3-bed · 3,297 sqftGolf Promenade 5B, Damac Hills · 3rd floor · completed 2019

B302, Golf Promenade 5B

Sold prices and rental history: sold once, by the developer in January 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit B302 · DLD and Ejari recordsUpdated 1 September 2023

Last soldAED 3.8M24 January 2023

Current rentAED 105K /yr1 September 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for B302, Golf Promenade 5B

Today

What is B302 worth today?

Last sold for AED 3,797,000 in 2023

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1 Sep 2023

1 Sep 2023RentedRenewal

AED 105,000/yr12 months · AED 32 per sqft

24 Jan 2023

24 Jan 2023Sold by developerReady

AED 3,797,000AED 1,151 per sqft

1 Sep 2022

1 Sep 2022RentedRenewal

AED 100,000/yr12 months · AED 30 per sqft

1 Sep 2021

1 Sep 2021RentedRenewal

AED 95,000/yr12 months · AED 29 per sqft

1 Aug 2020

1 Aug 2020RentedNew contract

AED 110,000/yr13 months · AED 33 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type: 3-bed apartment
Size: 3,297 sqft
Floor: 3rd of 9
Parking: UP1-37, UP1-39
Developer: DAMAC
Completed: 2019
Service charge: AED 49,400 /yr
Last sold: AED 3.8M · January 2023
Building: Golf Promenade 5B

About B302, Golf Promenade 5B

B302 is a three-bedroom apartment of 3,297 sqft on the 3rd floor of Golf Promenade 5B, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 24 January 2023 for AED 3,797,000, or AED 1,151 per sqft, in line with the AED 1,151 three-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 105,000 a year: a gross yield of 2.8% on the 2023 price, before the service charge of about AED 49,400 a year.

Sales and rents for B302 over time

Rents

Unit B302, each contractTypical three-bed in Golf Promenade 5B

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 5B, and where B302 sits

All 10 3-beds →

B302 last sold in January 2023 at AED 1,151 per sqft, in line with what three-beds in Golf Promenade 5B were fetching at the time (AED 1,151).

Recent 3-bed sales	Size	Price (AED)	Per sqft
24 Jan 202324 January 2023	2,339 sqft	2,693,000	1,151
24 Jan 202324 January 2023	2,619 sqft	3,015,000	1,151
20 Jan 202320 January 2023	2,113 sqft	2,433,000	1,151
20 Jan 202320 January 2023	2,848 sqft	3,280,000	1,151

0 3-bed sales in the last 12 months

Golf Promenade 5B

Building

82 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2019 by DAMAC. No sale in the last 12 months.

Typical price per sqft: Few sales
Typical sale: Few sales
Typical rent: Few contracts
Typical yield

Golf Promenade 5B, Damac Hills: prices, sales and rents →

Other units on the 3rd floor

All 82 units in Golf Promenade 5B


B301	2-bed	2,030 sqft	AED 2.34MAED 2,337,000 · Jan 2023January 2023	114,109 /yr
B303	1-bed	1,298 sqft	AED 1.5MAED 1,496,000 · Jan 2023January 2023	80,000 /yr
B304	Studio	588 sqft	AED 678KAED 678,000 · Jan 2023January 2023	36,500 /yr
B305	Studio	608 sqft	AED 701KAED 701,000 · Jan 2023January 2023	38,000 /yr
B306	Studio	593 sqft	AED 685KAED 685,000 · Jan 2023January 2023	37,000 /yr
B307	1-bed	882 sqft	AED 1.02MAED 1,016,000 · Jan 2023January 2023	59,100 /yr
B308	Studio	598 sqft	AED 690KAED 690,000 · Jan 2023January 2023	42,000 /yr
B309	1-bed	962 sqft	AED 1.11MAED 1,107,000 · Jan 2023January 2023	56,228 /yr
B310	Studio	565 sqft	AED 651KAED 651,000 · Jan 2023January 2023	35,595 /yr
B311	1-bed	931 sqft	AED 1.07MAED 1,072,000 · Jan 2023January 2023	60,900 /yr
B312	1-bed	723 sqft	AED 833KAED 833,000 · Jan 2023January 2023	60,000 /yr

1–7 of 11

B302, Golf Promenade 5B in numbers

Sold once: by DAMAC on 24 January 2023 for AED 3,797,000, or AED 1,151 per sqft.
Rented since August 2020 on 4 Ejari contracts. The rent fell from AED 110,000 to AED 95,000 in 2021 and recovered to AED 105,000 by September 2023.
At AED 105,000 a year the gross yield on the 2023 price is 2.8%, before a service charge of about AED 49,400 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 1 September 2023.

Questions about B302, Golf Promenade 5B

What did unit B302 last sell for?

AED 3,797,000 on 24 January 2023, sold by the developer: AED 1,151 per sqft for 3,297 sqft. It is the only registered sale of the unit.

What is the rent for unit B302?

AED 105,000 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 100,000; the unit has been rented since August 2020.

How big is unit B302?

3,297 sqft (306.3 sqm): a three-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2019.

What is unit B302 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 B302, Golf Promenade 5B

Starts from the last sale price (AED 3.8M, 24 January 2023). Switch to today's estimate once you have unlocked it.

Price: AED 3,797,000
Deposit, UAE resident (20%): AED 759,400
Deposit, non-resident (40%): AED 1,518,800
Monthly over 25 years at 3.7%: AED 15,535

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