2-bed · 1,717 sqftGolf Promenade 2B, Damac Hills · 10th floor · completed 2019

1009, Golf Promenade 2B

Sold prices and rental history: sold once, by the developer in July 2021, and rented once, from August 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1009 · DLD and Ejari recordsUpdated 15 August 2021
Last soldAED 1.57M28 July 2021
Current rentAED 100K /yr15 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1009, Golf Promenade 2B

What is 1009 worth today?

Last sold for AED 1,570,000 in 2021

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15 Aug 2021RentedNew contract
AED 100,000/yr12 months · AED 58 per sqft
28 Jul 2021Sold by developerReady
AED 1,570,000AED 914 per sqft

Source: Dubai Land Department. Updated 15 August 2021.

Key facts

Type
2-bed apartment
Size
1,717 sqft
Floor
10th of 12
Parking
P2-58
Developer
DAMAC
Completed
2019
Service charge
AED 21,400 /yr
Last sold
AED 1.57M · July 2021

About 1009, Golf Promenade 2B

1009 is a two-bedroom apartment of 1,717 sqft on the 10th floor of Golf Promenade 2B, a 12-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 28 July 2021 for AED 1,570,000, or AED 914 per sqft, 19% above the AED 765 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 August 2021. The current contract, signed on 15 August 2021, is AED 100,000 a year: a gross yield of 6.4% on the 2021 price, before the service charge of about AED 21,400 a year.

Sales and rents for 1009 over time

Sales
Unit 1009, each saleTypical two-bed in Golf Promenade 2B
2M20192021202320252027Typical sale price by year: 2019 AED 1,539,500; 2020 AED 1,312,500; 2021 AED 1,389,150; 2023 AED 1,350,000; 2024 AED 1,760,000; 2026 AED 2,652,500Sold by developer, July 2021: AED 1,570,000 (AED 914 per sqft)

1009 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1009, each contractTypical two-bed in Golf Promenade 2B
100K150K2021202320252027Typical rent by year: 2021 AED 85,000; 2022 AED 90,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 142,500; 2026 AED 115,000New contract, August 2021: AED 100,000 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 2B, and where 1009 sits

All 21 2-beds →

1009 last sold in July 2021 at AED 914 per sqft, 19% above what two-beds in Golf Promenade 2B were fetching at the time (AED 765). Over the last 12 months two-beds sold for AED 1,900,000 to 2,900,000, around AED 1,259 per sqft, and rent for AED 110,000 to 135,000 a year. 1009's AED 100,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 20262,430,000
7 Apr 20262,875,000
30 Mar 20262,900,000
26 Feb 20261,900,000
4 2-bed sales in the last 12 months

Golf Promenade 2B

Building

124 apartments, studios to 3-bed over 12 floors in Damac Hills, completed in 2019 by DAMAC. 13 sold in the last 12 months.

Typical price per sqft
AED 1,295 Up 4.1%
Typical sale
AED 1.05M
Typical rent
AED 70K /yr
Typical yield
6.7%
Golf Promenade 2B, Damac Hills: prices, sales and rents →

Other units on the 10th floor

All 124 units in Golf Promenade 2B
Value
1001StudioAED 770K · Jun 2015
1002StudioAED 735K · Jun 2015
10031-bedAED 1.46M · Nov 2015
10041-bedAED 721K · Dec 2020
10051-bedAED 1.13M · May 2018
10061-bedAED 845K · Sep 2022
10072-bedAED 1.24M · Apr 2019
1–7 of 9

1009, Golf Promenade 2B in numbers

  • Sold once: by DAMAC on 28 July 2021 for AED 1,570,000, or AED 914 per sqft.
  • Rented since August 2021 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 6.4%, before a service charge of about AED 21,400 a year (AED 12.48 per sqft).
  • Two-beds in Golf Promenade 2B sold for AED 1,900,000–2,900,000 in the 12 months to November 2026; the building's median across all types is AED 1,295 per sqft.

Source: Dubai Land Department. Updated 15 August 2021.

Questions about 1009, Golf Promenade 2B

What did unit 1009 last sell for?

AED 1,570,000 on 28 July 2021, sold by the developer: AED 914 per sqft for 1,717 sqft. It is the only registered sale of the unit.

What is the rent for unit 1009?

AED 100,000 a year on the contract signed on 15 August 2021.

How big is unit 1009?

1,717 sqft (159.5 sqm): a two-bedroom apartment on the 10th floor of a 12-storey tower completed in 2019.

What is unit 1009 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Golf Promenade 2B sold for AED 1,900,000 to 2,900,000 in the last 12 months, around AED 1,259 per sqft.

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Mortgage on 1009, Golf Promenade 2B

Starts from the last sale price (AED 1.57M, 28 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,570,000
Deposit, UAE resident (20%)
AED 314,000
Deposit, non-resident (40%)
AED 628,000
Monthly over 25 years at 3.7%
AED 6,423

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