2-bed · 1,438 sqftGolf Promenade 5A, Damac Hills · 4th floor · completed 2019

A401, Golf Promenade 5A

Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A401 · DLD and Ejari recordsUpdated 14 November 2022
Last soldAED 1.46M14 November 2022
Current rentAED 90K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A401, Golf Promenade 5A

What is A401 worth today?

Last sold for AED 1,460,000 in 2022

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14 Nov 2022Sold by developerReady
AED 1,460,000AED 1,015 per sqft
1 Aug 2021RentedNew contract
AED 90,000/yr13 months · AED 63 per sqft
15 Jul 2020RentedRenewal
AED 88,000/yr12 months · AED 61 per sqft
15 Jul 2019RentedNew contract
AED 92,530/yr12 months · AED 64 per sqft
9 Jul 2019RentedNew contract
AED 92,530/yr12 months · AED 64 per sqft
8 Oct 2018RentedNew contract
AED 100,000/yr12 months · AED 70 per sqft
15 Jul 2017RentedNew contract
AED 114,000/yr12 months · AED 79 per sqft
23 Apr 2017RentedNew contract
AED 124,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 14 November 2022.

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 1.46M · November 2022

About A401, Golf Promenade 5A

A401 is a two-bedroom apartment of 1,438 sqft on the 4th 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 1,460,000, or AED 1,015 per sqft, 6% above the AED 955 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 1 August 2021, is AED 90,000 a year: a gross yield of 6.2% on the 2022 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 5A
1.6M1.8M202220232024Typical sale price by year: 2022 AED 1,743,090; 2023 AED 1,763,500Sold by developer, November 2022: AED 1,460,000 (AED 1,015 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 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, April 2017: AED 124,000 a yearNew contract, July 2017: AED 114,000 a yearNew contract, October 2018: AED 100,000 a yearNew contract, July 2019: AED 92,530 a yearNew contract, July 2019: AED 92,530 a yearRenewal, July 2020: AED 88,000 a yearNew contract, August 2021: AED 90,000 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 A401 sits

All 11 2-beds →

A401 last sold in November 2022 at AED 1,015 per sqft, 6% above 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 4th floor

All 81 units in Golf Promenade 5A
Value
A4023-bedAED 2.2M · Aug 2026
A4031-bedAED 871K · Nov 2022
A404StudioAED 619K · Nov 2022
A405StudioAED 583K · May 2023
A406StudioAED 585K · Dec 2022
A4071-bedAED 864K · Apr 2023
A4081-bedAED 872K · Feb 2023
1–7 of 12

A401, Golf Promenade 5A in numbers

  • Sold once: by DAMAC on 14 November 2022 for AED 1,460,000, or AED 1,015 per sqft.
  • Rented since April 2017 on 7 Ejari contracts, from AED 124,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2022 price is 6.2%, before a service charge of about AED 21,600 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 A401, Golf Promenade 5A

What did unit A401 last sell for?

AED 1,460,000 on 14 November 2022, sold by the developer: AED 1,015 per sqft for 1,438 sqft. It is the only registered sale of the unit.

What is the rent for unit A401?

AED 90,000 a year on the contract signed on 1 August 2021. The previous contract, from July 2020, was AED 88,000; the unit has been rented since April 2017.

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 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 A401, Golf Promenade 5A

Starts from the last sale price (AED 1.46M, 14 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,460,000
Deposit, UAE resident (20%)
AED 292,000
Deposit, non-resident (40%)
AED 584,000
Monthly over 25 years at 3.7%
AED 5,973

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