Studio · 329 sqftGolf Promenade 2B, Damac Hills · 5th floor · completed 2019

502, Golf Promenade 2B

Sold prices and rental history: sold twice, last in June 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 16 October 2025
Last soldAED 500K3 June 2025
Current rentAED 43K /yr16 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Golf Promenade 2B

What is 502 worth today?

Last sold for AED 500,000 in 2025

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16 Oct 2025RentedRenewal
AED 42,500/yr12 months · AED 129 per sqft
4 Jun 2025RentedNew contract
AED 37,337/yr4 months · AED 114 per sqft
3 Jun 2025SoldReady
AED 500,000AED 1,520 per sqft
17 Nov 2022RentedNew contract
AED 32,000/yr12 months · AED 97 per sqft
15 Dec 2021RentedNew contract
AED 30,000/yr12 months · AED 91 per sqft
4 Jun 2015Sold by developerOff-plan
AED 530,100AED 1,611 per sqft

Source: Dubai Land Department. Updated 16 October 2025.

Key facts

Type
Studio apartment
Size
329 sqft
Floor
5th of 12
Parking
P1-53
Developer
DAMAC
Completed
2019
Service charge
AED 4,100 /yr
Last sold
AED 500K · June 2025

About 502, Golf Promenade 2B

502 is a studio of 329 sqft on the 5th floor of Golf Promenade 2B, a 12-storey tower in Damac Hills completed in 2019 by DAMAC. It last sold on 3 June 2025 for AED 500,000, or AED 1,520 per sqft, 23% above the AED 1,239 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 16 October 2025, is AED 42,500 a year: a gross yield of 8.5% on the 2025 price, before the service charge of about AED 4,100 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical studio in Golf Promenade 2B
600K2015201820212024Typical sale price by year: 2015 AED 750,500; 2016 AED 735,300; 2023 AED 640,920; 2024 AED 600,000; 2025 AED 571,000Sold by developer, June 2015: AED 530,100 (AED 1,611 per sqft)Sold, June 2025: AED 500,000 (AED 1,520 per sqft)

502 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 502, each contractTypical studio in Golf Promenade 2B
30K40K50K2021202320252027Typical rent by year: 2021 AED 30,000; 2022 AED 31,025; 2023 AED 35,000; 2024 AED 40,000; 2025 AED 44,000; 2026 AED 48,000New contract, December 2021: AED 30,000 a yearNew contract, November 2022: AED 32,000 a yearNew contract, June 2025: AED 37,337 a yearRenewal, October 2025: AED 42,500 a year

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

Studios in Golf Promenade 2B, and where 502 sits

All 40 studios →

502 last sold in June 2025 at AED 1,520 per sqft, 23% above what studios in Golf Promenade 2B were fetching at the time (AED 1,239). Over the last 12 months studios sold for AED 520,000, around AED 1,624 per sqft, and rent for AED 44,100 to 60,000 a year. 502's AED 42,500 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Jan 2026520,000
4 Jun 2025600,000
3 Jun 2025542,000
14 May 2025630,000
1 studio sale in the last 12 months

Golf Promenade 2B

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 1,404
Typical sale
AED 1.1M
Typical rent
AED 60K /yr
Typical yield
7.4%
Golf Promenade 2B, Damac Hills: prices, sales and rents →

Other units on the 5th floor

All 124 units in Golf Promenade 2B
Value
5012-bedAED 1.45M · Mar 2023
5031-bedAED 875K · Jul 2024
504StudioAED 185K · May 2022
505StudioAED 600K · Jun 2025
506StudioAED 641K · Jul 2023
5071-bedAED 1.1M · Jan 2026
5081-bedAED 1.3M · Jan 2016
1–7 of 14

502, Golf Promenade 2B in numbers

  • Sold twice: first on 4 June 2015 for AED 530,100, last on 3 June 2025 for AED 500,000 (AED 1,520 per sqft).
  • Rented since December 2021 on 4 Ejari contracts, from AED 30,000 to AED 42,500 a year.
  • At AED 42,500 a year the gross yield on the 2025 price is 8.5%, before a service charge of about AED 4,100 a year (AED 12.48 per sqft).
  • Studios in Golf Promenade 2B sold for AED 520,000–520,000 in the 12 months to November 2026; the building's median across all types is AED 1,404 per sqft.

Source: Dubai Land Department. Updated 16 October 2025.

Questions about 502, Golf Promenade 2B

What did unit 502 last sell for?

AED 500,000 on 3 June 2025: AED 1,520 per sqft for 329 sqft. The unit has 2 registered sales; the first was AED 530,100 in June 2015.

What is the rent for unit 502?

AED 42,500 a year on the contract renewed on 16 October 2025. The previous contract, from June 2025, was AED 37,337; the unit has been rented since December 2021.

How big is unit 502?

329 sqft (30.6 sqm): a studio on the 5th floor of a 12-storey tower completed in 2019.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Golf Promenade 2B sold for AED 520,000 to 520,000 in the last 12 months, around AED 1,624 per sqft.

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Mortgage on 502, Golf Promenade 2B

Starts from the last sale price (AED 500K, 3 June 2025). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →