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2-bed · 1,619 sqftGolf Promenade 5A, Damac Hills · 6th floor · completed 2019

A601, Golf Promenade 5A

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

Unit A601 · DLD and Ejari recordsUpdated 7 December 2022
Last soldAED 1.64M7 December 2022
Current rentAED 90K /yr9 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A601, Golf Promenade 5A

What is A601 worth today?

Last sold for AED 1,636,000 in 2022

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7 Dec 2022Sold by developerReady
AED 1,636,000AED 1,010 per sqft
9 Nov 2021RentedNew contract
AED 89,594/yr11 months · AED 55 per sqft
25 Sep 2020RentedRenewal
AED 90,000/yr13 months · AED 56 per sqft
25 Sep 2019RentedRenewal
AED 94,000/yr12 months · AED 58 per sqft
29 Jul 2017RentedNew contract
AED 117,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 7 December 2022.

Key facts

Type
2-bed apartment
Size
1,619 sqft
Floor
6th of 9
Parking
G-7
Developer
DAMAC
Completed
2019
Service charge
AED 24,300 /yr
Last sold
AED 1.64M · December 2022
Building
Golf Promenade 5A

About A601, Golf Promenade 5A

A601 is a two-bedroom apartment of 1,619 sqft on the 6th floor of Golf Promenade 5A, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 7 December 2022 for AED 1,636,000, or AED 1,010 per sqft, 4% above the AED 970 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 9 November 2021, is AED 89,594 a year: a gross yield of 5.5% on the 2022 price, before the service charge of about AED 24,300 a year.

Sales and rents for A601 over time

Sales
Unit A601, each saleTypical two-bed in Golf Promenade 5A
1.7M202220232024Typical sale price by year: 2022 AED 1,743,090; 2023 AED 1,763,500Sold by developer, December 2022: AED 1,636,000 (AED 1,010 per sqft)

A601 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit A601, 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, July 2017: AED 117,000 a yearRenewal, September 2019: AED 94,000 a yearRenewal, September 2020: AED 90,000 a yearNew contract, November 2021: AED 89,594 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 A601 sits

All 11 2-beds →

A601 last sold in December 2022 at AED 1,010 per sqft, 4% above what two-beds in Golf Promenade 5A were fetching at the time (AED 970). 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 6th floor

All 81 units in Golf Promenade 5A
Value
A6023-bedAED 1.69M · Dec 2022
A6031-bedAED 882K · Dec 2022
A604StudioAED 511K · May 2023
A605StudioAED 565K · Mar 2023
A606StudioAED 589K · Aug 2023
A6071-bedAED 913K · Feb 2023
A6081-bedAED 895K · Jan 2023
1–7 of 12

A601, Golf Promenade 5A in numbers

  • Sold once: by DAMAC on 7 December 2022 for AED 1,636,000, or AED 1,010 per sqft.
  • Rented since July 2017 on 4 Ejari contracts, from AED 117,000 to AED 89,594 a year.
  • At AED 89,594 a year the gross yield on the 2022 price is 5.5%, before a service charge of about AED 24,300 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 7 December 2022.

Questions about A601, Golf Promenade 5A

What did unit A601 last sell for?

AED 1,636,000 on 7 December 2022, sold by the developer: AED 1,010 per sqft for 1,619 sqft. It is the only registered sale of the unit.

What is the rent for unit A601?

AED 89,594 a year on the contract signed on 9 November 2021. The previous contract, from September 2020, was AED 90,000; the unit has been rented since July 2017.

How big is unit A601?

1,619 sqft (150.4 sqm): a two-bedroom apartment on the 6th floor of a 9-storey tower completed in 2019.

What is unit A601 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 A601, Golf Promenade 5A

Starts from the last sale price (AED 1.64M, 7 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,636,000
Deposit, UAE resident (20%)
AED 327,200
Deposit, non-resident (40%)
AED 654,400
Monthly over 25 years at 3.7%
AED 6,693

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