B703, 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 B703, Golf Promenade 5B
What is B703 worth today?
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Source: Dubai Land Department. Updated 15 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 485 sqft
- Floor
- 7th of 9
- Parking
- P2-4
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 7,300 /yr
- Last sold
- AED 559K · January 2023
- Building
- Golf Promenade 5B
About B703, Golf Promenade 5B
B703 is a studio of 485 sqft on the 7th 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 559,000, or AED 1,153 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 9 Ejari contracts. The current contract, signed on 15 November 2024, is AED 45,000 a year: a gross yield of 8.1% on the 2023 price, before the service charge of about AED 7,300 a year.
Sales and rents for B703 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 B703 sits
All 21 studios →B703 last sold in January 2023 at AED 1,153 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 7th floor
All 82 units in Golf Promenade 5B| ValueToday's value | |||||
|---|---|---|---|---|---|
| B701 | 2-bed | 1,821 sqft | AED 2.1MAED 2,097,000 · Feb 2023February 2023 | 160,000 /yr | |
| B702 | 3-bed | 2,413 sqft | AED 2.78MAED 2,779,000 · Jan 2023January 2023 | 132,000 /yr | |
| B704 | 2-bed | 1,542 sqft | AED 1.78MAED 1,775,000 · Jan 2023January 2023 | 120,000 /yr | |
| B705 | 1-bed | 848 sqft | AED 977KAED 977,000 · Feb 2023February 2023 | 75,000 /yr | |
| B706 | 1-bed | 833 sqft | AED 959KAED 959,000 · Jan 2023January 2023 | 65,000 /yr | |
| B707 | 1-bed | 806 sqft | AED 930KAED 930,000 · Jan 2023January 2023 | 56,227 /yr | |
| B708 | 1-bed | 904 sqft | AED 1.04MAED 1,042,000 · Jan 2023January 2023 | 78,000 /yr | |
| B709 | Studio | 482 sqft | AED 556KAED 556,000 · Jan 2023January 2023 | 45,000 /yr | |
| B710 | 1-bed | 744 sqft | AED 857KAED 857,000 · Jan 2023January 2023 | 63,000 /yr |
B703, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 24 January 2023 for AED 559,000, or AED 1,153 per sqft.
- Rented since April 2017 on 9 Ejari contracts. The rent fell from AED 49,500 to AED 33,000 in 2021 and recovered to AED 45,000 by November 2024.
- At AED 45,000 a year the gross yield on the 2023 price is 8.1%, before a service charge of about AED 7,300 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 15 November 2024.
Questions about B703, Golf Promenade 5B
What did unit B703 last sell for?
AED 559,000 on 24 January 2023, sold by the developer: AED 1,153 per sqft for 485 sqft. It is the only registered sale of the unit.
What is the rent for unit B703?
AED 45,000 a year on the contract signed on 15 November 2024. The previous contract, from August 2023, was AED 35,000; the unit has been rented since April 2017.
How big is unit B703?
485 sqft (45.1 sqm): a studio on the 7th floor of a 9-storey tower completed in 2019.
What is unit B703 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 B703, Golf Promenade 5B
Starts from the last sale price (AED 559K, 24 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 559,000
- Deposit, UAE resident (20%)
- AED 111,800
- Deposit, non-resident (40%)
- AED 223,600
- Monthly over 25 years at 3.7%
- AED 2,287
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →