502, Al Ramth 41
Sold prices and rental history: sold 3 times, last in May 2024, 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 502, Al Ramth 41
What is 502 worth today?
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Source: Dubai Land Department. Updated 23 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 774 sqft
- Floor
- 5th of 5
- Parking
- G-85
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 11,900 /yr
- Last sold
- AED 520K · May 2024
- Building
- Al Ramth 41
About 502, Al Ramth 41
502 is a one-bedroom apartment of 774 sqft on the 5th floor of Al Ramth 41, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 23 May 2024 for AED 520,000, or AED 671 per sqft, in line with the AED 671 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 7 August 2023, is AED 38,000 a year: a gross yield of 7.3% on the 2024 price, before the service charge of about AED 11,900 a year.
Sales and rents for 502 over time
502 has sold 3 times; 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 41, and where 502 sits
All 21 1-beds →502 last sold in May 2024 at AED 671 per sqft, in line with what one-beds in Al Ramth 41 were fetching at the time (AED 671).
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Oct 202416 October 2024 | 669 sqft | 500,000 | 747 | ||
| 2 Sep 20242 September 2024 | 1,156 sqft | 680,000 | 587 | ||
| 10 Jun 202410 June 2024 | 1,150 sqft | 620,000 | 539 | ||
| 21 Mar 202421 March 2024 | 774 sqft | 582,000 | 752 |
Al Ramth 41
Building43 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 58K /yr
- Typical yield
Other units on the 5th floor
All 43 units in Al Ramth 41| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 669 sqft | AED 583KAED 583,397 · Oct 2013October 2013 | 45,000 /yr | |
| 503 | 1-bed | 774 sqft | AED 582KAED 582,000 · Mar 2024March 2024 | 60,000 /yr | |
| 504 | 2-bed | 1,113 sqft | AED 1.11MAED 1,107,000 · Mar 2015March 2015 | 72,000 /yr | |
| 505 | 2-bed | 1,113 sqft | AED 900KAED 900,000 · Dec 2024December 2024 | 44,000 /yr | |
| 506 | 1-bed | 774 sqft | AED 355KAED 355,236 · Dec 2022December 2022 | 47,000 /yr | |
| 508 | 1-bed | 668 sqft | AED 498KAED 498,246 · Jul 2014July 2014 | 34,000 /yr | |
| 509 | Studio | 401 sqft | AED 445KAED 445,000 · Mar 2025March 2025 | 46,500 /yr |
502, Al Ramth 41 in numbers
- Sold 3 times: first on 17 November 2014 for AED 385,500, last on 23 May 2024 for AED 520,000 (AED 671 per sqft).
- Rented since January 2015 on 5 Ejari contracts. The rent fell from AED 55,000 to AED 30,000 in 2021 and recovered to AED 38,000 by August 2023.
- At AED 38,000 a year the gross yield on the 2024 price is 7.3%, before a service charge of about AED 11,900 a year (AED 15.34 per sqft).
Source: Dubai Land Department. Updated 23 May 2024.
Questions about 502, Al Ramth 41
What did unit 502 last sell for?
AED 520,000 on 23 May 2024: AED 671 per sqft for 774 sqft. The unit has 3 registered sales; the first was AED 385,500 in November 2014.
What is the rent for unit 502?
AED 38,000 a year on the contract signed on 7 August 2023. The previous contract, from August 2022, was AED 32,000; the unit has been rented since January 2015.
How big is unit 502?
774 sqft (71.9 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.
What is unit 502 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 502, Al Ramth 41
Starts from the last sale price (AED 520K, 23 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 520,000
- Deposit, UAE resident (20%)
- AED 104,000
- Deposit, non-resident (40%)
- AED 208,000
- Monthly over 25 years at 3.7%
- AED 2,127
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →