B508, 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 B508, Golf Promenade 5B
What is B508 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 833 sqft
- Floor
- 5th of 9
- Parking
- UP1-14
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 12,500 /yr
- Last sold
- AED 959K · January 2023
- Building
- Golf Promenade 5B
About B508, Golf Promenade 5B
B508 is a one-bedroom apartment of 833 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 20 January 2023 for AED 959,000, or AED 1,151 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, renewed on 1 August 2024, is AED 58,500 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 12,500 a year.
Sales and rents for B508 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 B508 sits
All 40 1-beds →B508 last sold in January 2023 at AED 1,151 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 | |
| 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 | |
| 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 |
B508, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 20 January 2023 for AED 959,000, or AED 1,151 per sqft.
- Rented since August 2017 on 7 Ejari contracts. The rent fell from AED 69,000 to AED 50,000 in 2021 and recovered to AED 58,500 by August 2024.
- At AED 58,500 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 12,500 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 1 August 2024.
Questions about B508, Golf Promenade 5B
What did unit B508 last sell for?
AED 959,000 on 20 January 2023, sold by the developer: AED 1,151 per sqft for 833 sqft. It is the only registered sale of the unit.
What is the rent for unit B508?
AED 58,500 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 55,650; the unit has been rented since August 2017.
How big is unit B508?
833 sqft (77.4 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2019.
What is unit B508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling B508? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on B508, Golf Promenade 5B
Starts from the last sale price (AED 959K, 20 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 →