2-bed · 921 sqftDamac Heights, Dubai Marina · 50th floor · completed 2018

5003, Damac Heights

Sold prices and rental history: sold once, by the developer in June 2015, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5003 · DLD and Ejari recordsUpdated 10 February 2020
Last soldAED 4.2M22 June 2015
Current rentAED 140K /yr10 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5003, Damac Heights

What is 5003 worth today?

Last sold for AED 4,200,000 in 2015

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10 Feb 2020RentedNew contract
AED 140,000/yr12 months · AED 82 per sqft
15 Dec 2018RentedNew contract
AED 150,000/yr12 months · AED 88 per sqft
22 Jun 2015Sold by developerOff-plan
AED 4,200,000AED 4,560 per sqft

Source: Dubai Land Department. Updated 10 February 2020.

Key facts

Type
2-bed apartment
Size
921 sqft
Floor
50th of 84
Parking
P4-47
Developer
DAMAC
Completed
2018
Service charge
AED 14,900 /yr
Last sold
AED 4.2M · June 2015

About 5003, Damac Heights

5003 is a two-bedroom apartment of 921 sqft on the 50th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. The developer sold it on 22 June 2015 for AED 4,200,000, or AED 4,560 per sqft, 71% above the AED 2,672 two-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 10 February 2020, is AED 140,000 a year: a gross yield of 3.3% on the 2015 price, before the service charge of about AED 14,900 a year.

Sales and rents for 5003 over time

Sales
Unit 5003, each saleTypical two-bed in Damac Heights
2M4M2009201420192024Typical sale price by year: 2009 AED 3,238,250; 2011 AED 1,937,100; 2012 AED 2,335,300; 2013 AED 3,447,450; 2014 AED 3,887,950; 2015 AED 3,500,000; 2016 AED 3,601,014; 2017 AED 2,927,386; 2018 AED 3,231,500; 2019 AED 2,704,000; 2020 AED 2,170,000; 2021 AED 2,249,700; 2022 AED 2,367,602; 2023 AED 2,600,000; 2024 AED 2,825,000; 2025 AED 2,825,000; 2026 AED 2,950,000Sold by developer, June 2015: AED 4,200,000 (AED 4,560 per sqft)

5003 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5003, each contractTypical two-bed in Damac Heights
150K2018202120242027Typical rent by year: 2018 AED 137,000; 2019 AED 132,500; 2020 AED 115,000; 2021 AED 120,000; 2022 AED 140,000; 2023 AED 170,000; 2024 AED 177,989; 2025 AED 178,000; 2026 AED 167,500New contract, December 2018: AED 150,000 a yearNew contract, February 2020: AED 140,000 a year

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

2-beds in Damac Heights, and where 5003 sits

All 255 2-beds →

5003 last sold in June 2015 at AED 4,560 per sqft, 71% above what two-beds in Damac Heights were fetching at the time (AED 2,672). Over the last 12 months two-beds sold for AED 1,437,480 to 3,335,000, around AED 2,012 per sqft, and rent for AED 94,745 to 395,000 a year. 5003's AED 140,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Oct 20262,852,887
30 Jul 20262,700,000
24 Jul 20263,100,000
7 Jul 20263,125,000
16 2-bed sales in the last 12 months

Damac Heights

Building

641 apartments, 1-bed to 5-bed over 84 floors in Dubai Marina, completed in 2018 by DAMAC. 41 sold in the last 12 months.

Typical price per sqft
AED 2,042 Up 2.8%
Typical sale
AED 2.85M
Typical rent
AED 140K /yr
Typical yield
5.8%
Damac Heights, Dubai Marina: prices, sales and rents →

Other units on the 50th floor

All 641 units in Damac Heights
Value
50013-bedAED 5.81M · Apr 2015
50021-bedAED 2.05M · Jan 2025
50043-bedAED 5.34M · Sep 2015
50051-bedAED 2.06M · Mar 2017
50063-bedAED 4.3M · Feb 2025
50071-bedAED 2.27M · Sep 2015
50081-bedAED 2.26M · Mar 2015
1–7 of 8

5003, Damac Heights in numbers

  • Sold once: by DAMAC on 22 June 2015 for AED 4,200,000, or AED 4,560 per sqft.
  • Rented since December 2018 on 2 Ejari contracts, from AED 150,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2015 price is 3.3%, before a service charge of about AED 14,900 a year (AED 16.18 per sqft).
  • Two-beds in Damac Heights sold for AED 1,437,480–3,335,000 in the 12 months to November 2026; the building's median across all types is AED 2,042 per sqft.

Source: Dubai Land Department. Updated 10 February 2020.

Questions about 5003, Damac Heights

What did unit 5003 last sell for?

AED 4,200,000 on 22 June 2015, sold by the developer: AED 4,560 per sqft for 921 sqft. It is the only registered sale of the unit.

What is the rent for unit 5003?

AED 140,000 a year on the contract signed on 10 February 2020. The previous contract, from December 2018, was AED 150,000.

How big is unit 5003?

921 sqft (85.6 sqm): a two-bedroom apartment on the 50th floor of a 84-storey tower completed in 2018.

What is unit 5003 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Damac Heights sold for AED 1,437,480 to 3,335,000 in the last 12 months, around AED 2,012 per sqft.

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Mortgage on 5003, Damac Heights

Starts from the last sale price (AED 4.2M, 22 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 4,200,000
Deposit, UAE resident (20%)
AED 840,000
Deposit, non-resident (40%)
AED 1,680,000
Monthly over 25 years at 3.7%
AED 17,184

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