1-bed · 804 sqftGolf Promenade 5B, Damac Hills · 5th floor · completed 2019

B509, 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.

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Unit B509 · DLD and Ejari recordsUpdated 1 September 2023

Last soldAED 926K20 January 2023

Current rentAED 56K /yr1 September 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for B509, Golf Promenade 5B

Today

What is B509 worth today?

Last sold for AED 926,000 in 2023

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1 Sep 2023

1 Sep 2023RentedRenewal

AED 56,228/yr12 months · AED 70 per sqft

20 Jan 2023

20 Jan 2023Sold by developerReady

AED 926,000AED 1,151 per sqft

1 Sep 2022

1 Sep 2022RentedRenewal

AED 53,550/yr12 months · AED 67 per sqft

1 Sep 2021

1 Sep 2021RentedRenewal

AED 51,000/yr12 months · AED 63 per sqft

10 Oct 2020

10 Oct 2020RentedRenewal

AED 54,041/yr11 months · AED 67 per sqft

10 Oct 2019

10 Oct 2019RentedNew contract

AED 57,500/yr12 months · AED 72 per sqft

26 Sep 2018

26 Sep 2018RentedNew contract

AED 65,250/yr12 months · AED 81 per sqft

26 Aug 2017

26 Aug 2017RentedNew contract

AED 72,500/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type: 1-bed apartment
Size: 804 sqft
Floor: 5th of 9
Parking: UP1-15
Developer: DAMAC
Completed: 2019
Service charge: AED 12,100 /yr
Last sold: AED 926K · January 2023
Building: Golf Promenade 5B

About B509, Golf Promenade 5B

B509 is a one-bedroom apartment of 804 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 926,000, 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 September 2023, is AED 56,228 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 12,100 a year.

Sales and rents for B509 over time

Rents

Unit B509, each contractTypical one-bed in Golf Promenade 5B

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 B509 sits

All 40 1-beds →

B509 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	Size	Price (AED)	Per sqft
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

0 1-bed sales in the last 12 months

Golf Promenade 5B

Building

82 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

Golf Promenade 5B, Damac Hills: prices, sales and rents →

Other units on the 5th floor

All 82 units in Golf Promenade 5B


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
B508	1-bed	833 sqft	AED 959KAED 959,000 · Jan 2023January 2023	58,500 /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

1–7 of 12

B509, Golf Promenade 5B in numbers

Sold once: by DAMAC on 20 January 2023 for AED 926,000, or AED 1,151 per sqft.
Rented since August 2017 on 7 Ejari contracts. The rent fell from AED 72,500 to AED 51,000 in 2021 and recovered to AED 56,228 by September 2023.
At AED 56,228 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 12,100 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 1 September 2023.

Questions about B509, Golf Promenade 5B

What did unit B509 last sell for?

AED 926,000 on 20 January 2023, sold by the developer: AED 1,151 per sqft for 804 sqft. It is the only registered sale of the unit.

What is the rent for unit B509?

AED 56,228 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 53,550; the unit has been rented since August 2017.

How big is unit B509?

804 sqft (74.7 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2019.

What is unit B509 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 B509, Golf Promenade 5B

Starts from the last sale price (AED 926K, 20 January 2023). Switch to today's estimate once you have unlocked it.

Price: AED 926,000
Deposit, UAE resident (20%): AED 185,200
Deposit, non-resident (40%): AED 370,400
Monthly over 25 years at 3.7%: AED 3,789

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →