406, Al Ramth 23
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Al Ramth 23
What is 406 worth today?
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Source: Dubai Land Department. Updated 1 August 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 758 sqft
- Floor
- 4th of 5
- Parking
- G-62
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 11,600 /yr
- Last sold
- AED 391K · June 2015
- Building
- Al Ramth 23
About 406, Al Ramth 23
406 is a one-bedroom apartment of 758 sqft on the 4th floor of Al Ramth 23, a 5-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 25 June 2015 for AED 390,793, or AED 515 per sqft, 48% below the AED 990 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 1 August 2025, is AED 65,000 a year: a gross yield of 16.6% on the 2015 price, before the service charge of about AED 11,600 a year.
Sales and rents for 406 over time
406 has sold once; the dashed line is the one-bed median of each year in the building.
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 23, and where 406 sits
All 20 1-beds →406 last sold in June 2015 at AED 515 per sqft, 48% below what one-beds in Al Ramth 23 were fetching at the time (AED 990). Over the last 12 months one-beds sold for AED 625,000 to 690,000, around AED 954 per sqft, and rent for AED 46,200 to 70,000 a year. 406's AED 65,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Aug 202613 August 2026 | 689 sqft | 625,000 | 907 | ||
| 14 Jan 202614 January 2026 | 689 sqft | 690,000 | 1,001 | ||
| 23 Oct 202523 October 2025 | 1,158 sqft | 700,000 | 604 | ||
| 4 Aug 20254 August 2025 | 777 sqft | 665,000 | 856 |
Al Ramth 23
Building45 apartments, studios to 3-bed over 5 floors in Remraam, completed in 2011 by Remraam. 4 sold in the last 12 months.
- Typical price per sqft
- AED 973
- Typical sale
- AED 820K
- Typical rent
- AED 66K /yr
- Typical yield
- 8.0%
Other units on the 4th floor
All 45 units in Al Ramth 23| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 689 sqft | AED 625KAED 625,000 · Aug 2026August 2026 | 66,000 /yr | |
| 402 | 1-bed | 758 sqft | AED 751KAED 751,000 · Nov 2014November 2014 | 60,000 /yr | |
| 403 | 1-bed | 758 sqft | AED 390KAED 390,000 · Dec 2020December 2020 | 68,250 /yr | |
| 404 | 2-bed | 1,006 sqft | AED 690KAED 690,000 · Aug 2023August 2023 | 70,350 /yr | |
| 405 | 2-bed | 1,006 sqft | AED 950KAED 950,000 · Dec 2025December 2025 | 53,000 /yr | |
| 407 | 1-bed | 758 sqft | AED 600KAED 600,000 · Dec 2023December 2023 | 57,000 /yr | |
| 408 | 1-bed | 665 sqft | AED 580KAED 580,000 · May 2025May 2025 | 54,000 /yr | |
| 409 | Studio | 468 sqft | AED 564KAED 564,000 · Nov 2014November 2014 | 42,000 /yr |
406, Al Ramth 23 in numbers
- Sold once: by Remraam on 25 June 2015 for AED 390,793, or AED 515 per sqft.
- Rented since August 2016 on 9 Ejari contracts. The rent fell from AED 60,000 to AED 33,000 in 2021 and recovered to AED 65,000 by August 2025.
- At AED 65,000 a year the gross yield on the 2015 price is 16.6%, before a service charge of about AED 11,600 a year (AED 15.34 per sqft).
- One-beds in Al Ramth 23 sold for AED 625,000–690,000 in the 12 months to November 2026; the building's median across all types is AED 973 per sqft.
Source: Dubai Land Department. Updated 1 August 2025.
Questions about 406, Al Ramth 23
What did unit 406 last sell for?
AED 390,793 on 25 June 2015, sold by the developer: AED 515 per sqft for 758 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 65,000 a year on the contract renewed on 1 August 2025. The previous contract, from August 2024, was AED 50,000; the unit has been rented since August 2016.
How big is unit 406?
758 sqft (70.4 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2011.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Ramth 23 sold for AED 625,000 to 690,000 in the last 12 months, around AED 954 per sqft.
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Mortgage on 406, Al Ramth 23
Starts from the last sale price (AED 391K, 25 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 390,793
- Deposit, UAE resident (20%)
- AED 78,159
- Deposit, non-resident (40%)
- AED 156,317
- Monthly over 25 years at 3.7%
- AED 1,599
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →