2-bed · 1,032 sqftPark Central, Business Bay · 10th floor · completed 2013

1009, Park Central

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1009 · DLD and Ejari recordsUpdated 2 May 2023
Last soldAED 1.24M2 May 2023
Current rentAED 60K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1009, Park Central

What is 1009 worth today?

Last sold for AED 1,240,000 in 2023

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2 May 2023SoldReady
AED 1,240,000AED 1,201 per sqft
6 Mar 2023SoldReady
AED 1,000,000AED 968 per sqft
1 Sep 2020RentedRenewal
AED 60,000/yr12 months · AED 58 per sqft
1 Sep 2019RentedNew contract
AED 60,000/yr12 months · AED 58 per sqft
4 Aug 2017RentedNew contract
AED 105,000/yr12 months · AED 102 per sqft
4 Aug 2016RentedNew contract
AED 100,000/yr12 months · AED 97 per sqft
4 Jun 2015RentedNew contract
AED 110,000/yr12 months · AED 106 per sqft
10 Apr 2014RentedNew contract
AED 105,000/yr12 months · AED 102 per sqft

Source: Dubai Land Department. Updated 2 May 2023.

Key facts

Type
2-bed apartment
Size
1,032 sqft
Floor
10th of 16
Parking
B1-40
Developer
DAMAC
Completed
2013
Service charge
AED 19,400 /yr
Last sold
AED 1.24M · May 2023
Building
Park Central

About 1009, Park Central

1009 is a two-bedroom apartment of 1,032 sqft on the 10th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 2 May 2023 for AED 1,240,000, or AED 1,201 per sqft, 24% above the AED 968 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 1 September 2020, is AED 60,000 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 19,400 a year.

Sales and rents for 1009 over time

Sales
Unit 1009, each saleTypical two-bed in Park Central
1M1.5M2012201620202024Typical sale price by year: 2012 AED 1,195,200; 2013 AED 1,450,000; 2014 AED 1,376,200; 2015 AED 1,654,950; 2016 AED 1,250,000; 2017 AED 925,000; 2019 AED 1,000,000; 2023 AED 1,100,000; 2024 AED 1,280,000; 2025 AED 1,450,000; 2026 AED 1,350,000Sold by developer, December 2012: AED 1,145,360 (AED 1,109 per sqft)Sold, March 2023: AED 1,000,000 (AED 968 per sqft)Sold, May 2023: AED 1,240,000 (AED 1,201 per sqft)

1009 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1009, each contractTypical two-bed in Park Central
50K100K2014201820222026Typical rent by year: 2014 AED 115,000; 2015 AED 120,000; 2016 AED 115,000; 2017 AED 100,000; 2018 AED 85,000; 2019 AED 70,000; 2020 AED 65,000; 2021 AED 55,000; 2022 AED 67,000; 2023 AED 80,500; 2024 AED 95,000; 2025 AED 100,000; 2026 AED 94,000New contract, April 2014: AED 105,000 a yearNew contract, June 2015: AED 110,000 a yearNew contract, August 2016: AED 100,000 a yearNew contract, August 2017: AED 105,000 a yearNew contract, September 2019: AED 60,000 a yearRenewal, September 2020: AED 60,000 a year

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

2-beds in Park Central, and where 1009 sits

All 39 2-beds →

1009 last sold in May 2023 at AED 1,201 per sqft, 24% above what two-beds in Park Central were fetching at the time (AED 968). Over the last 12 months two-beds sold for AED 1,073,183 to 1,555,000, around AED 1,165 per sqft, and rent for AED 80,000 to 130,000 a year. 1009's AED 60,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Oct 20261,400,000
13 Jul 20261,350,000
27 Mar 20261,555,000
17 Mar 20261,280,000
9 2-bed sales in the last 12 months

Park Central

Building

136 apartments, studios to 2-bed over 16 floors in Business Bay, completed in 2013 by DAMAC. 17 sold in the last 12 months.

Typical price per sqft
AED 1,221 Down 5.4%
Typical sale
AED 1.07M
Typical rent
AED 70K /yr
Typical yield
8.9%
Park Central, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 136 units in Park Central
Value
10012-bedAED 1.15M · Jul 2023
10021-bedAED 745K · Dec 2018
10041-bedAED 690K · Apr 2014
1005StudioAED 630K · Mar 2017
10062-bedAED 1.07M · Mar 2014
1007StudioAED 800K · Apr 2015
1008StudioAED 610K · Jul 2024
1–7 of 8

1009, Park Central in numbers

  • Sold 3 times: first on 13 December 2012 for AED 1,145,360, last on 2 May 2023 for AED 1,240,000 (AED 1,201 per sqft).
  • Rented since April 2014 on 6 Ejari contracts, from AED 105,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2023 price is 4.8%, before a service charge of about AED 19,400 a year (AED 18.77 per sqft).
  • Two-beds in Park Central sold for AED 1,073,183–1,555,000 in the 12 months to November 2026; the building's median across all types is AED 1,221 per sqft.

Source: Dubai Land Department. Updated 2 May 2023.

Questions about 1009, Park Central

What did unit 1009 last sell for?

AED 1,240,000 on 2 May 2023: AED 1,201 per sqft for 1,032 sqft. The unit has 3 registered sales; the first was AED 1,145,360 in December 2012.

What is the rent for unit 1009?

AED 60,000 a year on the contract renewed on 1 September 2020. The previous contract, from September 2019, was AED 60,000; the unit has been rented since April 2014.

How big is unit 1009?

1,032 sqft (95.9 sqm): a two-bedroom apartment on the 10th floor of a 16-storey tower completed in 2013.

What is unit 1009 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Central sold for AED 1,073,183 to 1,555,000 in the last 12 months, around AED 1,165 per sqft.

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Mortgage on 1009, Park Central

Starts from the last sale price (AED 1.24M, 2 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,240,000
Deposit, UAE resident (20%)
AED 248,000
Deposit, non-resident (40%)
AED 496,000
Monthly over 25 years at 3.7%
AED 5,073

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