Golf Promenade

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Key Details

Type
Townhouses

Overview

Developed by DAMAC Properties, Golf Promenade is located in Damac Hills near Trump International Golf Club. The project includes five residential complexes: Golf Promenade 1, 2, 3, 4, and 5, and each of the complexes includes two towers. Golf Promenade 1 is the only complex still under construction.

Golf Promenade offers studios, apartments, and townhouses with floor plans featuring one, two, and three bedrooms. Studios range in size from 388 sq. ft. (36 sq. m.) to 564 sq. ft. (52 sq. m.), and apartments range in size from 725 sq. ft. (67 sq. m.) to 2,871 sq. ft. (267 sq. m.). The size of a townhouse is 2,627 sq. ft. (244 sq. m.).

The prices for studios and apartments range from AED 380,000 (USD 104,000) to AED 3,400,000 (USD 926,000), and the price for a townhouse is approximately AED 2,600,000 (USD 708,000).

Golf Promenade is located near Hessa Street, which offers easy access to Emirates Road and Sheikh Mohammed Bin Zayed Rd. From there, residents can quickly reach other parts of the city by car. The nearest bus stop, Golf Promenade 5A, is located within a short distance of the complexes.

Damac Hills is ideal for families and individuals who value quick access to sports and leisure facilities. The area’s landscaped green spaces have also contributed to the influx of tenants and investors in recent years.

Purchasing property in the area is considered to be a good investment. The average return on investment (ROI) rate for the area is approximately 5% with the highest ROI for a unit at Golf Promenade being studios, which have rates of approximately 7%. The annual rental cost of a property in the complex ranges from AED 30,000 (USD 8,000) to AED 125,000 (USD 34,000).

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