Studio · 462 sqftGolf Terrace B, Damac Hills · 5th floor · completed 2016

B505, Golf Terrace B

Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B505 · DLD and Ejari recordsUpdated 8 February 2023
Last soldAED 460K8 February 2023
Current rentAED 36K /yr24 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B505, Golf Terrace B

What is B505 worth today?

Last sold for AED 460,000 in 2023

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8 Feb 2023SoldReady
AED 460,000AED 996 per sqft
24 Nov 2022RentedRenewal
AED 36,383/yr12 months · AED 80 per sqft
24 Nov 2021RentedRenewal
AED 34,650/yr12 months · AED 75 per sqft
24 Nov 2020RentedNew contract
AED 33,000/yr12 months · AED 71 per sqft
19 Jul 2019RentedNew contract
AED 40,000/yr12 months · AED 86 per sqft
5 Aug 2018RentedNew contract
AED 45,000/yr12 months · AED 97 per sqft
10 Mar 2014Sold by developerOff-plan
AED 1,118,150AED 2,422 per sqft

Source: Dubai Land Department. Updated 8 February 2023.

Key facts

Type
Studio apartment
Size
462 sqft
Floor
5th of 8
Parking
P1-116
Developer
DAMAC
Completed
2016
Service charge
AED 6,300 /yr
Last sold
AED 460K · February 2023

About B505, Golf Terrace B

B505 is a studio of 462 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 8 February 2023 for AED 460,000, or AED 996 per sqft.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 24 November 2022, is AED 36,383 a year: a gross yield of 7.9% on the 2023 price, before the service charge of about AED 6,300 a year.

Sales and rents for B505 over time

Sales
Unit B505, each saleTypical studio in Golf Terrace B
500K1M2014201720202023Typical sale price by year: 2014 AED 1,044,050; 2016 AED 1,032,238; 2023 AED 500,000; 2024 AED 585,000Sold by developer, March 2014: AED 1,118,150 (AED 2,422 per sqft)Sold, February 2023: AED 460,000 (AED 996 per sqft)

B505 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit B505, each contractTypical studio in Golf Terrace B
30K40K50K2017202020232026Typical rent by year: 2017 AED 48,000; 2018 AED 46,500; 2019 AED 42,000; 2020 AED 33,500; 2021 AED 34,125; 2022 AED 35,500; 2023 AED 40,000; 2024 AED 50,000; 2025 AED 50,000; 2026 AED 54,600New contract, August 2018: AED 45,000 a yearNew contract, July 2019: AED 40,000 a yearNew contract, November 2020: AED 33,000 a yearRenewal, November 2021: AED 34,650 a yearRenewal, November 2022: AED 36,383 a year

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

Studios in Golf Terrace B, and where B505 sits

All 20 studios →

Over the last 12 months studios sold for AED 630,000 to 650,000, around AED 1,367 per sqft, and rent for AED 44,000 to 65,000 a year. B505's AED 36,383 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Aug 2026650,000
16 Mar 2026630,000
8 Aug 2024585,000
31 May 2024830,000
2 studio 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
B5031-bedAED 1.15M · Dec 2024
B504StudioAED 1M · Mar 2014
B506StudioAED 650K · Aug 2026
B5071-bedAED 1.53M · Feb 2015
B5081-bedAED 1.1M · Nov 2019
1–7 of 10

B505, Golf Terrace B in numbers

  • Sold twice: first on 10 March 2014 for AED 1,118,150, last on 8 February 2023 for AED 460,000 (AED 996 per sqft).
  • Rented since August 2018 on 5 Ejari contracts. The rent fell from AED 45,000 to AED 33,000 in 2020 and recovered to AED 36,383 by November 2022.
  • At AED 36,383 a year the gross yield on the 2023 price is 7.9%, before a service charge of about AED 6,300 a year (AED 13.65 per sqft).
  • Studios in Golf Terrace B sold for AED 630,000–650,000 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 8 February 2023.

Questions about B505, Golf Terrace B

What did unit B505 last sell for?

AED 460,000 on 8 February 2023: AED 996 per sqft for 462 sqft. The unit has 2 registered sales; the first was AED 1,118,150 in March 2014.

What is the rent for unit B505?

AED 36,383 a year on the contract renewed on 24 November 2022. The previous contract, from November 2021, was AED 34,650; the unit has been rented since August 2018.

How big is unit B505?

462 sqft (42.9 sqm): a studio on the 5th floor of a 8-storey tower completed in 2016.

What is unit B505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Golf Terrace B sold for AED 630,000 to 650,000 in the last 12 months, around AED 1,367 per sqft.

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Mortgage on B505, Golf Terrace B

Starts from the last sale price (AED 460K, 8 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 460,000
Deposit, UAE resident (20%)
AED 92,000
Deposit, non-resident (40%)
AED 184,000
Monthly over 25 years at 3.7%
AED 1,882

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