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1-bed · 665 sqftAl Thamam 15, Remraam · 4th floor · completed 2011

408, Al Thamam 15

Sold prices and rental history: sold 3 times, last in September 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 1 August 2021
Last soldAED 750K24 September 2014
Current rentAED 30K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Al Thamam 15

What is 408 worth today?

Last sold for AED 750,000 in 2014

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1 Aug 2021RentedNew contract
AED 30,000/yr12 months · AED 45 per sqft
13 Sep 2017RentedNew contract
AED 52,000/yr12 months · AED 78 per sqft
31 May 2016RentedRenewal
AED 56,000/yr12 months · AED 84 per sqft
1 Jun 2015RentedNew contract
AED 55,000/yr12 months · AED 82 per sqft
2 Feb 2015RentedNew contract
AED 55,000/yr12 months · AED 82 per sqft
24 Sep 2014SoldReady
AED 750,000AED 1,127 per sqft
24 Sep 2013SoldReady
AED 565,010AED 849 per sqft
21 Apr 2009Sold by developerOff-plan
AED 585,088AED 879 per sqft

Source: Dubai Land Department. Updated 1 August 2021.

Key facts

Type
1-bed apartment
Size
665 sqft
Floor
4th of 5
Parking
G-64
Developer
Remraam
Completed
2011
Service charge
AED 10,700 /yr
Last sold
AED 750K · September 2014
Building
Al Thamam 15

About 408, Al Thamam 15

408 is a one-bedroom apartment of 665 sqft on the 4th floor of Al Thamam 15, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 24 September 2014 for AED 750,000, or AED 1,127 per sqft, 32% above the AED 855 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 August 2021, is AED 30,000 a year: a gross yield of 4.0% on the 2014 price, before the service charge of about AED 10,700 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical one-bed in Al Thamam 15
600K800K20092011201320152017Typical sale price by year: 2009 AED 671,275; 2013 AED 648,996; 2014 AED 812,500; 2015 AED 710,000; 2016 AED 620,000Sold by developer, April 2009: AED 585,088 (AED 879 per sqft)Sold, September 2013: AED 565,010 (AED 849 per sqft)Sold, September 2014: AED 750,000 (AED 1,127 per sqft)

408 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 408, each contractTypical one-bed in Al Thamam 15
40K60K20152018202120242027Typical rent by year: 2015 AED 60,000; 2016 AED 60,000; 2017 AED 55,574; 2018 AED 50,000; 2019 AED 40,000; 2020 AED 35,000; 2021 AED 30,000; 2022 AED 34,000; 2023 AED 39,000; 2024 AED 41,745; 2025 AED 51,500; 2026 AED 58,000New contract, February 2015: AED 55,000 a yearNew contract, June 2015: AED 55,000 a yearRenewal, May 2016: AED 56,000 a yearNew contract, September 2017: AED 52,000 a yearNew contract, August 2021: AED 30,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Al Thamam 15, and where 408 sits

All 22 1-beds →

408 last sold in September 2014 at AED 1,127 per sqft, 32% above what one-beds in Al Thamam 15 were fetching at the time (AED 855). 408's AED 30,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Apr 2025600,000
26 Feb 2025532,000
8 May 2023393,000
28 Jul 2022450,000
0 1-bed sales in the last 12 months

Al Thamam 15

Building

48 apartments, studios to 3-bed over 5 floors in Remraam, completed in 2011 by Remraam. 1 sold in the last 12 months.

Typical price per sqft
AED 949
Typical sale
AED 955K
Typical rent
AED 64K /yr
Typical yield
7.9%
Al Thamam 15, Remraam: prices, sales and rents →

Other units on the 4th floor

All 48 units in Al Thamam 15
Value
4011-bedAED 750K · Sep 2014
4021-bedAED 825K · Sep 2014
4031-bedAED 825K · Sep 2014
4042-bedAED 1.05M · Sep 2014
4052-bedAED 1.05M · Sep 2014
4061-bedAED 800K · Sep 2014
4071-bedAED 800K · Sep 2014
1–7 of 8

408, Al Thamam 15 in numbers

  • Sold 3 times: first on 21 April 2009 for AED 585,088, last on 24 September 2014 for AED 750,000 (AED 1,127 per sqft).
  • Rented since February 2015 on 5 Ejari contracts, from AED 55,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2014 price is 4.0%, before a service charge of about AED 10,700 a year (AED 16.07 per sqft).

Source: Dubai Land Department. Updated 1 August 2021.

Questions about 408, Al Thamam 15

What did unit 408 last sell for?

AED 750,000 on 24 September 2014: AED 1,127 per sqft for 665 sqft. The unit has 3 registered sales; the first was AED 585,088 in April 2009.

What is the rent for unit 408?

AED 30,000 a year on the contract signed on 1 August 2021. The previous contract, from September 2017, was AED 52,000; the unit has been rented since February 2015.

How big is unit 408?

665 sqft (61.8 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2011.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 408, Al Thamam 15

Starts from the last sale price (AED 750K, 24 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

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