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2-bed · 1,001 sqftAl Ramth 28, Remraam · 5th floor · completed 2011

507, Al Ramth 28

Sold prices and rental history: sold 3 times, last in November 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 28 November 2024
Last soldAED 900K28 November 2024
Current rentAED 70K /yr25 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Al Ramth 28

What is 507 worth today?

Last sold for AED 900,000 in 2024

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28 Nov 2024SoldReady
AED 900,000AED 899 per sqft
25 Jun 2024RentedRenewal
AED 70,000/yr12 months · AED 70 per sqft
25 Jun 2023RentedNew contract
AED 70,000/yr12 months · AED 70 per sqft
24 Jan 2016SoldReady
AED 775,000AED 774 per sqft
14 Sep 2015Sold by developerReady
AED 1,046,000AED 1,045 per sqft

Source: Dubai Land Department. Updated 28 November 2024.

Key facts

Type
2-bed apartment
Size
1,001 sqft
Floor
5th of 7
Parking
G-124
Developer
Remraam
Completed
2011
Service charge
AED 15,300 /yr
Last sold
AED 900K · November 2024
Building
Al Ramth 28

About 507, Al Ramth 28

507 is a two-bedroom apartment of 1,001 sqft on the 5th floor of Al Ramth 28, a 7-storey tower in Remraam completed in 2011 by Remraam. It last sold on 28 November 2024 for AED 900,000, or AED 899 per sqft, 13% above the AED 798 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 25 June 2024, is AED 70,000 a year: a gross yield of 7.8% on the 2024 price, before the service charge of about AED 15,300 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical two-bed in Al Ramth 28
750K1M1.25M2009201420192024Typical sale price by year: 2009 AED 1,269,992; 2014 AED 1,052,000; 2015 AED 1,046,000; 2024 AED 825,000Sold by developer, September 2015: AED 1,046,000 (AED 1,045 per sqft)Sold, January 2016: AED 775,000 (AED 774 per sqft)Sold, November 2024: AED 900,000 (AED 899 per sqft)

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

Rents
Unit 507, each contractTypical two-bed in Al Ramth 28
40K60K80K2014201820222026Typical rent by year: 2014 AED 80,000; 2015 AED 79,000; 2016 AED 80,000; 2017 AED 80,000; 2018 AED 69,000; 2019 AED 65,000; 2020 AED 50,000; 2021 AED 46,500; 2022 AED 52,000; 2023 AED 58,245; 2024 AED 65,200; 2025 AED 74,980; 2026 AED 85,250New contract, June 2023: AED 70,000 a yearRenewal, June 2024: AED 70,000 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 28, and where 507 sits

All 20 2-beds →

507 last sold in November 2024 at AED 899 per sqft, 13% above what two-beds in Al Ramth 28 were fetching at the time (AED 798). 507's AED 70,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Jun 2025955,000
16 Oct 2024850,000
12 Sep 2024870,000
6 Sep 20241,050,000
0 2-bed sales in the last 12 months

Al Ramth 28

Building

77 apartments, studios to 3-bed over 7 floors in Remraam, completed in 2011 by Remraam. 6 sold in the last 12 months.

Typical price per sqft
AED 968
Typical sale
AED 498K
Typical rent
AED 52K /yr
Typical yield
7.7%
Al Ramth 28, Remraam: prices, sales and rents →

Other units on the 5th floor

All 77 units in Al Ramth 28
Value
501StudioAED 223K · Feb 2015
5021-bedAED 823K · Apr 2016
5031-bedAED 350K · Nov 2015
5042-bedAED 1.05M · Jun 2014
5051-bedAED 595K · Jun 2014
5061-bedAED 640K · Mar 2017
5081-bedAED 341K · Apr 2014
1–7 of 10

507, Al Ramth 28 in numbers

  • Sold 3 times: first on 14 September 2015 for AED 1,046,000, last on 28 November 2024 for AED 900,000 (AED 899 per sqft).
  • Rented since June 2023 on 2 Ejari contracts, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2024 price is 7.8%, before a service charge of about AED 15,300 a year (AED 15.34 per sqft).

Source: Dubai Land Department. Updated 28 November 2024.

Questions about 507, Al Ramth 28

What did unit 507 last sell for?

AED 900,000 on 28 November 2024: AED 899 per sqft for 1,001 sqft. The unit has 3 registered sales; the first was AED 1,046,000 in September 2015.

What is the rent for unit 507?

AED 70,000 a year on the contract renewed on 25 June 2024. The previous contract, from June 2023, was AED 70,000.

How big is unit 507?

1,001 sqft (93.0 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2011.

What is unit 507 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 507, Al Ramth 28

Starts from the last sale price (AED 900K, 28 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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