G+P 07, 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 G+P 07, Golf Promenade 5B
What is G+P 07 worth today?
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Source: Dubai Land Department. Updated 1 December 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,619 sqft
- Floor
- Ground of 9
- Parking
- LP1-29, LP1-32
- Developer
- DAMAC
- Completed
- 2019
- Service charge
- AED 39,300 /yr
- Last sold
- AED 3.02M · January 2023
- Building
- Golf Promenade 5B
About G+P 07, Golf Promenade 5B
G+P 07 is a three-bedroom apartment of 2,619 sqft on the ground 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 3,015,000, or AED 1,151 per sqft, in line with the AED 1,151 three-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 December 2023, is AED 148,000 a year: a gross yield of 4.9% on the 2023 price, before the service charge of about AED 39,300 a year.
Sales and rents for G+P 07 over time
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Golf Promenade 5B, and where G+P 07 sits
All 10 3-beds →G+P 07 last sold in January 2023 at AED 1,151 per sqft, in line with what three-beds in Golf Promenade 5B were fetching at the time (AED 1,151).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jan 202324 January 2023 | 2,339 sqft | 2,693,000 | 1,151 | ||
| 24 Jan 202324 January 2023 | 3,297 sqft | 3,797,000 | 1,151 | ||
| 20 Jan 202320 January 2023 | 2,113 sqft | 2,433,000 | 1,151 | ||
| 20 Jan 202320 January 2023 | 2,848 sqft | 3,280,000 | 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 ground floor
All 82 units in Golf Promenade 5BG+P 07, Golf Promenade 5B in numbers
- Sold once: by DAMAC on 24 January 2023 for AED 3,015,000, or AED 1,151 per sqft.
- Rented since September 2017 on 7 Ejari contracts. The rent fell from AED 175,000 to AED 127,000 in 2021 and recovered to AED 148,000 by December 2023.
- At AED 148,000 a year the gross yield on the 2023 price is 4.9%, before a service charge of about AED 39,300 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 1 December 2023.
Questions about G+P 07, Golf Promenade 5B
What did unit G+P 07 last sell for?
AED 3,015,000 on 24 January 2023, sold by the developer: AED 1,151 per sqft for 2,619 sqft. It is the only registered sale of the unit.
What is the rent for unit G+P 07?
AED 148,000 a year on the contract renewed on 1 December 2023. The previous contract, from December 2022, was AED 130,000; the unit has been rented since September 2017.
How big is unit G+P 07?
2,619 sqft (243.3 sqm): a three-bedroom apartment on the ground floor of a 9-storey tower completed in 2019.
What is unit G+P 07 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 G+P 07, Golf Promenade 5B
Starts from the last sale price (AED 3.02M, 24 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,015,000
- Deposit, UAE resident (20%)
- AED 603,000
- Deposit, non-resident (40%)
- AED 1,206,000
- Monthly over 25 years at 3.7%
- AED 12,335
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →