2-bed · 1,498 sqftAl Thamam 01, Remraam · 2nd floor · completed 2011

203, Al Thamam 01

Sold prices and rental history: sold 4 times, last in January 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 9 January 2023
Last soldAED 810K9 January 2023
Current rentAED 54K /yr26 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, Al Thamam 01

What is 203 worth today?

Last sold for AED 810,000 in 2023

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9 Jan 2023SoldReady
AED 810,000AED 540 per sqft
26 Nov 2021RentedRenewal
AED 54,000/yr13 months · AED 36 per sqft
2 Feb 2021SoldReady
AED 674,236AED 450 per sqft
26 Oct 2020RentedNew contract
AED 54,000/yr13 months · AED 36 per sqft
16 Aug 2019RentedRenewal
AED 70,000/yr12 months · AED 47 per sqft
16 Aug 2018RentedRenewal
AED 80,000/yr12 months · AED 53 per sqft
16 Aug 2017RentedRenewal
AED 80,000/yr12 months · AED 53 per sqft
16 Aug 2016RentedNew contract
AED 80,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 9 January 2023.

Key facts

Type
2-bed apartment
Size
1,498 sqft
Floor
2nd of 5
Parking
G-120
Developer
Remraam
Completed
2011
Service charge
AED 24,100 /yr
Last sold
AED 810K · January 2023
Building
Al Thamam 01

About 203, Al Thamam 01

203 is a two-bedroom apartment of 1,498 sqft on the 2nd floor of Al Thamam 01, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 9 January 2023 for AED 810,000, or AED 540 per sqft, 5% below the AED 567 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 26 November 2021, is AED 54,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 24,100 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical two-bed in Al Thamam 01
500K1M2011201520192023Typical sale price by year: 2011 AED 1,003,665; 2012 AED 1,003,665; 2021 AED 499,174; 2022 AED 623,500; 2023 AED 875,000Sold by developer, December 2011: AED 1,185,803 (AED 791 per sqft)Sold, August 2012: AED 1,185,803 (AED 791 per sqft)Sold, February 2021: AED 674,236 (AED 450 per sqft)Sold, January 2023: AED 810,000 (AED 540 per sqft)

203 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 203, each contractTypical two-bed in Al Thamam 01
40K60K80K2012201620202024Typical rent by year: 2012 AED 41,000; 2013 AED 42,000; 2014 AED 48,875; 2015 AED 56,580; 2016 AED 65,463; 2017 AED 71,000; 2018 AED 69,000; 2019 AED 63,000; 2020 AED 55,000; 2021 AED 54,500; 2022 AED 54,000; 2023 AED 60,000; 2024 AED 80,750; 2025 AED 77,500; 2026 AED 80,000New contract, August 2012: AED 45,000 a yearRenewal, August 2013: AED 45,000 a yearRenewal, August 2014: AED 51,750 a yearRenewal, August 2015: AED 59,512 a yearNew contract, August 2016: AED 80,000 a yearRenewal, August 2017: AED 80,000 a yearRenewal, August 2018: AED 80,000 a yearRenewal, August 2019: AED 70,000 a yearNew contract, October 2020: AED 54,000 a yearRenewal, November 2021: AED 54,000 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 Thamam 01, and where 203 sits

All 16 2-beds →

203 last sold in January 2023 at AED 540 per sqft, 5% below what two-beds in Al Thamam 01 were fetching at the time (AED 567). Over the last 12 months two-beds sold for AED 1,040,000 to 1,125,000, around AED 1,076 per sqft, and rent for AED 65,412 to 102,000 a year. 203's AED 54,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Mar 20261,125,000
14 Nov 20251,040,000
27 Oct 2023875,000
25 Sep 2023915,000
2 2-bed sales in the last 12 months

Al Thamam 01

Building

48 apartments, studios to 3-bed over 5 floors in Remraam, completed in 2011 by Remraam. 4 sold in the last 12 months.

Typical price per sqft
AED 1,061
Typical sale
AED 855K
Typical rent
AED 70K /yr
Typical yield
7.3%
Al Thamam 01, Remraam: prices, sales and rents →

Other units on the 2nd floor

All 48 units in Al Thamam 01
Value
2011-bedAED 600K · Apr 2025
2022-bedAED 810K · Jun 2023
2042-bedAED 300K · Feb 2022
2052-bedAED 627K · Nov 2022
2062-bedAED 875K · Oct 2023
2072-bedAED 825K · Nov 2022
2081-bedAED 415K · May 2023
1–7 of 8

203, Al Thamam 01 in numbers

  • Sold 4 times: first on 6 December 2011 for AED 1,185,803, last on 9 January 2023 for AED 810,000 (AED 540 per sqft).
  • Rented since August 2012 on 10 Ejari contracts, from AED 45,000 to AED 54,000 a year.
  • At AED 54,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 24,100 a year (AED 16.07 per sqft).
  • Two-beds in Al Thamam 01 sold for AED 1,040,000–1,125,000 in the 12 months to November 2026; the building's median across all types is AED 1,061 per sqft.

Source: Dubai Land Department. Updated 9 January 2023.

Questions about 203, Al Thamam 01

What did unit 203 last sell for?

AED 810,000 on 9 January 2023: AED 540 per sqft for 1,498 sqft. The unit has 4 registered sales; the first was AED 1,185,803 in December 2011.

What is the rent for unit 203?

AED 54,000 a year on the contract renewed on 26 November 2021. The previous contract, from October 2020, was AED 54,000; the unit has been rented since August 2012.

How big is unit 203?

1,498 sqft (139.2 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2011.

What is unit 203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Thamam 01 sold for AED 1,040,000 to 1,125,000 in the last 12 months, around AED 1,076 per sqft.

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Mortgage on 203, Al Thamam 01

Starts from the last sale price (AED 810K, 9 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 810,000
Deposit, UAE resident (20%)
AED 162,000
Deposit, non-resident (40%)
AED 324,000
Monthly over 25 years at 3.7%
AED 3,314

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