505, Al Thamam 02
Sold prices and rental history: sold once, by the developer in August 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Al Thamam 02
What is 505 worth today?
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Source: Dubai Land Department. Updated 23 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,116 sqft
- Floor
- 5th of 5
- Parking
- G-70
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 17,900 /yr
- Last sold
- AED 1.12M · August 2013
- Building
- Al Thamam 02
About 505, Al Thamam 02
505 is a two-bedroom apartment of 1,116 sqft on the 5th floor of Al Thamam 02, a 5-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 14 August 2013 for AED 1,121,760, or AED 1,005 per sqft, 10% above the AED 912 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 23 May 2024, is AED 75,000 a year: a gross yield of 6.7% on the 2013 price, before the service charge of about AED 17,900 a year.
Sales and rents for 505 over time
505 has sold once; 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 Thamam 02, and where 505 sits
All 14 2-beds →505 last sold in August 2013 at AED 1,005 per sqft, 10% above what two-beds in Al Thamam 02 were fetching at the time (AED 912).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 May 202529 May 2025 | 1,599 sqft | 1,000,000 | 625 | ||
| 9 Oct 20249 October 2024 | 1,018 sqft | 960,000 | 942 | ||
| 20 Jun 202420 June 2024 | 1,018 sqft | 980,000 | 962 | ||
| 7 Dec 20237 December 2023 | 1,009 sqft | 750,000 | 743 |
Al Thamam 02
Building47 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 55K /yr
- Typical yield
Other units on the 5th floor
All 47 units in Al Thamam 02| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 689 sqft | AED 390KAED 390,000 · Sep 2022September 2022 | 31,560 /yr | |
| 502 | 1-bed | 755 sqft | AED 692KAED 691,740 · Apr 2013April 2013 | 50,000 /yr | |
| 503 | 1-bed | 773 sqft | AED 650KAED 650,000 · Oct 2024October 2024 | 60,000 /yr | |
| 504 | 2-bed | 1,116 sqft | AED 600KAED 600,000 · Dec 2022December 2022 | 69,300 /yr | |
| 506 | 1-bed | 773 sqft | AED 750KAED 750,000 · Feb 2017February 2017 | 32,000 /yr | |
| 507 | 1-bed | 755 sqft | AED 696KAED 696,010 · Apr 2013April 2013 | 45,150 /yr | |
| 508 | 1-bed | 665 sqft | AED 700KAED 700,280 · Jul 2015July 2015 | 55,000 /yr | |
| 509 | Studio | 387 sqft | AED 422KAED 422,300 · Aug 2013August 2013 | 42,000 /yr |
505, Al Thamam 02 in numbers
- Sold once: by Remraam on 14 August 2013 for AED 1,121,760, or AED 1,005 per sqft.
- Rented since November 2013 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 55,000 in 2020 and recovered to AED 75,000 by May 2024.
- At AED 75,000 a year the gross yield on the 2013 price is 6.7%, before a service charge of about AED 17,900 a year (AED 16.07 per sqft).
Source: Dubai Land Department. Updated 23 May 2024.
Questions about 505, Al Thamam 02
What did unit 505 last sell for?
AED 1,121,760 on 14 August 2013, sold by the developer: AED 1,005 per sqft for 1,116 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 75,000 a year on the contract renewed on 23 May 2024. The previous contract, from August 2020, was AED 55,000; the unit has been rented since November 2013.
How big is unit 505?
1,116 sqft (103.7 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.
What is unit 505 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 505, Al Thamam 02
Starts from the last sale price (AED 1.12M, 14 August 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,121,760
- Deposit, UAE resident (20%)
- AED 224,352
- Deposit, non-resident (40%)
- AED 448,704
- Monthly over 25 years at 3.7%
- AED 4,589
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →