2-bed · 2,037 sqftGolf Promenade 5A, Damac Hills · 3rd floor · completed 2019

A301, Golf Promenade 5A

Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A301 · DLD and Ejari recordsUpdated 14 November 2022
Last soldAED 1.75M14 November 2022
Current rentAED 96K /yr15 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A301, Golf Promenade 5A

What is A301 worth today?

Last sold for AED 1,754,880 in 2022

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14 Nov 2022Sold by developerReady
AED 1,754,880AED 861 per sqft
15 Feb 2021RentedNew contract
AED 96,000/yr12 months · AED 47 per sqft
25 Jan 2020RentedNew contract · flagged as an outlier
AED 33,333/yr18 months · AED 16 per sqft

Source: Dubai Land Department. Updated 14 November 2022.

Key facts

Type
2-bed apartment
Size
2,037 sqft
Floor
3rd of 9
Parking
UP1-16, UP1-48
Developer
DAMAC
Completed
2019
Service charge
AED 30,600 /yr
Last sold
AED 1.75M · November 2022

About A301, Golf Promenade 5A

A301 is a two-bedroom apartment of 2,037 sqft on the 3rd floor of Golf Promenade 5A, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 14 November 2022 for AED 1,754,880, or AED 861 per sqft, 10% below the AED 955 two-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 15 February 2021, is AED 96,000 a year: a gross yield of 5.5% on the 2022 price, before the service charge of about AED 30,600 a year.

Sales and rents for A301 over time

Sales
Unit A301, each saleTypical two-bed in Golf Promenade 5A
1.74M1.75M1.76M202220232024Typical sale price by year: 2022 AED 1,743,090; 2023 AED 1,763,500Sold by developer, November 2022: AED 1,754,880 (AED 861 per sqft)

A301 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A301, each contractTypical two-bed in Golf Promenade 5A
100K150K2017202020232026Typical rent by year: 2017 AED 117,000; 2018 AED 114,000; 2019 AED 95,500; 2020 AED 89,500; 2021 AED 86,547; 2022 AED 86,855; 2024 AED 155,000; 2025 AED 167,000New contract, February 2021: AED 96,000 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 5A, and where A301 sits

All 11 2-beds →

A301 last sold in November 2022 at AED 861 per sqft, 10% below what two-beds in Golf Promenade 5A were fetching at the time (AED 955). Over the last 12 months two-beds sold for AED 2,650,000, around AED 1,568 per sqft, and rent for AED 126,500 to 126,500 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Jan 20262,650,000
7 Jul 20252,300,000
14 Dec 20231,750,000
28 Nov 20231,777,000
1 2-bed sale in the last 12 months

Golf Promenade 5A

Building

81 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2019 by DAMAC. 5 sold in the last 12 months.

Typical price per sqft
AED 1,277
Typical sale
AED 2.2M
Typical rent
AED 70K /yr
Typical yield
7.2%
Golf Promenade 5A, Damac Hills: prices, sales and rents →

Other units on the 3rd floor

All 81 units in Golf Promenade 5A
Value
A3023-bedAED 2.95M · Feb 2024
A3031-bedAED 1.14M · Feb 2023
A304StudioAED 577K · Dec 2022
A305StudioAED 627K · Jan 2023
A306StudioAED 595K · May 2023
A3071-bedAED 960K · Oct 2024
A308StudioAED 634K · May 2023
1–7 of 11

A301, Golf Promenade 5A in numbers

  • Sold once: by DAMAC on 14 November 2022 for AED 1,754,880, or AED 861 per sqft.
  • Rented since January 2020 on 2 Ejari contracts, from AED 33,333 to AED 96,000 a year.
  • At AED 96,000 a year the gross yield on the 2022 price is 5.5%, before a service charge of about AED 30,600 a year (AED 15.00 per sqft).
  • Two-beds in Golf Promenade 5A sold for AED 2,650,000–2,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,277 per sqft.

Source: Dubai Land Department. Updated 14 November 2022.

Questions about A301, Golf Promenade 5A

What did unit A301 last sell for?

AED 1,754,880 on 14 November 2022, sold by the developer: AED 861 per sqft for 2,037 sqft. It is the only registered sale of the unit.

What is the rent for unit A301?

AED 96,000 a year on the contract signed on 15 February 2021. The previous contract, from January 2020, was AED 33,333.

How big is unit A301?

2,037 sqft (189.2 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2019.

What is unit A301 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 5A sold for AED 2,650,000 to 2,650,000 in the last 12 months, around AED 1,568 per sqft.

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Mortgage on A301, Golf Promenade 5A

Starts from the last sale price (AED 1.75M, 14 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,754,880
Deposit, UAE resident (20%)
AED 350,976
Deposit, non-resident (40%)
AED 701,952
Monthly over 25 years at 3.7%
AED 7,180

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