2-bed · 1,631 sqftGolf Promenade 2B, Damac Hills · 7th floor · completed 2019

712, Golf Promenade 2B

Sold prices and rental history: sold once, by the developer in April 2019, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 712 · DLD and Ejari recordsUpdated 2 August 2024

Last soldAED 1.43M4 April 2019

Current rentAED 140K /yr2 August 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 712, Golf Promenade 2B

Today

What is 712 worth today?

Last sold for AED 1,432,000 in 2019

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2 Aug 2024

2 Aug 2024RentedNew contract

AED 140,000/yr12 months · AED 86 per sqft

28 Dec 2022

28 Dec 2022RentedNew contract

AED 86,000/yr12 months · AED 53 per sqft

28 Dec 2020

28 Dec 2020RentedNew contract

AED 77,500/yr12 months · AED 47 per sqft

4 Apr 2019

4 Apr 2019Sold by developerOff-plan

AED 1,432,000AED 878 per sqft

Source: Dubai Land Department. Updated 2 August 2024.

Key facts

Type: 2-bed apartment
Size: 1,631 sqft
Floor: 7th of 12
Parking: P2-85
Developer: DAMAC
Completed: 2019
Service charge: AED 20,400 /yr
Last sold: AED 1.43M · April 2019
Building: Golf Promenade 2B

About 712, Golf Promenade 2B

712 is a two-bedroom apartment of 1,631 sqft on the 7th floor of Golf Promenade 2B, a 12-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 4 April 2019 for AED 1,432,000, or AED 878 per sqft.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 2 August 2024, is AED 140,000 a year: a gross yield of 9.8% on the 2019 price, before the service charge of about AED 20,400 a year.

Sales and rents for 712 over time

Sales

Unit 712, each saleTypical two-bed in Golf Promenade 2B

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

Rents

Unit 712, each contractTypical two-bed in Golf Promenade 2B

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

2-beds in Golf Promenade 2B, and where 712 sits

All 21 2-beds →

Golf Promenade 2B · all types1,404 /sqft

Recent 2-bed sales	Size	Price (AED)	Per sqft
22 Oct 202422 October 2024	1,526 sqft	1,760,000	1,153
24 Apr 202424 April 2024	1,386 sqft	1,650,000	1,190
3 Apr 20243 April 2024	2,034 sqft	1,950,000	958
19 Jul 202319 July 2023	1,717 sqft	1,350,000	786

0 2-bed sales 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 7th floor

All 124 units in Golf Promenade 2B


701	Studio	329 sqft	AED 513KAED 513,000 · Jun 2015June 2015	47,000 /yr
702	Studio	389 sqft	AED 606KAED 606,100 · Jun 2015June 2015	38,850 /yr
703	Studio	463 sqft	AED 780KAED 780,000 · Oct 2016October 2016	42,000 /yr
704	Studio	525 sqft	AED 510KAED 510,000 · Aug 2024August 2024	38,000 /yr
705	1-bed	816 sqft	AED 1.26MAED 1,256,850 · Apr 2016April 2016
706	1-bed	848 sqft	AED 1.45MAED 1,445,900 · Apr 2016April 2016	65,000 /yr
707	1-bed	850 sqft	AED 1.06MAED 1,057,000 · Jul 2022July 2022	76,000 /yr
708	1-bed	991 sqft	AED 1.38MAED 1,383,000 · Jul 2019July 2019	63,000 /yr
709	Studio	493 sqft	AED 763KAED 762,850 · Oct 2015October 2015	40,000 /yr
710	1-bed	852 sqft	AED 1.26MAED 1,262,550 · Oct 2015October 2015	77,000 /yr
711	1-bed	726 sqft	AED 940KAED 940,000 · Nov 2024November 2024	65,000 /yr
713	2-bed	1,367 sqft	AED 1.25MAED 1,252,800 · Apr 2019April 2019
703A	Studio	490 sqft	AED 785KAED 784,700 · Jun 2015June 2015	33,600 /yr
703B	Studio	464 sqft	AED 710KAED 709,650 · Jun 2015June 2015	45,000 /yr

1–7 of 14

712, Golf Promenade 2B in numbers

Sold once: by DAMAC on 4 April 2019 for AED 1,432,000, or AED 878 per sqft.
Rented since December 2020 on 3 Ejari contracts, from AED 77,500 to AED 140,000 a year.
At AED 140,000 a year the gross yield on the 2019 price is 9.8%, before a service charge of about AED 20,400 a year (AED 12.48 per sqft).

Source: Dubai Land Department. Updated 2 August 2024.

Questions about 712, Golf Promenade 2B

What did unit 712 last sell for?

AED 1,432,000 on 4 April 2019, sold by the developer: AED 878 per sqft for 1,631 sqft. It is the only registered sale of the unit.

What is the rent for unit 712?

AED 140,000 a year on the contract signed on 2 August 2024. The previous contract, from December 2022, was AED 86,000; the unit has been rented since December 2020.

How big is unit 712?

1,631 sqft (151.5 sqm): a two-bedroom apartment on the 7th floor of a 12-storey tower completed in 2019.

What is unit 712 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 712, Golf Promenade 2B

Starts from the last sale price (AED 1.43M, 4 April 2019). Switch to today's estimate once you have unlocked it.

Price: AED 1,432,000
Deposit, UAE resident (20%): AED 286,400
Deposit, non-resident (40%): AED 572,800
Monthly over 25 years at 3.7%: AED 5,859

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →