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2-bed · 1,096 sqftAl Thamam 16, Remraam · 5th floor · completed 2011

504, Al Thamam 16

Sold prices and rental history: sold twice, last in May 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 730K16 May 2013
Current rentAED 55K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 504, Al Thamam 16

What is 504 worth today?

Last sold for AED 730,000 in 2013

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1 Sep 2022RentedRenewal
AED 55,000/yr12 months · AED 50 per sqft
1 Sep 2021RentedRenewal
AED 50,000/yr12 months · AED 46 per sqft
1 Sep 2020RentedNew contract
AED 50,000/yr12 months · AED 46 per sqft
18 Feb 2020RentedRenewal
AED 55,000/yr12 months · AED 50 per sqft
18 Feb 2019RentedNew contract
AED 66,000/yr12 months · AED 60 per sqft
18 Feb 2016RentedNew contract
AED 85,000/yr12 months · AED 77 per sqft
1 Mar 2015RentedNew contract
AED 85,000/yr12 months · AED 77 per sqft
1 Mar 2014RentedNew contract
AED 78,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 1 September 2022.

Key facts

Type
2-bed apartment
Size
1,096 sqft
Floor
5th of 5
Parking
G-125
Developer
Remraam
Completed
2011
Service charge
AED 17,600 /yr
Last sold
AED 730K · May 2013
Building
Al Thamam 16

About 504, Al Thamam 16

504 is a two-bedroom apartment of 1,096 sqft on the 5th floor of Al Thamam 16, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 16 May 2013 for AED 730,000, or AED 666 per sqft, 17% below the AED 800 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 55,000 a year: a gross yield of 7.5% on the 2013 price, before the service charge of about AED 17,600 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical two-bed in Al Thamam 16
800K1M201220132014Typical sale price by year: 2012 AED 906,255; 2013 AED 900,090Sold by developer, November 2012: AED 984,940 (AED 898 per sqft)Sold, May 2013: AED 730,000 (AED 666 per sqft)

504 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 504, each contractTypical two-bed in Al Thamam 16
60K80K2013201720212025Typical rent by year: 2013 AED 61,500; 2014 AED 63,000; 2015 AED 79,959; 2016 AED 75,000; 2017 AED 73,500; 2018 AED 71,625; 2019 AED 65,500; 2020 AED 54,500; 2021 AED 51,000; 2022 AED 54,000; 2023 AED 58,150; 2024 AED 63,800; 2025 AED 64,565New contract, May 2013: AED 63,000 a yearNew contract, March 2014: AED 78,000 a yearNew contract, March 2015: AED 85,000 a yearNew contract, February 2016: AED 85,000 a yearNew contract, February 2019: AED 66,000 a yearRenewal, February 2020: AED 55,000 a yearNew contract, September 2020: AED 50,000 a yearRenewal, September 2021: AED 50,000 a yearRenewal, September 2022: AED 55,000 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 16, and where 504 sits

All 16 2-beds →

504 last sold in May 2013 at AED 666 per sqft, 17% below what two-beds in Al Thamam 16 were fetching at the time (AED 800). 504's AED 55,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Nov 2024950,000
4 May 20171,050,000
19 Sep 2013897,550
19 Sep 20131,110,627
0 2-bed sales in the last 12 months

Al Thamam 16

Building

60 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 61K /yr
Typical yield
Al Thamam 16, Remraam: prices, sales and rents →

Other units on the 5th floor

All 60 units in Al Thamam 16
Value
501StudioAED 492K · Apr 2013
502AED 415K · Nov 2020
5031-bedAED 470K · May 2022
5051-bedAED 694K · Apr 2013
5061-bedAED 375K · Mar 2021
5072-bedAED 950K · Nov 2024
5081-bedAED 680K · Dec 2024
1–7 of 10

504, Al Thamam 16 in numbers

  • Sold twice: first on 18 November 2012 for AED 984,940, last on 16 May 2013 for AED 730,000 (AED 666 per sqft).
  • Rented since May 2013 on 9 Ejari contracts, from AED 63,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2013 price is 7.5%, before a service charge of about AED 17,600 a year (AED 16.07 per sqft).

Source: Dubai Land Department. Updated 1 September 2022.

Questions about 504, Al Thamam 16

What did unit 504 last sell for?

AED 730,000 on 16 May 2013: AED 666 per sqft for 1,096 sqft. The unit has 2 registered sales; the first was AED 984,940 in November 2012.

What is the rent for unit 504?

AED 55,000 a year on the contract renewed on 1 September 2022. The previous contract, from September 2021, was AED 50,000; the unit has been rented since May 2013.

How big is unit 504?

1,096 sqft (101.8 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.

What is unit 504 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 504, Al Thamam 16

Starts from the last sale price (AED 730K, 16 May 2013). Switch to today's estimate once you have unlocked it.
Price
AED 730,000
Deposit, UAE resident (20%)
AED 146,000
Deposit, non-resident (40%)
AED 292,000
Monthly over 25 years at 3.7%
AED 2,987

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