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2-bed · 1,004 sqftAl Thamam 14, Remraam · 4th floor · completed 2011

407, Al Thamam 14

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.

Unit 407 · DLD and Ejari recordsUpdated 21 November 2023
Last soldAED 892K20 May 2009
Current rentAED 58K /yr21 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Al Thamam 14

What is 407 worth today?

Last sold for AED 892,447 in 2009

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21 Nov 2023RentedRenewal
AED 57,906/yr12 months · AED 58 per sqft
21 Nov 2022RentedRenewal
AED 55,000/yr12 months · AED 55 per sqft
21 Nov 2021RentedNew contract
AED 50,000/yr12 months · AED 50 per sqft
8 Oct 2020RentedNew contract
AED 55,100/yr12 months · AED 55 per sqft
8 Oct 2019RentedNew contract
AED 58,000/yr12 months · AED 58 per sqft
16 Aug 2018RentedRenewal
AED 71,250/yr12 months · AED 71 per sqft
16 Aug 2017RentedNew contract
AED 75,000/yr12 months · AED 75 per sqft
1 Aug 2017RentedNew contract
AED 75,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 21 November 2023.

Key facts

Type
2-bed apartment
Size
1,004 sqft
Floor
4th of 6
Parking
G-108
Developer
Remraam
Completed
2011
Service charge
AED 16,100 /yr
Last sold
AED 892K · May 2009
Building
Al Thamam 14

About 407, Al Thamam 14

407 is a two-bedroom apartment of 1,004 sqft on the 4th floor of Al Thamam 14, a 6-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 20 May 2009 for AED 892,447, or AED 889 per sqft, in line with the AED 901 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 21 November 2023, is AED 57,906 a year: a gross yield of 6.5% on the 2009 price, before the service charge of about AED 16,100 a year.

Sales and rents for 407 over time

Rents
Unit 407, each contractTypical two-bed in Al Thamam 14
60K80K2017202020232026Typical rent by year: 2017 AED 80,000; 2018 AED 73,000; 2019 AED 65,883; 2020 AED 55,900; 2021 AED 51,000; 2022 AED 54,000; 2023 AED 58,642; 2024 AED 63,977; 2025 AED 64,484New contract, August 2017: AED 75,000 a yearNew contract, August 2017: AED 75,000 a yearRenewal, August 2018: AED 71,250 a yearNew contract, October 2019: AED 58,000 a yearNew contract, October 2020: AED 55,100 a yearNew contract, November 2021: AED 50,000 a yearRenewal, November 2022: AED 55,000 a yearRenewal, November 2023: AED 57,906 a year

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 14, and where 407 sits

All 22 2-beds →

407 last sold in May 2009 at AED 889 per sqft, in line with what two-beds in Al Thamam 14 were fetching at the time (AED 901).

Recent 2-bed salesUnit no.Price (AED)Summary
2 Jun 20251,260,000
16 Apr 20251,150,000
24 Oct 2024923,626
1 Oct 2024923,626
0 2-bed sales in the last 12 months

Al Thamam 14

Building

71 apartments, studios to 3-bed over 6 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 68K /yr
Typical yield
Al Thamam 14, Remraam: prices, sales and rents →

Other units on the 4th floor

All 71 units in Al Thamam 14
Value
401StudioAED 449K · May 2009
4021-bedAED 812K · May 2009
4031-bedAED 777K · May 2009
4042-bedAED 892K · May 2009
4051-bedAED 617K · May 2009
4061-bedAED 617K · May 2009
4081-bedAED 777K · May 2009
1–7 of 10

407, Al Thamam 14 in numbers

  • Sold once: by Remraam on 20 May 2009 for AED 892,447, or AED 889 per sqft.
  • Rented since August 2017 on 8 Ejari contracts. The rent fell from AED 75,000 to AED 50,000 in 2021 and recovered to AED 57,906 by November 2023.
  • At AED 57,906 a year the gross yield on the 2009 price is 6.5%, before a service charge of about AED 16,100 a year (AED 16.07 per sqft).

Source: Dubai Land Department. Updated 21 November 2023.

Questions about 407, Al Thamam 14

What did unit 407 last sell for?

AED 892,447 on 20 May 2009, sold by the developer: AED 889 per sqft for 1,004 sqft. It is the only registered sale of the unit.

What is the rent for unit 407?

AED 57,906 a year on the contract renewed on 21 November 2023. The previous contract, from November 2022, was AED 55,000; the unit has been rented since August 2017.

How big is unit 407?

1,004 sqft (93.3 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2011.

What is unit 407 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 407, Al Thamam 14

Starts from the last sale price (AED 892K, 20 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 892,447
Deposit, UAE resident (20%)
AED 178,489
Deposit, non-resident (40%)
AED 356,979
Monthly over 25 years at 3.7%
AED 3,651

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →