2-bed · 1,149 sqftAl Ramth 59, Remraam · 3rd floor · completed 2011

302, Al Ramth 59

Sold prices and rental history: sold 6 times, last in September 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 16 September 2024
Last soldAED 1.12M16 September 2024
Current rentAED 61K /yr9 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Al Ramth 59

What is 302 worth today?

Last sold for AED 1,120,635 in 2024

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16 Sep 2024SoldReady
AED 1,120,635AED 975 per sqft
2 Jul 2024SoldReady
AED 498,000AED 433 per sqft
9 Mar 2024RentedRenewal
AED 60,700/yr12 months · AED 53 per sqft
10 Mar 2023RentedRenewal
AED 57,916/yr12 months · AED 50 per sqft
10 Mar 2022RentedRenewal
AED 55,000/yr12 months · AED 48 per sqft
10 Mar 2021RentedNew contract
AED 52,000/yr12 months · AED 45 per sqft
1 Feb 2020RentedNew contract
AED 81,699/yr14 months · AED 71 per sqft
28 Sep 2018RentedRenewal
AED 80,000/yr13 months · AED 70 per sqft

Source: Dubai Land Department. Updated 16 September 2024.

Key facts

Type
2-bed apartment
Size
1,149 sqft
Floor
3rd of 6
Parking
G-49
Developer
Remraam
Completed
2011
Service charge
AED 17,600 /yr
Last sold
AED 1.12M · September 2024
Building
Al Ramth 59

About 302, Al Ramth 59

302 is a two-bedroom apartment of 1,149 sqft on the 3rd floor of Al Ramth 59, a 6-storey tower in Remraam completed in 2011 by Remraam. It last sold on 16 September 2024 for AED 1,120,635, or AED 975 per sqft, 97% above the AED 495 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 9 March 2024, is AED 60,700 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 17,600 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical two-bed in Al Ramth 59
500K1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,475,979; 2013 AED 1,132,725; 2014 AED 1,132,725; 2015 AED 826,286; 2024 AED 693,296; 2025 AED 1,423,319; 2026 AED 1,423,319Sold by developer, April 2009: AED 1,539,400 (AED 1,339 per sqft)Sold, May 2013: AED 1,159,920 (AED 1,009 per sqft)Sold, August 2014: AED 1,159,920 (AED 1,009 per sqft)Sold, September 2015: AED 899,171 (AED 782 per sqft)Sold, July 2024: AED 498,000 (AED 433 per sqft)Sold, September 2024: AED 1,120,635 (AED 975 per sqft)

302 has sold 6 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 302, each contractTypical two-bed in Al Ramth 59
40K60K80K2013201720212025Typical rent by year: 2013 AED 39,119; 2017 AED 73,846; 2018 AED 70,000; 2019 AED 75,000; 2020 AED 73,589; 2021 AED 52,000; 2022 AED 56,000; 2023 AED 58,964; 2024 AED 63,756; 2025 AED 78,730; 2026 AED 78,000New contract, July 2013: AED 40,535 a yearNew contract, August 2017: AED 73,846 a yearRenewal, September 2018: AED 80,000 a yearNew contract, February 2020: AED 81,699 a yearNew contract, March 2021: AED 52,000 a yearRenewal, March 2022: AED 55,000 a yearRenewal, March 2023: AED 57,916 a yearRenewal, March 2024: AED 60,700 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 59, and where 302 sits

All 22 2-beds →

302 last sold in September 2024 at AED 975 per sqft, 97% above what two-beds in Al Ramth 59 were fetching at the time (AED 495). Over the last 12 months two-beds sold for AED 1,385,863 to 1,478,363, around AED 925 per sqft, and rent for AED 60,500 to 85,000 a year. 302's AED 60,700 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Feb 20261,438,407
19 Jan 20261,423,319
12 Jan 20261,385,863
25 Dec 20251,478,363
4 2-bed sales in the last 12 months

Al Ramth 59

Building

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

Typical price per sqft
AED 916
Typical sale
AED 1.43M
Typical rent
AED 61K /yr
Typical yield
8.8%
Al Ramth 59, Remraam: prices, sales and rents →

Other units on the 3rd floor

All 57 units in Al Ramth 59
Value
3011-bedAED 689K · Sep 2024
3032-bedAED 1.13M · Nov 2024
3042-bedAED 980K · Nov 2024
3052-bedAED 980K · Sep 2024
3062-bedAED 1.13M · Oct 2024
3072-bedAED 1.12M · Aug 2024
3081-bedAED 665K · Sep 2024
1–7 of 8

302, Al Ramth 59 in numbers

  • Sold 6 times: first on 7 April 2009 for AED 1,539,400, last on 16 September 2024 for AED 1,120,635 (AED 975 per sqft).
  • Rented since July 2013 on 8 Ejari contracts, from AED 40,535 to AED 60,700 a year.
  • At AED 60,700 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 17,600 a year (AED 15.34 per sqft).
  • Two-beds in Al Ramth 59 sold for AED 1,385,863–1,478,363 in the 12 months to November 2026; the building's median across all types is AED 916 per sqft.

Source: Dubai Land Department. Updated 16 September 2024.

Questions about 302, Al Ramth 59

What did unit 302 last sell for?

AED 1,120,635 on 16 September 2024: AED 975 per sqft for 1,149 sqft. The unit has 6 registered sales; the first was AED 1,539,400 in April 2009.

What is the rent for unit 302?

AED 60,700 a year on the contract renewed on 9 March 2024. The previous contract, from March 2023, was AED 57,916; the unit has been rented since July 2013.

How big is unit 302?

1,149 sqft (106.7 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2011.

What is unit 302 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 59 sold for AED 1,385,863 to 1,478,363 in the last 12 months, around AED 925 per sqft.

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Mortgage on 302, Al Ramth 59

Starts from the last sale price (AED 1.12M, 16 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,120,635
Deposit, UAE resident (20%)
AED 224,127
Deposit, non-resident (40%)
AED 448,254
Monthly over 25 years at 3.7%
AED 4,585

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