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2-bed · 1,116 sqftAl Thamam 59, Remraam · 5th floor · completed 2011

505, Al Thamam 59

Sold prices and rental history: sold 3 times, last in November 2016, and rented once, from January 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 9 November 2016
Last soldAED 895K9 November 2016
Current rentAED 52K /yr5 January 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Al Thamam 59

What is 505 worth today?

Last sold for AED 895,000 in 2016

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9 Nov 2016SoldReady
AED 895,000AED 801 per sqft
5 Jan 2013RentedNew contract
AED 52,000/yr12 months · AED 46 per sqft
3 Jan 2013SoldReady
AED 898,752AED 805 per sqft
9 Jun 2009Sold by developerOff-plan
AED 516,423AED 462 per sqft

Source: Dubai Land Department. Updated 9 November 2016.

Key facts

Type
2-bed apartment
Size
1,116 sqft
Floor
5th of 5
Parking
G-70
Developer
Remraam
Completed
2011
Service charge
AED 17,900 /yr
Last sold
AED 895K · November 2016
Building
Al Thamam 59

About 505, Al Thamam 59

505 is a two-bedroom apartment of 1,116 sqft on the 5th floor of Al Thamam 59, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 9 November 2016 for AED 895,000, or AED 801 per sqft.

One Ejari contract is registered, from 5 January 2013. The current contract, signed on 5 January 2013, is AED 52,000 a year: a gross yield of 5.8% on the 2016 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 59
500K1M2009201420192024Typical sale price by year: 2009 AED 914,347; 2012 AED 886,848; 2013 AED 906,550; 2014 AED 801,367; 2015 AED 458,602; 2017 AED 960,000; 2024 AED 850,000; 2025 AED 1,200,000Sold by developer, June 2009: AED 516,423 (AED 462 per sqft)Sold, January 2013: AED 898,752 (AED 805 per sqft)Sold, November 2016: AED 895,000 (AED 801 per sqft)

505 has sold 3 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 59
60K80K2013201720212025Typical rent by year: 2013 AED 56,500; 2014 AED 72,500; 2015 AED 75,000; 2016 AED 75,149; 2017 AED 77,500; 2018 AED 75,000; 2019 AED 58,000; 2020 AED 56,000; 2021 AED 52,000; 2022 AED 55,000; 2023 AED 58,000; 2024 AED 73,500; 2025 AED 68,000New contract, January 2013: AED 52,000 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 59, and where 505 sits

All 16 2-beds →

Over the last 12 months two-beds sold for AED 1,310,000, around AED 819 per sqft, and rent for AED 30,000 to 85,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Nov 20251,310,000
11 Sep 20251,250,000
9 Apr 20251,150,000
6 Mar 20251,125,000
1 2-bed sale in the last 12 months

Al Thamam 59

Building

48 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%
Al Thamam 59, Remraam: prices, sales and rents →

Other units on the 5th floor

All 48 units in Al Thamam 59
Value
5011-bedAED 350K · Sep 2021
5021-bedAED 450K · Jun 2023
5031-bedAED 705K · Sep 2025
5042-bedAED 985K · Dec 2024
5061-bedAED 660K · Feb 2017
5071-bedAED 710K · Sep 2026
5081-bedAED 700K · Jun 2013
1–7 of 8

505, Al Thamam 59 in numbers

  • Sold 3 times: first on 9 June 2009 for AED 516,423, last on 9 November 2016 for AED 895,000 (AED 801 per sqft).
  • Rented since January 2013 on one Ejari contract, at AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2016 price is 5.8%, before a service charge of about AED 17,900 a year (AED 16.07 per sqft).
  • Two-beds in Al Thamam 59 sold for AED 1,310,000–1,310,000 in the 12 months to November 2026; the building's median across all types is AED 880 per sqft.

Source: Dubai Land Department. Updated 9 November 2016.

Questions about 505, Al Thamam 59

What did unit 505 last sell for?

AED 895,000 on 9 November 2016: AED 801 per sqft for 1,116 sqft. The unit has 3 registered sales; the first was AED 516,423 in June 2009.

What is the rent for unit 505?

AED 52,000 a year on the contract signed on 5 January 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. Two-beds in Al Thamam 59 sold for AED 1,310,000 to 1,310,000 in the last 12 months, around AED 819 per sqft.

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Mortgage on 505, Al Thamam 59

Starts from the last sale price (AED 895K, 9 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 895,000
Deposit, UAE resident (20%)
AED 179,000
Deposit, non-resident (40%)
AED 358,000
Monthly over 25 years at 3.7%
AED 3,662

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