Studio · 450 sqftPark Central, Business Bay · 11th floor · completed 2013

1107, Park Central

Sold prices and rental history: sold twice, last in July 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1107 · DLD and Ejari recordsUpdated 20 February 2023
Last soldAED 651K23 July 2014
Current rentAED 45K /yr20 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1107, Park Central

What is 1107 worth today?

Last sold for AED 651,000 in 2014

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20 Feb 2023RentedNew contract
AED 45,000/yr12 months · AED 100 per sqft
7 Jan 2022RentedNew contract
AED 36,000/yr12 months · AED 80 per sqft
24 Dec 2020RentedNew contract
AED 30,000/yr12 months · AED 66 per sqft
19 Oct 2019RentedRenewal
AED 42,000/yr12 months · AED 93 per sqft
19 Oct 2018RentedRenewal
AED 42,000/yr12 months · AED 93 per sqft
19 Oct 2017RentedNew contract
AED 55,000/yr12 months · AED 122 per sqft
23 Jul 2014SoldReady
AED 651,000AED 1,446 per sqft
11 Sep 2013Sold by developerOff-plan
AED 651,000AED 1,446 per sqft

Source: Dubai Land Department. Updated 20 February 2023.

Key facts

Type
Studio apartment
Size
450 sqft
Floor
11th of 16
Parking
B1-48
Developer
DAMAC
Completed
2013
Service charge
AED 8,400 /yr
Last sold
AED 651K · July 2014
Building
Park Central

About 1107, Park Central

1107 is a studio of 450 sqft on the 11th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 23 July 2014 for AED 651,000, or AED 1,446 per sqft, 8% above the AED 1,343 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 20 February 2023, is AED 45,000 a year: a gross yield of 6.9% on the 2014 price, before the service charge of about AED 8,400 a year.

Sales and rents for 1107 over time

Sales
Unit 1107, each saleTypical studio in Park Central
600K800K2012201620202024Typical sale price by year: 2012 AED 455,000; 2013 AED 649,950; 2014 AED 605,250; 2015 AED 750,000; 2017 AED 640,000; 2023 AED 600,000; 2024 AED 595,000; 2025 AED 640,000; 2026 AED 590,000Sold by developer, September 2013: AED 651,000 (AED 1,446 per sqft)Sold, July 2014: AED 651,000 (AED 1,446 per sqft)

1107 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1107, each contractTypical studio in Park Central
40K60K2014201820222026Typical rent by year: 2014 AED 65,000; 2015 AED 64,000; 2016 AED 63,000; 2017 AED 55,000; 2018 AED 45,000; 2019 AED 40,000; 2020 AED 30,000; 2021 AED 30,000; 2022 AED 38,000; 2023 AED 45,000; 2024 AED 52,500; 2025 AED 55,000; 2026 AED 52,900New contract, October 2017: AED 55,000 a yearRenewal, October 2018: AED 42,000 a yearRenewal, October 2019: AED 42,000 a yearNew contract, December 2020: AED 30,000 a yearNew contract, January 2022: AED 36,000 a yearNew contract, February 2023: AED 45,000 a year

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

Studios in Park Central, and where 1107 sits

All 46 studios →

1107 last sold in July 2014 at AED 1,446 per sqft, 8% above what studios in Park Central were fetching at the time (AED 1,343). Over the last 12 months studios sold for AED 540,000 to 650,000, around AED 1,343 per sqft, and rent for AED 46,000 to 90,486 a year. 1107's AED 45,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
2 Nov 2026540,000
23 Jun 2026585,000
18 May 2026595,000
2 Feb 2026650,000
5 studio 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 11th floor

All 136 units in Park Central
Value
11012-bedAED 1.75M · Dec 2015
11021-bedAED 1.38M · Jul 2014
11031-bedAED 925K · Nov 2024
11041-bedAED 919K · Jul 2024
1105StudioAED 615K · Sep 2016
11062-bedAED 1M · Aug 2019
1108StudioAED 465K · Jul 2022
1–7 of 9

1107, Park Central in numbers

  • Sold twice: first on 11 September 2013 for AED 651,000, last on 23 July 2014 for AED 651,000 (AED 1,446 per sqft).
  • Rented since October 2017 on 6 Ejari contracts. The rent fell from AED 55,000 to AED 30,000 in 2020 and recovered to AED 45,000 by February 2023.
  • At AED 45,000 a year the gross yield on the 2014 price is 6.9%, before a service charge of about AED 8,400 a year (AED 18.77 per sqft).
  • Studios in Park Central sold for AED 540,000–650,000 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 20 February 2023.

Questions about 1107, Park Central

What did unit 1107 last sell for?

AED 651,000 on 23 July 2014: AED 1,446 per sqft for 450 sqft. The unit has 2 registered sales; the first was AED 651,000 in September 2013.

What is the rent for unit 1107?

AED 45,000 a year on the contract signed on 20 February 2023. The previous contract, from January 2022, was AED 36,000; the unit has been rented since October 2017.

How big is unit 1107?

450 sqft (41.8 sqm): a studio on the 11th floor of a 16-storey tower completed in 2013.

What is unit 1107 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Park Central sold for AED 540,000 to 650,000 in the last 12 months, around AED 1,343 per sqft.

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Mortgage on 1107, Park Central

Starts from the last sale price (AED 651K, 23 July 2014). Switch to today's estimate once you have unlocked it.
Price
AED 651,000
Deposit, UAE resident (20%)
AED 130,200
Deposit, non-resident (40%)
AED 260,400
Monthly over 25 years at 3.7%
AED 2,663

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