408, Al Thamam 59
Sold prices and rental history: sold 3 times, last in January 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Al Thamam 59
What is 408 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 665 sqft
- Floor
- 4th of 5
- Parking
- G-64
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 10,700 /yr
- Last sold
- AED 615K · January 2016
- Building
- Al Thamam 59
About 408, Al Thamam 59
408 is a one-bedroom apartment of 665 sqft on the 4th floor of Al Thamam 59, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 13 January 2016 for AED 615,000, or AED 924 per sqft, 14% above the AED 808 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 1 October 2024, is AED 53,000 a year: a gross yield of 8.6% on the 2016 price, before the service charge of about AED 10,700 a year.
Sales and rents for 408 over time
408 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 59, and where 408 sits
All 22 1-beds →408 last sold in January 2016 at AED 924 per sqft, 14% above what one-beds in Al Thamam 59 were fetching at the time (AED 808). Over the last 12 months one-beds sold for AED 710,000, around AED 940 per sqft, and rent for AED 41,632 to 68,000 a year. 408's AED 53,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Sep 202616 September 2026 | 755 sqft | 710,000 | 940 | ||
| 23 Sep 202523 September 2025 | 689 sqft | 625,000 | 907 | ||
| 17 Sep 202517 September 2025 | 773 sqft | 705,000 | 911 | ||
| 25 Aug 202525 August 2025 | 1,156 sqft | 770,000 | 666 |
Al Thamam 59
Building48 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 880
- Typical sale
- AED 1.01M
- Typical rent
- AED 49K /yr
- Typical yield
- 8.8%
Other units on the 4th floor
All 48 units in Al Thamam 59| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 689 sqft | AED 550KAED 550,000 · Mar 2018March 2018 | 43,000 /yr | |
| 402 | 1-bed | 755 sqft | AED 601KAED 601,493 · Apr 2014April 2014 | 42,000 /yr | |
| 403 | 1-bed | 755 sqft | AED 685KAED 685,000 · Nov 2016November 2016 | 42,900 /yr | |
| 404 | 2-bed | 1,009 sqft | AED 1.13MAED 1,125,000 · Mar 2025March 2025 | 42,000 /yr | |
| 405 | 2-bed | 1,009 sqft | AED 801KAED 801,367 · Dec 2012December 2012 | 30,000 /yr | |
| 406 | 1-bed | 755 sqft | AED 694KAED 693,840 · Jul 2013July 2013 | 61,000 /yr | |
| 407 | 1-bed | 755 sqft | AED 359KAED 359,250 · Oct 2012October 2012 | 45,738 /yr | |
| 409 | Studio | 387 sqft | AED 420KAED 420,000 · Apr 2017April 2017 | 35,000 /yr |
408, Al Thamam 59 in numbers
- Sold 3 times: first on 15 June 2009 for AED 305,309, last on 13 January 2016 for AED 615,000 (AED 924 per sqft).
- Rented since August 2016 on 5 Ejari contracts. The rent fell from AED 57,000 to AED 34,000 in 2022 and recovered to AED 53,000 by October 2024.
- At AED 53,000 a year the gross yield on the 2016 price is 8.6%, before a service charge of about AED 10,700 a year (AED 16.07 per sqft).
- One-beds in Al Thamam 59 sold for AED 710,000–710,000 in the 12 months to November 2026; the building's median across all types is AED 880 per sqft.
Source: Dubai Land Department. Updated 1 October 2024.
Questions about 408, Al Thamam 59
What did unit 408 last sell for?
AED 615,000 on 13 January 2016: AED 924 per sqft for 665 sqft. The unit has 3 registered sales; the first was AED 305,309 in June 2009.
What is the rent for unit 408?
AED 53,000 a year on the contract signed on 1 October 2024. The previous contract, from October 2023, was AED 39,100; the unit has been rented since August 2016.
How big is unit 408?
665 sqft (61.8 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2011.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Thamam 59 sold for AED 710,000 to 710,000 in the last 12 months, around AED 940 per sqft.
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Mortgage on 408, Al Thamam 59
Starts from the last sale price (AED 615K, 13 January 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 615,000
- Deposit, UAE resident (20%)
- AED 123,000
- Deposit, non-resident (40%)
- AED 246,000
- Monthly over 25 years at 3.7%
- AED 2,516
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →