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1-bed · 444 sqftAl Ramth 03, Remraam · 4th floor · completed 2011

408, Al Ramth 03

Sold prices and rental history: sold 3 times, last in December 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 22 October 2023
Last soldAED 280K14 December 2021
Current rentAED 65K /yr22 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Al Ramth 03

What is 408 worth today?

Last sold for AED 280,000 in 2021

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22 Oct 2023RentedRenewal
AED 65,000/yr12 months · AED 98 per sqft
22 Oct 2022RentedRenewal
AED 65,000/yr12 months · AED 98 per sqft
14 Dec 2021SoldReady
AED 280,000AED 631 per sqft
8 Dec 2021SoldReady · flagged as an outlier
AED 28,792AED 43 per sqft
22 Oct 2021RentedNew contract
AED 50,000/yr12 months · AED 75 per sqft
22 Oct 2020RentedRenewal
AED 50,000/yr12 months · AED 75 per sqft
22 Oct 2019RentedRenewal
AED 55,000/yr12 months · AED 83 per sqft
22 Oct 2018RentedRenewal
AED 55,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 22 October 2023.

Key facts

Type
1-bed apartment
Size
444 sqft
Floor
4th of 5
Parking
G-64
Developer
Remraam
Completed
2011
Service charge
AED 6,800 /yr
Last sold
AED 280K · December 2021
Building
Al Ramth 03

About 408, Al Ramth 03

408 is a one-bedroom apartment of 444 sqft on the 4th floor of Al Ramth 03, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 14 December 2021 for AED 280,000, or AED 631 per sqft, in line with the AED 635 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 22 October 2023, is AED 65,000 a year: a gross yield of 23.2% on the 2021 price, before the service charge of about AED 6,800 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical one-bed in Al Ramth 03
500K2014201720202023Typical sale price by year: 2014 AED 781,585; 2016 AED 848,610; 2021 AED 325,000; 2022 AED 345,000Sold by developer, April 2014: AED 687,045 (AED 1,032 per sqft)Sold, December 2021: AED 280,000 (AED 631 per sqft)

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

Rents
Unit 408, each contractTypical one-bed in Al Ramth 03
40K60K2014201820222026Typical rent by year: 2014 AED 60,000; 2015 AED 55,500; 2016 AED 59,000; 2017 AED 56,000; 2018 AED 53,500; 2019 AED 45,000; 2020 AED 40,000; 2021 AED 32,000; 2022 AED 35,075; 2023 AED 43,250; 2024 AED 48,000; 2025 AED 54,000; 2026 AED 54,725New contract, July 2014: AED 50,896 a yearNew contract, October 2015: AED 55,000 a yearRenewal, October 2016: AED 55,000 a yearRenewal, October 2017: AED 55,000 a yearRenewal, October 2018: AED 55,000 a yearRenewal, October 2019: AED 55,000 a yearRenewal, October 2020: AED 50,000 a yearNew contract, October 2021: AED 50,000 a yearRenewal, October 2022: AED 65,000 a yearRenewal, October 2023: AED 65,000 a year

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

1-beds in Al Ramth 03, and where 408 sits

All 21 1-beds →

408 last sold in December 2021 at AED 631 per sqft, in line with what one-beds in Al Ramth 03 were fetching at the time (AED 635). 408's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 May 2025695,000
4 Mar 2025610,000
25 Jul 2024620,000
1 May 2024610,000
0 1-bed sales in the last 12 months

Al Ramth 03

Building

44 apartments, studios to 3-bed over 5 floors in Remraam, completed in 2011 by Remraam. 1 sold in the last 12 months.

Typical price per sqft
AED 1,133
Typical sale
AED 1.7M
Typical rent
AED 61K /yr
Typical yield
6.4%
Al Ramth 03, Remraam: prices, sales and rents →

Other units on the 4th floor

All 44 units in Al Ramth 03
Value
4011-bedAED 290K · Dec 2021
4021-bedAED 320K · Feb 2022
4031-bedAED 320K · Dec 2021
4042-bedAED 460K · Dec 2021
4052-bedAED 430K · Dec 2021
4061-bedAED 320K · Dec 2021
4071-bedAED 320K · Feb 2022
1–7 of 8

408, Al Ramth 03 in numbers

  • Sold 3 times: first on 22 April 2014 for AED 687,045, last on 14 December 2021 for AED 280,000 (AED 631 per sqft).
  • Rented since July 2014 on 10 Ejari contracts, from AED 50,896 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2021 price is 23.2%, before a service charge of about AED 6,800 a year (AED 15.34 per sqft).

Source: Dubai Land Department. Updated 22 October 2023.

Questions about 408, Al Ramth 03

What did unit 408 last sell for?

AED 280,000 on 14 December 2021: AED 631 per sqft for 444 sqft. The unit has 3 registered sales; the first was AED 687,045 in April 2014.

What is the rent for unit 408?

AED 65,000 a year on the contract renewed on 22 October 2023. The previous contract, from October 2022, was AED 65,000; the unit has been rented since July 2014.

How big is unit 408?

444 sqft (41.2 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2011.

What is unit 408 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 408, Al Ramth 03

Starts from the last sale price (AED 280K, 14 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 280,000
Deposit, UAE resident (20%)
AED 56,000
Deposit, non-resident (40%)
AED 112,000
Monthly over 25 years at 3.7%
AED 1,146

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →