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2-bed · 1,855 sqftGolf Promenade 3A, Damac Hills · Ground floor · completed 2019

G+P 03, Golf Promenade 3A

Sold prices and rental history: sold 3 times, last in February 2024, and rented once, from March 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G+P 03 · DLD and Ejari recordsUpdated 15 February 2024
Last soldAED 2.8M15 February 2024
Current rentAED 100K /yr4 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G+P 03, Golf Promenade 3A

What is G+P 03 worth today?

Last sold for AED 2,800,000 in 2024

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15 Feb 2024SoldReady
AED 2,800,000AED 1,509 per sqft
9 Jun 2021SoldReady
AED 1,425,000AED 768 per sqft
4 Mar 2020RentedNew contract
AED 100,000/yr12 months · AED 54 per sqft
16 Jul 2019Sold by developerReady
AED 1,668,800AED 899 per sqft

Source: Dubai Land Department. Updated 15 February 2024.

Key facts

Type
2-bed apartment
Size
1,855 sqft
Floor
Ground of 9
Parking
LP1-25, LP1-36
Developer
DAMAC
Completed
2019
Service charge
AED 27,800 /yr
Last sold
AED 2.8M · February 2024
Building
Golf Promenade 3A

About G+P 03, Golf Promenade 3A

G+P 03 is a two-bedroom apartment of 1,855 sqft on the ground floor of Golf Promenade 3A, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. It last sold on 15 February 2024 for AED 2,800,000, or AED 1,509 per sqft.

One Ejari contract is registered, from 4 March 2020. The current contract, signed on 4 March 2020, is AED 100,000 a year: a gross yield of 3.6% on the 2024 price, before the service charge of about AED 27,800 a year.

Sales and rents for G+P 03 over time

Sales
Unit G+P 03, each saleTypical two-bed in Golf Promenade 3A
2M3M201920212023Typical sale price by year: 2019 AED 1,563,200; 2021 AED 1,522,000Sold by developer, July 2019: AED 1,668,800 (AED 899 per sqft)Sold, June 2021: AED 1,425,000 (AED 768 per sqft)Sold, February 2024: AED 2,800,000 (AED 1,509 per sqft)

G+P 03 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit G+P 03, 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, March 2020: 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 3A, and where G+P 03 sits

All 11 2-beds →

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 ground floor

All 82 units in Golf Promenade 3A
Value
G+P 013-bedAED 1.6M · Sep 2021
G+P 023-bedAED 2.29M · Jun 2019
G+P 042-bedAED 2.55M · Sep 2024

G+P 03, Golf Promenade 3A in numbers

  • Sold 3 times: first on 16 July 2019 for AED 1,668,800, last on 15 February 2024 for AED 2,800,000 (AED 1,509 per sqft).
  • Rented since March 2020 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2024 price is 3.6%, before a service charge of about AED 27,800 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 15 February 2024.

Questions about G+P 03, Golf Promenade 3A

What did unit G+P 03 last sell for?

AED 2,800,000 on 15 February 2024: AED 1,509 per sqft for 1,855 sqft. The unit has 3 registered sales; the first was AED 1,668,800 in July 2019.

What is the rent for unit G+P 03?

AED 100,000 a year on the contract signed on 4 March 2020.

How big is unit G+P 03?

1,855 sqft (172.3 sqm): a two-bedroom apartment on the ground floor of a 9-storey tower completed in 2019.

What is unit G+P 03 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 G+P 03, Golf Promenade 3A

Starts from the last sale price (AED 2.8M, 15 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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