Studio · 260 sqftGolf Promenade 2B, Damac Hills · 5th floor · completed 2019

504, Golf Promenade 2B

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

Unit 504 · DLD and Ejari recordsUpdated 3 August 2024
Last soldAED 185K31 May 2022
Current rentAED 43K /yr3 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Golf Promenade 2B

What is 504 worth today?

Last sold for AED 185,000 in 2022

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3 Aug 2024RentedNew contract
AED 43,000/yr12 months · AED 83 per sqft
31 May 2022SoldReady · flagged as an outlier
AED 185,000AED 355 per sqft
25 Aug 2015Sold by developerOff-plan
AED 811,300AED 1,559 per sqft

Source: Dubai Land Department. Updated 3 August 2024.

Key facts

Type
Studio apartment
Size
260 sqft
Floor
5th of 12
Parking
P1-55
Developer
DAMAC
Completed
2019
Service charge
AED 3,200 /yr
Last sold
AED 185K · May 2022

About 504, Golf Promenade 2B

504 is a studio of 260 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 31 May 2022 for AED 185,000, or AED 355 per sqft.

One Ejari contract is registered, from 3 August 2024. The current contract, signed on 3 August 2024, is AED 43,000 a year: a gross yield of 23.2% on the 2022 price, before the service charge of about AED 3,200 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical studio in Golf Promenade 2B
600K800K2015201820212024Typical 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, August 2015: AED 811,300 (AED 1,559 per sqft)

504 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 504, 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, August 2024: AED 43,000 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 504 sits

All 40 studios →

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. 504's AED 43,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Jan 2026520,000
4 Jun 2025600,000
3 Jun 2025500,000
3 Jun 2025542,000
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
502StudioAED 500K · Jun 2025
5031-bedAED 875K · Jul 2024
505StudioAED 600K · Jun 2025
506StudioAED 641K · Jul 2023
5071-bedAED 1.1M · Jan 2026
5081-bedAED 1.3M · Jan 2016
1–7 of 14

504, Golf Promenade 2B in numbers

  • Sold twice: first on 25 August 2015 for AED 811,300, last on 31 May 2022 for AED 185,000 (AED 355 per sqft).
  • Rented since August 2024 on one Ejari contract, at AED 43,000 a year.
  • At AED 43,000 a year the gross yield on the 2022 price is 23.2%, before a service charge of about AED 3,200 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 3 August 2024.

Questions about 504, Golf Promenade 2B

What did unit 504 last sell for?

AED 185,000 on 31 May 2022: AED 355 per sqft for 260 sqft. The unit has 2 registered sales; the first was AED 811,300 in August 2015.

What is the rent for unit 504?

AED 43,000 a year on the contract signed on 3 August 2024.

How big is unit 504?

260 sqft (24.2 sqm): a studio on the 5th floor of a 12-storey tower completed in 2019.

What is unit 504 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 504, Golf Promenade 2B

Starts from the last sale price (AED 185K, 31 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 185,000
Deposit, UAE resident (20%)
AED 37,000
Deposit, non-resident (40%)
AED 74,000
Monthly over 25 years at 3.7%
AED 757

Plus AED 10,680 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →