408, Al Ramth 45
Sold prices and rental history: sold once, by the developer in April 2015, 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 408, Al Ramth 45
What is 408 worth today?
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Source: Dubai Land Department. Updated 2 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 689 sqft
- Floor
- 4th of 7
- Parking
- G-99
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 10,600 /yr
- Last sold
- AED 344K · April 2015
- Building
- Al Ramth 45
About 408, Al Ramth 45
408 is a one-bedroom apartment of 689 sqft on the 4th floor of Al Ramth 45, a 7-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 5 April 2015 for AED 343,523, or AED 498 per sqft, 46% below the AED 921 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 2 July 2024, is AED 44,000 a year: a gross yield of 12.8% on the 2015 price, before the service charge of about AED 10,600 a year.
Sales and rents for 408 over time
408 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 45, and where 408 sits
All 25 1-beds →408 last sold in April 2015 at AED 498 per sqft, 46% below what one-beds in Al Ramth 45 were fetching at the time (AED 921). Over the last 12 months one-beds sold for AED 800,000, around AED 690 per sqft, and rent for AED 45,000 to 74,000 a year. 408's AED 44,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Dec 202325 December 2023 | 665 sqft | 460,000 | 691 | ||
| 15 Dec 202315 December 2023 | 758 sqft | 440,000 | 580 | ||
| 30 Nov 202330 November 2023 | 689 sqft | 420,000 | 609 | ||
| 9 Aug 20239 August 2023 | 777 sqft | 460,000 | 592 |
Al Ramth 45
Building58 apartments, studios to 3-bed over 7 floors in Remraam, completed in 2011 by Remraam. 4 sold in the last 12 months.
- Typical price per sqft
- AED 884
- Typical sale
- AED 640K
- Typical rent
- AED 58K /yr
- Typical yield
- 8.7%
Other units on the 4th floor
All 58 units in Al Ramth 45| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 665 sqft | AED 659KAED 659,000 · Jun 2014June 2014 | 48,703 /yr | |
| 402 | 1-bed | 758 sqft | AED 751KAED 751,000 · Aug 2014August 2014 | 40,000 /yr | |
| 403 | 1-bed | 758 sqft | AED 460KAED 460,000 · Aug 2019August 2019 | 57,750 /yr | |
| 404 | 2-bed | 1,006 sqft | AED 870KAED 870,249 · Jun 2014June 2014 | ||
| 405 | 2-bed | 1,006 sqft | AED 448KAED 447,500 · Jan 2017January 2017 | 62,300 /yr | |
| 406 | 1-bed | 758 sqft | AED 440KAED 440,000 · Dec 2023December 2023 | 57,600 /yr | |
| 407 | 1-bed | 758 sqft | AED 751KAED 751,000 · Jun 2014June 2014 | 60,000 /yr | |
| 409 | Studio | 468 sqft | AED 480KAED 480,000 · Jan 2026January 2026 | 31,000 /yr |
408, Al Ramth 45 in numbers
- Sold once: by Remraam on 5 April 2015 for AED 343,523, or AED 498 per sqft.
- Rented since April 2015 on 9 Ejari contracts. The rent fell from AED 56,000 to AED 30,000 in 2021 and recovered to AED 44,000 by July 2024.
- At AED 44,000 a year the gross yield on the 2015 price is 12.8%, before a service charge of about AED 10,600 a year (AED 15.34 per sqft).
- One-beds in Al Ramth 45 sold for AED 800,000–800,000 in the 12 months to November 2026; the building's median across all types is AED 884 per sqft.
Source: Dubai Land Department. Updated 2 July 2024.
Questions about 408, Al Ramth 45
What did unit 408 last sell for?
AED 343,523 on 5 April 2015, sold by the developer: AED 498 per sqft for 689 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 44,000 a year on the contract renewed on 2 July 2024. The previous contract, from July 2023, was AED 40,000; the unit has been rented since April 2015.
How big is unit 408?
689 sqft (64.0 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower completed in 2011.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Ramth 45 sold for AED 800,000 to 800,000 in the last 12 months, around AED 690 per sqft.
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Mortgage on 408, Al Ramth 45
Starts from the last sale price (AED 344K, 5 April 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 343,523
- Deposit, UAE resident (20%)
- AED 68,705
- Deposit, non-resident (40%)
- AED 137,409
- Monthly over 25 years at 3.7%
- AED 1,405
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →