B503, 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 B503, Golf Promenade 5B
What is B503 worth today?
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Source: Dubai Land Department. Updated 2 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 806 sqft
- Floor
- 5th of 9
- Parking
- UP1-9
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 12,100 /yr
- Last sold
- AED 930K · January 2023
- Building
- Golf Promenade 5B
About B503, Golf Promenade 5B
B503 is a one-bedroom apartment of 806 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 930,000, or AED 1,153 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 7 Ejari contracts. The current contract, signed on 2 August 2024, is AED 79,000 a year: a gross yield of 8.5% on the 2023 price, before the service charge of about AED 12,100 a year.
Sales and rents for B503 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 B503 sits
All 40 1-beds →B503 last sold in January 2023 at AED 1,153 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 5th floor
All 82 units in Golf Promenade 5B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B501 | 2-bed | 1,690 sqft | AED 1.95MAED 1,946,000 · Jan 2023January 2023 | 98,000 /yr | |
| B502 | 3-bed | 1,747 sqft | AED 2.01MAED 2,012,000 · Jan 2023January 2023 | 85,338 /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 |
B503, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 19 January 2023 for AED 930,000, or AED 1,153 per sqft.
- Rented since September 2017 on 7 Ejari contracts. The rent fell from AED 74,000 to AED 50,000 in 2021 and recovered to AED 79,000 by August 2024.
- At AED 79,000 a year the gross yield on the 2023 price is 8.5%, before a service charge of about AED 12,100 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 2 August 2024.
Questions about B503, Golf Promenade 5B
What did unit B503 last sell for?
AED 930,000 on 19 January 2023, sold by the developer: AED 1,153 per sqft for 806 sqft. It is the only registered sale of the unit.
What is the rent for unit B503?
AED 79,000 a year on the contract signed on 2 August 2024. The previous contract, from August 2023, was AED 60,761; the unit has been rented since September 2017.
How big is unit B503?
806 sqft (74.9 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2019.
What is unit B503 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 B503, Golf Promenade 5B
Starts from the last sale price (AED 930K, 19 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 930,000
- Deposit, UAE resident (20%)
- AED 186,000
- Deposit, non-resident (40%)
- AED 372,000
- Monthly over 25 years at 3.7%
- AED 3,805
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →