B405, 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 B405, Golf Promenade 5B
What is B405 worth today?
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Source: Dubai Land Department. Updated 6 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 530 sqft
- Floor
- 4th of 9
- Parking
- LP1-24
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 8,000 /yr
- Last sold
- AED 612K · January 2023
- Building
- Golf Promenade 5B
About B405, Golf Promenade 5B
B405 is a studio of 530 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 612,000, 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 7 Ejari contracts. The current contract, signed on 6 October 2024, is AED 47,000 a year: a gross yield of 7.7% on the 2023 price, before the service charge of about AED 8,000 a year.
Sales and rents for B405 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 B405 sits
All 21 studios →B405 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 | 598 sqft | 690,000 | 1,153 | ||
| 24 Jan 202324 January 2023 | 482 sqft | 556,000 | 1,154 |
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 4th floor
All 82 units in Golf Promenade 5B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B401 | 2-bed | 1,438 sqft | AED 1.66MAED 1,656,000 · Jan 2023January 2023 | 90,295 /yr | |
| 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 | |
| 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 |
B405, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 19 January 2023 for AED 612,000, or AED 1,153 per sqft.
- Rented since April 2017 on 7 Ejari contracts. The rent fell from AED 53,000 to AED 35,500 in 2022 and recovered to AED 47,000 by October 2024.
- At AED 47,000 a year the gross yield on the 2023 price is 7.7%, before a service charge of about AED 8,000 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 6 October 2024.
Questions about B405, Golf Promenade 5B
What did unit B405 last sell for?
AED 612,000 on 19 January 2023, sold by the developer: AED 1,153 per sqft for 530 sqft. It is the only registered sale of the unit.
What is the rent for unit B405?
AED 47,000 a year on the contract signed on 6 October 2024. The previous contract, from February 2022, was AED 35,500; the unit has been rented since April 2017.
How big is unit B405?
530 sqft (49.2 sqm): a studio on the 4th floor of a 9-storey tower completed in 2019.
What is unit B405 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 B405, Golf Promenade 5B
Starts from the last sale price (AED 612K, 19 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 612,000
- Deposit, UAE resident (20%)
- AED 122,400
- Deposit, non-resident (40%)
- AED 244,800
- Monthly over 25 years at 3.7%
- AED 2,504
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →