1-bed · 803 sqftGolf Promenade 2A, Damac Hills · 5th floor · completed 2019

503, Golf Promenade 2A

Sold prices and rental history: sold 3 times, last in May 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 17 May 2024
Last soldAED 950K17 May 2024
Current rentAED 63K /yr15 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Golf Promenade 2A

What is 503 worth today?

Last sold for AED 950,000 in 2024

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17 May 2024SoldReady
AED 950,000AED 1,182 per sqft
15 Jul 2023RentedRenewal
AED 63,000/yr12 months · AED 79 per sqft
31 Oct 2022SoldReady
AED 678,000AED 843 per sqft
15 Jul 2022RentedNew contract
AED 60,000/yr12 months · AED 74 per sqft
7 Apr 2022Sold by developerReady
AED 828,100AED 1,030 per sqft

Source: Dubai Land Department. Updated 17 May 2024.

Key facts

Type
1-bed apartment
Size
803 sqft
Floor
5th of 12
Parking
G-04
Developer
DAMAC
Completed
2019
Service charge
AED 10,000 /yr
Last sold
AED 950K · May 2024

About 503, Golf Promenade 2A

503 is a one-bedroom apartment of 803 sqft on the 5th floor of Golf Promenade 2A, a 12-storey tower in Damac Hills completed in 2019 by DAMAC. It last sold on 17 May 2024 for AED 950,000, or AED 1,182 per sqft, 6% below the AED 1,253 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 15 July 2023, is AED 63,000 a year: a gross yield of 6.6% on the 2024 price, before the service charge of about AED 10,000 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical one-bed in Golf Promenade 2A
1M20142017202020232026Typical sale price by year: 2014 AED 1,372,750; 2015 AED 1,256,850; 2016 AED 1,233,608; 2018 AED 1,123,260; 2019 AED 1,144,000; 2020 AED 812,000; 2021 AED 923,000; 2022 AED 858,000; 2024 AED 1,285,700; 2025 AED 965,000Sold by developer, April 2022: AED 828,100 (AED 1,030 per sqft)Sold, October 2022: AED 678,000 (AED 843 per sqft)Sold, May 2024: AED 950,000 (AED 1,182 per sqft)

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

Rents
Unit 503, each contractTypical one-bed in Golf Promenade 2A
60K202120232025Typical rent by year: 2021 AED 51,000; 2022 AED 58,000; 2023 AED 65,000; 2024 AED 71,500; 2025 AED 75,000New contract, July 2022: AED 60,000 a yearRenewal, July 2023: AED 63,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Golf Promenade 2A, and where 503 sits

All 50 1-beds →

503 last sold in May 2024 at AED 1,182 per sqft, 6% below what one-beds in Golf Promenade 2A were fetching at the time (AED 1,253). 503's AED 63,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Jun 20251,000,000
8 May 2025990,000
18 Feb 2025940,000
23 Jan 2025870,000
0 1-bed sales in the last 12 months

Golf Promenade 2A

Building

124 apartments, studios to 3-bed over 12 floors in Damac Hills, completed in 2019 by DAMAC. 3 sold in the last 12 months.

Typical price per sqft
AED 1,065
Typical sale
AED 600K
Typical rent
AED 75K /yr
Typical yield
9.1%
Golf Promenade 2A, Damac Hills: prices, sales and rents →

Other units on the 5th floor

All 124 units in Golf Promenade 2A
Value
5012-bedAED 2.09M · Aug 2015
502StudioAED 363K · Oct 2021
504AED 580K · Oct 2025
505StudioAED 500K · Nov 2023
506StudioAED 823K · Oct 2015
5071-bedAED 875K · Apr 2022
5081-bedAED 1.17M · Sep 2018
1–7 of 14

503, Golf Promenade 2A in numbers

  • Sold 3 times: first on 7 April 2022 for AED 828,100, last on 17 May 2024 for AED 950,000 (AED 1,182 per sqft).
  • Rented since July 2022 on 2 Ejari contracts, from AED 60,000 to AED 63,000 a year.
  • At AED 63,000 a year the gross yield on the 2024 price is 6.6%, before a service charge of about AED 10,000 a year (AED 12.48 per sqft).

Source: Dubai Land Department. Updated 17 May 2024.

Questions about 503, Golf Promenade 2A

What did unit 503 last sell for?

AED 950,000 on 17 May 2024: AED 1,182 per sqft for 803 sqft. The unit has 3 registered sales; the first was AED 828,100 in April 2022.

What is the rent for unit 503?

AED 63,000 a year on the contract renewed on 15 July 2023. The previous contract, from July 2022, was AED 60,000.

How big is unit 503?

803 sqft (74.6 sqm): a one-bedroom apartment on the 5th floor of a 12-storey tower completed in 2019.

What is unit 503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 503, Golf Promenade 2A

Starts from the last sale price (AED 950K, 17 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

Plus AED 44,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →