407, Al Ramth 03
Sold prices and rental history: sold 3 times, last in February 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Al Ramth 03
What is 407 worth today?
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Source: Dubai Land Department. Updated 25 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 506 sqft
- Floor
- 4th of 5
- Parking
- G-63
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 7,800 /yr
- Last sold
- AED 320K · February 2022
- Building
- Al Ramth 03
About 407, Al Ramth 03
407 is a one-bedroom apartment of 506 sqft on the 4th floor of Al Ramth 03, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 17 February 2022 for AED 320,000, or AED 632 per sqft, in line with the AED 636 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 25 August 2024, is AED 40,000 a year: a gross yield of 12.5% on the 2022 price, before the service charge of about AED 7,800 a year.
Sales and rents for 407 over time
407 has sold twice; 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 03, and where 407 sits
All 21 1-beds →407 last sold in February 2022 at AED 632 per sqft, in line with what one-beds in Al Ramth 03 were fetching at the time (AED 636).
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 May 20259 May 2025 | 1,158 sqft | 695,000 | 600 | ||
| 4 Mar 20254 March 2025 | 689 sqft | 610,000 | 885 | ||
| 25 Jul 202425 July 2024 | 777 sqft | 620,000 | 798 | ||
| 1 May 20241 May 2024 | 665 sqft | 610,000 | 917 |
Al Ramth 03
Building44 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
Other units on the 4th floor
All 44 units in Al Ramth 03| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 689 sqft | AED 290KAED 290,000 · Dec 2021December 2021 | 56,000 /yr | |
| 402 | 1-bed | 400 sqft | AED 320KAED 320,000 · Feb 2022February 2022 | 48,300 /yr | |
| 403 | 1-bed | 506 sqft | AED 320KAED 320,000 · Dec 2021December 2021 | 50,800 /yr | |
| 404 | 2-bed | 1,006 sqft | AED 460KAED 460,000 · Dec 2021December 2021 | 92,400 /yr | |
| 405 | 2-bed | 671 sqft | AED 430KAED 430,000 · Dec 2021December 2021 | 156,000 /yr | |
| 406 | 1-bed | 758 sqft | AED 320KAED 320,000 · Dec 2021December 2021 | 50,600 /yr | |
| 408 | 1-bed | 444 sqft | AED 280KAED 280,000 · Dec 2021December 2021 | 65,000 /yr | |
| 409 | Studio | 468 sqft | AED 200KAED 200,000 · Dec 2021December 2021 | 29,150 /yr |
407, Al Ramth 03 in numbers
- Sold 3 times: first on 22 April 2014 for AED 781,585, last on 17 February 2022 for AED 320,000 (AED 632 per sqft).
- Rented since February 2014 on 7 Ejari contracts. The rent fell from AED 55,000 to AED 30,000 in 2021 and recovered to AED 40,000 by August 2024.
- At AED 40,000 a year the gross yield on the 2022 price is 12.5%, before a service charge of about AED 7,800 a year (AED 15.34 per sqft).
Source: Dubai Land Department. Updated 25 August 2024.
Questions about 407, Al Ramth 03
What did unit 407 last sell for?
AED 320,000 on 17 February 2022: AED 632 per sqft for 506 sqft. The unit has 3 registered sales; the first was AED 781,585 in April 2014.
What is the rent for unit 407?
AED 40,000 a year on the contract renewed on 25 August 2024. The previous contract, from August 2023, was AED 36,000; the unit has been rented since February 2014.
How big is unit 407?
506 sqft (47.0 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2011.
What is unit 407 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 407, Al Ramth 03
Starts from the last sale price (AED 320K, 17 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 320,000
- Deposit, UAE resident (20%)
- AED 64,000
- Deposit, non-resident (40%)
- AED 128,000
- Monthly over 25 years at 3.7%
- AED 1,309
Plus AED 16,350 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →