B605, 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 B605, Golf Promenade 5B
What is B605 worth today?
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Source: Dubai Land Department. Updated 22 March 2024.
Key facts
- Type
- Studio apartment
- Size
- 501 sqft
- Floor
- 6th of 9
- Parking
- UP1-28
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 7,500 /yr
- Last sold
- AED 577K · January 2023
- Building
- Golf Promenade 5B
About B605, Golf Promenade 5B
B605 is a studio of 501 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 24 January 2023 for AED 577,000, or AED 1,151 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 7 Ejari contracts. The current contract, renewed on 22 March 2024, is AED 37,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 7,500 a year.
Sales and rents for B605 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 B605 sits
All 21 studios →B605 last sold in January 2023 at AED 1,151 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 6th floor
All 82 units in Golf Promenade 5B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B601 | 2-bed | 1,619 sqft | AED 1.87MAED 1,865,000 · Feb 2023February 2023 | 95,000 /yr | |
| 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 | |
| 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 |
B605, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 24 January 2023 for AED 577,000, or AED 1,151 per sqft.
- Rented since June 2017 on 7 Ejari contracts. The rent fell from AED 51,500 to AED 30,500 in 2021 and recovered to AED 37,000 by March 2024.
- At AED 37,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 7,500 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 22 March 2024.
Questions about B605, Golf Promenade 5B
What did unit B605 last sell for?
AED 577,000 on 24 January 2023, sold by the developer: AED 1,151 per sqft for 501 sqft. It is the only registered sale of the unit.
What is the rent for unit B605?
AED 37,000 a year on the contract renewed on 22 March 2024. The previous contract, from March 2023, was AED 34,000; the unit has been rented since June 2017.
How big is unit B605?
501 sqft (46.5 sqm): a studio on the 6th floor of a 9-storey tower completed in 2019.
What is unit B605 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 B605, Golf Promenade 5B
Starts from the last sale price (AED 577K, 24 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 577,000
- Deposit, UAE resident (20%)
- AED 115,400
- Deposit, non-resident (40%)
- AED 230,800
- Monthly over 25 years at 3.7%
- AED 2,361
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →