2-bed · 1,386 sqftGolf Promenade 2B, Damac Hills · 4th floor · completed 2019

414, Golf Promenade 2B

Sold prices and rental history: sold twice, last 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 414 · DLD and Ejari recordsUpdated 4 August 2021
Last soldAED 1.24M5 July 2021
Current rentAED 106K /yr4 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 414, Golf Promenade 2B

What is 414 worth today?

Last sold for AED 1,240,000 in 2021

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4 Aug 2021RentedNew contract
AED 106,000/yr12 months · AED 76 per sqft
5 Jul 2021SoldReady
AED 1,240,000AED 894 per sqft
22 Apr 2019Sold by developerOff-plan
AED 1,483,320AED 1,070 per sqft

Source: Dubai Land Department. Updated 4 August 2021.

Key facts

Type
2-bed apartment
Size
1,386 sqft
Floor
4th of 12
Parking
P2-84
Developer
DAMAC
Completed
2019
Service charge
AED 17,300 /yr
Last sold
AED 1.24M · July 2021

About 414, Golf Promenade 2B

414 is a two-bedroom apartment of 1,386 sqft on the 4th floor of Golf Promenade 2B, a 12-storey tower in Damac Hills completed in 2019 by DAMAC. It last sold on 5 July 2021 for AED 1,240,000, or AED 894 per sqft, 17% above the AED 764 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 4 August 2021. The current contract, signed on 4 August 2021, is AED 106,000 a year: a gross yield of 8.6% on the 2021 price, before the service charge of about AED 17,300 a year.

Sales and rents for 414 over time

Sales
Unit 414, each saleTypical two-bed in Golf Promenade 2B
1M2M20192021202320252027Typical 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, April 2019: AED 1,483,320 (AED 1,070 per sqft)Sold, July 2021: AED 1,240,000 (AED 894 per sqft)

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

Rents
Unit 414, 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 106,000 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 414 sits

All 21 2-beds →

414 last sold in July 2021 at AED 894 per sqft, 17% above what two-beds in Golf Promenade 2B were fetching at the time (AED 764). 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. 414's AED 106,000 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 4th floor

All 124 units in Golf Promenade 2B
Value
4012-bedAED 1.54M · Jul 2019
402StudioAED 515K · Aug 2025
4031-bedAED 1.25M · Oct 2015
404StudioAED 843K · Oct 2015
405StudioAED 871K · Dec 2014
406StudioAED 643K · Jul 2023
4071-bedAED 850K · Oct 2024
1–7 of 14

414, Golf Promenade 2B in numbers

  • Sold twice: first on 22 April 2019 for AED 1,483,320, last on 5 July 2021 for AED 1,240,000 (AED 894 per sqft).
  • Rented since August 2021 on one Ejari contract, at AED 106,000 a year.
  • At AED 106,000 a year the gross yield on the 2021 price is 8.6%, before a service charge of about AED 17,300 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 4 August 2021.

Questions about 414, Golf Promenade 2B

What did unit 414 last sell for?

AED 1,240,000 on 5 July 2021: AED 894 per sqft for 1,386 sqft. The unit has 2 registered sales; the first was AED 1,483,320 in April 2019.

What is the rent for unit 414?

AED 106,000 a year on the contract signed on 4 August 2021.

How big is unit 414?

1,386 sqft (128.8 sqm): a two-bedroom apartment on the 4th floor of a 12-storey tower completed in 2019.

What is unit 414 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 414, Golf Promenade 2B

Starts from the last sale price (AED 1.24M, 5 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,240,000
Deposit, UAE resident (20%)
AED 248,000
Deposit, non-resident (40%)
AED 496,000
Monthly over 25 years at 3.7%
AED 5,073

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