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1-bed · 675 sqftAl Thamam 16, Remraam · 5th floor · completed 2011

505, Al Thamam 16

Sold prices and rental history: sold once, by the developer 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.

Unit 505 · DLD and Ejari recordsUpdated 2 February 2024
Last soldAED 694K23 April 2013
Current rentAED 44K /yr2 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Al Thamam 16

What is 505 worth today?

Last sold for AED 693,720 in 2013

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2 Feb 2024RentedRenewal
AED 44,000/yr12 months · AED 65 per sqft
2 Feb 2023RentedNew contract
AED 40,000/yr12 months · AED 59 per sqft
5 Jan 2022RentedNew contract
AED 35,000/yr12 months · AED 52 per sqft
1 Mar 2021RentedRenewal
AED 34,000/yr12 months · AED 50 per sqft
1 Mar 2020RentedNew contract
AED 36,000/yr12 months · AED 53 per sqft
25 Jan 2019RentedNew contract
AED 55,000/yr12 months · AED 81 per sqft
6 Sep 2013RentedNew contract
AED 41,000/yr12 months · AED 61 per sqft
23 Apr 2013Sold by developerReady
AED 693,720AED 1,028 per sqft

Source: Dubai Land Department. Updated 2 February 2024.

Key facts

Type
1-bed apartment
Size
675 sqft
Floor
5th of 5
Parking
G-124
Developer
Remraam
Completed
2011
Service charge
AED 10,800 /yr
Last sold
AED 694K · April 2013
Building
Al Thamam 16

About 505, Al Thamam 16

505 is a one-bedroom apartment of 675 sqft on the 5th floor of Al Thamam 16, a 5-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 23 April 2013 for AED 693,720, or AED 1,028 per sqft, 15% above the AED 897 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 2 February 2024, is AED 44,000 a year: a gross yield of 6.3% on the 2013 price, before the service charge of about AED 10,800 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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 693,720 (AED 1,028 per sqft)

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

Rents
Unit 505, 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 2013: AED 41,000 a yearNew contract, January 2019: AED 55,000 a yearNew contract, March 2020: AED 36,000 a yearRenewal, March 2021: AED 34,000 a yearNew contract, January 2022: AED 35,000 a yearNew contract, February 2023: AED 40,000 a yearRenewal, February 2024: AED 44,000 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 505 sits

All 24 1-beds →

505 last sold in April 2013 at AED 1,028 per sqft, 15% above what one-beds in Al Thamam 16 were fetching at the time (AED 897). 505's AED 44,000 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
5031-bedAED 470K · May 2022
5042-bedAED 1.1M · Feb 2026
5061-bedAED 375K · Mar 2021
5072-bedAED 950K · Nov 2024
5081-bedAED 680K · Dec 2024
1–7 of 10

505, Al Thamam 16 in numbers

  • Sold once: by Remraam on 23 April 2013 for AED 693,720, or AED 1,028 per sqft.
  • Rented since September 2013 on 7 Ejari contracts. The rent fell from AED 41,000 to AED 34,000 in 2021 and recovered to AED 44,000 by February 2024.
  • At AED 44,000 a year the gross yield on the 2013 price is 6.3%, before a service charge of about AED 10,800 a year (AED 16.07 per sqft).

Source: Dubai Land Department. Updated 2 February 2024.

Questions about 505, Al Thamam 16

What did unit 505 last sell for?

AED 693,720 on 23 April 2013, sold by the developer: AED 1,028 per sqft for 675 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 44,000 a year on the contract renewed on 2 February 2024. The previous contract, from February 2023, was AED 40,000; the unit has been rented since September 2013.

How big is unit 505?

675 sqft (62.7 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.

What is unit 505 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 505, Al Thamam 16

Starts from the last sale price (AED 694K, 23 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 693,720
Deposit, UAE resident (20%)
AED 138,744
Deposit, non-resident (40%)
AED 277,488
Monthly over 25 years at 3.7%
AED 2,838

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