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1-bed · 1,293 sqftGolf Promenade 5A, Damac Hills · 3rd floor · completed 2019

A303, Golf Promenade 5A

Sold prices and rental history: sold once, by the developer in February 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A303 · DLD and Ejari recordsUpdated 15 May 2023
Last soldAED 1.14M8 February 2023
Current rentAED 82K /yr15 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A303, Golf Promenade 5A

What is A303 worth today?

Last sold for AED 1,138,760 in 2023

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15 May 2023RentedNew contract
AED 82,000/yr12 months · AED 63 per sqft
8 Feb 2023Sold by developerReady
AED 1,138,760AED 880 per sqft
8 Oct 2020RentedRenewal
AED 60,000/yr12 months · AED 46 per sqft
8 Oct 2019RentedRenewal
AED 69,000/yr12 months · AED 53 per sqft
8 Sep 2018RentedNew contract
AED 84,000/yr13 months · AED 65 per sqft
8 Aug 2017RentedNew contract
AED 86,000/yr12 months · AED 67 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 May 2023.

Key facts

Type
1-bed apartment
Size
1,293 sqft
Floor
3rd of 9
Parking
B-1
Developer
DAMAC
Completed
2019
Service charge
AED 19,400 /yr
Last sold
AED 1.14M · February 2023
Building
Golf Promenade 5A

About A303, Golf Promenade 5A

A303 is a one-bedroom apartment of 1,293 sqft on the 3rd floor of Golf Promenade 5A, a 9-storey tower in Damac Hills completed in 2019 by DAMAC. The developer sold it on 8 February 2023 for AED 1,138,760, or AED 880 per sqft, 14% below the AED 1,028 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 15 May 2023, is AED 82,000 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 19,400 a year.

Sales and rents for A303 over time

Sales
Unit A303, each saleTypical one-bed in Golf Promenade 5A
1M2022202320242025Typical sale price by year: 2022 AED 876,500; 2023 AED 872,200; 2024 AED 975,000Sold by developer, February 2023: AED 1,138,760 (AED 880 per sqft)

A303 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit A303, each contractTypical one-bed in Golf Promenade 5A
60K80K2017202020232026Typical rent by year: 2017 AED 75,000; 2018 AED 67,000; 2019 AED 60,000; 2020 AED 56,941; 2021 AED 51,000; 2022 AED 53,550; 2023 AED 65,000; 2024 AED 66,000; 2025 AED 70,000; 2026 AED 75,000New contract, August 2017: AED 86,000 a yearNew contract, September 2018: AED 84,000 a yearRenewal, October 2019: AED 69,000 a yearRenewal, October 2020: AED 60,000 a yearNew contract, May 2023: AED 82,000 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 5A, and where A303 sits

All 40 1-beds →

A303 last sold in February 2023 at AED 880 per sqft, 14% below what one-beds in Golf Promenade 5A were fetching at the time (AED 1,028). A303's AED 82,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Jul 20251,100,000
6 Feb 20251,000,000
29 Oct 2024960,000
13 Aug 2024990,000
0 1-bed sales in the last 12 months

Golf Promenade 5A

Building

81 apartments, studios to 3-bed over 9 floors in Damac Hills, completed in 2019 by DAMAC. 1 sold in the last 12 months.

Typical price per sqft
AED 1,568
Typical sale
AED 2.65M
Typical rent
AED 70K /yr
Typical yield
5.9%
Golf Promenade 5A, Damac Hills: prices, sales and rents →

Other units on the 3rd floor

All 81 units in Golf Promenade 5A
Value
A3012-bedAED 1.75M · Nov 2022
A3023-bedAED 2.95M · Feb 2024
A304StudioAED 577K · Dec 2022
A305StudioAED 627K · Jan 2023
A306StudioAED 595K · May 2023
A3071-bedAED 960K · Oct 2024
A308StudioAED 634K · May 2023
1–7 of 11

A303, Golf Promenade 5A in numbers

  • Sold once: by DAMAC on 8 February 2023 for AED 1,138,760, or AED 880 per sqft.
  • Rented since August 2017 on 5 Ejari contracts. The rent fell from AED 86,000 to AED 60,000 in 2020 and recovered to AED 82,000 by May 2023.
  • At AED 82,000 a year the gross yield on the 2023 price is 7.2%, before a service charge of about AED 19,400 a year (AED 15.00 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 15 May 2023.

Questions about A303, Golf Promenade 5A

What did unit A303 last sell for?

AED 1,138,760 on 8 February 2023, sold by the developer: AED 880 per sqft for 1,293 sqft. It is the only registered sale of the unit.

What is the rent for unit A303?

AED 82,000 a year on the contract signed on 15 May 2023. The previous contract, from October 2020, was AED 60,000; the unit has been rented since August 2017.

How big is unit A303?

1,293 sqft (120.1 sqm): a one-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2019.

What is unit A303 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 A303, Golf Promenade 5A

Starts from the last sale price (AED 1.14M, 8 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,138,760
Deposit, UAE resident (20%)
AED 227,752
Deposit, non-resident (40%)
AED 455,504
Monthly over 25 years at 3.7%
AED 4,659

Plus AED 52,838 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →