508, Al Ramth 55
Sold prices and rental history: sold twice, last in March 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Al Ramth 55
What is 508 worth today?
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Source: Dubai Land Department. Updated 6 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 669 sqft
- Floor
- 5th of 5
- Parking
- G-73
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 10,300 /yr
- Last sold
- AED 300K · March 2017
- Building
- Al Ramth 55
About 508, Al Ramth 55
508 is a one-bedroom apartment of 669 sqft on the 5th floor of Al Ramth 55, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 30 March 2017 for AED 300,000, or AED 448 per sqft, 49% below the AED 875 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 6 August 2024, is AED 50,400 a year: a gross yield of 16.8% on the 2017 price, before the service charge of about AED 10,300 a year.
Sales and rents for 508 over time
508 has sold twice; the dashed line is the one-bed median of each year in the building.
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 55, and where 508 sits
All 22 1-beds →508 last sold in March 2017 at AED 448 per sqft, 49% below what one-beds in Al Ramth 55 were fetching at the time (AED 875). Over the last 12 months one-beds sold for AED 660,000, around AED 852 per sqft, and rent for AED 46,755 to 70,000 a year. 508's AED 50,400 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Apr 202617 April 2026 | 774 sqft | 660,000 | 852 | ||
| 21 May 202521 May 2025 | 1,156 sqft | 800,000 | 691 | ||
| 21 Jun 202421 June 2024 | 774 sqft | 580,000 | 749 | ||
| 8 Nov 20238 November 2023 | 774 sqft | 493,140 | 637 |
Al Ramth 55
Building48 apartments, studios to 3-bed over 5 floors in Remraam, completed in 2011 by Remraam. 3 sold in the last 12 months.
- Typical price per sqft
- AED 966
- Typical sale
- AED 975K
- Typical rent
- AED 56K /yr
- Typical yield
- 7.4%
Other units on the 5th floor
All 48 units in Al Ramth 55| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 668 sqft | AED 440KAED 440,000 · Nov 2022November 2022 | 52,000 /yr | |
| 502 | 1-bed | 774 sqft | AED 786KAED 786,380 · Jan 2015January 2015 | 47,817 /yr | |
| 503 | 1-bed | 774 sqft | AED 493KAED 493,140 · Nov 2023November 2023 | 40,000 /yr | |
| 504 | 2-bed | 1,113 sqft | AED 1.1MAED 1,100,000 · Jun 2022June 2022 | 90,000 /yr | |
| 505 | 2-bed | 1,113 sqft | AED 750KAED 750,000 · Sep 2023September 2023 | 68,607 /yr | |
| 506 | 1-bed | 774 sqft | AED 660KAED 660,000 · Apr 2026April 2026 | 43,560 /yr | |
| 507 | 1-bed | 774 sqft | AED 580KAED 580,000 · Jun 2024June 2024 | 44,000 /yr | |
| 509 | Studio | 401 sqft | AED 450KAED 450,000 · Oct 2025October 2025 | 38,000 /yr |
508, Al Ramth 55 in numbers
- Sold twice: first on 8 April 2009 for AED 918,052, last on 30 March 2017 for AED 300,000 (AED 448 per sqft).
- Rented since February 2014 on 6 Ejari contracts. The rent fell from AED 48,000 to AED 42,000 in 2023 and recovered to AED 50,400 by August 2024.
- At AED 50,400 a year the gross yield on the 2017 price is 16.8%, before a service charge of about AED 10,300 a year (AED 15.34 per sqft).
- One-beds in Al Ramth 55 sold for AED 660,000–660,000 in the 12 months to November 2026; the building's median across all types is AED 966 per sqft.
Source: Dubai Land Department. Updated 6 August 2024.
Questions about 508, Al Ramth 55
What did unit 508 last sell for?
AED 300,000 on 30 March 2017: AED 448 per sqft for 669 sqft. The unit has 2 registered sales; the first was AED 918,052 in April 2009.
What is the rent for unit 508?
AED 50,400 a year on the contract renewed on 6 August 2024. The previous contract, from August 2024, was AED 50,400; the unit has been rented since February 2014.
How big is unit 508?
669 sqft (62.2 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Ramth 55 sold for AED 660,000 to 660,000 in the last 12 months, around AED 852 per sqft.
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Mortgage on 508, Al Ramth 55
Starts from the last sale price (AED 300K, 30 March 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 300,000
- Deposit, UAE resident (20%)
- AED 60,000
- Deposit, non-resident (40%)
- AED 120,000
- Monthly over 25 years at 3.7%
- AED 1,227
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →