5501, Damac Heights
Sold prices and rental history: sold once, by the developer in May 2014, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5501, Damac Heights
What is 5501 worth today?
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Source: Dubai Land Department. Updated 1 August 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,824 sqft
- Floor
- 55th of 84
- Parking
- P3-61 , P3-T2
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 29,500 /yr
- Last sold
- AED 5.92M · May 2014
- Building
- Damac Heights
About 5501, Damac Heights
5501 is a three-bedroom apartment of 1,824 sqft on the 55th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. The developer sold it on 1 May 2014 for AED 5,923,250, or AED 3,248 per sqft, 17% above the AED 2,772 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 10 Ejari contracts. The current contract, signed on 1 August 2025, is AED 215,000 a year: a gross yield of 3.6% on the 2014 price, before the service charge of about AED 29,500 a year.
Sales and rents for 5501 over time
5501 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Damac Heights, and where 5501 sits
All 90 3-beds →5501 last sold in May 2014 at AED 3,248 per sqft, 17% above what three-beds in Damac Heights were fetching at the time (AED 2,772). Over the last 12 months three-beds sold for AED 2,200,000 to 4,501,860, around AED 1,898 per sqft, and rent for AED 117,466 to 516,176 a year. 5501's AED 215,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Oct 20266 October 2026 | 1,159 sqft | 2,200,000 | 1,897 | ||
| 18 Sep 202618 September 2026 | 1,657 sqft | 3,750,000 | 2,262 | ||
| 17 Sep 202617 September 2026 | 1,922 sqft | 3,650,000 | 1,898 | ||
| 10 Aug 202610 August 2026 | 1,906 sqft | 4,501,860 | 2,362 |
Damac Heights
Building641 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%
Other units on the 55th floor
All 641 units in Damac Heights| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5502 | 1-bed | 865 sqft | AED 2.1MAED 2,104,800 · May 2014May 2014 | 120,000 /yr | |
| 5503 | 2-bed | 1,670 sqft | AED 3.46MAED 3,464,000 · May 2018May 2018 | 160,000 /yr | |
| 5504 | 3-bed | 1,849 sqft | AED 2.8MAED 2,800,000 · Nov 2022November 2022 | 200,000 /yr | |
| 5505 | 1-bed | 982 sqft | AED 2.1MAED 2,100,000 · Oct 2024October 2024 | 86,494 /yr | |
| 5506 | 3-bed | 2,155 sqft | AED 4.3MAED 4,300,000 · Dec 2024December 2024 | 245,000 /yr | |
| 5507 | 1-bed | 955 sqft | AED 2.09MAED 2,085,300 · Dec 2016December 2016 | 105,000 /yr | |
| 5508 | 1-bed | 957 sqft | AED 1.86MAED 1,855,000 · Mar 2024March 2024 | 96,000 /yr | |
| 5509 | 2-bed | 1,361 sqft | AED 3.13MAED 3,130,000 · Dec 2017December 2017 | 180,000 /yr |
5501, Damac Heights in numbers
- Sold once: by DAMAC on 1 May 2014 for AED 5,923,250, or AED 3,248 per sqft.
- Rented since November 2019 on 10 Ejari contracts. The rent fell from AED 170,000 to AED 150,000 in 2023 and recovered to AED 215,000 by August 2025.
- At AED 215,000 a year the gross yield on the 2014 price is 3.6%, before a service charge of about AED 29,500 a year (AED 16.18 per sqft).
- Three-beds in Damac Heights sold for AED 2,200,000–4,501,860 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 1 August 2025.
Questions about 5501, Damac Heights
What did unit 5501 last sell for?
AED 5,923,250 on 1 May 2014, sold by the developer: AED 3,248 per sqft for 1,824 sqft. It is the only registered sale of the unit.
What is the rent for unit 5501?
AED 215,000 a year on the contract signed on 1 August 2025. The previous contract, from August 2025, was AED 215,000; the unit has been rented since November 2019.
How big is unit 5501?
1,824 sqft (169.5 sqm): a three-bedroom apartment on the 55th floor of a 84-storey tower completed in 2018.
What is unit 5501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Damac Heights sold for AED 2,200,000 to 4,501,860 in the last 12 months, around AED 1,898 per sqft.
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Mortgage on 5501, Damac Heights
Starts from the last sale price (AED 5.92M, 1 May 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 5,923,250
- Deposit, UAE resident (20%)
- AED 1,184,650
- Deposit, non-resident (40%)
- AED 2,369,300
- Monthly over 25 years at 3.7%
- AED 24,234
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →