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Studio · 525 sqftGolf Promenade 5A, Damac Hills · 5th floor · completed 2019

A505, Golf Promenade 5A

Sold prices and rental history: sold once, by the developer in July 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A505 · DLD and Ejari recordsUpdated 16 November 2023
Last soldAED 691K4 July 2023
Current rentAED 45K /yr16 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A505, Golf Promenade 5A

What is A505 worth today?

Last sold for AED 691,000 in 2023

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16 Nov 2023RentedNew contract
AED 45,000/yr12 months · AED 85 per sqft
4 Jul 2023Sold by developerReady
AED 691,000AED 1,317 per sqft
25 Nov 2020RentedNew contract
AED 32,000/yr13 months · AED 61 per sqft
17 Sep 2019RentedRenewal
AED 45,000/yr12 months · AED 86 per sqft
17 Sep 2018RentedNew contract
AED 45,000/yr12 months · AED 86 per sqft
10 May 2017RentedNew contract
AED 58,500/yr12 months · AED 112 per sqft
15 Apr 2017RentedNew contract
AED 53,000/yr12 months · AED 101 per sqft

Source: Dubai Land Department. Updated 16 November 2023.

Key facts

Type
Studio apartment
Size
525 sqft
Floor
5th of 9
Parking
B-25
Developer
DAMAC
Completed
2019
Service charge
AED 7,900 /yr
Last sold
AED 691K · July 2023
Building
Golf Promenade 5A

About A505, Golf Promenade 5A

A505 is a studio of 525 sqft on the 5th floor of Golf Promenade 5A, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 4 July 2023 for AED 691,000, or AED 1,317 per sqft, 22% above the AED 1,081 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 16 November 2023, is AED 45,000 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 7,900 a year.

Sales and rents for A505 over time

Sales
Unit A505, each saleTypical studio in Golf Promenade 5A
600K700K2022202320242025Typical sale price by year: 2022 AED 547,000; 2023 AED 586,050; 2024 AED 550,000Sold by developer, July 2023: AED 691,000 (AED 1,317 per sqft)

A505 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit A505, each contractTypical studio in Golf Promenade 5A
40K60K2017202020232026Typical rent by year: 2017 AED 53,000; 2018 AED 47,500; 2019 AED 41,000; 2020 AED 35,000; 2021 AED 33,000; 2023 AED 42,500; 2024 AED 45,000; 2025 AED 47,000; 2026 AED 48,000New contract, April 2017: AED 53,000 a yearNew contract, May 2017: AED 58,500 a yearNew contract, September 2018: AED 45,000 a yearRenewal, September 2019: AED 45,000 a yearNew contract, November 2020: AED 32,000 a yearNew contract, November 2023: AED 45,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Golf Promenade 5A, and where A505 sits

All 21 studios →

A505 last sold in July 2023 at AED 1,317 per sqft, 22% above what studios in Golf Promenade 5A were fetching at the time (AED 1,081). A505's AED 45,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
17 Apr 2025560,000
20 Mar 2025615,000
26 Aug 2024280,279
29 Mar 2024560,000
0 studio sales 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 5th floor

All 81 units in Golf Promenade 5A
Value
A5012-bedAED 2.65M · Jan 2026
A5023-bedAED 1.69M · Nov 2022
A5031-bedAED 829K · Nov 2022
A504StudioAED 536K · Nov 2022
A506StudioAED 575K · Mar 2023
A5071-bedAED 907K · Dec 2022
A5081-bedAED 892K · Dec 2022
1–7 of 12

A505, Golf Promenade 5A in numbers

  • Sold once: by DAMAC on 4 July 2023 for AED 691,000, or AED 1,317 per sqft.
  • Rented since April 2017 on 6 Ejari contracts. The rent fell from AED 53,000 to AED 32,000 in 2020 and recovered to AED 45,000 by November 2023.
  • At AED 45,000 a year the gross yield on the 2023 price is 6.5%, before a service charge of about AED 7,900 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 16 November 2023.

Questions about A505, Golf Promenade 5A

What did unit A505 last sell for?

AED 691,000 on 4 July 2023, sold by the developer: AED 1,317 per sqft for 525 sqft. It is the only registered sale of the unit.

What is the rent for unit A505?

AED 45,000 a year on the contract signed on 16 November 2023. The previous contract, from November 2020, was AED 32,000; the unit has been rented since April 2017.

How big is unit A505?

525 sqft (48.8 sqm): a studio on the 5th floor of a 9-storey tower completed in 2019.

What is unit A505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on A505, Golf Promenade 5A

Starts from the last sale price (AED 691K, 4 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 691,000
Deposit, UAE resident (20%)
AED 138,200
Deposit, non-resident (40%)
AED 276,400
Monthly over 25 years at 3.7%
AED 2,827

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