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2-bed · 1,009 sqftAl Thamam 11, Remraam · 5th floor · completed 2011

505, Al Thamam 11

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 25 August 2024
Last soldAED 908K20 May 2009
Current rentAED 63K /yr25 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Al Thamam 11

What is 505 worth today?

Last sold for AED 907,850 in 2009

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25 Aug 2024RentedRenewal
AED 62,617/yr12 months · AED 62 per sqft
26 Aug 2023RentedRenewal
AED 57,078/yr12 months · AED 57 per sqft
26 Aug 2022RentedRenewal
AED 51,750/yr12 months · AED 51 per sqft
26 Aug 2021RentedNew contract
AED 45,000/yr12 months · AED 45 per sqft
20 Jun 2019RentedRenewal
AED 65,000/yr12 months · AED 64 per sqft
20 Jun 2018RentedRenewal
AED 72,200/yr12 months · AED 72 per sqft
20 Jun 2017RentedNew contract
AED 76,000/yr12 months · AED 75 per sqft
20 May 2009Sold by developerOff-plan
AED 907,850AED 900 per sqft

Source: Dubai Land Department. Updated 25 August 2024.

Key facts

Type
2-bed apartment
Size
1,009 sqft
Floor
5th of 7
Parking
G-70
Developer
Remraam
Completed
2011
Service charge
AED 16,200 /yr
Last sold
AED 908K · May 2009
Building
Al Thamam 11

About 505, Al Thamam 11

505 is a two-bedroom apartment of 1,009 sqft on the 5th floor of Al Thamam 11, a 7-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 20 May 2009 for AED 907,850, or AED 900 per sqft, 7% above the AED 845 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 25 August 2024, is AED 62,617 a year: a gross yield of 6.9% on the 2009 price, before the service charge of about AED 16,200 a year.

Sales and rents for 505 over time

Rents
Unit 505, each contractTypical two-bed in Al Thamam 11
40K60K80K2017202020232026Typical rent by year: 2017 AED 76,000; 2018 AED 72,200; 2019 AED 65,000; 2020 AED 55,000; 2021 AED 48,000; 2022 AED 54,000; 2023 AED 59,560; 2024 AED 65,340; 2025 AED 73,500New contract, June 2017: AED 76,000 a yearRenewal, June 2018: AED 72,200 a yearRenewal, June 2019: AED 65,000 a yearNew contract, August 2021: AED 45,000 a yearRenewal, August 2022: AED 51,750 a yearRenewal, August 2023: AED 57,078 a yearRenewal, August 2024: AED 62,617 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 11, and where 505 sits

All 20 2-beds →

505 last sold in May 2009 at AED 900 per sqft, 7% above what two-beds in Al Thamam 11 were fetching at the time (AED 845). Over the last 12 months two-beds sold for AED 1,300,000, around AED 812 per sqft, and rent for AED 63,525 to 90,000 a year. 505's AED 62,617 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Dec 20251,300,000
24 Jun 20251,250,000
12 Dec 2024880,000
24 Sep 2024925,000
1 2-bed sale in the last 12 months

Al Thamam 11

Building

63 apartments, studios to 3-bed over 7 floors in Remraam, completed in 2011 by Remraam. 2 sold in the last 12 months.

Typical price per sqft
AED 941
Typical sale
AED 1.45M
Typical rent
AED 55K /yr
Typical yield
7.1%
Al Thamam 11, Remraam: prices, sales and rents →

Other units on the 5th floor

All 63 units in Al Thamam 11
Value
5011-bedAED 621K · May 2009
5021-bedAED 683K · May 2009
5031-bedAED 698K · May 2009
5042-bedAED 908K · May 2009
5061-bedAED 698K · May 2009
5071-bedAED 683K · May 2009
5081-bedAED 603K · May 2009
1–7 of 8

505, Al Thamam 11 in numbers

  • Sold once: by Remraam on 20 May 2009 for AED 907,850, or AED 900 per sqft.
  • Rented since June 2017 on 7 Ejari contracts. The rent fell from AED 76,000 to AED 45,000 in 2021 and recovered to AED 62,617 by August 2024.
  • At AED 62,617 a year the gross yield on the 2009 price is 6.9%, before a service charge of about AED 16,200 a year (AED 16.07 per sqft).
  • Two-beds in Al Thamam 11 sold for AED 1,300,000–1,300,000 in the 12 months to November 2026; the building's median across all types is AED 941 per sqft.

Source: Dubai Land Department. Updated 25 August 2024.

Questions about 505, Al Thamam 11

What did unit 505 last sell for?

AED 907,850 on 20 May 2009, sold by the developer: AED 900 per sqft for 1,009 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 62,617 a year on the contract renewed on 25 August 2024. The previous contract, from August 2023, was AED 57,078; the unit has been rented since June 2017.

How big is unit 505?

1,009 sqft (93.7 sqm): a two-bedroom apartment on the 5th floor of a 7-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. Two-beds in Al Thamam 11 sold for AED 1,300,000 to 1,300,000 in the last 12 months, around AED 812 per sqft.

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Mortgage on 505, Al Thamam 11

Starts from the last sale price (AED 908K, 20 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 907,850
Deposit, UAE resident (20%)
AED 181,570
Deposit, non-resident (40%)
AED 363,140
Monthly over 25 years at 3.7%
AED 3,714

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