2-bed · 1,853 sqftGolf Promenade 5A, Damac Hills · Ground floor · completed 2019

G+P 04, Golf Promenade 5A

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

Unit G+P 04 · DLD and Ejari recordsUpdated 29 August 2023
Last soldAED 2.25M29 August 2023
Current rentAED 110K /yr1 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G+P 04, Golf Promenade 5A

What is G+P 04 worth today?

Last sold for AED 2,250,000 in 2023

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29 Aug 2023SoldReady
AED 2,250,000AED 1,213 per sqft
15 Mar 2022Sold by developerReady
AED 1,798,000AED 970 per sqft
1 Nov 2020RentedRenewal
AED 110,000/yr12 months · AED 59 per sqft
1 Nov 2019RentedRenewal
AED 122,000/yr12 months · AED 66 per sqft
1 Oct 2018RentedNew contract
AED 139,500/yr13 months · AED 75 per sqft
1 Sep 2017RentedNew contract
AED 139,500/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 29 August 2023.

Key facts

Type
2-bed apartment
Size
1,853 sqft
Floor
Ground of 9
Parking
LP1-26, LP1-35
Developer
DAMAC
Completed
2019
Service charge
AED 27,800 /yr
Last sold
AED 2.25M · August 2023

About G+P 04, Golf Promenade 5A

G+P 04 is a two-bedroom apartment of 1,853 sqft on the ground floor of Golf Promenade 5A, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. It last sold on 29 August 2023 for AED 2,250,000, or AED 1,213 per sqft, 20% above the AED 1,010 two-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 November 2020, is AED 110,000 a year: a gross yield of 4.9% on the 2023 price, before the service charge of about AED 27,800 a year.

Sales and rents for G+P 04 over time

Sales
Unit G+P 04, each saleTypical two-bed in Golf Promenade 5A
1.75M2M2.25M202220232024Typical sale price by year: 2022 AED 1,743,090; 2023 AED 1,763,500Sold by developer, March 2022: AED 1,798,000 (AED 970 per sqft)Sold, August 2023: AED 2,250,000 (AED 1,213 per sqft)

G+P 04 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit G+P 04, 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, September 2017: AED 139,500 a yearNew contract, October 2018: AED 139,500 a yearRenewal, November 2019: AED 122,000 a yearRenewal, November 2020: AED 110,000 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 G+P 04 sits

All 11 2-beds →

G+P 04 last sold in August 2023 at AED 1,213 per sqft, 20% above what two-beds in Golf Promenade 5A were fetching at the time (AED 1,010). 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 ground floor

All 81 units in Golf Promenade 5A
Value
G+P 013-bedAED 2.06M · Jan 2022
G+P 023-bedAED 4.1M · Sep 2025
G+P 032-bedAED 2.35M · Jul 2023

G+P 04, Golf Promenade 5A in numbers

  • Sold twice: first on 15 March 2022 for AED 1,798,000, last on 29 August 2023 for AED 2,250,000 (AED 1,213 per sqft).
  • Rented since September 2017 on 4 Ejari contracts, from AED 139,500 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2023 price is 4.9%, before a service charge of about AED 27,800 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 29 August 2023.

Questions about G+P 04, Golf Promenade 5A

What did unit G+P 04 last sell for?

AED 2,250,000 on 29 August 2023: AED 1,213 per sqft for 1,853 sqft. The unit has 2 registered sales; the first was AED 1,798,000 in March 2022.

What is the rent for unit G+P 04?

AED 110,000 a year on the contract renewed on 1 November 2020. The previous contract, from November 2019, was AED 122,000; the unit has been rented since September 2017.

How big is unit G+P 04?

1,853 sqft (172.1 sqm): a two-bedroom apartment on the ground floor of a 9-storey tower completed in 2019.

What is unit G+P 04 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 G+P 04, Golf Promenade 5A

Starts from the last sale price (AED 2.25M, 29 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

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