509, Al Ramth 37
Sold prices and rental history: sold once, by the developer in October 2013, 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 509, Al Ramth 37
What is 509 worth today?
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Source: Dubai Land Department. Updated 15 February 2021.
Key facts
- Type
- Studio apartment
- Size
- 387 sqft
- Floor
- 5th of 7
- Parking
- G-92
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 5,900 /yr
- Last sold
- AED 338K · October 2013
- Building
- Al Ramth 37
About 509, Al Ramth 37
509 is a studio of 387 sqft on the 5th floor of Al Ramth 37, a 7-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 22 October 2013 for AED 338,406, or AED 874 per sqft, in line with the AED 874 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 15 February 2021, is AED 18,000 a year: a gross yield of 5.3% on the 2013 price, before the service charge of about AED 5,900 a year.
Sales and rents for 509 over time
509 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Al Ramth 37, and where 509 sits
All 6 studios →509 last sold in October 2013 at AED 874 per sqft, in line with what studios in Al Ramth 37 were fetching at the time (AED 874).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Apr 20236 April 2023 | 387 sqft | 275,000 | 710 | ||
| 29 Jun 202229 June 2022 | 387 sqft | 245,000 | 633 | ||
| 26 May 201926 May 2019 | 387 sqft | 300,000 | 775 | ||
| 21 Feb 201621 February 2016 | 387 sqft | 351,000 | 907 |
Al Ramth 37
Building62 apartments, studios to 3-bed over 7 floors in Remraam, completed in 2011 by Remraam. 1 sold in the last 12 months.
- Typical price per sqft
- AED 981
- Typical sale
- AED 990K
- Typical rent
- AED 47K /yr
- Typical yield
- 6.9%
Other units on the 5th floor
All 62 units in Al Ramth 37| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 665 sqft | AED 662KAED 662,000 · Nov 2014November 2014 | 53,000 /yr | |
| 502 | 1-bed | 755 sqft | AED 400KAED 400,000 · Feb 2022February 2022 | 50,000 /yr | |
| 503 | 1-bed | 773 sqft | AED 770KAED 770,000 · Feb 2015February 2015 | 57,000 /yr | |
| 504 | 2-bed | 1,009 sqft | AED 985KAED 985,000 · Jun 2014June 2014 | 68,400 /yr | |
| 505 | 2-bed | 1,009 sqft | AED 900KAED 900,000 · May 2025May 2025 | 60,666 /yr | |
| 506 | 1-bed | 773 sqft | AED 370KAED 370,000 · Sep 2022September 2022 | 40,000 /yr | |
| 507 | 1-bed | 755 sqft | AED 630KAED 630,000 · Mar 2025March 2025 | 39,600 /yr | |
| 508 | 1-bed | 689 sqft | AED 565KAED 565,000 · Jan 2025January 2025 | 65,000 /yr |
509, Al Ramth 37 in numbers
- Sold once: by Remraam on 22 October 2013 for AED 338,406, or AED 874 per sqft.
- Rented since December 2014 on 4 Ejari contracts, from AED 40,000 to AED 18,000 a year.
- At AED 18,000 a year the gross yield on the 2013 price is 5.3%, before a service charge of about AED 5,900 a year (AED 15.34 per sqft).
Source: Dubai Land Department. Updated 15 February 2021.
Questions about 509, Al Ramth 37
What did unit 509 last sell for?
AED 338,406 on 22 October 2013, sold by the developer: AED 874 per sqft for 387 sqft. It is the only registered sale of the unit.
What is the rent for unit 509?
AED 18,000 a year on the contract signed on 15 February 2021. The previous contract, from December 2019, was AED 30,000; the unit has been rented since December 2014.
How big is unit 509?
387 sqft (36.0 sqm): a studio on the 5th floor of a 7-storey tower completed in 2011.
What is unit 509 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 509, Al Ramth 37
Starts from the last sale price (AED 338K, 22 October 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 338,406
- Deposit, UAE resident (20%)
- AED 67,681
- Deposit, non-resident (40%)
- AED 135,362
- Monthly over 25 years at 3.7%
- AED 1,385
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →