1-bed · 838 sqftGolf Promenade 5A, Damac Hills · 6th floor · completed 2019

A603, 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 A603 · DLD and Ejari recordsUpdated 8 December 2022
Last soldAED 882K8 December 2022
Current rentAED 55K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A603, Golf Promenade 5A

What is A603 worth today?

Last sold for AED 882,000 in 2022

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8 Dec 2022Sold by developerReady
AED 882,000AED 1,052 per sqft
1 Sep 2021RentedRenewal
AED 55,000/yr12 months · AED 66 per sqft
1 Sep 2020RentedRenewal
AED 58,000/yr12 months · AED 69 per sqft
1 Sep 2019RentedRenewal
AED 64,000/yr12 months · AED 76 per sqft
1 Aug 2018RentedNew contract
AED 71,500/yr13 months · AED 85 per sqft
1 Jul 2017RentedNew contract
AED 74,000/yr12 months · AED 88 per sqft
1 Apr 2017RentedNew contract
AED 76,500/yr12 months · AED 91 per sqft

Source: Dubai Land Department. Updated 8 December 2022.

Key facts

Type
1-bed apartment
Size
838 sqft
Floor
6th of 9
Parking
G-8
Developer
DAMAC
Completed
2019
Service charge
AED 12,600 /yr
Last sold
AED 882K · December 2022

About A603, Golf Promenade 5A

A603 is a one-bedroom apartment of 838 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 8 December 2022 for AED 882,000, or AED 1,052 per sqft, in line with the AED 1,028 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 September 2021, is AED 55,000 a year: a gross yield of 6.2% on the 2022 price, before the service charge of about AED 12,600 a year.

Sales and rents for A603 over time

Sales
Unit A603, each saleTypical one-bed in Golf Promenade 5A
900K950K2022202320242025Typical sale price by year: 2022 AED 876,500; 2023 AED 872,200; 2024 AED 975,000Sold by developer, December 2022: AED 882,000 (AED 1,052 per sqft)

A603 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit A603, each contractTypical one-bed in Golf Promenade 5A
60K80K2017202020232026Typical rent by year: 2017 AED 75,000; 2018 AED 67,000; 2019 AED 60,500; 2020 AED 56,941; 2021 AED 51,000; 2022 AED 53,550; 2023 AED 65,000; 2024 AED 67,000; 2025 AED 70,000; 2026 AED 75,000New contract, April 2017: AED 76,500 a yearNew contract, July 2017: AED 74,000 a yearNew contract, August 2018: AED 71,500 a yearRenewal, September 2019: AED 64,000 a yearRenewal, September 2020: AED 58,000 a yearRenewal, September 2021: AED 55,000 a year

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

1-beds in Golf Promenade 5A, and where A603 sits

All 40 1-beds →

A603 last sold in December 2022 at AED 1,052 per sqft, in line with what one-beds in Golf Promenade 5A were fetching at the time (AED 1,028). Over the last 12 months one-beds sold for AED 950,000 to 1,100,000, around AED 1,277 per sqft, and rent for AED 65,000 to 90,000 a year. A603's AED 55,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Sep 2026950,000
16 Mar 20261,100,000
8 Jul 20251,100,000
6 Feb 20251,000,000
2 1-bed 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 6th floor

All 81 units in Golf Promenade 5A
Value
A6012-bedAED 1.64M · Dec 2022
A6023-bedAED 1.69M · 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

A603, Golf Promenade 5A in numbers

  • Sold once: by DAMAC on 8 December 2022 for AED 882,000, or AED 1,052 per sqft.
  • Rented since April 2017 on 6 Ejari contracts, from AED 76,500 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2022 price is 6.2%, before a service charge of about AED 12,600 a year (AED 15.00 per sqft).
  • One-beds in Golf Promenade 5A sold for AED 950,000–1,100,000 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 8 December 2022.

Questions about A603, Golf Promenade 5A

What did unit A603 last sell for?

AED 882,000 on 8 December 2022, sold by the developer: AED 1,052 per sqft for 838 sqft. It is the only registered sale of the unit.

What is the rent for unit A603?

AED 55,000 a year on the contract renewed on 1 September 2021. The previous contract, from September 2020, was AED 58,000; the unit has been rented since April 2017.

How big is unit A603?

838 sqft (77.9 sqm): a one-bedroom apartment on the 6th floor of a 9-storey tower completed in 2019.

What is unit A603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Golf Promenade 5A sold for AED 950,000 to 1,100,000 in the last 12 months, around AED 1,277 per sqft.

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Mortgage on A603, Golf Promenade 5A

Starts from the last sale price (AED 882K, 8 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 882,000
Deposit, UAE resident (20%)
AED 176,400
Deposit, non-resident (40%)
AED 352,800
Monthly over 25 years at 3.7%
AED 3,609

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