508, Al Thamam 59
Sold prices and rental history: sold once, by the developer in June 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Al Thamam 59
What is 508 worth today?
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Source: Dubai Land Department. Updated 9 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 665 sqft
- Floor
- 5th of 5
- Parking
- G-73
- Developer
- Remraam
- Completed
- 2011
- Service charge
- AED 10,700 /yr
- Last sold
- AED 700K · June 2013
- Building
- Al Thamam 59
About 508, Al Thamam 59
508 is a one-bedroom apartment of 665 sqft on the 5th floor of Al Thamam 59, a 5-storey tower in Remraam completed in 2011 by Remraam. The developer sold it on 24 June 2013 for AED 700,280, or AED 1,052 per sqft, 103% above the AED 519 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 9 August 2024, is AED 55,000 a year: a gross yield of 7.8% on the 2013 price, before the service charge of about AED 10,700 a year.
Sales and rents for 508 over time
508 has sold once; 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 59, and where 508 sits
All 19 1-beds →508 last sold in June 2013 at AED 1,052 per sqft, 103% above what one-beds in Al Thamam 59 were fetching at the time (AED 519). 508's AED 55,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jun 202427 June 2024 | 689 sqft | 430,000 | 624 | ||
| 16 Jun 202316 June 2023 | 755 sqft | 450,000 | 596 | ||
| 12 Jun 202312 June 2023 | 1,205 sqft | 470,000 | 389 | ||
| 3 Apr 20233 April 2023 | 689 sqft | 375,000 | 544 |
Al Thamam 59
Building48 apartments, studios to 3-bed over 5 floors in Remraam, completed in 2011 by Remraam. 1 sold in the last 12 months.
- Typical price per sqft
- AED 819
- Typical sale
- AED 1.31M
- Typical rent
- AED 65K /yr
- Typical yield
- 10.4%
Other units on the 5th floor
All 48 units in Al Thamam 59| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 689 sqft | AED 350KAED 350,000 · Sep 2021September 2021 | 52,000 /yr | |
| 502 | 1-bed | 755 sqft | AED 450KAED 450,000 · Jun 2023June 2023 | 38,000 /yr | |
| 503 | 773 sqft | AED 705KAED 705,000 · Sep 2025September 2025 | 47,250 /yr | ||
| 504 | 2-bed | 1,116 sqft | AED 985KAED 985,000 · Dec 2024December 2024 | 55,000 /yr | |
| 505 | 2-bed | 1,116 sqft | AED 895KAED 895,000 · Nov 2016November 2016 | 52,000 /yr | |
| 506 | 1-bed | 773 sqft | AED 660KAED 660,000 · Feb 2017February 2017 | 65,000 /yr | |
| 507 | 1-bed | 755 sqft | AED 723KAED 723,290 · Dec 2013December 2013 | 48,000 /yr | |
| 509 | Studio | 387 sqft | AED 480KAED 480,000 · Apr 2014April 2014 | 40,000 /yr |
508, Al Thamam 59 in numbers
- Sold once: by Remraam on 24 June 2013 for AED 700,280, or AED 1,052 per sqft.
- Rented since August 2018 on 6 Ejari contracts. The rent fell from AED 45,000 to AED 31,000 in 2020 and recovered to AED 55,000 by August 2024.
- At AED 55,000 a year the gross yield on the 2013 price is 7.8%, before a service charge of about AED 10,700 a year (AED 16.07 per sqft).
Source: Dubai Land Department. Updated 9 August 2024.
Questions about 508, Al Thamam 59
What did unit 508 last sell for?
AED 700,280 on 24 June 2013, sold by the developer: AED 1,052 per sqft for 665 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 55,000 a year on the contract renewed on 9 August 2024. The previous contract, from August 2023, was AED 42,000; the unit has been rented since August 2018.
How big is unit 508?
665 sqft (61.8 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2011.
What is unit 508 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 508, Al Thamam 59
Starts from the last sale price (AED 700K, 24 June 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 700,280
- Deposit, UAE resident (20%)
- AED 140,056
- Deposit, non-resident (40%)
- AED 280,112
- Monthly over 25 years at 3.7%
- AED 2,865
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →