408, Al Thamam 11
Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Al Thamam 11
What is 408 worth today?
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Source: Dubai Land Department. Updated 31 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 665 sqft
- Floor
- 4th of 7
- Parking
- G-64
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 10,700 /yr
- Last sold
- AED 531K · May 2009
- Building
- Al Thamam 11
About 408, Al Thamam 11
408 is a one-bedroom apartment of 665 sqft on the 4th floor of Al Thamam 11, a 7-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 20 May 2009 for AED 531,357, or AED 798 per sqft, 10% below the AED 886 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 31 August 2024, is AED 41,745 a year: a gross yield of 7.9% on the 2009 price, before the service charge of about AED 10,700 a year.
Sales and rents for 408 over time
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Al Thamam 11, and where 408 sits
All 29 1-beds →408 last sold in May 2009 at AED 798 per sqft, 10% below what one-beds in Al Thamam 11 were fetching at the time (AED 886). 408's AED 41,745 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Dec 201529 December 2015 | 773 sqft | 351,330 | 454 | ||
| 20 May 200920 May 2009 | 1,148 sqft | 855,459 | 744 | ||
| 20 May 200920 May 2009 | 689 sqft | 629,036 | 913 | ||
| 20 May 200920 May 2009 | 755 sqft | 605,297 | 801 |
Al Thamam 11
Building63 apartments, studios to 3-bed over 7 floors in Remraam, completed in 2011 by Remraam. 2 sold in the last 12 months.
- Typical price per sqft
- AED 941
- Typical sale
- AED 1.45M
- Typical rent
- AED 61K /yr
- Typical yield
- 7.1%
Other units on the 4th floor
All 63 units in Al Thamam 11| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 689 sqft | AED 549KAED 549,263 · May 2009May 2009 | 48,129 /yr | |
| 402 | 1-bed | 755 sqft | AED 597KAED 597,193 · May 2009May 2009 | 56,000 /yr | |
| 403 | 1-bed | 755 sqft | AED 605KAED 605,297 · May 2009May 2009 | 41,503 /yr | |
| 404 | 2-bed | 1,009 sqft | AED 821KAED 820,701 · May 2009May 2009 | 63,888 /yr | |
| 405 | 2-bed | 1,009 sqft | AED 821KAED 820,701 · May 2009May 2009 | 62,618 /yr | |
| 406 | 1-bed | 755 sqft | AED 605KAED 605,297 · May 2009May 2009 | 45,738 /yr | |
| 407 | 1-bed | 755 sqft | AED 597KAED 597,193 · May 2009May 2009 | 43,560 /yr | |
| 409 | Studio | 387 sqft | AED 385KAED 385,000 · Dec 2024December 2024 | 40,000 /yr |
408, Al Thamam 11 in numbers
- Sold once: by Remraam on 20 May 2009 for AED 531,357, or AED 798 per sqft.
- Rented since August 2017 on 5 Ejari contracts. The rent fell from AED 53,000 to AED 30,000 in 2020 and recovered to AED 41,745 by August 2024.
- At AED 41,745 a year the gross yield on the 2009 price is 7.9%, before a service charge of about AED 10,700 a year (AED 16.07 per sqft).
Source: Dubai Land Department. Updated 31 August 2024.
Questions about 408, Al Thamam 11
What did unit 408 last sell for?
AED 531,357 on 20 May 2009, sold by the developer: AED 798 per sqft for 665 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 41,745 a year on the contract renewed on 31 August 2024. The previous contract, from September 2020, was AED 30,000; the unit has been rented since August 2017.
How big is unit 408?
665 sqft (61.8 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.
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Mortgage on 408, Al Thamam 11
Starts from the last sale price (AED 531K, 20 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 531,357
- Deposit, UAE resident (20%)
- AED 106,271
- Deposit, non-resident (40%)
- AED 212,543
- Monthly over 25 years at 3.7%
- AED 2,174
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →