509, Al Ramth 01
Sold prices and rental history: sold twice, last in November 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, Al Ramth 01
What is 509 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 468 sqft
- Floor
- 5th of 5
- Parking
- G-87
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 7,200 /yr
- Last sold
- AED 264K · November 2022
- Building
- Al Ramth 01
About 509, Al Ramth 01
509 is a studio of 468 sqft on the 5th floor of Al Ramth 01, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 25 November 2022 for AED 264,000, or AED 563 per sqft, 6% below the AED 597 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 1 October 2024, is AED 35,000 a year: a gross yield of 13.3% on the 2022 price, before the service charge of about AED 7,200 a year.
Sales and rents for 509 over time
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Al Ramth 01, and where 509 sits
All 4 studios →509 last sold in November 2022 at AED 563 per sqft, 6% below what studios in Al Ramth 01 were fetching at the time (AED 597).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Aug 202423 August 2024 | 468 sqft | 430,000 | 917 | ||
| 20 Nov 202320 November 2023 | 468 sqft | 370,000 | 789 | ||
| 17 Oct 202317 October 2023 | 468 sqft | 350,000 | 747 | ||
| 3 Oct 20223 October 2022 | 468 sqft | 300,000 | 640 |
Al Ramth 01
Building45 apartments, studios to 3-bed over 5 floors in Remraam, completed in 2011 by Remraam. 2 sold in the last 12 months.
- Typical price per sqft
- AED 883
- Typical sale
- AED 825K
- Typical rent
- AED 61K /yr
- Typical yield
- 8.7%
Other units on the 5th floor
All 45 units in Al Ramth 01| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 665 sqft | AED 662KAED 662,000 · Nov 2014November 2014 | 53,000 /yr | |
| 502 | 1-bed | 777 sqft | AED 786KAED 786,380 · Dec 2013December 2013 | 47,150 /yr | |
| 503 | 1-bed | 777 sqft | AED 786KAED 786,380 · Dec 2013December 2013 | 30,000 /yr | |
| 504 | 2-bed | 1,109 sqft | AED 552KAED 552,000 · Jan 2015January 2015 | 80,000 /yr | |
| 505 | 2-bed | 1,109 sqft | AED 920KAED 920,000 · Oct 2024October 2024 | 85,000 /yr | |
| 506 | 1-bed | 777 sqft | AED 773KAED 773,000 · Oct 2014October 2014 | 52,000 /yr | |
| 507 | 1-bed | 777 sqft | AED 786KAED 786,380 · Dec 2013December 2013 | 60,000 /yr | |
| 508 | 1-bed | 689 sqft | AED 686KAED 686,000 · Feb 2015February 2015 | 56,327 /yr |
509, Al Ramth 01 in numbers
- Sold twice: first on 22 October 2015 for AED 467,000, last on 25 November 2022 for AED 264,000 (AED 563 per sqft).
- Rented since January 2017 on 7 Ejari contracts. The rent fell from AED 43,000 to AED 19,000 in 2021 and recovered to AED 35,000 by October 2024.
- At AED 35,000 a year the gross yield on the 2022 price is 13.3%, before a service charge of about AED 7,200 a year (AED 15.34 per sqft).
Source: Dubai Land Department. Updated 1 October 2024.
Questions about 509, Al Ramth 01
What did unit 509 last sell for?
AED 264,000 on 25 November 2022: AED 563 per sqft for 468 sqft. The unit has 2 registered sales; the first was AED 467,000 in October 2015.
What is the rent for unit 509?
AED 35,000 a year on the contract signed on 1 October 2024. The previous contract, from October 2024, was AED 35,000; the unit has been rented since January 2017.
How big is unit 509?
468 sqft (43.5 sqm): a studio on the 5th floor of a 5-storey tower completed in 2011.
What is unit 509 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 509? 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.
Mortgage on 509, Al Ramth 01
Starts from the last sale price (AED 264K, 25 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 264,000
- Deposit, UAE resident (20%)
- AED 52,800
- Deposit, non-resident (40%)
- AED 105,600
- Monthly over 25 years at 3.7%
- AED 1,080
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →