1-bed · 991 sqftGolf Promenade 2A, Damac Hills · 7th floor · completed 2019

708, Golf Promenade 2A

Sold prices and rental history: sold once, by the developer in November 2015, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 1.48M19 November 2015
Current rentAED 75K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 708, Golf Promenade 2A

What is 708 worth today?

Last sold for AED 1,479,680 in 2015

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1 Dec 2024RentedRenewal
AED 75,000/yr12 months · AED 76 per sqft
24 Oct 2022RentedNew contract
AED 60,000/yr12 months · AED 61 per sqft
19 Nov 2015Sold by developerOff-plan
AED 1,479,680AED 1,493 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
1-bed hotel apartment
Size
991 sqft
Floor
7th of 12
Parking
G-54
Developer
DAMAC
Completed
2019
Service charge
AED 12,400 /yr
Last sold
AED 1.48M · November 2015

About 708, Golf Promenade 2A

708 is a one-bedroom hotel apartment of 991 sqft on the 7th floor of Golf Promenade 2A, a 12-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 19 November 2015 for AED 1,479,680, or AED 1,493 per sqft, 3% below the AED 1,540 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 1 December 2024, is AED 75,000 a year: a gross yield of 5.1% on the 2015 price, before the service charge of about AED 12,400 a year.

Sales and rents for 708 over time

Sales
Unit 708, each saleTypical one-bed in Golf Promenade 2A
1M1.5M20142017202020232026Typical 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, November 2015: AED 1,479,680 (AED 1,493 per sqft)

708 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 708, 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, October 2022: AED 60,000 a yearRenewal, December 2024: AED 75,000 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 708 sits

All 50 1-beds →

708 last sold in November 2015 at AED 1,493 per sqft, 3% below what one-beds in Golf Promenade 2A were fetching at the time (AED 1,540). 708's AED 75,000 is in the lower half 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 7th floor

All 124 units in Golf Promenade 2A
Value
701StudioAED 513K · Aug 2015
702StudioAED 490K · Feb 2024
703StudioAED 829K · May 2014
704StudioAED 620K · Jul 2025
7051-bedAED 1.26M · Oct 2015
7061-bedAED 870K · Jan 2025
7071-bedAED 1.41M · Jun 2014
1–7 of 14

708, Golf Promenade 2A in numbers

  • Sold once: by DAMAC on 19 November 2015 for AED 1,479,680, or AED 1,493 per sqft.
  • Rented since October 2022 on 2 Ejari contracts, from AED 60,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2015 price is 5.1%, before a service charge of about AED 12,400 a year (AED 12.48 per sqft).

Source: Dubai Land Department. Updated 1 December 2024.

Questions about 708, Golf Promenade 2A

What did unit 708 last sell for?

AED 1,479,680 on 19 November 2015, sold by the developer: AED 1,493 per sqft for 991 sqft. It is the only registered sale of the unit.

What is the rent for unit 708?

AED 75,000 a year on the contract renewed on 1 December 2024. The previous contract, from October 2022, was AED 60,000.

How big is unit 708?

991 sqft (92.1 sqm): a one-bedroom hotel apartment on the 7th floor of a 12-storey tower completed in 2019.

What is unit 708 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 708, Golf Promenade 2A

Starts from the last sale price (AED 1.48M, 19 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,479,680
Deposit, UAE resident (20%)
AED 295,936
Deposit, non-resident (40%)
AED 591,872
Monthly over 25 years at 3.7%
AED 6,054

Plus AED 67,156 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →