5505, Damac Heights
Sold prices and rental history: sold twice, 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.
Property timeline for 5505, Damac Heights
What is 5505 worth today?
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Source: Dubai Land Department. Updated 7 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 982 sqft
- Floor
- 55th of 84
- Parking
- P3-36
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 15,900 /yr
- Last sold
- AED 2.1M · October 2024
- Building
- Damac Heights
About 5505, Damac Heights
5505 is a one-bedroom apartment of 982 sqft on the 55th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. It last sold on 7 October 2024 for AED 2,100,000, or AED 2,138 per sqft, 8% above the AED 1,973 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 10 December 2023, is AED 86,494 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 15,900 a year.
Sales and rents for 5505 over time
5505 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Damac Heights, and where 5505 sits
All 285 1-beds →5505 last sold in October 2024 at AED 2,138 per sqft, 8% above what one-beds in Damac Heights were fetching at the time (AED 1,973). Over the last 12 months one-beds sold for AED 1,132,000 to 2,373,731, around AED 2,079 per sqft, and rent for AED 63,966 to 168,000 a year. 5505's AED 86,494 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Aug 202627 August 2026 | 880 sqft | 2,005,000 | 2,277 | ||
| 22 May 202622 May 2026 | 890 sqft | 1,850,000 | 2,079 | ||
| 1 May 20261 May 2026 | 848 sqft | 1,515,000 | 1,787 | ||
| 22 Apr 202622 April 2026 | 951 sqft | 2,275,000 | 2,392 |
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 | |||||
|---|---|---|---|---|---|
| 5501 | 3-bed | 1,824 sqft | AED 5.92MAED 5,923,250 · May 2014May 2014 | 215,000 /yr | |
| 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 | |
| 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 |
5505, Damac Heights in numbers
- Sold twice: first on 28 May 2014 for AED 3,106,500, last on 7 October 2024 for AED 2,100,000 (AED 2,138 per sqft).
- Rented since September 2018 on 6 Ejari contracts, from AED 110,000 to AED 86,494 a year.
- At AED 86,494 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 15,900 a year (AED 16.18 per sqft).
- One-beds in Damac Heights sold for AED 1,132,000–2,373,731 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 7 October 2024.
Questions about 5505, Damac Heights
What did unit 5505 last sell for?
AED 2,100,000 on 7 October 2024: AED 2,138 per sqft for 982 sqft. The unit has 2 registered sales; the first was AED 3,106,500 in May 2014.
What is the rent for unit 5505?
AED 86,494 a year on the contract renewed on 10 December 2023. The previous contract, from December 2022, was AED 86,500; the unit has been rented since September 2018.
How big is unit 5505?
982 sqft (91.2 sqm): a one-bedroom apartment on the 55th floor of a 84-storey tower completed in 2018.
What is unit 5505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Damac Heights sold for AED 1,132,000 to 2,373,731 in the last 12 months, around AED 2,079 per sqft.
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Mortgage on 5505, Damac Heights
Starts from the last sale price (AED 2.1M, 7 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,100,000
- Deposit, UAE resident (20%)
- AED 420,000
- Deposit, non-resident (40%)
- AED 840,000
- Monthly over 25 years at 3.7%
- AED 8,592
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →