505, Al Ramth 53
Sold prices and rental history: sold 4 times, last in February 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Al Ramth 53
What is 505 worth today?
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Source: Dubai Land Department. Updated 10 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,009 sqft
- Floor
- 5th of 6
- Parking
- G-91
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 15,500 /yr
- Last sold
- AED 600K · February 2024
- Building
- Al Ramth 53
About 505, Al Ramth 53
505 is a two-bedroom apartment of 1,009 sqft on the 5th floor of Al Ramth 53, a 6-storey tower in Remraam completed in 2011 by Remraam. It last sold on 7 February 2024 for AED 600,000, or AED 594 per sqft, 8% below the AED 644 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 10 August 2024, is AED 59,000 a year: a gross yield of 9.8% on the 2024 price, before the service charge of about AED 15,500 a year.
Sales and rents for 505 over time
505 has sold 4 times; 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 53, and where 505 sits
All 22 2-beds →505 last sold in February 2024 at AED 594 per sqft, 8% below what two-beds in Al Ramth 53 were fetching at the time (AED 644). 505's AED 59,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 May 202519 May 2025 | 1,601 sqft | 965,000 | 602 | ||
| 18 Mar 202518 March 2025 | 1,149 sqft | 1,100,000 | 957 | ||
| 14 Dec 202414 December 2024 | 1,113 sqft | 830,000 | 746 | ||
| 19 Aug 202419 August 2024 | 1,149 sqft | 960,000 | 835 |
Al Ramth 53
Building57 apartments, studios to 3-bed over 6 floors in Remraam, completed in 2011 by Remraam. 2 sold in the last 12 months.
- Typical price per sqft
- AED 789
- Typical sale
- AED 693K
- Typical rent
- AED 63K /yr
- Typical yield
- 9.5%
Other units on the 5th floor
All 57 units in Al Ramth 53| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 669 sqft | AED 700KAED 700,280 · Oct 2013October 2013 | 45,000 /yr | |
| 502 | 1-bed | 755 sqft | AED 786KAED 786,380 · Oct 2013October 2013 | 51,500 /yr | |
| 503 | 1-bed | 755 sqft | AED 786KAED 786,380 · Oct 2013October 2013 | 48,024 /yr | |
| 504 | 2-bed | 1,009 sqft | AED 878KAED 878,302 · Oct 2014October 2014 | 59,000 /yr | |
| 506 | 1-bed | 755 sqft | AED 786KAED 786,380 · Oct 2013October 2013 | 50,400 /yr | |
| 507 | 1-bed | 755 sqft | AED 786KAED 786,380 · Oct 2013October 2013 | 46,200 /yr | |
| 508 | 1-bed | 668 sqft | AED 700KAED 700,280 · Oct 2013October 2013 | 50,400 /yr | |
| 509 | Studio | 401 sqft | AED 415KAED 415,280 · Oct 2013October 2013 | 37,500 /yr |
505, Al Ramth 53 in numbers
- Sold 4 times: first on 8 April 2009 for AED 1,338,379, last on 7 February 2024 for AED 600,000 (AED 594 per sqft).
- Rented since June 2018 on 7 Ejari contracts. The rent fell from AED 68,000 to AED 48,000 in 2021 and recovered to AED 59,000 by August 2024.
- At AED 59,000 a year the gross yield on the 2024 price is 9.8%, before a service charge of about AED 15,500 a year (AED 15.34 per sqft).
Source: Dubai Land Department. Updated 10 August 2024.
Questions about 505, Al Ramth 53
What did unit 505 last sell for?
AED 600,000 on 7 February 2024: AED 594 per sqft for 1,009 sqft. The unit has 4 registered sales; the first was AED 1,338,379 in April 2009.
What is the rent for unit 505?
AED 59,000 a year on the contract signed on 10 August 2024. The previous contract, from August 2023, was AED 55,000; the unit has been rented since June 2018.
How big is unit 505?
1,009 sqft (93.7 sqm): a two-bedroom apartment on the 5th floor of a 6-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.
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Mortgage on 505, Al Ramth 53
Starts from the last sale price (AED 600K, 7 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →