B311, 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 B311, Golf Promenade 5B
What is B311 worth today?
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Source: Dubai Land Department. Updated 10 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 931 sqft
- Floor
- 3rd of 9
- Parking
- LP1-19
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 14,000 /yr
- Last sold
- AED 1.07M · January 2023
- Building
- Golf Promenade 5B
About B311, Golf Promenade 5B
B311 is a one-bedroom apartment of 931 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 19 January 2023 for AED 1,072,000, or AED 1,151 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 6 Ejari contracts. The current contract, signed on 10 August 2024, is AED 60,900 a year: a gross yield of 5.7% on the 2023 price, before the service charge of about AED 14,000 a year.
Sales and rents for B311 over time
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 B311 sits
All 40 1-beds →B311 last sold in January 2023 at AED 1,151 per sqft, in line with what one-beds in Golf Promenade 5B were fetching at the time (AED 1,152).
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Feb 20231 February 2023 | 848 sqft | 977,000 | 1,151 | ||
| 25 Jan 202325 January 2023 | 850 sqft | 980,000 | 1,152 | ||
| 24 Jan 202324 January 2023 | 733 sqft | 845,000 | 1,153 | ||
| 24 Jan 202324 January 2023 | 838 sqft | 966,000 | 1,152 |
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 | |
| 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 | |
| B312 | 1-bed | 723 sqft | AED 833KAED 833,000 · Jan 2023January 2023 | 60,000 /yr |
B311, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 19 January 2023 for AED 1,072,000, or AED 1,151 per sqft.
- Rented since September 2017 on 6 Ejari contracts, from AED 77,000 to AED 60,900 a year.
- At AED 60,900 a year the gross yield on the 2023 price is 5.7%, before a service charge of about AED 14,000 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 10 August 2024.
Questions about B311, Golf Promenade 5B
What did unit B311 last sell for?
AED 1,072,000 on 19 January 2023, sold by the developer: AED 1,151 per sqft for 931 sqft. It is the only registered sale of the unit.
What is the rent for unit B311?
AED 60,900 a year on the contract signed on 10 August 2024. The previous contract, from August 2023, was AED 58,000; the unit has been rented since September 2017.
How big is unit B311?
931 sqft (86.5 sqm): a one-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2019.
What is unit B311 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 B311, Golf Promenade 5B
Starts from the last sale price (AED 1.07M, 19 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,072,000
- Deposit, UAE resident (20%)
- AED 214,400
- Deposit, non-resident (40%)
- AED 428,800
- Monthly over 25 years at 3.7%
- AED 4,386
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →