B408, 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 B408, Golf Promenade 5B
What is B408 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 832 sqft
- Floor
- 4th of 9
- Parking
- UP1-3
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 12,500 /yr
- Last sold
- AED 959K · January 2023
- Building
- Golf Promenade 5B
About B408, Golf Promenade 5B
B408 is a one-bedroom apartment of 832 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 959,000, 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, renewed on 1 September 2024, is AED 59,100 a year: a gross yield of 6.2% on the 2023 price, before the service charge of about AED 12,500 a year.
Sales and rents for B408 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 B408 sits
All 40 1-beds →B408 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 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 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 | |
| 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 | |
| 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 |
B408, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 19 January 2023 for AED 959,000, or AED 1,152 per sqft.
- Rented since August 2017 on 8 Ejari contracts. The rent fell from AED 69,000 to AED 51,000 in 2021 and recovered to AED 59,100 by September 2024.
- At AED 59,100 a year the gross yield on the 2023 price is 6.2%, before a service charge of about AED 12,500 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 1 September 2024.
Questions about B408, Golf Promenade 5B
What did unit B408 last sell for?
AED 959,000 on 19 January 2023, sold by the developer: AED 1,152 per sqft for 832 sqft. It is the only registered sale of the unit.
What is the rent for unit B408?
AED 59,100 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 56,228; the unit has been rented since August 2017.
How big is unit B408?
832 sqft (77.3 sqm): a one-bedroom apartment on the 4th floor of a 9-storey tower completed in 2019.
What is unit B408 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 B408, Golf Promenade 5B
Starts from the last sale price (AED 959K, 19 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 959,000
- Deposit, UAE resident (20%)
- AED 191,800
- Deposit, non-resident (40%)
- AED 383,600
- Monthly over 25 years at 3.7%
- AED 3,924
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →