409, Al Ramth 03
Sold prices and rental history: sold 3 times, last in December 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 409, Al Ramth 03
What is 409 worth today?
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Source: Dubai Land Department. Updated 9 November 2023.
Key facts
- Type
- Studio apartment
- Size
- 312 sqft
- Floor
- 4th of 5
- Parking
- G-65
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 4,800 /yr
- Last sold
- AED 200K · December 2021
- Building
- Al Ramth 03
About 409, Al Ramth 03
409 is a studio of 312 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 200,000, or AED 640 per sqft, in line with the AED 640 studios in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 9 November 2023, is AED 29,150 a year: a gross yield of 14.6% on the 2021 price, before the service charge of about AED 4,800 a year.
Sales and rents for 409 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 03, and where 409 sits
All 4 studios →409 last sold in December 2021 at AED 640 per sqft, in line with what studios in Al Ramth 03 were fetching at the time (AED 640).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Mar 20233 March 2023 | 468 sqft | 270,000 | 576 | ||
| 25 Nov 202225 November 2022 | 468 sqft | 250,000 | 533 | ||
| 14 Dec 202114 December 2021 | 312 sqft | 200,000 | 640 | ||
| 8 Dec 20218 December 2021 | 468 sqft | 20,279 | 43 |
Al Ramth 03
Building44 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%
Other units on the 4th floor
All 44 units in Al Ramth 03| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 459 sqft | AED 290KAED 290,000 · Dec 2021December 2021 | 56,000 /yr | |
| 402 | 1-bed | 400 sqft | AED 320KAED 320,000 · Feb 2022February 2022 | 50,000 /yr | |
| 403 | 1-bed | 506 sqft | AED 320KAED 320,000 · Dec 2021December 2021 | 63,000 /yr | |
| 404 | 2-bed | 670 sqft | AED 460KAED 460,000 · Dec 2021December 2021 | 92,400 /yr | |
| 405 | 2-bed | 671 sqft | AED 430KAED 430,000 · Dec 2021December 2021 | 156,000 /yr | |
| 406 | 1-bed | 505 sqft | AED 320KAED 320,000 · Dec 2021December 2021 | 56,555 /yr | |
| 407 | 1-bed | 506 sqft | AED 320KAED 320,000 · Feb 2022February 2022 | 52,500 /yr | |
| 408 | 1-bed | 444 sqft | AED 280KAED 280,000 · Dec 2021December 2021 | 65,000 /yr |
409, Al Ramth 03 in numbers
- Sold 3 times: first on 22 April 2014 for AED 479,220, last on 14 December 2021 for AED 200,000 (AED 640 per sqft).
- Rented since April 2015 on 8 Ejari contracts. The rent fell from AED 45,000 to AED 23,000 in 2021 and recovered to AED 29,150 by November 2023.
- At AED 29,150 a year the gross yield on the 2021 price is 14.6%, before a service charge of about AED 4,800 a year (AED 15.34 per sqft).
Source: Dubai Land Department. Updated 9 November 2023.
Questions about 409, Al Ramth 03
What did unit 409 last sell for?
AED 200,000 on 14 December 2021: AED 640 per sqft for 312 sqft. The unit has 3 registered sales; the first was AED 479,220 in April 2014.
What is the rent for unit 409?
AED 29,150 a year on the contract renewed on 9 November 2023. The previous contract, from November 2022, was AED 26,500; the unit has been rented since April 2015.
How big is unit 409?
312 sqft (29.0 sqm): a studio on the 4th floor of a 5-storey tower completed in 2011.
What is unit 409 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 409, Al Ramth 03
Starts from the last sale price (AED 200K, 14 December 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 200,000
- Deposit, UAE resident (20%)
- AED 40,000
- Deposit, non-resident (40%)
- AED 80,000
- Monthly over 25 years at 3.7%
- AED 818
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →