2-bed · 1,598 sqftAl Thamam 01, Remraam · Ground floor · completed 2011

G03, Al Thamam 01

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

Unit G03 · DLD and Ejari recordsUpdated 6 September 2023
Last soldAED 890K6 September 2023
Current rentAED 50K /yr17 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G03, Al Thamam 01

What is G03 worth today?

Last sold for AED 890,000 in 2023

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6 Sep 2023SoldReady
AED 890,000AED 556 per sqft
2 Feb 2021SoldReady
AED 719,237AED 450 per sqft
17 Dec 2020RentedNew contract
AED 50,000/yr13 months · AED 31 per sqft
6 Sep 2019RentedNew contract
AED 62,000/yr12 months · AED 39 per sqft
7 Apr 2018RentedNew contract
AED 70,000/yr12 months · AED 44 per sqft
21 Mar 2017RentedRenewal
AED 78,000/yr12 months · AED 49 per sqft
21 Mar 2016RentedNew contract
AED 78,000/yr12 months · AED 49 per sqft
8 Mar 2015RentedNew contract
AED 86,000/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 6 September 2023.

Key facts

Type
2-bed apartment
Size
1,598 sqft
Floor
Ground of 5
Parking
G-2
Developer
Remraam
Completed
2011
Service charge
AED 25,700 /yr
Last sold
AED 890K · September 2023
Building
Al Thamam 01

About G03, Al Thamam 01

G03 is a two-bedroom apartment of 1,598 sqft on the ground floor of Al Thamam 01, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 6 September 2023 for AED 890,000, or AED 556 per sqft, in line with the AED 550 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 17 December 2020, is AED 50,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 25,700 a year.

Sales and rents for G03 over time

Sales
Unit G03, 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 1,066,200 (AED 667 per sqft)Sold, August 2012: AED 1,066,200 (AED 667 per sqft)Sold, February 2021: AED 719,237 (AED 450 per sqft)Sold, September 2023: AED 890,000 (AED 556 per sqft)

G03 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit G03, each contractTypical two-bed in Al Thamam 01
50K75K2012201620202024Typical 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, September 2012: AED 41,000 a yearNew contract, February 2014: AED 85,000 a yearNew contract, March 2015: AED 86,000 a yearNew contract, March 2016: AED 78,000 a yearRenewal, March 2017: AED 78,000 a yearNew contract, April 2018: AED 70,000 a yearNew contract, September 2019: AED 62,000 a yearNew contract, December 2020: AED 50,000 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 G03 sits

All 16 2-beds →

G03 last sold in September 2023 at AED 556 per sqft, in line with what two-beds in Al Thamam 01 were fetching at the time (AED 550). 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. G03's AED 50,000 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 ground floor

All 48 units in Al Thamam 01
Value
G013-bedAED 1.06M · Apr 2022
G022-bedAED 915K · Sep 2023
G043-bedAED 1.06M · Mar 2022

G03, Al Thamam 01 in numbers

  • Sold 4 times: first on 7 December 2011 for AED 1,066,200, last on 6 September 2023 for AED 890,000 (AED 556 per sqft).
  • Rented since September 2012 on 8 Ejari contracts, from AED 41,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 25,700 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 6 September 2023.

Questions about G03, Al Thamam 01

What did unit G03 last sell for?

AED 890,000 on 6 September 2023: AED 556 per sqft for 1,598 sqft. The unit has 4 registered sales; the first was AED 1,066,200 in December 2011.

What is the rent for unit G03?

AED 50,000 a year on the contract signed on 17 December 2020. The previous contract, from September 2019, was AED 62,000; the unit has been rented since September 2012.

How big is unit G03?

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 G03 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 G03, Al Thamam 01

Starts from the last sale price (AED 890K, 6 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 890,000
Deposit, UAE resident (20%)
AED 178,000
Deposit, non-resident (40%)
AED 356,000
Monthly over 25 years at 3.7%
AED 3,641

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