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

B401, Golf Promenade 3B

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 B401 · DLD and Ejari recordsUpdated 4 September 2023
Last soldAED 1.73M4 September 2023
Current rentAED 82K /yr27 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B401, Golf Promenade 3B

What is B401 worth today?

Last sold for AED 1,730,000 in 2023

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4 Sep 2023SoldReady
AED 1,730,000AED 1,203 per sqft
27 Feb 2022RentedRenewal
AED 82,000/yr12 months · AED 57 per sqft
27 Feb 2021RentedNew contract
AED 82,000/yr12 months · AED 57 per sqft
27 Jul 2015Sold by developerOff-plan
AED 1,996,900AED 1,389 per sqft

Source: Dubai Land Department. Updated 4 September 2023.

Key facts

Type
2-bed apartment
Size
1,438 sqft
Floor
4th of 9
Parking
LP1-21
Developer
DAMAC
Completed
2019
Service charge
AED 21,600 /yr
Last sold
AED 1.73M · September 2023

About B401, Golf Promenade 3B

B401 is a two-bedroom apartment of 1,438 sqft on the 4th floor of Golf Promenade 3B, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. It last sold on 4 September 2023 for AED 1,730,000, or AED 1,203 per sqft, 51% above the AED 798 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 27 February 2022, is AED 82,000 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 21,600 a year.

Sales and rents for B401 over time

Sales
Unit B401, each saleTypical two-bed in Golf Promenade 3B
1.5M1.75M2M2015201820212024Typical sale price by year: 2021 AED 1,521,000; 2023 AED 1,621,000Sold by developer, July 2015: AED 1,996,900 (AED 1,389 per sqft)Sold, September 2023: AED 1,730,000 (AED 1,203 per sqft)

B401 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit B401, each contractTypical two-bed in Golf Promenade 3B
100K150K2019202120232025Typical rent by year: 2019 AED 99,750; 2020 AED 95,000; 2021 AED 90,000; 2022 AED 82,000; 2023 AED 130,000; 2024 AED 145,000; 2025 AED 160,000New contract, February 2021: AED 82,000 a yearRenewal, February 2022: AED 82,000 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 3B, and where B401 sits

All 11 2-beds →

B401 last sold in September 2023 at AED 1,203 per sqft, 51% above what two-beds in Golf Promenade 3B were fetching at the time (AED 798). Over the last 12 months two-beds sold for AED 2,680,000, around AED 1,446 per sqft, and rent for AED 125,000 to 140,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Nov 20252,680,000
16 Jan 20252,600,000
26 Nov 20242,025,000
14 Dec 20231,675,000
1 2-bed sale in the last 12 months

Golf Promenade 3B

Building

82 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2019 by DAMAC. 6 sold in the last 12 months.

Typical price per sqft
AED 1,237
Typical sale
AED 1.02M
Typical rent
AED 70K /yr
Typical yield
6.8%
Golf Promenade 3B, Damac Hills: prices, sales and rents →

Other units on the 4th floor

All 82 units in Golf Promenade 3B
Value
B4023-bedAED 2.44M · Aug 2015
B4031-bedAED 840K · May 2024
B404StudioAED 736K · Sep 2015
B405StudioAED 365K · May 2022
B406StudioAED 772K · Apr 2016
B4071-bedAED 400K · Nov 2018
B4081-bedAED 650K · Oct 2022
1–7 of 12

B401, Golf Promenade 3B in numbers

  • Sold twice: first on 27 July 2015 for AED 1,996,900, last on 4 September 2023 for AED 1,730,000 (AED 1,203 per sqft).
  • Rented since February 2021 on 2 Ejari contracts, at AED 82,000 a year.
  • At AED 82,000 a year the gross yield on the 2023 price is 4.7%, before a service charge of about AED 21,600 a year (AED 15.00 per sqft).
  • Two-beds in Golf Promenade 3B sold for AED 2,680,000–2,680,000 in the 12 months to November 2026; the building's median across all types is AED 1,237 per sqft.

Source: Dubai Land Department. Updated 4 September 2023.

Questions about B401, Golf Promenade 3B

What did unit B401 last sell for?

AED 1,730,000 on 4 September 2023: AED 1,203 per sqft for 1,438 sqft. The unit has 2 registered sales; the first was AED 1,996,900 in July 2015.

What is the rent for unit B401?

AED 82,000 a year on the contract renewed on 27 February 2022. The previous contract, from February 2021, was AED 82,000.

How big is unit B401?

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 B401 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 3B sold for AED 2,680,000 to 2,680,000 in the last 12 months, around AED 1,446 per sqft.

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Mortgage on B401, Golf Promenade 3B

Starts from the last sale price (AED 1.73M, 4 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,730,000
Deposit, UAE resident (20%)
AED 346,000
Deposit, non-resident (40%)
AED 692,000
Monthly over 25 years at 3.7%
AED 7,078

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