Studio · 485 sqftGolf Promenade 5A, Damac Hills · 7th floor · completed 2019

A703, 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 A703 · DLD and Ejari recordsUpdated 17 November 2025
Last soldAED 547K8 December 2022
Current rentAED 45K /yr17 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A703, Golf Promenade 5A

What is A703 worth today?

Last sold for AED 547,000 in 2022

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17 Nov 2025RentedRenewal
AED 45,000/yr12 months · AED 93 per sqft
17 Nov 2024RentedRenewal
AED 45,000/yr12 months · AED 93 per sqft
17 Nov 2023RentedNew contract
AED 45,000/yr12 months · AED 93 per sqft
8 Dec 2022Sold by developerReady
AED 547,000AED 1,128 per sqft
15 Nov 2020RentedNew contract
AED 33,000/yr13 months · AED 68 per sqft
1 Sep 2018RentedNew contract
AED 45,000/yr12 months · AED 93 per sqft
3 Jun 2017RentedNew contract
AED 54,500/yr12 months · AED 112 per sqft
9 Mar 2017RentedNew contract
AED 48,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 17 November 2025.

Key facts

Type
Studio apartment
Size
485 sqft
Floor
7th of 9
Parking
G-24
Developer
DAMAC
Completed
2019
Service charge
AED 7,300 /yr
Last sold
AED 547K · December 2022

About A703, Golf Promenade 5A

A703 is a studio of 485 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 8 December 2022 for AED 547,000, or AED 1,128 per sqft, in line with the AED 1,108 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 17 November 2025, is AED 45,000 a year: a gross yield of 8.2% on the 2022 price, before the service charge of about AED 7,300 a year.

Sales and rents for A703 over time

Sales
Unit A703, each saleTypical studio in Golf Promenade 5A
540K560K580K2022202320242025Typical sale price by year: 2022 AED 547,000; 2023 AED 586,050; 2024 AED 550,000Sold by developer, December 2022: AED 547,000 (AED 1,128 per sqft)

A703 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit A703, each contractTypical studio in Golf Promenade 5A
30K40K50K2017202020232026Typical 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, March 2017: AED 48,000 a yearNew contract, June 2017: AED 54,500 a yearNew contract, September 2018: AED 45,000 a yearNew contract, November 2020: AED 33,000 a yearNew contract, November 2023: AED 45,000 a yearRenewal, November 2024: AED 45,000 a yearRenewal, November 2025: 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 A703 sits

All 21 studios →

A703 last sold in December 2022 at AED 1,128 per sqft, in line with what studios in Golf Promenade 5A were fetching at the time (AED 1,108). A703'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 7th floor

All 81 units in Golf Promenade 5A
Value
A7012-bedAED 1.79M · Dec 2022
A7023-bedAED 2.11M · Nov 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

A703, Golf Promenade 5A in numbers

  • Sold once: by DAMAC on 8 December 2022 for AED 547,000, or AED 1,128 per sqft.
  • Rented since March 2017 on 7 Ejari contracts. The rent fell from AED 48,000 to AED 33,000 in 2020 and recovered to AED 45,000 by November 2025.
  • At AED 45,000 a year the gross yield on the 2022 price is 8.2%, before a service charge of about AED 7,300 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 17 November 2025.

Questions about A703, Golf Promenade 5A

What did unit A703 last sell for?

AED 547,000 on 8 December 2022, sold by the developer: AED 1,128 per sqft for 485 sqft. It is the only registered sale of the unit.

What is the rent for unit A703?

AED 45,000 a year on the contract renewed on 17 November 2025. The previous contract, from November 2024, was AED 45,000; the unit has been rented since March 2017.

How big is unit A703?

485 sqft (45.1 sqm): a studio on the 7th floor of a 9-storey tower completed in 2019.

What is unit A703 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 A703, Golf Promenade 5A

Starts from the last sale price (AED 547K, 8 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 547,000
Deposit, UAE resident (20%)
AED 109,400
Deposit, non-resident (40%)
AED 218,800
Monthly over 25 years at 3.7%
AED 2,238

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