508, Al Thamam 16
Sold prices and rental history: sold 3 times, last in December 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Al Thamam 16
What is 508 worth today?
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Source: Dubai Land Department. Updated 6 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 783 sqft
- Floor
- 5th of 5
- Parking
- G-121
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 12,600 /yr
- Last sold
- AED 680K · December 2024
- Building
- Al Thamam 16
About 508, Al Thamam 16
508 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 6 December 2024 for AED 680,000, or AED 868 per sqft, 21% above the AED 719 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 36,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 12,600 a year.
Sales and rents for 508 over time
508 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 508 sits
All 24 1-beds →508 last sold in December 2024 at AED 868 per sqft, 21% above what one-beds in Al Thamam 16 were fetching at the time (AED 719). 508's AED 36,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Jan 20257 January 2025 | 1,140 sqft | 750,000 | 658 | ||
| 11 Nov 202411 November 2024 | 670 sqft | 510,000 | 760 | ||
| 2 Oct 20242 October 2024 | 989 sqft | 670,000 | 677 | ||
| 7 Jun 20247 June 2024 | 1,144 sqft | 500,000 | 437 |
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 | |
| 507 | 2-bed | 1,096 sqft | AED 950KAED 950,000 · Nov 2024November 2024 | 57,259 /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 |
508, Al Thamam 16 in numbers
- Sold 3 times: first on 14 February 2013 for AED 689,490, last on 6 December 2024 for AED 680,000 (AED 868 per sqft).
- Rented since January 2014 on 6 Ejari contracts. The rent fell from AED 50,000 to AED 32,000 in 2021 and recovered to AED 36,000 by September 2023.
- At AED 36,000 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 12,600 a year (AED 16.07 per sqft).
Source: Dubai Land Department. Updated 6 December 2024.
Questions about 508, Al Thamam 16
What did unit 508 last sell for?
AED 680,000 on 6 December 2024: AED 868 per sqft for 783 sqft. The unit has 3 registered sales; the first was AED 689,490 in February 2013.
What is the rent for unit 508?
AED 36,000 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 34,000; the unit has been rented since January 2014.
How big is unit 508?
783 sqft (72.7 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.
What is unit 508 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 508, Al Thamam 16
Starts from the last sale price (AED 680K, 6 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 680,000
- Deposit, UAE resident (20%)
- AED 136,000
- Deposit, non-resident (40%)
- AED 272,000
- Monthly over 25 years at 3.7%
- AED 2,782
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →