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2-bed · 1,109 sqftAl Ramth 03, Remraam · 5th floor · completed 2011

505, Al Ramth 03

Sold prices and rental history: sold 3 times, last in February 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 18 February 2021
Last soldAED 580K18 February 2021
Current rentAED 48K /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Al Ramth 03

What is 505 worth today?

Last sold for AED 580,000 in 2021

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18 Feb 2021SoldReady
AED 580,000AED 522 per sqft
1 Aug 2020RentedNew contract
AED 48,000/yr12 months · AED 43 per sqft
27 Jun 2019RentedNew contract
AED 53,500/yr12 months · AED 48 per sqft
2 Apr 2019SoldReady
AED 650,000AED 586 per sqft
2 Jan 2017RentedRenewal
AED 80,216/yr12 months · AED 72 per sqft
1 Jan 2016RentedNew contract
AED 79,786/yr12 months · AED 72 per sqft
9 Dec 2014Sold by developerReady
AED 1,104,000AED 995 per sqft

Source: Dubai Land Department. Updated 18 February 2021.

Key facts

Type
2-bed apartment
Size
1,109 sqft
Floor
5th of 5
Parking
G-70
Developer
Remraam
Completed
2011
Service charge
AED 17,000 /yr
Last sold
AED 580K · February 2021
Building
Al Ramth 03

About 505, Al Ramth 03

505 is a two-bedroom apartment of 1,109 sqft on the 5th floor of Al Ramth 03, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 18 February 2021 for AED 580,000, or AED 522 per sqft.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 1 August 2020, is AED 48,000 a year: a gross yield of 8.3% on the 2021 price, before the service charge of about AED 17,000 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in Al Ramth 03
500K1M2014201720202023Typical sale price by year: 2014 AED 1,014,675; 2015 AED 986,000; 2016 AED 1,002,225; 2021 AED 460,000; 2024 AED 950,000Sold by developer, December 2014: AED 1,104,000 (AED 995 per sqft)Sold, April 2019: AED 650,000 (AED 586 per sqft)Sold, February 2021: AED 580,000 (AED 522 per sqft)

505 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 505, each contractTypical two-bed in Al Ramth 03
60K80K2014201820222026Typical rent by year: 2014 AED 77,000; 2015 AED 80,000; 2016 AED 80,000; 2017 AED 77,500; 2018 AED 75,000; 2019 AED 64,500; 2020 AED 56,000; 2021 AED 49,000; 2022 AED 64,000; 2023 AED 66,600; 2024 AED 82,000; 2025 AED 78,000; 2026 AED 72,500New contract, January 2016: AED 79,786 a yearRenewal, January 2017: AED 80,216 a yearNew contract, June 2019: AED 53,500 a yearNew contract, August 2020: AED 48,000 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 Al Ramth 03, and where 505 sits

All 14 2-beds →

505's AED 48,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Jul 20241,045,000
2 Jul 2024950,000
10 Jan 2024850,000
10 May 2023623,130
0 2-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 5th floor

All 44 units in Al Ramth 03
Value
5011-bedAED 686K · Dec 2014
5021-bedAED 330K · Dec 2021
5031-bedAED 330K · Dec 2021
5042-bedAED 1.09M · Dec 2016
5071-bedAED 620K · Jul 2024
5081-bedAED 662K · Dec 2014
509StudioAED 250K · Nov 2022

505, Al Ramth 03 in numbers

  • Sold 3 times: first on 9 December 2014 for AED 1,104,000, last on 18 February 2021 for AED 580,000 (AED 522 per sqft).
  • Rented since January 2016 on 4 Ejari contracts, from AED 79,786 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2021 price is 8.3%, before a service charge of about AED 17,000 a year (AED 15.34 per sqft).

Source: Dubai Land Department. Updated 18 February 2021.

Questions about 505, Al Ramth 03

What did unit 505 last sell for?

AED 580,000 on 18 February 2021: AED 522 per sqft for 1,109 sqft. The unit has 3 registered sales; the first was AED 1,104,000 in December 2014.

What is the rent for unit 505?

AED 48,000 a year on the contract signed on 1 August 2020. The previous contract, from June 2019, was AED 53,500; the unit has been rented since January 2016.

How big is unit 505?

1,109 sqft (103.0 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.

What is unit 505 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 505, Al Ramth 03

Starts from the last sale price (AED 580K, 18 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 580,000
Deposit, UAE resident (20%)
AED 116,000
Deposit, non-resident (40%)
AED 232,000
Monthly over 25 years at 3.7%
AED 2,373

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