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2-bed · 1,461 sqftGolf Promenade 2A, Damac Hills · 10th floor · completed 2019

1007, Golf Promenade 2A

Sold prices and rental history: sold twice, last in September 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1007 · DLD and Ejari recordsUpdated 11 September 2023
Last soldAED 1.43M11 September 2023
Current rentAED 105K /yr10 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1007, Golf Promenade 2A

What is 1007 worth today?

Last sold for AED 1,430,000 in 2023

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11 Sep 2023SoldReady
AED 1,430,000AED 979 per sqft
10 Jul 2022RentedNew contract
AED 105,000/yr12 months · AED 72 per sqft
10 Jul 2021RentedNew contract
AED 85,000/yr12 months · AED 58 per sqft
22 Dec 2019Sold by developerOff-plan
AED 1,275,100AED 873 per sqft

Source: Dubai Land Department. Updated 11 September 2023.

Key facts

Type
2-bed apartment
Size
1,461 sqft
Floor
10th of 12
Parking
P1-02
Developer
DAMAC
Completed
2019
Service charge
AED 18,200 /yr
Last sold
AED 1.43M · September 2023
Building
Golf Promenade 2A

About 1007, Golf Promenade 2A

1007 is a two-bedroom apartment of 1,461 sqft on the 10th floor of Golf Promenade 2A, a 12-storey tower in Damac Hills completed in 2019 by DAMAC. It last sold on 11 September 2023 for AED 1,430,000, or AED 979 per sqft, 4% above the AED 938 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 10 July 2022, is AED 105,000 a year: a gross yield of 7.3% on the 2023 price, before the service charge of about AED 18,200 a year.

Sales and rents for 1007 over time

Sales
Unit 1007, each saleTypical two-bed in Golf Promenade 2A
1.5M2M2015201820212024Typical sale price by year: 2015 AED 2,157,825; 2019 AED 1,423,200; 2021 AED 1,282,500; 2022 AED 1,436,800; 2023 AED 1,700,000; 2024 AED 1,850,000Sold by developer, December 2019: AED 1,275,100 (AED 873 per sqft)Sold, September 2023: AED 1,430,000 (AED 979 per sqft)

1007 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1007, each contractTypical two-bed in Golf Promenade 2A
75K100K125K2021202320252027Typical rent by year: 2021 AED 82,500; 2022 AED 100,000; 2023 AED 115,000; 2024 AED 120,000; 2025 AED 130,000; 2026 AED 120,000New contract, July 2021: AED 85,000 a yearNew contract, July 2022: AED 105,000 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 Golf Promenade 2A, and where 1007 sits

All 21 2-beds →

1007 last sold in September 2023 at AED 979 per sqft, 4% above what two-beds in Golf Promenade 2A were fetching at the time (AED 938). 1007's AED 105,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Dec 20242,050,000
23 Jul 20241,900,000
4 Jun 20241,800,000
27 May 20241,625,000
0 2-bed sales in the last 12 months

Golf Promenade 2A

Building

124 apartments, studios to 3-bed over 12 floors in Damac Hills, completed in 2019 by DAMAC. 8 sold in the last 12 months.

Typical price per sqft
AED 1,139
Typical sale
AED 728K
Typical rent
AED 69K /yr
Typical yield
8.0%
Golf Promenade 2A, Damac Hills: prices, sales and rents →

Other units on the 10th floor

All 124 units in Golf Promenade 2A
Value
1001StudioAED 345K · Mar 2021
1002StudioAED 345K · Mar 2021
10031-bedAED 812K · Dec 2020
10041-bedAED 1.21M · Apr 2019
10051-bedAED 1M · Jun 2025
10061-bedAED 1.14M · May 2019
10081-bedAED 1.07M · Apr 2019
1–7 of 9

1007, Golf Promenade 2A in numbers

  • Sold twice: first on 22 December 2019 for AED 1,275,100, last on 11 September 2023 for AED 1,430,000 (AED 979 per sqft).
  • Rented since July 2021 on 2 Ejari contracts, from AED 85,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2023 price is 7.3%, before a service charge of about AED 18,200 a year (AED 12.48 per sqft).

Source: Dubai Land Department. Updated 11 September 2023.

Questions about 1007, Golf Promenade 2A

What did unit 1007 last sell for?

AED 1,430,000 on 11 September 2023: AED 979 per sqft for 1,461 sqft. The unit has 2 registered sales; the first was AED 1,275,100 in December 2019.

What is the rent for unit 1007?

AED 105,000 a year on the contract signed on 10 July 2022. The previous contract, from July 2021, was AED 85,000.

How big is unit 1007?

1,461 sqft (135.7 sqm): a two-bedroom apartment on the 10th floor of a 12-storey tower completed in 2019.

What is unit 1007 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 1007, Golf Promenade 2A

Starts from the last sale price (AED 1.43M, 11 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,430,000
Deposit, UAE resident (20%)
AED 286,000
Deposit, non-resident (40%)
AED 572,000
Monthly over 25 years at 3.7%
AED 5,851

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