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

409, Al Thamam 16

Sold prices and rental history: sold 4 times, last in July 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 18 July 2023
Last soldAED 465K18 July 2023
Current rentAED 38K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 409, Al Thamam 16

What is 409 worth today?

Last sold for AED 465,000 in 2023

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18 Jul 2023SoldReady
AED 465,000AED 605 per sqft
15 Oct 2022RentedNew contract
AED 38,000/yr12 months · AED 50 per sqft
1 Oct 2021RentedNew contract
AED 33,000/yr12 months · AED 43 per sqft
1 Sep 2020RentedNew contract
AED 36,000/yr12 months · AED 47 per sqft
23 Dec 2018SoldReady
AED 500,000AED 650 per sqft
7 Apr 2014SoldReady
AED 825,000AED 1,073 per sqft
3 Feb 2014Sold by developerReady
AED 676,069AED 879 per sqft

Source: Dubai Land Department. Updated 18 July 2023.

Key facts

Type
1-bed apartment
Size
768 sqft
Floor
4th of 5
Parking
G-131
Developer
Remraam
Completed
2011
Service charge
AED 12,300 /yr
Last sold
AED 465K · July 2023
Building
Al Thamam 16

About 409, Al Thamam 16

409 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 18 July 2023 for AED 465,000, or AED 605 per sqft, in line with the AED 605 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 15 October 2022, is AED 38,000 a year: a gross yield of 8.2% on the 2023 price, before the service charge of about AED 12,300 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical one-bed in Al Thamam 16
500K750K2012201620202024Typical 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, February 2014: AED 676,069 (AED 879 per sqft)Sold, April 2014: AED 825,000 (AED 1,073 per sqft)Sold, December 2018: AED 500,000 (AED 650 per sqft)Sold, July 2023: AED 465,000 (AED 605 per sqft)

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

Rents
Unit 409, 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, September 2020: AED 36,000 a yearNew contract, October 2021: AED 33,000 a yearNew contract, October 2022: AED 38,000 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 409 sits

All 24 1-beds →

409 last sold in July 2023 at AED 605 per sqft, in line with what one-beds in Al Thamam 16 were fetching at the time (AED 605). 409's AED 38,000 is at the bottom 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
4021-bedAED 440K · Feb 2023
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
1–7 of 10

409, Al Thamam 16 in numbers

  • Sold 4 times: first on 3 February 2014 for AED 676,069, last on 18 July 2023 for AED 465,000 (AED 605 per sqft).
  • Rented since September 2020 on 3 Ejari contracts, from AED 36,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2023 price is 8.2%, before a service charge of about AED 12,300 a year (AED 16.07 per sqft).

Source: Dubai Land Department. Updated 18 July 2023.

Questions about 409, Al Thamam 16

What did unit 409 last sell for?

AED 465,000 on 18 July 2023: AED 605 per sqft for 768 sqft. The unit has 4 registered sales; the first was AED 676,069 in February 2014.

What is the rent for unit 409?

AED 38,000 a year on the contract signed on 15 October 2022. The previous contract, from October 2021, was AED 33,000; the unit has been rented since September 2020.

How big is unit 409?

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

What is unit 409 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 409, Al Thamam 16

Starts from the last sale price (AED 465K, 18 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 465,000
Deposit, UAE resident (20%)
AED 93,000
Deposit, non-resident (40%)
AED 186,000
Monthly over 25 years at 3.7%
AED 1,902

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