designed to provide residents with maximum comfort and luxury. The apartments come with high-end finishes, fixtures, and modern amenities such as a fully equipped kitchen, a spacious living room, and a balcony with stunning views of the Arabian Gulf.
Views and Surroundings
One of Rimal 4’s main attractions is its stunning views of the Arabian Gulf. The building is strategically located to provide residents with unobstructed beach and sea views. The apartments are designed to maximize these views, with large windows and balconies providing residents with tranquility and relaxation.
In addition to its stunning views, Rimal 4 is surrounded by various amenities and facilities that make it an ideal place to live. With a children’s playground, a fitness center, and a swimming pool, the building offers residents lots of chances to be active and healthy. The building is also located near various retail shops, restaurants, and cafes, providing residents easy access to everything they need.
All things considered, Rimal 4 is an opulent residential complex that provides residents with a pleasant and comfortable lifestyle. With its stunning views, modern amenities, and prime location in Jumeirah Beach Residence, Rimal 4 is an ideal place to call home.
Real Estate Market
Current Market Conditions
Rimal 4 is a 36-storey residential building in Jumeirah Beach Residence, Dubai. The real estate market in Rimal 4 has been stable in the past six months, with no significant price fluctuations. However, the market is experiencing a slight price decline, with an average price decrease of 2% in the past six months.
Price Trends and Changes
According to recent data, the average asking price for a flat in Rimal 4 is around AED 3,751,472. This price may vary depending on property size, type, and condition. The market has seen a slight price decrease in the past six months, with an average price decrease of 2%.
Recent Sale Transactions
Several recent sale transactions have occurred in Rimal 4, with properties sold for prices ranging from AED 3,500,000 to AED 4,000,000. These sales indicate that the market is stable and that properties are being sold at fair market prices.
Overall, the real estate market in Rimal 4 has been stable in the past six months, with a slight price decrease. Recent sale transactions indicate that the market is fair and properties are sold reasonably.
Buying and Renting
Process of Buying
Buying an apartment in Rimal 4, Jumeirah Beach Residence Dubai, can be a great investment opportunity for those looking for a luxurious lifestyle. The process of buying an apartment in Rimal 4 is quite straightforward. The buyer needs to follow these steps:
- Acquire the help of a reputable real estate agent specializing in the Jumeirah Beach Residence area.
- Discuss the buyer’s requirements, such as budget, size, and preferred location.
- The agent will show the buyer various apartments that match their criteria.
- Once the buyer selects an apartment, the agent will assist in negotiating the price and other terms of the sale.
- The buyer will then need to pay a deposit to secure the apartment.
- The buyer and seller will sign a sale agreement, and the buyer will need to pay the remaining balance.
- The buyer will receive the keys to their new apartment.
The prices of apartments for sale in Rimal 4 vary depending on their size, location, and condition. They range from AED 1,300,000 for a one-bedroom apartment to AED 5,800,000 for a four-bedroom apartment. Fully furnished apartments are also available for those who prefer a hassle-free move-in experience.
Renting Options
Several options are available in Rimal 4, Jumeirah Beach Residence Dubai, for those who prefer renting instead of buying. The rental prices vary depending on the apartment’s size, location, and condition. The average rent for a one-bedroom apartment in Rimal 4 is AED 125,000 per year, while a four-bedroom apartment can cost up to AED 430,000 per year.
Several renting options are available in Rimal 4, including fully furnished apartments for those who prefer a hassle-free move-in experience. Renting an apartment in Rimal 4 is quite straightforward. The tenant needs to follow these steps:
- Acquire the help of a reputable real estate agent specializing in the Jumeirah Beach Residence area.
- Discuss the tenant’s requirements, such as budget, size, and preferred location.
- The agent will show the tenant various apartments that match their criteria.
- Once the tenant selects an apartment, the agent will assist in negotiating the rent and other terms of the lease.
- The tenant must then pay a security deposit and sign the lease agreement.
- The tenant will receive the keys to their new apartment.
In conclusion, Rimal 4, Jumeirah Beach Residence Dubai, offers a great investment opportunity for those looking for a luxurious lifestyle. Whether you prefer buying or renting, several options are available that match your requirements and budget.
Amenities and Features
Luxury Amenities
Rimal 4 in Jumeirah Beach Residence Dubai offers a luxurious living experience with a range of amenities that accommodate its residents’ needs and desires. The apartment building includes an outdoor swimming pool, fitness center, and on-site parking, among other facilities. The property also features a children’s playground, making it a superb choice for families with kids.
Apartment Features
The apartments in Rimal 4 are fully furnished and equipped with modern appliances, making them ready for immediate move-in. The apartments feature spacious balconies that offer exceptional views of the sea and the surrounding area. The interiors are designed for comfort and functionality, with a range of amenities that include:
- Flat-screen TV
- Air conditioning
- Free Wi-Fi
- Double bed & sofa bed in the living area
- 24-hour security
The apartments in Rimal 4 are spacious and well-designed to provide residents with a comfortable living experience. Each apartment has a full kitchen with a fridge, stove, and microwave. The apartments also feature a laundry room with a washing machine and dryer.
Overall, Rimal 4 offers a luxurious living experience with a range of amenities and features that accommodate the requirements and desires of its residents. The apartments are spacious, fully furnished, and equipped with modern appliances, making them an ideal choice for those seeking a pleasant and convenient lifestyle in Jumeirah Beach Residence Dubai.
Educational Institutions
Dubai is known for its excellent education system, and Jumeirah Beach Residence is no exception. The community offers multiple educational institutions, including schools and nurseries, that cater to the diverse needs of families in the area.
Schools Nearby
Parents can choose from several schools that offer local and international curriculums. Emirates International School Meadows, The Winchester School, and Jebel Ali Regent International School are some of the most popular schools in the vicinity. These schools offer quality education and have experienced faculty members who ensure students receive the best possible education.
Nurseries and Early Learning Centers
There are several nurseries and early learning centers in the area for parents with young children. Odyssey Nursery, Jumeirah International Nurseries, and Blossom Nursery are some of the most well-known nurseries in Jumeirah Beach Residence. These facilities offer a caring atmosphere where kids can develop. They offer numerous programs that cater to the needs of children of different ages.
Whether you are looking for a school or a nursery, Jumeirah Beach Residence has much to offer. With various options, parents can find an institution that meets their child’s needs and provides them with a quality education.
Real Estate Agencies
Prominent Agencies
Rimal 4, Jumeirah Beach Residence is home to several prominent real estate agencies, including Al Mashreq Properties, Arabian Estates, and Langton, United Arab Emirates. These agencies have established a strong reputation in the Dubai real estate market and are known for their exceptional services and expertise.
Al Mashreq Properties is one of Dubai’s leading real estate agencies, providing many services to clients wishing to buy, sell, or rent properties in the city. The agency has a team of experienced professionals dedicated to providing personalized solutions to each client’s unique needs.
Arabian Estates is another prominent agency in Rimal 4. It offers numerous services to clients looking to invest in Dubai’s real estate market. A group of exceptionally talented individuals at the firm are dedicated to giving clients outstanding services.
Langton United Arab Emirates is a well-respected real estate agency operating in Dubai for several years. The agency has a team of experienced professionals dedicated to providing clients with the best service and expertise.
Agency Services
Real estate agencies in Rimal 4 offer various services, including property management, sales, and rentals. These agencies provide clients with expert advice on the current state of the Dubai real estate market, property valuations, and investment opportunities.
Bayut is a popular online platform that hosts listings from various real estate agencies in Rimal 4. The platform provides clients with a comprehensive database of properties available for sale or rent in the area. Clients can use Bayut’s advanced search filters to find properties that meet their specific requirements.
Ahmad is a seasoned real estate professional who has operated in Rimal 4 for several years. He provides clients with personalized solutions to their real estate needs, including property management, sales, and rentals. Ahmad has a strong reputation in the community and is known for his exceptional customer service.
Community Insights
Resident Demographics
Rimal 4, Jumeirah Beach Residence Dubai is a vibrant and cosmopolitan community in the heart of Dubai, United Arab Emirates. The community is home to a diverse mix of residents worldwide. Most residents are expats who have relocated to Dubai for work or business opportunities. The community is also popular among families with children, offering a safe and secure environment with ample amenities.
According to recent data, the average age of residents in Rimal 4 is between 25 and 45. The community is predominantly made up of young professionals and families with children. The majority of residents are employed in various industries, such as finance, hospitality, and healthcare.
Lifestyle and Culture
Jumeirah Beach Residence, or JBR, is a popular destination for tourists and locals. The community offers a vibrant and dynamic lifestyle with many amenities and activities. Residents of Rimal 4 have access to world-class restaurants, cafes, retail outlets, and various recreational facilities such as swimming pools, gyms, and parks.
One of the community’s unique features is its beachfront location, which offers exceptional views of the Arabian Gulf. Residents can enjoy various water sports activities like jet skiing, paddle boarding, and kayaking. The community also hosts numerous annual festivals and cultural events honoring the rich history and customs of the United Arab Emirates.
Overall, Rimal 4, Jumeirah Beach Residence Dubai, is a vibrant and cosmopolitan community that provides a distinctive fusion of contemporary conveniences and traditional culture. It is ideal for young professionals and families looking for a dynamic and exciting lifestyle in the heart of Dubai.
Investment Opportunities
Investing in Rimal 4, Jumeirah Beach Residence, can be a lucrative opportunity for those looking to invest in Dubai’s real estate market. The area is a prime location for both residents and tourists, with its stunning views of the marina and proximity to the beach.
Rental Yields
Rental yields in Rimal 4 are competitive, with investors earning up to 6.32% return on investment. The value of ROI can vary depending on the property’s size, location, amenities nearby, and other factors. For example, a one-bedroom apartment in Rimal 4 typically costs around AED 2,670,152 and can generate a rental income of AED 170,000 per year.
Capital Appreciation
In the last 12 months, 26 properties have been sold in Rimal 4, with an average price of AED 2,515,494. The area has seen a steady increase in property prices, with a capital appreciation rate of 2.4% in the first quarter of 2024. This trend is expected to continue due to the high demand for properties in the area.
Investors can also take advantage of installment payment plans available for some properties in Rimal 4, making it easier to invest in the area. Overall, investing in Rimal 4 can provide a great return on investment with the potential for rental yields and capital appreciation.
Legal and Regulatory Considerations
Ownership Laws
When owning property in Dubai, it is crucial to understand the ownership laws. Property in several neighborhoods of Dubai, such Jumeirah Beach Residence, can be owned by foreigners. However, it is important to note that ownership is limited to a maximum of 99 years, after which the property reverts back to the government. Ensuring that all necessary paperwork is completed and the property is registered with the Dubai Land Department is also essential.
Tenant Rights and Responsibilities
Tenants in Dubai have specific rights and responsibilities outlined in the Dubai Rental Law. The conditions of the lease, such as the amount of rent, the timetable for payments, and the length of the lease, must be specified in a formal tenancy contract that is provided by the landlord. It is the tenants’ responsibility to keep the property in excellent shape and to pay the rent on time.
Tenants should also be aware of the community rules and regulations at Rimal 4, Jumeirah Beach Residence. These could include limitations on parking, noise levels, and using communal areas. It is vital to abide by these rules to ensure a peaceful and enjoyable living experience for all residents.
Property owners and tenants must know the legal and regulatory considerations when owning or renting a property in Dubai. Through comprehension of these legal statutes and guidelines, people can guarantee a seamless and trouble-free encounter.
Frequently Asked Questions
What are the current rental rates for properties in Rimal 4, JBR?
Rental rates for properties in Rimal 4, JBR vary depending on the size and type of the property. As of May 2024, the rental rates for a studio apartment range from AED 60,000 to AED 85,000 per year. One-bedroom apartments are available for rent from AED 85,000 to AED 130,000 per year, while two-bedroom apartments can be rented for AED 130,000 to AED 180,000 per year. Three-bedroom apartments and penthouses are also available for rent at higher rates.
How do property prices compare in Rimal 4 to other parts of Jumeirah Beach Residence?
Property prices in Rimal 4, JBR, are comparable to other parts of Jumeirah Beach Residence. Prices change depending on the size and type of the property. As of May 2024, the average price for a studio apartment in Rimal 4 is AED 1.1 million, while one-bedroom apartments are priced at an average of AED 1.6 million. Two-bedroom apartments are priced at an average of AED 2.3 million, and three-bedroom apartments and penthouses are priced at higher rates.
What amenities are available to residents of Rimal 4, JBR?
Residents of Rimal 4, JBR, have access to a range of amenities, including:
- Swimming pool
- Gymnasium
- Children’s play area
- 24-hour security
- Covered parking
In addition, the building is located close to the beach and has a variety of restaurants, cafes, and shops.
Can you provide information on the developer behind Jumeirah Beach Residence?
Dubai Properties, a leading real estate developer in the UAE, developed Jumeirah Beach Residence. Dubai Properties is known for its innovative and sustainable projects, and Jumeirah Beach Residence is one of its most iconic developments.
What is the history and construction date of the Jumeirah Beach Residence?
Jumeirah Beach Residence, completed in 2007, is one of the largest single-phase residential projects in the world. The development comprises six residential blocks, including Rimal 4, and features a mix of apartments and penthouses.
Where can I find a detailed location map of Rimal 4 within Jumeirah Beach Residence?
A detailed location map of Rimal 4 within Jumeirah Beach Residence can be found on Dubai Properties’ website or through a quick online search.
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