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3-bed · 2,413 sqftGolf Promenade 5A, Damac Hills · 7th floor · completed 2019

A702, 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 A702 · DLD and Ejari recordsUpdated 15 November 2022
Last soldAED 2.11M15 November 2022
Current rentAED 105K /yr1 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A702, Golf Promenade 5A

What is A702 worth today?

Last sold for AED 2,111,850 in 2022

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15 Nov 2022Sold by developerReady
AED 2,111,850AED 875 per sqft
1 Oct 2021RentedRenewal
AED 105,000/yr12 months · AED 44 per sqft
1 Sep 2020RentedRenewal
AED 100,000/yr13 months · AED 41 per sqft
1 Aug 2019RentedNew contract
AED 116,000/yr13 months · AED 48 per sqft
9 Aug 2017RentedNew contract
AED 146,000/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 15 November 2022.

Key facts

Type
3-bed apartment
Size
2,413 sqft
Floor
7th of 9
Parking
UP1-20, UP1-44
Developer
DAMAC
Completed
2019
Service charge
AED 36,200 /yr
Last sold
AED 2.11M · November 2022
Building
Golf Promenade 5A

About A702, Golf Promenade 5A

A702 is a three-bedroom apartment of 2,413 sqft on the 7th floor of Golf Promenade 5A, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 15 November 2022 for AED 2,111,850, or AED 875 per sqft, in line with the AED 882 three-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 1 October 2021, is AED 105,000 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 36,200 a year.

Sales and rents for A702 over time

Sales
Unit A702, each saleTypical three-bed in Golf Promenade 5A
2.1M2.2M2.3M2022202320242025Typical sale price by year: 2022 AED 2,111,850; 2024 AED 2,330,000Sold by developer, November 2022: AED 2,111,850 (AED 875 per sqft)

A702 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit A702, each contractTypical three-bed in Golf Promenade 5A
100K150K200K2017202020232026Typical rent by year: 2017 AED 147,000; 2018 AED 141,500; 2019 AED 127,025; 2020 AED 110,000; 2021 AED 101,500; 2022 AED 100,000; 2023 AED 190,000; 2025 AED 160,000; 2026 AED 155,000New contract, August 2017: AED 146,000 a yearNew contract, August 2019: AED 116,000 a yearRenewal, September 2020: AED 100,000 a yearRenewal, October 2021: AED 105,000 a year

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

3-beds in Golf Promenade 5A, and where A702 sits

All 9 3-beds →

A702 last sold in November 2022 at AED 875 per sqft, in line with what three-beds in Golf Promenade 5A were fetching at the time (AED 882). Over the last 12 months three-beds sold for AED 2,200,000 to 3,400,000, around AED 1,236 per sqft, and rent for AED 155,000 to 165,000 a year. A702's AED 105,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
6 Aug 20262,200,000
3 Apr 20263,400,000
15 Sep 20254,100,000
24 Oct 20242,060,000
2 3-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 7th floor

All 81 units in Golf Promenade 5A
Value
A7012-bedAED 1.79M · Dec 2022
A703StudioAED 547K · Dec 2022
A7042-bedAED 1.75M · Dec 2023
A7051-bedAED 894K · Dec 2022
A7061-bedAED 895K · Dec 2022
A7071-bedAED 809K · Nov 2022
A7081-bedAED 1.08M · Jul 2023
1–7 of 9

A702, Golf Promenade 5A in numbers

  • Sold once: by DAMAC on 15 November 2022 for AED 2,111,850, or AED 875 per sqft.
  • Rented since August 2017 on 4 Ejari contracts, from AED 146,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2022 price is 5.0%, before a service charge of about AED 36,200 a year (AED 15.00 per sqft).
  • Three-beds in Golf Promenade 5A sold for AED 2,200,000–3,400,000 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 15 November 2022.

Questions about A702, Golf Promenade 5A

What did unit A702 last sell for?

AED 2,111,850 on 15 November 2022, sold by the developer: AED 875 per sqft for 2,413 sqft. It is the only registered sale of the unit.

What is the rent for unit A702?

AED 105,000 a year on the contract renewed on 1 October 2021. The previous contract, from September 2020, was AED 100,000; the unit has been rented since August 2017.

How big is unit A702?

2,413 sqft (224.2 sqm): a three-bedroom apartment on the 7th floor of a 9-storey tower completed in 2019.

What is unit A702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Golf Promenade 5A sold for AED 2,200,000 to 3,400,000 in the last 12 months, around AED 1,236 per sqft.

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Mortgage on A702, Golf Promenade 5A

Starts from the last sale price (AED 2.11M, 15 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,111,850
Deposit, UAE resident (20%)
AED 422,370
Deposit, non-resident (40%)
AED 844,740
Monthly over 25 years at 3.7%
AED 8,640

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