B308, 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.
Property timeline for B308, Golf Promenade 5B
What is B308 worth today?
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Source: Dubai Land Department. Updated 2 January 2024.
Key facts
- Type
- Studio apartment
- Size
- 598 sqft
- Floor
- 3rd of 9
- Parking
- LP1-16
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 9,000 /yr
- Last sold
- AED 690K · January 2023
- Building
- Golf Promenade 5B
About B308, Golf Promenade 5B
B308 is a studio of 598 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 690,000, or AED 1,153 per sqft, in line with the AED 1,153 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 2 January 2024, is AED 42,000 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 9,000 a year.
Sales and rents for B308 over time
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Golf Promenade 5B, and where B308 sits
All 21 studios →B308 last sold in January 2023 at AED 1,153 per sqft, in line with what studios in Golf Promenade 5B were fetching at the time (AED 1,153).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Mar 202315 March 2023 | 481 sqft | 556,000 | 1,155 | ||
| 24 Jan 202324 January 2023 | 522 sqft | 603,000 | 1,154 | ||
| 24 Jan 202324 January 2023 | 482 sqft | 556,000 | 1,154 | ||
| 24 Jan 202324 January 2023 | 501 sqft | 577,000 | 1,151 |
Golf Promenade 5B
Building82 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
Other units on the 3rd floor
All 82 units in Golf Promenade 5B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B301 | 2-bed | 2,030 sqft | AED 2.34MAED 2,337,000 · Jan 2023January 2023 | 114,109 /yr | |
| B302 | 3-bed | 3,297 sqft | AED 3.8MAED 3,797,000 · Jan 2023January 2023 | 105,000 /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 | |
| 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 |
B308, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 24 January 2023 for AED 690,000, or AED 1,153 per sqft.
- Rented since April 2017 on 8 Ejari contracts. The rent fell from AED 55,000 to AED 36,500 in 2023 and recovered to AED 42,000 by January 2024.
- At AED 42,000 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 9,000 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 2 January 2024.
Questions about B308, Golf Promenade 5B
What did unit B308 last sell for?
AED 690,000 on 24 January 2023, sold by the developer: AED 1,153 per sqft for 598 sqft. It is the only registered sale of the unit.
What is the rent for unit B308?
AED 42,000 a year on the contract signed on 2 January 2024. The previous contract, from January 2023, was AED 36,500; the unit has been rented since April 2017.
How big is unit B308?
598 sqft (55.6 sqm): a studio on the 3rd floor of a 9-storey tower completed in 2019.
What is unit B308 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 B308, Golf Promenade 5B
Starts from the last sale price (AED 690K, 24 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 690,000
- Deposit, UAE resident (20%)
- AED 138,000
- Deposit, non-resident (40%)
- AED 276,000
- Monthly over 25 years at 3.7%
- AED 2,823
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →