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2-bed · 1,821 sqftGolf Promenade 3A, Damac Hills · 7th floor · completed 2019

A701, Golf Promenade 3A

Sold prices and rental history: sold once, by the developer in April 2022, and rented once, from May 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A701 · DLD and Ejari recordsUpdated 22 April 2022
Last soldAED 1.62M22 April 2022
Current rentAED 102K /yr1 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A701, Golf Promenade 3A

What is A701 worth today?

Last sold for AED 1,621,000 in 2022

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22 Apr 2022Sold by developerReady
AED 1,621,000AED 890 per sqft
1 May 2019RentedNew contract
AED 101,750/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 22 April 2022.

Key facts

Type
2-bed apartment
Size
1,821 sqft
Floor
7th of 9
Parking
UP1-19, UP1-45
Developer
DAMAC
Completed
2019
Service charge
AED 27,300 /yr
Last sold
AED 1.62M · April 2022
Building
Golf Promenade 3A

About A701, Golf Promenade 3A

A701 is a two-bedroom apartment of 1,821 sqft on the 7th floor of Golf Promenade 3A, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 22 April 2022 for AED 1,621,000, or AED 890 per sqft, 4% above the AED 856 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 May 2019. The current contract, signed on 1 May 2019, is AED 101,750 a year: a gross yield of 6.3% on the 2022 price, before the service charge of about AED 27,300 a year.

Sales and rents for A701 over time

Sales
Unit A701, each saleTypical two-bed in Golf Promenade 3A
1.55M1.6M2019202020212022Typical sale price by year: 2019 AED 1,563,200; 2021 AED 1,522,000Sold by developer, April 2022: AED 1,621,000 (AED 890 per sqft)

A701 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A701, 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, May 2019: AED 101,750 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 A701 sits

All 11 2-beds →

A701 last sold in April 2022 at AED 890 per sqft, 4% above what two-beds in Golf Promenade 3A were fetching at the time (AED 856). 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 7th floor

All 82 units in Golf Promenade 3A
Value
A7023-bedAED 2.95M · Aug 2026
A703StudioAED 689K · Jul 2015
A7042-bedAED 1.9M · Aug 2021
A7051-bedAED 1.16M · Dec 2015
A7061-bedAED 1.19M · Nov 2015
A7071-bedAED 1.02M · May 2024
A7081-bedAED 956K · Nov 2022
1–7 of 9

A701, Golf Promenade 3A in numbers

  • Sold once: by DAMAC on 22 April 2022 for AED 1,621,000, or AED 890 per sqft.
  • Rented since May 2019 on one Ejari contract, at AED 101,750 a year.
  • At AED 101,750 a year the gross yield on the 2022 price is 6.3%, before a service charge of about AED 27,300 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 22 April 2022.

Questions about A701, Golf Promenade 3A

What did unit A701 last sell for?

AED 1,621,000 on 22 April 2022, sold by the developer: AED 890 per sqft for 1,821 sqft. It is the only registered sale of the unit.

What is the rent for unit A701?

AED 101,750 a year on the contract signed on 1 May 2019.

How big is unit A701?

1,821 sqft (169.2 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2019.

What is unit A701 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 A701, Golf Promenade 3A

Starts from the last sale price (AED 1.62M, 22 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,621,000
Deposit, UAE resident (20%)
AED 324,200
Deposit, non-resident (40%)
AED 648,400
Monthly over 25 years at 3.7%
AED 6,632

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