2-bed · 1,498 sqftAl Ramth 03, Remraam · 2nd floor · completed 2011

203, Al Ramth 03

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 2 July 2024
Last soldAED 950K2 July 2024
Current rentAED 65K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, Al Ramth 03

What is 203 worth today?

Last sold for AED 950,000 in 2024

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2 Jul 2024SoldReady
AED 950,000AED 634 per sqft
1 Jul 2022RentedNew contract
AED 65,000/yr12 months · AED 43 per sqft
26 Dec 2021RentedRenewal
AED 64,000/yr12 months · AED 43 per sqft
26 Dec 2020RentedRenewal
AED 64,000/yr12 months · AED 43 per sqft
26 Dec 2017RentedNew contract
AED 83,000/yr12 months · AED 55 per sqft
26 Dec 2016RentedNew contract
AED 83,000/yr12 months · AED 55 per sqft
1 Mar 2016RentedRenewal
AED 85,000/yr12 months · AED 57 per sqft
1 Mar 2015RentedNew contract
AED 85,000/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 2 July 2024.

Key facts

Type
2-bed apartment
Size
1,498 sqft
Floor
2nd of 5
Parking
G-41
Developer
Remraam
Completed
2011
Service charge
AED 23,000 /yr
Last sold
AED 950K · July 2024
Building
Al Ramth 03

About 203, Al Ramth 03

203 is a two-bedroom apartment of 1,498 sqft on the 2nd floor of Al Ramth 03, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 2 July 2024 for AED 950,000, or AED 634 per sqft.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 1 July 2022, is AED 65,000 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 23,000 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical two-bed in Al Ramth 03
500K1M2014201720202023Typical sale price by year: 2014 AED 1,014,675; 2015 AED 986,000; 2016 AED 1,002,225; 2021 AED 460,000; 2024 AED 950,000Sold by developer, December 2014: AED 1,264,000 (AED 843 per sqft)Sold, July 2024: AED 950,000 (AED 634 per sqft)

203 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 203, each contractTypical two-bed in Al Ramth 03
60K80K20142017202020232026Typical rent by year: 2014 AED 77,000; 2015 AED 80,000; 2016 AED 80,000; 2017 AED 77,500; 2018 AED 75,000; 2019 AED 67,500; 2020 AED 55,500; 2021 AED 48,000; 2022 AED 62,500; 2023 AED 66,600; 2024 AED 82,000; 2025 AED 78,000New contract, March 2015: AED 85,000 a yearRenewal, March 2016: AED 85,000 a yearNew contract, December 2016: AED 83,000 a yearNew contract, December 2017: AED 83,000 a yearRenewal, December 2020: AED 64,000 a yearRenewal, December 2021: AED 64,000 a yearNew contract, July 2022: AED 65,000 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 Ramth 03, and where 203 sits

All 14 2-beds →
Recent 2-bed salesUnit no.Price (AED)Summary
16 Jul 20241,045,000
10 Jan 2024850,000
10 May 2023623,130
8 Nov 2022620,000
0 2-bed sales in the last 12 months

Al Ramth 03

Building

44 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 112K /yr
Typical yield
Al Ramth 03, Remraam: prices, sales and rents →

Other units on the 2nd floor

All 44 units in Al Ramth 03
Value
2011-bedAED 370K · Jun 2022
2022-bedAED 1.05M · Jul 2024
2042-bedAED 986K · Jan 2015
2052-bedAED 850K · Jan 2024
2072-bedAED 1.26M · Jan 2015
2081-bedAED 610K · May 2024
209StudioAED 270K · Mar 2023

203, Al Ramth 03 in numbers

  • Sold twice: first on 10 December 2014 for AED 1,264,000, last on 2 July 2024 for AED 950,000 (AED 634 per sqft).
  • Rented since March 2015 on 7 Ejari contracts, from AED 85,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 23,000 a year (AED 15.34 per sqft).

Source: Dubai Land Department. Updated 2 July 2024.

Questions about 203, Al Ramth 03

What did unit 203 last sell for?

AED 950,000 on 2 July 2024: AED 634 per sqft for 1,498 sqft. The unit has 2 registered sales; the first was AED 1,264,000 in December 2014.

What is the rent for unit 203?

AED 65,000 a year on the contract signed on 1 July 2022. The previous contract, from December 2021, was AED 64,000; the unit has been rented since March 2015.

How big is unit 203?

1,498 sqft (139.2 sqm): a two-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2011.

What is unit 203 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 203, Al Ramth 03

Starts from the last sale price (AED 950K, 2 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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