506, Al Thamam 16
Sold prices and rental history: sold twice, last in March 2021, and rented once, from June 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Al Thamam 16
What is 506 worth today?
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Source: Dubai Land Department. Updated 1 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 675 sqft
- Floor
- 5th of 5
- Parking
- G-123
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 10,800 /yr
- Last sold
- AED 375K · March 2021
- Building
- Al Thamam 16
About 506, Al Thamam 16
506 is a one-bedroom apartment of 675 sqft on the 5th floor of Al Thamam 16, a 5-storey tower in Remraam completed in 2011 by Remraam. It last sold on 28 March 2021 for AED 375,000, or AED 555 per sqft.
One Ejari contract is registered, from 1 June 2024. The current contract, signed on 1 June 2024, is AED 55,000 a year: a gross yield of 14.7% on the 2021 price, before the service charge of about AED 10,800 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the one-bed median of each year in the building.
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 16, and where 506 sits
All 23 1-beds →| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Jan 20257 January 2025 | 1,140 sqft | 750,000 | 658 | ||
| 6 Dec 20246 December 2024 | 783 sqft | 680,000 | 868 | ||
| 11 Nov 202411 November 2024 | 670 sqft | 510,000 | 760 | ||
| 2 Oct 20242 October 2024 | 989 sqft | 670,000 | 677 |
Al Thamam 16
Building60 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
Other units on the 5th floor
All 60 units in Al Thamam 16| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 493 sqft | AED 492KAED 492,000 · Apr 2013April 2013 | 25,000 /yr | |
| 502 | 787 sqft | AED 415KAED 415,000 · Nov 2020November 2020 | 55,000 /yr | ||
| 503 | 1-bed | 783 sqft | AED 470KAED 470,000 · May 2022May 2022 | 34,000 /yr | |
| 504 | 2-bed | 1,096 sqft | AED 730KAED 730,000 · May 2013May 2013 | 55,000 /yr | |
| 505 | 1-bed | 675 sqft | AED 694KAED 693,720 · Apr 2013April 2013 | 44,000 /yr | |
| 507 | 2-bed | 1,096 sqft | AED 950KAED 950,000 · Nov 2024November 2024 | 57,259 /yr | |
| 508 | 1-bed | 783 sqft | AED 680KAED 680,000 · Dec 2024December 2024 | 36,000 /yr | |
| 509 | 1-bed | 787 sqft | AED 510KAED 510,000 · Jul 2023July 2023 | 46,200 /yr | |
| 510 | Studio | 493 sqft | AED 415KAED 415,000 · Feb 2024February 2024 | 43,000 /yr | |
| 511 | Studio | 405 sqft | AED 377KAED 377,000 · Sep 2023September 2023 | 39,000 /yr |
506, Al Thamam 16 in numbers
- Sold twice: first on 12 June 2013 for AED 693,720, last on 28 March 2021 for AED 375,000 (AED 555 per sqft).
- Rented since June 2024 on one Ejari contract, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2021 price is 14.7%, before a service charge of about AED 10,800 a year (AED 16.07 per sqft).
Source: Dubai Land Department. Updated 1 June 2024.
Questions about 506, Al Thamam 16
What did unit 506 last sell for?
AED 375,000 on 28 March 2021: AED 555 per sqft for 675 sqft. The unit has 2 registered sales; the first was AED 693,720 in June 2013.
What is the rent for unit 506?
AED 55,000 a year on the contract signed on 1 June 2024.
How big is unit 506?
675 sqft (62.7 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.
What is unit 506 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 506, Al Thamam 16
Starts from the last sale price (AED 375K, 28 March 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 375,000
- Deposit, UAE resident (20%)
- AED 75,000
- Deposit, non-resident (40%)
- AED 150,000
- Monthly over 25 years at 3.7%
- AED 1,534
Plus AED 18,660 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →