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2-bed · 1,598 sqftAl Ramth 47, Remraam · Ground floor · completed 2011

G02, Al Ramth 47

Sold prices and rental history: sold twice, last in April 2021, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G02 · DLD and Ejari recordsUpdated 13 April 2021
Last soldAED 620K13 April 2021
Current rentAED 65K /yr1 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G02, Al Ramth 47

What is G02 worth today?

Last sold for AED 620,000 in 2021

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13 Apr 2021SoldReady
AED 620,000AED 387 per sqft
1 Jan 2019RentedNew contract
AED 65,000/yr12 months · AED 41 per sqft
26 Oct 2017RentedNew contract
AED 85,000/yr12 months · AED 53 per sqft
9 Sep 2015RentedNew contract
AED 93,000/yr12 months · AED 58 per sqft
18 May 2015Sold by developerReady
AED 1,175,000AED 735 per sqft

Source: Dubai Land Department. Updated 13 April 2021.

Key facts

Type
2-bed apartment
Size
1,598 sqft
Floor
Ground of 5
Parking
G-37
Developer
Remraam
Completed
2011
Service charge
AED 24,500 /yr
Last sold
AED 620K · April 2021
Building
Al Ramth 47

About G02, Al Ramth 47

G02 is a two-bedroom apartment of 1,598 sqft on the ground floor of Al Ramth 47, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 13 April 2021 for AED 620,000, or AED 387 per sqft, 24% below the AED 510 two-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 1 January 2019, is AED 65,000 a year: a gross yield of 10.5% on the 2021 price, before the service charge of about AED 24,500 a year.

Sales and rents for G02 over time

Sales
Unit G02, each saleTypical two-bed in Al Ramth 47
500K1M1.5M2011201420172020Typical sale price by year: 2011 AED 1,493,400; 2013 AED 1,278,805; 2014 AED 996,000; 2015 AED 1,104,000; 2016 AED 1,070,000Sold by developer, May 2015: AED 1,175,000 (AED 735 per sqft)Sold, April 2021: AED 620,000 (AED 387 per sqft)

G02 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit G02, each contractTypical two-bed in Al Ramth 47
50K75K100K2014201820222026Typical rent by year: 2014 AED 75,000; 2015 AED 75,000; 2016 AED 80,074; 2017 AED 75,000; 2018 AED 71,000; 2019 AED 60,000; 2020 AED 53,000; 2021 AED 46,500; 2022 AED 53,000; 2023 AED 60,540; 2024 AED 67,350; 2025 AED 80,500; 2026 AED 83,215New contract, September 2015: AED 93,000 a yearNew contract, October 2017: AED 85,000 a yearNew contract, January 2019: AED 65,000 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 47, and where G02 sits

All 16 2-beds →

G02 last sold in April 2021 at AED 387 per sqft, 24% below what two-beds in Al Ramth 47 were fetching at the time (AED 510). Over the last 12 months two-beds sold for AED 1,375,000, around AED 917 per sqft, and rent for AED 67,315 to 100,000 a year. G02's AED 65,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Mar 20261,375,000
8 Feb 2024950,000
12 Dec 2023950,000
3 Aug 20231,050,000
1 2-bed sale in the last 12 months

Al Ramth 47

Building

43 apartments, studios to 3-bed over 5 floors in Remraam, completed in 2011 by Remraam. 6 sold in the last 12 months.

Typical price per sqft
AED 905
Typical sale
AED 615K
Typical rent
AED 54K /yr
Typical yield
7.7%
Al Ramth 47, Remraam: prices, sales and rents →

Other units on the ground floor

All 43 units in Al Ramth 47
Value
G032-bedAED 640K · Jun 2021
G043-bedAED 1.67M · Sep 2014

G02, Al Ramth 47 in numbers

  • Sold twice: first on 18 May 2015 for AED 1,175,000, last on 13 April 2021 for AED 620,000 (AED 387 per sqft).
  • Rented since September 2015 on 3 Ejari contracts, from AED 93,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2021 price is 10.5%, before a service charge of about AED 24,500 a year (AED 15.34 per sqft).
  • Two-beds in Al Ramth 47 sold for AED 1,375,000–1,375,000 in the 12 months to November 2026; the building's median across all types is AED 905 per sqft.

Source: Dubai Land Department. Updated 13 April 2021.

Questions about G02, Al Ramth 47

What did unit G02 last sell for?

AED 620,000 on 13 April 2021: AED 387 per sqft for 1,598 sqft. The unit has 2 registered sales; the first was AED 1,175,000 in May 2015.

What is the rent for unit G02?

AED 65,000 a year on the contract signed on 1 January 2019. The previous contract, from October 2017, was AED 85,000; the unit has been rented since September 2015.

How big is unit G02?

1,598 sqft (148.5 sqm): a two-bedroom apartment on the ground floor of a 5-storey tower completed in 2011.

What is unit G02 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 47 sold for AED 1,375,000 to 1,375,000 in the last 12 months, around AED 917 per sqft.

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Mortgage on G02, Al Ramth 47

Starts from the last sale price (AED 620K, 13 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 620,000
Deposit, UAE resident (20%)
AED 124,000
Deposit, non-resident (40%)
AED 248,000
Monthly over 25 years at 3.7%
AED 2,537

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