1-bed · 1,298 sqftGolf Promenade 5B, Damac Hills · 3rd floor · completed 2019

B303, Golf Promenade 5B

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

Unit B303 · DLD and Ejari recordsUpdated 5 December 2024
Last soldAED 1.5M24 January 2023
Current rentAED 80K /yr5 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B303, Golf Promenade 5B

What is B303 worth today?

Last sold for AED 1,496,000 in 2023

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5 Dec 2024RentedNew contract
AED 80,000/yr12 months · AED 62 per sqft
21 Aug 2023RentedRenewal
AED 59,275/yr6 months · AED 46 per sqft
21 Feb 2023RentedRenewal
AED 57,750/yr6 months · AED 44 per sqft
24 Jan 2023Sold by developerReady
AED 1,496,000AED 1,152 per sqft
21 Feb 2022RentedRenewal
AED 57,750/yr12 months · AED 44 per sqft
21 Jan 2021RentedNew contract
AED 55,000/yr13 months · AED 42 per sqft
17 Nov 2019RentedNew contract
AED 63,500/yr13 months · AED 49 per sqft
1 Oct 2018RentedNew contract
AED 79,000/yr13 months · AED 61 per sqft

Source: Dubai Land Department. Updated 5 December 2024.

Key facts

Type
1-bed apartment
Size
1,298 sqft
Floor
3rd of 9
Parking
LP1-11
Developer
DAMAC
Completed
2019
Service charge
AED 19,500 /yr
Last sold
AED 1.5M · January 2023

About B303, Golf Promenade 5B

B303 is a one-bedroom apartment of 1,298 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 1,496,000, or AED 1,152 per sqft, in line with the AED 1,152 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 5 December 2024, is AED 80,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 19,500 a year.

Sales and rents for B303 over time

Rents
Unit B303, each contractTypical one-bed in Golf Promenade 5B
60K80K2017202020232026Typical rent by year: 2017 AED 73,000; 2018 AED 68,000; 2019 AED 59,750; 2020 AED 55,046; 2021 AED 51,000; 2022 AED 53,550; 2023 AED 56,228; 2024 AED 60,000; 2025 AED 75,000New contract, September 2017: AED 81,500 a yearNew contract, October 2018: AED 79,000 a yearNew contract, November 2019: AED 63,500 a yearNew contract, January 2021: AED 55,000 a yearRenewal, February 2022: AED 57,750 a yearRenewal, February 2023: AED 57,750 a yearRenewal, August 2023: AED 59,275 a yearNew contract, December 2024: AED 80,000 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 5B, and where B303 sits

All 40 1-beds →

B303 last sold in January 2023 at AED 1,152 per sqft, in line with what one-beds in Golf Promenade 5B were fetching at the time (AED 1,152).

Recent 1-bed salesUnit no.Price (AED)Summary
1 Feb 2023977,000
25 Jan 2023980,000
24 Jan 2023845,000
24 Jan 2023966,000
0 1-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
Value
B3012-bedAED 2.34M · Jan 2023
B3023-bedAED 3.8M · Jan 2023
B304StudioAED 678K · Jan 2023
B305StudioAED 701K · Jan 2023
B306StudioAED 685K · Jan 2023
B3071-bedAED 1.02M · Jan 2023
B308StudioAED 690K · Jan 2023
1–7 of 11

B303, Golf Promenade 5B in numbers

  • Sold once: by DAMAC on 24 January 2023 for AED 1,496,000, or AED 1,152 per sqft.
  • Rented since September 2017 on 8 Ejari contracts. The rent fell from AED 81,500 to AED 55,000 in 2021 and recovered to AED 80,000 by December 2024.
  • At AED 80,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 19,500 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 5 December 2024.

Questions about B303, Golf Promenade 5B

What did unit B303 last sell for?

AED 1,496,000 on 24 January 2023, sold by the developer: AED 1,152 per sqft for 1,298 sqft. It is the only registered sale of the unit.

What is the rent for unit B303?

AED 80,000 a year on the contract signed on 5 December 2024. The previous contract, from August 2023, was AED 59,275; the unit has been rented since September 2017.

How big is unit B303?

1,298 sqft (120.6 sqm): a one-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2019.

What is unit B303 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 B303, Golf Promenade 5B

Starts from the last sale price (AED 1.5M, 24 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,496,000
Deposit, UAE resident (20%)
AED 299,200
Deposit, non-resident (40%)
AED 598,400
Monthly over 25 years at 3.7%
AED 6,121

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