507, Al Thamam 16
Sold prices and rental history: sold 3 times, last in November 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Al Thamam 16
What is 507 worth today?
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Source: Dubai Land Department. Updated 21 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,096 sqft
- Floor
- 5th of 5
- Parking
- G-122
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 17,600 /yr
- Last sold
- AED 950K · November 2024
- Building
- Al Thamam 16
About 507, Al Thamam 16
507 is a two-bedroom apartment of 1,096 sqft on the 5th floor of Al Thamam 16, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 21 November 2024 for AED 950,000, or AED 866 per sqft.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 15 September 2023, is AED 57,259 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 17,600 a year.
Sales and rents for 507 over time
507 has sold 3 times; 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 507 sits
All 16 2-beds →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. 507's AED 57,259 is at the bottom 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 | ||
| 4 May 20174 May 2017 | 996 sqft | 1,050,000 | 1,054 | ||
| 19 Sep 201319 September 2013 | 1,492 sqft | 1,110,629 | 744 | ||
| 19 Sep 201319 September 2013 | 1,486 sqft | 1,110,627 | 747 |
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 5th floor
All 60 units in Al Thamam 16| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 493 sqft | AED 492KAED 492,000 · Apr 2013April 2013 | 25,000 /yr | |
| 502 | 1-bed | 787 sqft | AED 415KAED 415,000 · Nov 2020November 2020 | 55,000 /yr | |
| 503 | 1-bed | 783 sqft | AED 470KAED 470,000 · May 2022May 2022 | 34,000 /yr | |
| 504 | 2-bed | 1,096 sqft | AED 1.1MAED 1,095,000 · Feb 2026February 2026 | 94,000 /yr | |
| 505 | 1-bed | 675 sqft | AED 694KAED 693,720 · Apr 2013April 2013 | 44,000 /yr | |
| 506 | 1-bed | 675 sqft | AED 375KAED 375,000 · Mar 2021March 2021 | 57,000 /yr | |
| 508 | 1-bed | 783 sqft | AED 680KAED 680,000 · Dec 2024December 2024 | 36,000 /yr | |
| 509 | 1-bed | 787 sqft | AED 510KAED 510,000 · Jul 2023July 2023 | 60,000 /yr | |
| 510 | Studio | 493 sqft | AED 415KAED 415,000 · Feb 2024February 2024 | 43,000 /yr | |
| 511 | Studio | 405 sqft | AED 377KAED 377,000 · Sep 2023September 2023 | 39,000 /yr |
507, Al Thamam 16 in numbers
- Sold 3 times: first on 18 November 2012 for AED 984,940, last on 21 November 2024 for AED 950,000 (AED 866 per sqft).
- Rented since September 2019 on 4 Ejari contracts. The rent fell from AED 63,000 to AED 48,000 in 2020 and recovered to AED 57,259 by September 2023.
- At AED 57,259 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 17,600 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 21 November 2024.
Questions about 507, Al Thamam 16
What did unit 507 last sell for?
AED 950,000 on 21 November 2024: AED 866 per sqft for 1,096 sqft. The unit has 3 registered sales; the first was AED 984,940 in November 2012.
What is the rent for unit 507?
AED 57,259 a year on the contract renewed on 15 September 2023. The previous contract, from September 2021, was AED 50,000; the unit has been rented since September 2019.
How big is unit 507?
1,096 sqft (101.8 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.
What is unit 507 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 507, Al Thamam 16
Starts from the last sale price (AED 950K, 21 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 950,000
- Deposit, UAE resident (20%)
- AED 190,000
- Deposit, non-resident (40%)
- AED 380,000
- Monthly over 25 years at 3.7%
- AED 3,887
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →