B506, 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 B506, Golf Promenade 5B
What is B506 worth today?
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Source: Dubai Land Department. Updated 15 March 2024.
Key facts
- Type
- Studio apartment
- Size
- 521 sqft
- Floor
- 5th of 9
- Parking
- UP1-12
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 7,800 /yr
- Last sold
- AED 602K · January 2023
- Building
- Golf Promenade 5B
About B506, Golf Promenade 5B
B506 is a studio of 521 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 602,000, or AED 1,155 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 6 Ejari contracts. The current contract, renewed on 15 March 2024, is AED 32,520 a year: a gross yield of 5.4% on the 2023 price, before the service charge of about AED 7,800 a year.
Sales and rents for B506 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 B506 sits
All 21 studios →B506 last sold in January 2023 at AED 1,155 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 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 | |
| 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 | |
| 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 |
B506, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 19 January 2023 for AED 602,000, or AED 1,155 per sqft.
- Rented since July 2017 on 6 Ejari contracts. The rent fell from AED 51,500 to AED 25,000 in 2021 and recovered to AED 32,520 by March 2024.
- At AED 32,520 a year the gross yield on the 2023 price is 5.4%, before a service charge of about AED 7,800 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 15 March 2024.
Questions about B506, Golf Promenade 5B
What did unit B506 last sell for?
AED 602,000 on 19 January 2023, sold by the developer: AED 1,155 per sqft for 521 sqft. It is the only registered sale of the unit.
What is the rent for unit B506?
AED 32,520 a year on the contract renewed on 15 March 2024. The previous contract, from March 2023, was AED 29,563; the unit has been rented since July 2017.
How big is unit B506?
521 sqft (48.4 sqm): a studio on the 5th floor of a 9-storey tower completed in 2019.
What is unit B506 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 B506, Golf Promenade 5B
Starts from the last sale price (AED 602K, 19 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 602,000
- Deposit, UAE resident (20%)
- AED 120,400
- Deposit, non-resident (40%)
- AED 240,800
- Monthly over 25 years at 3.7%
- AED 2,463
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →