5506, Damac Heights
Sold prices and rental history: sold 3 times, last in December 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5506, Damac Heights
What is 5506 worth today?
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Source: Dubai Land Department. Updated 11 December 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,155 sqft
- Floor
- 55th of 84
- Parking
- P3-12
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 34,900 /yr
- Last sold
- AED 4.3M · December 2024
- Building
- Damac Heights
About 5506, Damac Heights
5506 is a three-bedroom apartment of 2,155 sqft on the 55th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. It last sold on 11 December 2024 for AED 4,300,000, or AED 1,994 per sqft, in line with the AED 1,957 three-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 15 September 2023, is AED 245,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 34,900 a year.
Sales and rents for 5506 over time
5506 has sold 3 times; 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 5506 sits
All 90 3-beds →5506 last sold in December 2024 at AED 1,994 per sqft, in line with what three-beds in Damac Heights were fetching at the time (AED 1,957). 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. 5506's AED 245,000 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 | |||||
|---|---|---|---|---|---|
| 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 | |
| 5505 | 1-bed | 982 sqft | AED 2.1MAED 2,100,000 · Oct 2024October 2024 | 86,494 /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 |
5506, Damac Heights in numbers
- Sold 3 times: first on 20 June 2018 for AED 4,774,000, last on 11 December 2024 for AED 4,300,000 (AED 1,994 per sqft).
- Rented since September 2021 on 3 Ejari contracts, from AED 240,000 to AED 245,000 a year.
- At AED 245,000 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 34,900 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 11 December 2024.
Questions about 5506, Damac Heights
What did unit 5506 last sell for?
AED 4,300,000 on 11 December 2024: AED 1,994 per sqft for 2,155 sqft. The unit has 3 registered sales; the first was AED 4,774,000 in June 2018.
What is the rent for unit 5506?
AED 245,000 a year on the contract renewed on 15 September 2023. The previous contract, from September 2022, was AED 245,000; the unit has been rented since September 2021.
How big is unit 5506?
2,155 sqft (200.2 sqm): a three-bedroom apartment on the 55th floor of a 84-storey tower completed in 2018.
What is unit 5506 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 5506, Damac Heights
Starts from the last sale price (AED 4.3M, 11 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,300,000
- Deposit, UAE resident (20%)
- AED 860,000
- Deposit, non-resident (40%)
- AED 1,720,000
- Monthly over 25 years at 3.7%
- AED 17,593
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →