B501, 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 B501, Golf Promenade 5B
What is B501 worth today?
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Source: Dubai Land Department. Updated 11 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,690 sqft
- Floor
- 5th of 9
- Parking
- G-19
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 25,300 /yr
- Last sold
- AED 1.95M · January 2023
- Building
- Golf Promenade 5B
About B501, Golf Promenade 5B
B501 is a two-bedroom apartment of 1,690 sqft on the 5th 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 1,946,000, 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 8 Ejari contracts. The current contract, signed on 11 October 2024, is AED 98,000 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 25,300 a year.
Sales and rents for B501 over time
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 B501 sits
All 11 2-beds →B501 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 | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 5th floor
All 82 units in Golf Promenade 5B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B502 | 3-bed | 1,747 sqft | AED 2.01MAED 2,012,000 · Jan 2023January 2023 | 85,338 /yr | |
| B503 | 1-bed | 806 sqft | AED 930KAED 930,000 · Jan 2023January 2023 | 79,000 /yr | |
| B504 | Studio | 493 sqft | AED 569KAED 569,000 · Jan 2023January 2023 | 45,000 /yr | |
| B505 | Studio | 525 sqft | AED 605KAED 605,000 · Jan 2023January 2023 | 36,500 /yr | |
| B506 | Studio | 521 sqft | AED 602KAED 602,000 · Jan 2023January 2023 | 32,520 /yr | |
| B507 | 1-bed | 846 sqft | AED 975KAED 975,000 · Jan 2023January 2023 | 57,885 /yr | |
| B508 | 1-bed | 833 sqft | AED 959KAED 959,000 · Jan 2023January 2023 | 58,500 /yr | |
| B509 | 1-bed | 804 sqft | AED 926KAED 926,000 · Jan 2023January 2023 | 56,228 /yr | |
| B510 | 1-bed | 904 sqft | AED 1.04MAED 1,041,000 · Jan 2023January 2023 | 61,000 /yr | |
| B511 | Studio | 482 sqft | AED 556KAED 556,000 · Jan 2023January 2023 | 37,044 /yr | |
| B512 | 1-bed | 854 sqft | AED 984KAED 984,000 · Jan 2023January 2023 | 53,130 /yr | |
| B513 | 1-bed | 731 sqft | AED 844KAED 844,000 · Jan 2023January 2023 | 61,400 /yr |
B501, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 19 January 2023 for AED 1,946,000, or AED 1,151 per sqft.
- Rented since June 2017 on 8 Ejari contracts, from AED 124,000 to AED 98,000 a year.
- At AED 98,000 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 25,300 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 11 October 2024.
Questions about B501, Golf Promenade 5B
What did unit B501 last sell for?
AED 1,946,000 on 19 January 2023, sold by the developer: AED 1,151 per sqft for 1,690 sqft. It is the only registered sale of the unit.
What is the rent for unit B501?
AED 98,000 a year on the contract signed on 11 October 2024. The previous contract, from October 2023, was AED 92,000; the unit has been rented since June 2017.
How big is unit B501?
1,690 sqft (157.0 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2019.
What is unit B501 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 B501, Golf Promenade 5B
Starts from the last sale price (AED 1.95M, 19 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,946,000
- Deposit, UAE resident (20%)
- AED 389,200
- Deposit, non-resident (40%)
- AED 778,400
- Monthly over 25 years at 3.7%
- AED 7,962
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →