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1-bed · 756 sqftAl Ramth 41, Remraam · 4th floor · completed 2011

406, Al Ramth 41

Sold prices and rental history: sold once, by the developer in January 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 1 February 2023
Last soldAED 655K13 January 2014
Current rentAED 35K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, Al Ramth 41

What is 406 worth today?

Last sold for AED 654,820 in 2014

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1 Feb 2023RentedNew contract
AED 35,000/yr12 months · AED 46 per sqft
18 Oct 2021RentedRenewal
AED 35,000/yr12 months · AED 46 per sqft
19 Oct 2020RentedRenewal
AED 35,097/yr12 months · AED 47 per sqft
19 Oct 2019RentedNew contract
AED 35,000/yr12 months · AED 46 per sqft
1 Mar 2019RentedNew contract
AED 41,000/yr12 months · AED 54 per sqft
25 Dec 2017RentedNew contract
AED 50,000/yr12 months · AED 66 per sqft
12 Mar 2016RentedNew contract
AED 57,000/yr12 months · AED 76 per sqft
12 Mar 2015RentedRenewal
AED 57,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 1 February 2023.

Key facts

Type
1-bed apartment
Size
756 sqft
Floor
4th of 5
Parking
G-125
Developer
Remraam
Completed
2011
Service charge
AED 11,600 /yr
Last sold
AED 655K · January 2014
Building
Al Ramth 41

About 406, Al Ramth 41

406 is a one-bedroom apartment of 756 sqft on the 4th floor of Al Ramth 41, a 5-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 13 January 2014 for AED 654,820, or AED 866 per sqft, in line with the AED 866 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 1 February 2023, is AED 35,000 a year: a gross yield of 5.3% on the 2014 price, before the service charge of about AED 11,600 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical one-bed in Al Ramth 41
600K800K20092013201720212025Typical sale price by year: 2009 AED 888,162; 2013 AED 583,397; 2014 AED 673,892; 2015 AED 591,300; 2018 AED 520,000; 2023 AED 490,000; 2024 AED 582,000Sold by developer, January 2014: AED 654,820 (AED 866 per sqft)

406 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 406, each contractTypical one-bed in Al Ramth 41
40K60K2014201820222026Typical rent by year: 2014 AED 57,000; 2015 AED 58,500; 2016 AED 61,000; 2017 AED 55,000; 2018 AED 50,000; 2019 AED 43,000; 2020 AED 35,549; 2021 AED 34,000; 2022 AED 36,000; 2023 AED 39,550; 2024 AED 54,500; 2025 AED 58,000; 2026 AED 57,000New contract, March 2014: AED 57,000 a yearRenewal, March 2015: AED 57,000 a yearNew contract, March 2016: AED 57,000 a yearNew contract, December 2017: AED 50,000 a yearNew contract, March 2019: AED 41,000 a yearNew contract, October 2019: AED 35,000 a yearRenewal, October 2020: AED 35,097 a yearRenewal, October 2021: AED 35,000 a yearNew contract, February 2023: AED 35,000 a year

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 41, and where 406 sits

All 21 1-beds →

406 last sold in January 2014 at AED 866 per sqft, in line with what one-beds in Al Ramth 41 were fetching at the time (AED 866). 406's AED 35,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Oct 2024500,000
2 Sep 2024680,000
10 Jun 2024620,000
23 May 2024520,000
0 1-bed sales in the last 12 months

Al Ramth 41

Building

43 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 926
Typical sale
AED 935K
Typical rent
AED 65K /yr
Typical yield
8.1%
Al Ramth 41, Remraam: prices, sales and rents →

Other units on the 4th floor

All 43 units in Al Ramth 41
Value
4011-bedAED 500K · Oct 2024
4021-bedAED 490K · Aug 2023
4031-bedAED 655K · Jan 2014
4042-bedAED 873K · Oct 2013
4052-bedAED 500K · Nov 2014
4071-bedAED 450K · Mar 2023
4081-bedAED 662K · Jun 2014
1–7 of 8

406, Al Ramth 41 in numbers

  • Sold once: by Remraam on 13 January 2014 for AED 654,820, or AED 866 per sqft.
  • Rented since March 2014 on 9 Ejari contracts, from AED 57,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2014 price is 5.3%, before a service charge of about AED 11,600 a year (AED 15.34 per sqft).

Source: Dubai Land Department. Updated 1 February 2023.

Questions about 406, Al Ramth 41

What did unit 406 last sell for?

AED 654,820 on 13 January 2014, sold by the developer: AED 866 per sqft for 756 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 35,000 a year on the contract signed on 1 February 2023. The previous contract, from October 2021, was AED 35,000; the unit has been rented since March 2014.

How big is unit 406?

756 sqft (70.2 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.

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Mortgage on 406, Al Ramth 41

Starts from the last sale price (AED 655K, 13 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 654,820
Deposit, UAE resident (20%)
AED 130,964
Deposit, non-resident (40%)
AED 261,928
Monthly over 25 years at 3.7%
AED 2,679

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