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2-bed · 1,116 sqftAl Thamam 32, Remraam · 5th floor · completed 2011

505, Al Thamam 32

Sold prices and rental history: sold 4 times, last in May 2024, 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 14 May 2024
Last soldAED 1.02M14 May 2024
Current rentAED 55K /yr1 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Al Thamam 32

What is 505 worth today?

Last sold for AED 1,020,000 in 2024

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14 May 2024SoldReady
AED 1,020,000AED 913 per sqft
1 Dec 2022RentedNew contract
AED 55,000/yr12 months · AED 49 per sqft
1 Nov 2021RentedRenewal
AED 50,000/yr12 months · AED 45 per sqft
1 Nov 2020RentedNew contract
AED 50,000/yr12 months · AED 45 per sqft
20 Jul 2019RentedRenewal
AED 60,000/yr12 months · AED 54 per sqft
20 Jul 2018RentedNew contract
AED 70,000/yr12 months · AED 63 per sqft
20 Jul 2017RentedNew contract
AED 80,000/yr12 months · AED 71 per sqft
16 May 2017SoldReady
AED 965,000AED 864 per sqft

Source: Dubai Land Department. Updated 14 May 2024.

Key facts

Type
2-bed apartment
Size
1,116 sqft
Floor
5th of 5
Parking
G-91
Developer
Remraam
Completed
2011
Service charge
AED 17,900 /yr
Last sold
AED 1.02M · May 2024
Building
Al Thamam 32

About 505, Al Thamam 32

505 is a two-bedroom apartment of 1,116 sqft on the 5th floor of Al Thamam 32, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 14 May 2024 for AED 1,020,000, or AED 913 per sqft.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 1 December 2022, is AED 55,000 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 17,900 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in Al Thamam 32
900K1M2009201320172021Typical sale price by year: 2009 AED 900,472; 2012 AED 1,005,483; 2013 AED 867,954Sold by developer, July 2009: AED 1,005,483 (AED 900 per sqft)Sold, October 2012: AED 1,005,483 (AED 900 per sqft)Sold, May 2017: AED 965,000 (AED 864 per sqft)Sold, May 2024: AED 1,020,000 (AED 913 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in Al Thamam 32
60K80K2013201720212025Typical rent by year: 2013 AED 65,000; 2014 AED 78,750; 2015 AED 78,000; 2016 AED 80,000; 2017 AED 80,000; 2018 AED 72,000; 2019 AED 70,000; 2020 AED 55,000; 2021 AED 50,000; 2022 AED 55,000; 2023 AED 63,198; 2024 AED 75,750; 2025 AED 87,000; 2026 AED 85,000New contract, November 2013: AED 65,000 a yearNew contract, August 2014: AED 80,000 a yearNew contract, July 2017: AED 80,000 a yearNew contract, July 2018: AED 70,000 a yearRenewal, July 2019: AED 60,000 a yearNew contract, November 2020: AED 50,000 a yearRenewal, November 2021: AED 50,000 a yearNew contract, December 2022: AED 55,000 a year

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 32, and where 505 sits

All 16 2-beds →

505's AED 55,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Nov 20251,225,000
12 Jun 2024830,000
28 Jun 2022840,000
13 Jun 2022650,000
0 2-bed sales in the last 12 months

Al Thamam 32

Building

46 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 803
Typical sale
AED 720K
Typical rent
AED 78K /yr
Typical yield
8.8%
Al Thamam 32, Remraam: prices, sales and rents →

Other units on the 5th floor

All 46 units in Al Thamam 32
Value
5021-bedAED 678K · Dec 2014
5031-bedAED 693K · Oct 2014
5042-bedAED 885K · Feb 2018
5061-bedAED 333K · Mar 2017
5071-bedAED 711K · Jan 2013
5081-bedAED 360K · May 2021
509StudioAED 370K · May 2024

505, Al Thamam 32 in numbers

  • Sold 4 times: first on 15 July 2009 for AED 1,005,483, last on 14 May 2024 for AED 1,020,000 (AED 913 per sqft).
  • Rented since November 2013 on 8 Ejari contracts, from AED 65,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 17,900 a year (AED 16.07 per sqft).

Source: Dubai Land Department. Updated 14 May 2024.

Questions about 505, Al Thamam 32

What did unit 505 last sell for?

AED 1,020,000 on 14 May 2024: AED 913 per sqft for 1,116 sqft. The unit has 4 registered sales; the first was AED 1,005,483 in July 2009.

What is the rent for unit 505?

AED 55,000 a year on the contract signed on 1 December 2022. The previous contract, from November 2021, was AED 50,000; the unit has been rented since November 2013.

How big is unit 505?

1,116 sqft (103.7 sqm): a two-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 32

Starts from the last sale price (AED 1.02M, 14 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,020,000
Deposit, UAE resident (20%)
AED 204,000
Deposit, non-resident (40%)
AED 408,000
Monthly over 25 years at 3.7%
AED 4,173

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