505, Al Ramth 23
Sold prices and rental history: sold once, by the developer in January 2016, 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 505, Al Ramth 23
What is 505 worth today?
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Source: Dubai Land Department. Updated 15 March 2026.
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 1.1M · January 2016
- Building
- Al Ramth 23
About 505, Al Ramth 23
505 is a two-bedroom apartment of 1,109 sqft on the 5th floor of Al Ramth 23, a 5-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 4 January 2016 for AED 1,104,000, or AED 995 per sqft, 18% above the AED 843 two-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 15 March 2026, is AED 80,000 a year: a gross yield of 7.2% on the 2016 price, before the service charge of about AED 17,000 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the two-bed median of each year in the building.
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 23, and where 505 sits
All 15 2-beds →505 last sold in January 2016 at AED 995 per sqft, 18% above what two-beds in Al Ramth 23 were fetching at the time (AED 843). Over the last 12 months two-beds sold for AED 950,000 to 1,140,000, around AED 986 per sqft, and rent for AED 70,000 to 87,490 a year. 505's AED 80,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Jan 20262 January 2026 | 1,109 sqft | 1,140,000 | 1,027 | ||
| 26 Dec 202526 December 2025 | 1,006 sqft | 950,000 | 944 | ||
| 21 Aug 202521 August 2025 | 1,006 sqft | 890,000 | 885 | ||
| 18 Jun 202518 June 2025 | 1,006 sqft | 875,000 | 870 |
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 5th floor
All 45 units in Al Ramth 23| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 689 sqft | AED 690KAED 690,000 · Jan 2026January 2026 | 58,000 /yr | |
| 502 | 1-bed | 777 sqft | AED 505KAED 505,000 · Oct 2023October 2023 | 35,000 /yr | |
| 503 | 1-bed | 777 sqft | AED 460KAED 460,000 · Jun 2024June 2024 | 65,000 /yr | |
| 504 | 2-bed | 1,109 sqft | AED 1.14MAED 1,140,000 · Jan 2026January 2026 | 67,000 /yr | |
| 506 | 1-bed | 777 sqft | AED 365KAED 365,000 · Oct 2020October 2020 | 46,200 /yr | |
| 507 | 1-bed | 777 sqft | AED 665KAED 665,000 · Aug 2025August 2025 | ||
| 508 | 1-bed | 665 sqft | AED 560KAED 560,000 · Jul 2025July 2025 | 55,000 /yr | |
| 509 | Studio | 468 sqft | AED 564KAED 564,000 · Oct 2014October 2014 | 40,000 /yr |
505, Al Ramth 23 in numbers
- Sold once: by Remraam on 4 January 2016 for AED 1,104,000, or AED 995 per sqft.
- Rented since February 2016 on 9 Ejari contracts. The rent fell from AED 77,000 to AED 52,000 in 2020 and recovered to AED 80,000 by March 2026.
- At AED 80,000 a year the gross yield on the 2016 price is 7.2%, before a service charge of about AED 17,000 a year (AED 15.34 per sqft).
- Two-beds in Al Ramth 23 sold for AED 950,000–1,140,000 in the 12 months to November 2026; the building's median across all types is AED 973 per sqft.
Source: Dubai Land Department. Updated 15 March 2026.
Questions about 505, Al Ramth 23
What did unit 505 last sell for?
AED 1,104,000 on 4 January 2016, sold by the developer: AED 995 per sqft for 1,109 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 80,000 a year on the contract renewed on 15 March 2026. The previous contract, from March 2025, was AED 80,000; the unit has been rented since February 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. Two-beds in Al Ramth 23 sold for AED 950,000 to 1,140,000 in the last 12 months, around AED 986 per sqft.
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Mortgage on 505, Al Ramth 23
Starts from the last sale price (AED 1.1M, 4 January 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,104,000
- Deposit, UAE resident (20%)
- AED 220,800
- Deposit, non-resident (40%)
- AED 441,600
- Monthly over 25 years at 3.7%
- AED 4,517
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →