2-bed · 1,438 sqftGolf Promenade 5B, Damac Hills · 4th floor · completed 2019

B401, 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.

Follow B401

Unit B401 · DLD and Ejari recordsUpdated 10 December 2023

Last soldAED 1.66M19 January 2023

Current rentAED 90K /yr10 December 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow B401

Property timeline for B401, Golf Promenade 5B

Today

What is B401 worth today?

Last sold for AED 1,656,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

10 Dec 2023

10 Dec 2023RentedRenewal

AED 90,295/yr12 months · AED 63 per sqft

19 Jan 2023

19 Jan 2023Sold by developerReady

AED 1,656,000AED 1,151 per sqft

10 Dec 2022

10 Dec 2022RentedRenewal

AED 85,995/yr12 months · AED 60 per sqft

10 Dec 2021

10 Dec 2021RentedRenewal

AED 81,900/yr12 months · AED 57 per sqft

10 Nov 2020

10 Nov 2020RentedNew contract

AED 78,000/yr13 months · AED 54 per sqft

16 Sep 2019

16 Sep 2019RentedRenewal

AED 100,000/yr12 months · AED 70 per sqft

16 Aug 2018

16 Aug 2018RentedNew contract

AED 115,500/yr13 months · AED 80 per sqft

16 Jul 2017

16 Jul 2017RentedNew contract

AED 119,500/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 10 December 2023.

Key facts

Type: 2-bed apartment
Size: 1,438 sqft
Floor: 4th of 9
Parking: LP1-21
Developer: DAMAC
Completed: 2019
Service charge: AED 21,600 /yr
Last sold: AED 1.66M · January 2023
Building: Golf Promenade 5B

About B401, Golf Promenade 5B

B401 is a two-bedroom apartment of 1,438 sqft on the 4th 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 1,656,000, or AED 1,151 per sqft, in line with the AED 1,151 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 10 December 2023, is AED 90,295 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 21,600 a year.

Sales and rents for B401 over time

Rents

Unit B401, each contractTypical two-bed in Golf Promenade 5B

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 5B, and where B401 sits

All 11 2-beds →

B401 last sold in January 2023 at AED 1,151 per sqft, in line with what two-beds in Golf Promenade 5B were fetching at the time (AED 1,151).

Recent 2-bed sales	Size	Price (AED)	Per sqft
1 Feb 20231 February 2023	1,619 sqft	1,865,000	1,151
1 Feb 20231 February 2023	1,821 sqft	2,097,000	1,151
24 Jan 202324 January 2023	2,030 sqft	2,337,000	1,151
24 Jan 202324 January 2023	1,856 sqft	2,137,000	1,151

0 2-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 4th floor

All 82 units in Golf Promenade 5B


B402	3-bed	1,722 sqft	AED 1.98MAED 1,983,000 · Jan 2023January 2023	99,000 /yr
B403	1-bed	814 sqft	AED 939KAED 939,000 · Jan 2023January 2023	59,100 /yr
B404	Studio	489 sqft	AED 564KAED 564,000 · Jan 2023January 2023	32,520 /yr
B405	Studio	530 sqft	AED 612KAED 612,000 · Jan 2023January 2023	47,000 /yr
B406	Studio	521 sqft	AED 601KAED 601,000 · Jan 2023January 2023	37,500 /yr
B407	1-bed	850 sqft	AED 980KAED 980,000 · Jan 2023January 2023	59,100 /yr
B408	1-bed	832 sqft	AED 959KAED 959,000 · Jan 2023January 2023	59,100 /yr
B409	1-bed	804 sqft	AED 926KAED 926,000 · Jan 2023January 2023	74,000 /yr
B410	1-bed	904 sqft	AED 1.04MAED 1,042,000 · Jan 2023January 2023	80,000 /yr
B411	Studio	481 sqft	AED 556KAED 556,000 · Mar 2023March 2023	33,000 /yr
B412	1-bed	816 sqft	AED 940KAED 940,000 · Jan 2023January 2023	65,000 /yr
B413	1-bed	755 sqft	AED 870KAED 870,000 · Jan 2023January 2023	65,000 /yr

1–7 of 12

B401, Golf Promenade 5B in numbers

Sold once: by DAMAC on 19 January 2023 for AED 1,656,000, or AED 1,151 per sqft.
Rented since July 2017 on 7 Ejari contracts. The rent fell from AED 119,500 to AED 78,000 in 2020 and recovered to AED 90,295 by December 2023.
At AED 90,295 a year the gross yield on the 2023 price is 5.5%, before a service charge of about AED 21,600 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 10 December 2023.

Questions about B401, Golf Promenade 5B

What did unit B401 last sell for?

AED 1,656,000 on 19 January 2023, sold by the developer: AED 1,151 per sqft for 1,438 sqft. It is the only registered sale of the unit.

What is the rent for unit B401?

AED 90,295 a year on the contract renewed on 10 December 2023. The previous contract, from December 2022, was AED 85,995; the unit has been rented since July 2017.

How big is unit B401?

1,438 sqft (133.6 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2019.

What is unit B401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling B401? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on B401, Golf Promenade 5B

Starts from the last sale price (AED 1.66M, 19 January 2023). Switch to today's estimate once you have unlocked it.

Price: AED 1,656,000
Deposit, UAE resident (20%): AED 331,200
Deposit, non-resident (40%): AED 662,400
Monthly over 25 years at 3.7%: AED 6,775

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