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1-bed · 783 sqftAl Thamam 16, Remraam · 5th floor · completed 2011

503, Al Thamam 16

Sold prices and rental history: sold 3 times, last in May 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 12 May 2022
Last soldAED 470K12 May 2022
Current rentAED 34K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Al Thamam 16

What is 503 worth today?

Last sold for AED 470,000 in 2022

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12 May 2022SoldReady
AED 470,000AED 600 per sqft
23 Feb 2022SoldReady
AED 420,000AED 536 per sqft
1 Sep 2021RentedNew contract
AED 34,000/yr12 months · AED 43 per sqft
10 Jul 2019RentedRenewal
AED 45,000/yr12 months · AED 57 per sqft
10 Jul 2018RentedRenewal
AED 57,000/yr12 months · AED 73 per sqft
10 Jul 2017RentedNew contract
AED 60,000/yr12 months · AED 76 per sqft
1 Jul 2013RentedNew contract
AED 50,000/yr12 months · AED 64 per sqft
24 Jun 2013Sold by developerReady
AED 797,040AED 1,018 per sqft

Source: Dubai Land Department. Updated 12 May 2022.

Key facts

Type
1-bed apartment
Size
783 sqft
Floor
5th of 5
Parking
G-126
Developer
Remraam
Completed
2011
Service charge
AED 12,600 /yr
Last sold
AED 470K · May 2022
Building
Al Thamam 16

About 503, Al Thamam 16

503 is a one-bedroom apartment of 783 sqft on the 5th floor of Al Thamam 16, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 12 May 2022 for AED 470,000, or AED 600 per sqft, 11% above the AED 539 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 1 September 2021, is AED 34,000 a year: a gross yield of 7.2% on the 2022 price, before the service charge of about AED 12,600 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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, June 2013: AED 797,040 (AED 1,018 per sqft)Sold, February 2022: AED 420,000 (AED 536 per sqft)Sold, May 2022: AED 470,000 (AED 600 per sqft)

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

Rents
Unit 503, 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, July 2013: AED 50,000 a yearNew contract, July 2017: AED 60,000 a yearRenewal, July 2018: AED 57,000 a yearRenewal, July 2019: AED 45,000 a yearNew contract, September 2021: AED 34,000 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 503 sits

All 24 1-beds →

503 last sold in May 2022 at AED 600 per sqft, 11% above what one-beds in Al Thamam 16 were fetching at the time (AED 539). 503's AED 34,000 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 5th floor

All 60 units in Al Thamam 16
Value
501StudioAED 492K · Apr 2013
5021-bedAED 415K · Nov 2020
5042-bedAED 1.1M · Feb 2026
5051-bedAED 694K · Apr 2013
5061-bedAED 375K · Mar 2021
5072-bedAED 950K · Nov 2024
5081-bedAED 680K · Dec 2024
1–7 of 10

503, Al Thamam 16 in numbers

  • Sold 3 times: first on 24 June 2013 for AED 797,040, last on 12 May 2022 for AED 470,000 (AED 600 per sqft).
  • Rented since July 2013 on 5 Ejari contracts, from AED 50,000 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2022 price is 7.2%, before a service charge of about AED 12,600 a year (AED 16.07 per sqft).

Source: Dubai Land Department. Updated 12 May 2022.

Questions about 503, Al Thamam 16

What did unit 503 last sell for?

AED 470,000 on 12 May 2022: AED 600 per sqft for 783 sqft. The unit has 3 registered sales; the first was AED 797,040 in June 2013.

What is the rent for unit 503?

AED 34,000 a year on the contract signed on 1 September 2021. The previous contract, from July 2019, was AED 45,000; the unit has been rented since July 2013.

How big is unit 503?

783 sqft (72.7 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.

What is unit 503 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 503, Al Thamam 16

Starts from the last sale price (AED 470K, 12 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 470,000
Deposit, UAE resident (20%)
AED 94,000
Deposit, non-resident (40%)
AED 188,000
Monthly over 25 years at 3.7%
AED 1,923

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