506, Al Ramth 01
Sold prices and rental history: sold once, by the developer in October 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Al Ramth 01
What is 506 worth today?
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Source: Dubai Land Department. Updated 10 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 777 sqft
- Floor
- 5th of 5
- Parking
- G-90
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 11,900 /yr
- Last sold
- AED 773K · October 2014
- Building
- Al Ramth 01
About 506, Al Ramth 01
506 is a one-bedroom apartment of 777 sqft on the 5th floor of Al Ramth 01, a 5-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 28 October 2014 for AED 773,000, or AED 995 per sqft, in line with the AED 1,012 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 10 September 2024, is AED 57,000 a year: a gross yield of 7.4% on the 2014 price, before the service charge of about AED 11,900 a year.
Sales and rents for 506 over time
506 has sold once; 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 Ramth 01, and where 506 sits
All 21 1-beds →506 last sold in October 2014 at AED 995 per sqft, in line with what one-beds in Al Ramth 01 were fetching at the time (AED 1,012).
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Jul 20244 July 2024 | 758 sqft | 568,000 | 749 | ||
| 1 Jul 20241 July 2024 | 1,182 sqft | 665,000 | 562 | ||
| 28 Sep 202328 September 2023 | 758 sqft | 500,000 | 659 | ||
| 11 Nov 202211 November 2022 | 758 sqft | 420,000 | 553 |
Al Ramth 01
Building45 apartments, studios to 3-bed over 5 floors in Remraam, completed in 2011 by Remraam. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 51K /yr
- Typical yield
Other units on the 5th floor
All 45 units in Al Ramth 01| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 665 sqft | AED 662KAED 662,000 · Nov 2014November 2014 | 53,000 /yr | |
| 502 | 1-bed | 777 sqft | AED 786KAED 786,380 · Dec 2013December 2013 | 41,000 /yr | |
| 503 | 1-bed | 777 sqft | AED 786KAED 786,380 · Dec 2013December 2013 | 30,000 /yr | |
| 504 | 2-bed | 1,109 sqft | AED 552KAED 552,000 · Jan 2015January 2015 | 47,500 /yr | |
| 505 | 2-bed | 1,109 sqft | AED 920KAED 920,000 · Oct 2024October 2024 | 79,807 /yr | |
| 507 | 1-bed | 777 sqft | AED 786KAED 786,380 · Dec 2013December 2013 | 28,000 /yr | |
| 508 | 1-bed | 689 sqft | AED 686KAED 686,000 · Feb 2015February 2015 | ||
| 509 | Studio | 468 sqft | AED 264KAED 264,000 · Nov 2022November 2022 | 35,000 /yr |
506, Al Ramth 01 in numbers
- Sold once: by Remraam on 28 October 2014 for AED 773,000, or AED 995 per sqft.
- Rented since December 2015 on 8 Ejari contracts. The rent fell from AED 60,000 to AED 30,000 in 2021 and recovered to AED 57,000 by September 2024.
- At AED 57,000 a year the gross yield on the 2014 price is 7.4%, before a service charge of about AED 11,900 a year (AED 15.34 per sqft).
Source: Dubai Land Department. Updated 10 September 2024.
Questions about 506, Al Ramth 01
What did unit 506 last sell for?
AED 773,000 on 28 October 2014, sold by the developer: AED 995 per sqft for 777 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 57,000 a year on the contract signed on 10 September 2024. The previous contract, from August 2023, was AED 34,000; the unit has been rented since December 2015.
How big is unit 506?
777 sqft (72.2 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.
What is unit 506 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 506, Al Ramth 01
Starts from the last sale price (AED 773K, 28 October 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 773,000
- Deposit, UAE resident (20%)
- AED 154,600
- Deposit, non-resident (40%)
- AED 309,200
- Monthly over 25 years at 3.7%
- AED 3,163
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →