5508, Damac Heights
Sold prices and rental history: sold twice, last in March 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5508, Damac Heights
What is 5508 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 29 March 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 957 sqft
- Floor
- 55th of 84
- Parking
- P3-14
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 15,500 /yr
- Last sold
- AED 1.86M · March 2024
- Building
- Damac Heights
About 5508, Damac Heights
5508 is a one-bedroom apartment of 957 sqft on the 55th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. It last sold on 29 March 2024 for AED 1,855,000, or AED 1,938 per sqft, 4% above the AED 1,868 one-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 27 June 2022, is AED 96,000 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 15,500 a year.
Sales and rents for 5508 over time
5508 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 5508 sits
All 285 1-beds →5508 last sold in March 2024 at AED 1,938 per sqft, 4% above what one-beds in Damac Heights were fetching at the time (AED 1,868). 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. 5508's AED 96,000 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 | |
| 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 | |
| 5509 | 2-bed | 1,361 sqft | AED 3.13MAED 3,130,000 · Dec 2017December 2017 | 180,000 /yr |
5508, Damac Heights in numbers
- Sold twice: first on 11 August 2014 for AED 2,405,157, last on 29 March 2024 for AED 1,855,000 (AED 1,938 per sqft).
- Rented since December 2019 on 3 Ejari contracts. The rent fell from AED 88,000 to AED 70,400 in 2021 and recovered to AED 96,000 by June 2022.
- At AED 96,000 a year the gross yield on the 2024 price is 5.2%, before a service charge of about AED 15,500 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 29 March 2024.
Questions about 5508, Damac Heights
What did unit 5508 last sell for?
AED 1,855,000 on 29 March 2024: AED 1,938 per sqft for 957 sqft. The unit has 2 registered sales; the first was AED 2,405,157 in August 2014.
What is the rent for unit 5508?
AED 96,000 a year on the contract signed on 27 June 2022. The previous contract, from May 2021, was AED 70,400; the unit has been rented since December 2019.
How big is unit 5508?
957 sqft (88.9 sqm): a one-bedroom apartment on the 55th floor of a 84-storey tower completed in 2018.
What is unit 5508 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.
Selling 5508? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 5508, Damac Heights
Starts from the last sale price (AED 1.86M, 29 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,855,000
- Deposit, UAE resident (20%)
- AED 371,000
- Deposit, non-resident (40%)
- AED 742,000
- Monthly over 25 years at 3.7%
- AED 7,589
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →