G03, Al Ramth 47
Sold prices and rental history: sold twice, last in June 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for G03, Al Ramth 47
What is G03 worth today?
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Source: Dubai Land Department. Updated 1 December 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,598 sqft
- Floor
- Ground of 5
- Parking
- G-36
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 24,500 /yr
- Last sold
- AED 640K · June 2021
- Building
- Al Ramth 47
About G03, Al Ramth 47
G03 is a two-bedroom apartment of 1,598 sqft on the ground floor of Al Ramth 47, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 17 June 2021 for AED 640,000, or AED 400 per sqft, in line with the AED 400 two-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 December 2022, is AED 68,000 a year: a gross yield of 10.6% on the 2021 price, before the service charge of about AED 24,500 a year.
Sales and rents for G03 over time
G03 has sold twice; the dashed line is the two-bed median of each year in the building.
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 47, and where G03 sits
All 16 2-beds →G03 last sold in June 2021 at AED 400 per sqft, in line with what two-beds in Al Ramth 47 were fetching at the time (AED 400).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Feb 20248 February 2024 | 1,498 sqft | 950,000 | 634 | ||
| 12 Dec 202312 December 2023 | 1,006 sqft | 950,000 | 944 | ||
| 3 Aug 20233 August 2023 | 1,498 sqft | 1,050,000 | 700 | ||
| 6 Jul 20226 July 2022 | 1,498 sqft | 795,000 | 530 |
Al Ramth 47
Building43 apartments, studios to 3-bed over 5 floors in Remraam, completed in 2011 by Remraam. 4 sold in the last 12 months.
- Typical price per sqft
- AED 908
- Typical sale
- AED 615K
- Typical rent
- AED 85K /yr
- Typical yield
- 9.3%
Other units on the ground floor
All 43 units in Al Ramth 47G03, Al Ramth 47 in numbers
- Sold twice: first on 24 July 2014 for AED 1,175,000, last on 17 June 2021 for AED 640,000 (AED 400 per sqft).
- Rented since October 2018 on 3 Ejari contracts, from AED 80,000 to AED 68,000 a year.
- At AED 68,000 a year the gross yield on the 2021 price is 10.6%, before a service charge of about AED 24,500 a year (AED 15.34 per sqft).
Source: Dubai Land Department. Updated 1 December 2022.
Questions about G03, Al Ramth 47
What did unit G03 last sell for?
AED 640,000 on 17 June 2021: AED 400 per sqft for 1,598 sqft. The unit has 2 registered sales; the first was AED 1,175,000 in July 2014.
What is the rent for unit G03?
AED 68,000 a year on the contract signed on 1 December 2022. The previous contract, from October 2019, was AED 76,000; the unit has been rented since October 2018.
How big is unit G03?
1,598 sqft (148.5 sqm): a two-bedroom apartment on the ground floor of a 5-storey tower completed in 2011.
What is unit G03 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 G03, Al Ramth 47
Starts from the last sale price (AED 640K, 17 June 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 640,000
- Deposit, UAE resident (20%)
- AED 128,000
- Deposit, non-resident (40%)
- AED 256,000
- Monthly over 25 years at 3.7%
- AED 2,618
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →