2-bed · 1,396 sqftDamac Heights, Dubai Marina · 50th floor · completed 2018

5009, Damac Heights

Sold prices and rental history: sold 3 times, last in October 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5009 · DLD and Ejari recordsUpdated 22 October 2024
Last soldAED 3.9M22 October 2024
Current rentAED 170K /yr8 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5009, Damac Heights

What is 5009 worth today?

Last sold for AED 3,900,000 in 2024

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22 Oct 2024SoldReady
AED 3,900,000AED 2,794 per sqft
2 Aug 2023SoldReady
AED 2,600,000AED 1,862 per sqft
8 Oct 2022RentedNew contract
AED 170,000/yr12 months · AED 122 per sqft
5 Apr 2021RentedNew contract
AED 125,000/yr12 months · AED 89 per sqft
4 Apr 2020RentedNew contract
AED 130,000/yr12 months · AED 93 per sqft
8 Aug 2019RentedRenewal
AED 140,000/yr3 months · AED 100 per sqft
8 Aug 2018RentedNew contract
AED 150,000/yr12 months · AED 107 per sqft
3 Dec 2014Sold by developerOff-plan
AED 4,015,000AED 2,876 per sqft

Source: Dubai Land Department. Updated 22 October 2024.

Key facts

Type
2-bed apartment
Size
1,396 sqft
Floor
50th of 84
Parking
P4-51
Developer
DAMAC
Completed
2018
Service charge
AED 22,600 /yr
Last sold
AED 3.9M · October 2024

About 5009, Damac Heights

5009 is a two-bedroom apartment of 1,396 sqft on the 50th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. It last sold on 22 October 2024 for AED 3,900,000, or AED 2,794 per sqft, 53% above the AED 1,830 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 8 October 2022, is AED 170,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 22,600 a year.

Sales and rents for 5009 over time

Sales
Unit 5009, each saleTypical two-bed in Damac Heights
2M3M4M2009201420192024Typical 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, December 2014: AED 4,015,000 (AED 2,876 per sqft)Sold, August 2023: AED 2,600,000 (AED 1,862 per sqft)Sold, October 2024: AED 3,900,000 (AED 2,794 per sqft)

5009 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5009, 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, August 2018: AED 150,000 a yearRenewal, August 2019: AED 140,000 a yearNew contract, April 2020: AED 130,000 a yearNew contract, April 2021: AED 125,000 a yearNew contract, October 2022: AED 170,000 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 5009 sits

All 255 2-beds →

5009 last sold in October 2024 at AED 2,794 per sqft, 53% above what two-beds in Damac Heights were fetching at the time (AED 1,830). 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. 5009's AED 170,000 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
50032-bedAED 4.2M · Jun 2015
50043-bedAED 5.34M · Sep 2015
50051-bedAED 2.06M · Mar 2017
50063-bedAED 4.3M · Feb 2025
50071-bedAED 2.27M · Sep 2015
1–7 of 8

5009, Damac Heights in numbers

  • Sold 3 times: first on 3 December 2014 for AED 4,015,000, last on 22 October 2024 for AED 3,900,000 (AED 2,794 per sqft).
  • Rented since August 2018 on 5 Ejari contracts. The rent fell from AED 150,000 to AED 125,000 in 2021 and recovered to AED 170,000 by October 2022.
  • At AED 170,000 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 22,600 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 22 October 2024.

Questions about 5009, Damac Heights

What did unit 5009 last sell for?

AED 3,900,000 on 22 October 2024: AED 2,794 per sqft for 1,396 sqft. The unit has 3 registered sales; the first was AED 4,015,000 in December 2014.

What is the rent for unit 5009?

AED 170,000 a year on the contract signed on 8 October 2022. The previous contract, from April 2021, was AED 125,000; the unit has been rented since August 2018.

How big is unit 5009?

1,396 sqft (129.7 sqm): a two-bedroom apartment on the 50th floor of a 84-storey tower completed in 2018.

What is unit 5009 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 5009, Damac Heights

Starts from the last sale price (AED 3.9M, 22 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,900,000
Deposit, UAE resident (20%)
AED 780,000
Deposit, non-resident (40%)
AED 1,560,000
Monthly over 25 years at 3.7%
AED 15,956

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