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2-bed · 1,438 sqftGolf Promenade 3A, Damac Hills · 4th floor · completed 2019

A401, Golf Promenade 3A

Sold prices and rental history: sold once, by the developer in August 2018, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A401 · DLD and Ejari recordsUpdated 29 September 2019
Last soldAED 2M27 August 2018
Current rentAED 95K /yr29 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A401, Golf Promenade 3A

What is A401 worth today?

Last sold for AED 1,996,000 in 2018

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29 Sep 2019RentedNew contract
AED 95,000/yr12 months · AED 66 per sqft
29 Sep 2018RentedNew contract
AED 95,000/yr12 months · AED 66 per sqft
27 Aug 2018Sold by developerReady
AED 1,996,000AED 1,388 per sqft

Source: Dubai Land Department. Updated 29 September 2019.

Key facts

Type
2-bed apartment
Size
1,438 sqft
Floor
4th of 9
Parking
B-11
Developer
DAMAC
Completed
2019
Service charge
AED 21,600 /yr
Last sold
AED 2M · August 2018
Building
Golf Promenade 3A

About A401, Golf Promenade 3A

A401 is a two-bedroom apartment of 1,438 sqft on the 4th floor of Golf Promenade 3A, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 27 August 2018 for AED 1,996,000, or AED 1,388 per sqft, 12% above the AED 1,235 two-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 29 September 2019, is AED 95,000 a year: a gross yield of 4.8% on the 2018 price, before the service charge of about AED 21,600 a year.

Sales and rents for A401 over time

Sales
Unit A401, each saleTypical two-bed in Golf Promenade 3A
1.5M1.75M2M20182019202020212022Typical sale price by year: 2019 AED 1,563,200; 2021 AED 1,522,000Sold by developer, August 2018: AED 1,996,000 (AED 1,388 per sqft)

A401 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A401, each contractTypical two-bed in Golf Promenade 3A
80K100K120K20182020202220242026Typical rent by year: 2018 AED 95,000; 2019 AED 98,375; 2020 AED 100,000; 2021 AED 80,000; 2022 AED 84,000; 2023 AED 88,200; 2024 AED 93,000; 2025 AED 120,000New contract, September 2018: AED 95,000 a yearNew contract, September 2019: AED 95,000 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 3A, and where A401 sits

All 11 2-beds →

A401 last sold in August 2018 at AED 1,388 per sqft, 12% above what two-beds in Golf Promenade 3A were fetching at the time (AED 1,235). Over the last 12 months two-beds sold for AED 2,150,000 to 2,300,000, around AED 1,272 per sqft, and rent for AED 120,000 to 175,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Apr 20262,150,000
20 Jan 20262,300,000
10 Nov 20252,280,000
9 Sep 20242,550,000
3 2-bed sales in the last 12 months

Golf Promenade 3A

Building

82 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2019 by DAMAC. 9 sold in the last 12 months.

Typical price per sqft
AED 1,206
Typical sale
AED 1.1M
Typical rent
AED 65K /yr
Typical yield
6.9%
Golf Promenade 3A, Damac Hills: prices, sales and rents →

Other units on the 4th floor

All 82 units in Golf Promenade 3A
Value
A4023-bedAED 2.37M · Nov 2017
A4031-bedAED 540K · Jan 2021
A404StudioAED 662K · Nov 2017
A405StudioAED 717K · Nov 2017
A406StudioAED 704K · Nov 2017
A4071-bedAED 1.02M · Nov 2017
A4081-bedAED 999K · Apr 2017
1–7 of 12

A401, Golf Promenade 3A in numbers

  • Sold once: by DAMAC on 27 August 2018 for AED 1,996,000, or AED 1,388 per sqft.
  • Rented since September 2018 on 2 Ejari contracts, at AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2018 price is 4.8%, before a service charge of about AED 21,600 a year (AED 15.00 per sqft).
  • Two-beds in Golf Promenade 3A sold for AED 2,150,000–2,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,206 per sqft.

Source: Dubai Land Department. Updated 29 September 2019.

Questions about A401, Golf Promenade 3A

What did unit A401 last sell for?

AED 1,996,000 on 27 August 2018, sold by the developer: AED 1,388 per sqft for 1,438 sqft. It is the only registered sale of the unit.

What is the rent for unit A401?

AED 95,000 a year on the contract signed on 29 September 2019. The previous contract, from September 2018, was AED 95,000.

How big is unit A401?

1,438 sqft (133.6 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2019.

What is unit A401 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 3A sold for AED 2,150,000 to 2,300,000 in the last 12 months, around AED 1,272 per sqft.

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Mortgage on A401, Golf Promenade 3A

Starts from the last sale price (AED 2M, 27 August 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,996,000
Deposit, UAE resident (20%)
AED 399,200
Deposit, non-resident (40%)
AED 798,400
Monthly over 25 years at 3.7%
AED 8,166

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