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1-bed · 768 sqftAl Thamam 16, Remraam · 4th floor · completed 2011

402, Al Thamam 16

Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 8 May 2024
Last soldAED 440K28 February 2023
Current rentAED 60K /yr8 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 402, Al Thamam 16

What is 402 worth today?

Last sold for AED 440,000 in 2023

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8 May 2024RentedNew contract
AED 60,000/yr12 months · AED 79 per sqft
28 Feb 2023SoldReady
AED 440,000AED 572 per sqft
1 Feb 2021RentedNew contract
AED 32,000/yr12 months · AED 42 per sqft
1 Aug 2020RentedRenewal
AED 37,200/yr12 months · AED 49 per sqft
1 Aug 2019RentedNew contract
AED 45,000/yr12 months · AED 59 per sqft
5 Aug 2018RentedNew contract
AED 50,000/yr12 months · AED 65 per sqft
7 Jun 2016RentedRenewal
AED 60,000/yr12 months · AED 79 per sqft
7 Jun 2015RentedNew contract
AED 60,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 8 May 2024.

Key facts

Type
1-bed apartment
Size
768 sqft
Floor
4th of 5
Parking
G-138
Developer
Remraam
Completed
2011
Service charge
AED 12,300 /yr
Last sold
AED 440K · February 2023
Building
Al Thamam 16

About 402, Al Thamam 16

402 is a one-bedroom apartment of 768 sqft on the 4th floor of Al Thamam 16, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 28 February 2023 for AED 440,000, or AED 572 per sqft, in line with the AED 586 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 8 May 2024, is AED 60,000 a year: a gross yield of 13.6% on the 2023 price, before the service charge of about AED 12,300 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical one-bed in Al Thamam 16
400K600K800K2012201620202024Typical sale price by year: 2012 AED 634,375; 2013 AED 689,490; 2014 AED 788,515; 2021 AED 370,000; 2022 AED 420,000; 2023 AED 465,000; 2024 AED 590,000Sold by developer, April 2013: AED 792,180 (AED 1,030 per sqft)Sold, February 2023: AED 440,000 (AED 572 per sqft)

402 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 402, each contractTypical one-bed in Al Thamam 16
40K60K2013201720212025Typical rent by year: 2013 AED 41,000; 2014 AED 54,000; 2015 AED 57,426; 2016 AED 63,500; 2017 AED 60,000; 2018 AED 56,000; 2019 AED 47,500; 2020 AED 40,000; 2021 AED 34,000; 2022 AED 36,500; 2023 AED 40,000; 2024 AED 46,000; 2025 AED 55,000; 2026 AED 60,000New contract, April 2014: AED 38,500 a yearNew contract, June 2015: AED 60,000 a yearRenewal, June 2016: AED 60,000 a yearNew contract, August 2018: AED 50,000 a yearNew contract, August 2019: AED 45,000 a yearRenewal, August 2020: AED 37,200 a yearNew contract, February 2021: AED 32,000 a yearNew contract, May 2024: AED 60,000 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 16, and where 402 sits

All 24 1-beds →

402 last sold in February 2023 at AED 572 per sqft, in line with what one-beds in Al Thamam 16 were fetching at the time (AED 586). 402's AED 60,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Jan 2025750,000
6 Dec 2024680,000
11 Nov 2024510,000
2 Oct 2024670,000
0 1-bed sales in the last 12 months

Al Thamam 16

Building

60 apartments, studios to 3-bed over 5 floors in Remraam, completed in 2011 by Remraam. 2 sold in the last 12 months.

Typical price per sqft
AED 1,110
Typical sale
AED 795K
Typical rent
AED 60K /yr
Typical yield
6.9%
Al Thamam 16, Remraam: prices, sales and rents →

Other units on the 4th floor

All 60 units in Al Thamam 16
Value
401StudioAED 489K · Mar 2013
4031-bedAED 692K · Apr 2013
4042-bedAED 1.05M · May 2017
4051-bedAED 365K · Nov 2021
4061-bedAED 689K · Mar 2014
4072-bedAED 700K · Apr 2013
4081-bedAED 582K · Apr 2013
1–7 of 10

402, Al Thamam 16 in numbers

  • Sold twice: first on 18 April 2013 for AED 792,180, last on 28 February 2023 for AED 440,000 (AED 572 per sqft).
  • Rented since April 2014 on 8 Ejari contracts. The rent fell from AED 38,500 to AED 32,000 in 2021 and recovered to AED 60,000 by May 2024.
  • At AED 60,000 a year the gross yield on the 2023 price is 13.6%, before a service charge of about AED 12,300 a year (AED 16.07 per sqft).

Source: Dubai Land Department. Updated 8 May 2024.

Questions about 402, Al Thamam 16

What did unit 402 last sell for?

AED 440,000 on 28 February 2023: AED 572 per sqft for 768 sqft. The unit has 2 registered sales; the first was AED 792,180 in April 2013.

What is the rent for unit 402?

AED 60,000 a year on the contract signed on 8 May 2024. The previous contract, from February 2021, was AED 32,000; the unit has been rented since April 2014.

How big is unit 402?

768 sqft (71.3 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2011.

What is unit 402 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 402, Al Thamam 16

Starts from the last sale price (AED 440K, 28 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

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