B601, Golf Promenade 5B
Sold prices and rental history: sold once, by the developer in February 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 B601, Golf Promenade 5B
What is B601 worth today?
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Source: Dubai Land Department. Updated 5 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,619 sqft
- Floor
- 6th of 9
- Parking
- UP1-25
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 24,300 /yr
- Last sold
- AED 1.87M · February 2023
- Building
- Golf Promenade 5B
About B601, Golf Promenade 5B
B601 is a two-bedroom apartment of 1,619 sqft on the 6th floor of Golf Promenade 5B, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 1 February 2023 for AED 1,865,000, 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, renewed on 5 September 2024, is AED 95,000 a year: a gross yield of 5.1% on the 2023 price, before the service charge of about AED 24,300 a year.
Sales and rents for B601 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 B601 sits
All 11 2-beds →B601 last sold in February 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 | 1,821 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 | ||
| 24 Jan 202324 January 2023 | 1,852 sqft | 2,133,000 | 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 6th floor
All 82 units in Golf Promenade 5B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B602 | 3-bed | 1,751 sqft | AED 2.02MAED 2,017,000 · Jan 2023January 2023 | 140,000 /yr | |
| B603 | 1-bed | 838 sqft | AED 966KAED 966,000 · Jan 2023January 2023 | 58,000 /yr | |
| B604 | Studio | 494 sqft | AED 571KAED 571,000 · Jan 2023January 2023 | 32,519 /yr | |
| B605 | Studio | 501 sqft | AED 577KAED 577,000 · Jan 2023January 2023 | 37,000 /yr | |
| B606 | Studio | 522 sqft | AED 603KAED 603,000 · Jan 2023January 2023 | 37,000 /yr | |
| B607 | 1-bed | 851 sqft | AED 980KAED 980,000 · Jan 2023January 2023 | 59,100 /yr | |
| B608 | 1-bed | 831 sqft | AED 957KAED 957,000 · Jan 2023January 2023 | 60,000 /yr | |
| B609 | 1-bed | 804 sqft | AED 928KAED 928,000 · Jan 2023January 2023 | 60,000 /yr | |
| B610 | 1-bed | 904 sqft | AED 1.04MAED 1,041,000 · Jan 2023January 2023 | 64,000 /yr | |
| B611 | Studio | 482 sqft | AED 556KAED 556,000 · Jan 2023January 2023 | 39,000 /yr | |
| B612 | 1-bed | 864 sqft | AED 995KAED 995,000 · Jan 2023January 2023 | 72,576 /yr | |
| B613 | 1-bed | 733 sqft | AED 845KAED 845,000 · Jan 2023January 2023 | 66,000 /yr |
B601, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 1 February 2023 for AED 1,865,000, or AED 1,151 per sqft.
- Rented since June 2017 on 8 Ejari contracts, from AED 124,000 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2023 price is 5.1%, before a service charge of about AED 24,300 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 5 September 2024.
Questions about B601, Golf Promenade 5B
What did unit B601 last sell for?
AED 1,865,000 on 1 February 2023, sold by the developer: AED 1,151 per sqft for 1,619 sqft. It is the only registered sale of the unit.
What is the rent for unit B601?
AED 95,000 a year on the contract renewed on 5 September 2024. The previous contract, from September 2023, was AED 90,000; the unit has been rented since June 2017.
How big is unit B601?
1,619 sqft (150.4 sqm): a two-bedroom apartment on the 6th floor of a 9-storey tower completed in 2019.
What is unit B601 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 B601, Golf Promenade 5B
Starts from the last sale price (AED 1.87M, 1 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,865,000
- Deposit, UAE resident (20%)
- AED 373,000
- Deposit, non-resident (40%)
- AED 746,000
- Monthly over 25 years at 3.7%
- AED 7,630
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →