407, Al Thamam 16
Sold prices and rental history: sold twice, last in April 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Al Thamam 16
What is 407 worth today?
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Source: Dubai Land Department. Updated 15 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 996 sqft
- Floor
- 4th of 5
- Parking
- G-133
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 16,000 /yr
- Last sold
- AED 700K · April 2013
- Building
- Al Thamam 16
About 407, Al Thamam 16
407 is a two-bedroom apartment of 996 sqft on the 4th floor of Al Thamam 16, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 24 April 2013 for AED 700,000, or AED 702 per sqft, 22% below the AED 898 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 15 February 2026, is AED 65,000 a year: a gross yield of 9.3% on the 2013 price, before the service charge of about AED 16,000 a year.
Sales and rents for 407 over time
407 has sold twice; the dashed line is the two-bed median of each year in the building.
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 16, and where 407 sits
All 16 2-beds →407 last sold in April 2013 at AED 702 per sqft, 22% below what two-beds in Al Thamam 16 were fetching at the time (AED 898). Over the last 12 months two-beds sold for AED 1,095,000, around AED 999 per sqft, and rent for AED 61,900 to 94,000 a year. 407's AED 65,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Feb 202625 February 2026 | 1,096 sqft | 1,095,000 | 999 | ||
| 21 Nov 202421 November 2024 | 1,096 sqft | 950,000 | 866 | ||
| 4 May 20174 May 2017 | 996 sqft | 1,050,000 | 1,054 | ||
| 19 Sep 201319 September 2013 | 1,492 sqft | 1,110,629 | 744 |
Al Thamam 16
Building60 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%
Other units on the 4th floor
All 60 units in Al Thamam 16| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 493 sqft | AED 489KAED 489,000 · Mar 2013March 2013 | 36,000 /yr | |
| 402 | 1-bed | 768 sqft | AED 440KAED 440,000 · Feb 2023February 2023 | 60,000 /yr | |
| 403 | 1-bed | 764 sqft | AED 692KAED 691,935 · Apr 2013April 2013 | 40,000 /yr | |
| 404 | 2-bed | 996 sqft | AED 1.05MAED 1,050,000 · May 2017May 2017 | 90,000 /yr | |
| 405 | 1-bed | 675 sqft | AED 365KAED 365,000 · Nov 2021November 2021 | 64,000 /yr | |
| 406 | 1-bed | 675 sqft | AED 689KAED 689,490 · Mar 2014March 2014 | 50,820 /yr | |
| 408 | 1-bed | 764 sqft | AED 582KAED 582,160 · Apr 2013April 2013 | 62,000 /yr | |
| 409 | 1-bed | 768 sqft | AED 465KAED 465,000 · Jul 2023July 2023 | 38,000 /yr | |
| 410 | Studio | 493 sqft | AED 315KAED 315,000 · Dec 2022December 2022 | 35,000 /yr | |
| 411 | Studio | 405 sqft | AED 495KAED 495,000 · Apr 2026April 2026 | 31,878 /yr |
407, Al Thamam 16 in numbers
- Sold twice: first on 18 November 2012 for AED 906,255, last on 24 April 2013 for AED 700,000 (AED 702 per sqft).
- Rented since May 2013 on 11 Ejari contracts. The rent fell from AED 56,000 to AED 48,000 in 2022 and recovered to AED 65,000 by February 2026.
- At AED 65,000 a year the gross yield on the 2013 price is 9.3%, before a service charge of about AED 16,000 a year (AED 16.07 per sqft).
- Two-beds in Al Thamam 16 sold for AED 1,095,000–1,095,000 in the 12 months to November 2026; the building's median across all types is AED 1,110 per sqft.
Source: Dubai Land Department. Updated 15 February 2026.
Questions about 407, Al Thamam 16
What did unit 407 last sell for?
AED 700,000 on 24 April 2013: AED 702 per sqft for 996 sqft. The unit has 2 registered sales; the first was AED 906,255 in November 2012.
What is the rent for unit 407?
AED 65,000 a year on the contract renewed on 15 February 2026. The previous contract, from February 2025, was AED 62,430; the unit has been rented since May 2013.
How big is unit 407?
996 sqft (92.5 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2011.
What is unit 407 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 16 sold for AED 1,095,000 to 1,095,000 in the last 12 months, around AED 999 per sqft.
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Mortgage on 407, Al Thamam 16
Starts from the last sale price (AED 700K, 24 April 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 700,000
- Deposit, UAE resident (20%)
- AED 140,000
- Deposit, non-resident (40%)
- AED 280,000
- Monthly over 25 years at 3.7%
- AED 2,864
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →