3-bed · 2,259 sqftGolf Promenade 2B, Damac Hills · 10th floor · completed 2019

1010, Golf Promenade 2B

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 1010 · DLD and Ejari recordsUpdated 18 September 2023
Last soldAED 2.4M18 September 2023
Current rentAED 120K /yr15 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1010, Golf Promenade 2B

What is 1010 worth today?

Last sold for AED 2,400,000 in 2023

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18 Sep 2023SoldReady
AED 2,400,000AED 1,062 per sqft
15 Aug 2022RentedNew contract
AED 120,000/yr12 months · AED 53 per sqft
15 Aug 2021RentedNew contract
AED 120,000/yr12 months · AED 53 per sqft
25 Feb 2021Sold by developerReady
AED 2,484,000AED 1,099 per sqft

Source: Dubai Land Department. Updated 18 September 2023.

Key facts

Type
3-bed apartment
Size
2,259 sqft
Floor
10th of 12
Parking
P2-39, P2-45
Developer
DAMAC
Completed
2019
Service charge
AED 28,200 /yr
Last sold
AED 2.4M · September 2023

About 1010, Golf Promenade 2B

1010 is a three-bedroom apartment of 2,259 sqft on the 10th floor of Golf Promenade 2B, a 12-storey tower in Damac Hills completed in 2019 by DAMAC. It last sold on 18 September 2023 for AED 2,400,000, or AED 1,062 per sqft, 13% above the AED 939 three-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 15 August 2022, is AED 120,000 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 28,200 a year.

Sales and rents for 1010 over time

Sales
Unit 1010, each saleTypical three-bed in Golf Promenade 2B
2M2.5M2021202220232024Typical sale price by year: 2021 AED 2,045,400; 2022 AED 2,613,000; 2023 AED 2,300,000Sold by developer, February 2021: AED 2,484,000 (AED 1,099 per sqft)Sold, September 2023: AED 2,400,000 (AED 1,062 per sqft)

1010 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1010, each contractTypical three-bed in Golf Promenade 2B
150K200K2021202320252027Typical rent by year: 2021 AED 130,000; 2022 AED 133,217; 2024 AED 200,000; 2025 AED 219,226; 2026 AED 157,500New contract, August 2021: AED 120,000 a yearNew contract, August 2022: AED 120,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Golf Promenade 2B, and where 1010 sits

All 9 3-beds →

1010 last sold in September 2023 at AED 1,062 per sqft, 13% above what three-beds in Golf Promenade 2B were fetching at the time (AED 939). 1010's AED 120,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
6 May 20243,064,230
14 Dec 20232,300,000
31 Jul 20232,250,000
10 Nov 20222,563,680
0 3-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

1010, Golf Promenade 2B in numbers

  • Sold twice: first on 25 February 2021 for AED 2,484,000, last on 18 September 2023 for AED 2,400,000 (AED 1,062 per sqft).
  • Rented since August 2021 on 2 Ejari contracts, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 28,200 a year (AED 12.48 per sqft).

Source: Dubai Land Department. Updated 18 September 2023.

Questions about 1010, Golf Promenade 2B

What did unit 1010 last sell for?

AED 2,400,000 on 18 September 2023: AED 1,062 per sqft for 2,259 sqft. The unit has 2 registered sales; the first was AED 2,484,000 in February 2021.

What is the rent for unit 1010?

AED 120,000 a year on the contract signed on 15 August 2022. The previous contract, from August 2021, was AED 120,000.

How big is unit 1010?

2,259 sqft (209.9 sqm): a three-bedroom apartment on the 10th floor of a 12-storey tower completed in 2019.

What is unit 1010 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 1010, Golf Promenade 2B

Starts from the last sale price (AED 2.4M, 18 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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