1-bed · 777 sqftGolf Terrace B, Damac Hills · 5th floor · completed 2016

B503, Golf Terrace B

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B503 · DLD and Ejari recordsUpdated 6 December 2024
Last soldAED 1.15M6 December 2024
Current rentAED 65K /yr13 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B503, Golf Terrace B

What is B503 worth today?

Last sold for AED 1,150,000 in 2024

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6 Dec 2024SoldReady
AED 1,150,000AED 1,479 per sqft
13 Jun 2024RentedRenewal
AED 65,000/yr12 months · AED 84 per sqft
13 Jun 2023RentedRenewal
AED 65,000/yr12 months · AED 84 per sqft
13 Jun 2022RentedRenewal
AED 61,000/yr12 months · AED 79 per sqft
13 Jun 2021RentedRenewal
AED 61,000/yr12 months · AED 79 per sqft
13 Jun 2020RentedNew contract
AED 66,000/yr12 months · AED 85 per sqft
23 Apr 2014Sold by developerOff-plan
AED 1,764,000AED 2,270 per sqft

Source: Dubai Land Department. Updated 6 December 2024.

Key facts

Type
1-bed hotel apartment
Size
777 sqft
Floor
5th of 8
Parking
P1-114
Developer
DAMAC
Completed
2016
Service charge
AED 10,600 /yr
Last sold
AED 1.15M · December 2024

About B503, Golf Terrace B

B503 is a one-bedroom hotel apartment of 777 sqft on the 5th floor of Golf Terrace B, a 8-storey tower in Damac Hills completed in 2016 by DAMAC. It last sold on 6 December 2024 for AED 1,150,000, or AED 1,479 per sqft, 26% above the AED 1,178 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 13 June 2024, is AED 65,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 10,600 a year.

Sales and rents for B503 over time

Sales
Unit B503, each saleTypical one-bed in Golf Terrace B
1M1.5M2014201720202023Typical sale price by year: 2014 AED 1,470,600; 2018 AED 1,307,000; 2022 AED 1,055,000; 2024 AED 1,075,000Sold by developer, April 2014: AED 1,764,000 (AED 2,270 per sqft)Sold, December 2024: AED 1,150,000 (AED 1,479 per sqft)

B503 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit B503, each contractTypical one-bed in Golf Terrace B
60K80K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 62,500; 2020 AED 52,000; 2021 AED 55,000; 2022 AED 58,000; 2023 AED 63,000; 2024 AED 71,615; 2025 AED 80,000; 2026 AED 75,000New contract, June 2020: AED 66,000 a yearRenewal, June 2021: AED 61,000 a yearRenewal, June 2022: AED 61,000 a yearRenewal, June 2023: AED 65,000 a yearRenewal, June 2024: AED 65,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Golf Terrace B, and where B503 sits

All 28 1-beds →

B503 last sold in December 2024 at AED 1,479 per sqft, 26% above what one-beds in Golf Terrace B were fetching at the time (AED 1,178). Over the last 12 months one-beds sold for AED 1,100,000 to 1,250,000, around AED 1,364 per sqft, and rent for AED 32,400 to 95,000 a year. B503's AED 65,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Sep 20261,100,000
25 Aug 20261,250,000
2 Jun 20251,100,000
25 Dec 20241,257,000
2 1-bed sales in the last 12 months

Golf Terrace B

Building

75 apartments, studios to 3-bed over 8 floors in Damac Hills, completed in 2016 by DAMAC. 6 sold in the last 12 months.

Typical price per sqft
AED 1,305
Typical sale
AED 1.18M
Typical rent
AED 75K /yr
Typical yield
7.0%
Golf Terrace B, Damac Hills: prices, sales and rents →

Other units on the 5th floor

All 75 units in Golf Terrace B
Value
B5013-bedAED 3.2M · Oct 2017
B5023-bedAED 1.95M · Oct 2023
B504StudioAED 1M · Mar 2014
B505StudioAED 460K · Feb 2023
B506StudioAED 650K · Aug 2026
B5071-bedAED 1.53M · Feb 2015
B5081-bedAED 1.1M · Nov 2019
1–7 of 10

B503, Golf Terrace B in numbers

  • Sold twice: first on 23 April 2014 for AED 1,764,000, last on 6 December 2024 for AED 1,150,000 (AED 1,479 per sqft).
  • Rented since June 2020 on 5 Ejari contracts, from AED 66,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 10,600 a year (AED 13.65 per sqft).
  • One-beds in Golf Terrace B sold for AED 1,100,000–1,250,000 in the 12 months to November 2026; the building's median across all types is AED 1,305 per sqft.

Source: Dubai Land Department. Updated 6 December 2024.

Questions about B503, Golf Terrace B

What did unit B503 last sell for?

AED 1,150,000 on 6 December 2024: AED 1,479 per sqft for 777 sqft. The unit has 2 registered sales; the first was AED 1,764,000 in April 2014.

What is the rent for unit B503?

AED 65,000 a year on the contract renewed on 13 June 2024. The previous contract, from June 2023, was AED 65,000; the unit has been rented since June 2020.

How big is unit B503?

777 sqft (72.2 sqm): a one-bedroom hotel apartment on the 5th floor of a 8-storey tower completed in 2016.

What is unit B503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Golf Terrace B sold for AED 1,100,000 to 1,250,000 in the last 12 months, around AED 1,364 per sqft.

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Mortgage on B503, Golf Terrace B

Starts from the last sale price (AED 1.15M, 6 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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