1208, Park Central
Sold prices and rental history: sold 3 times, last in December 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1208, Park Central
What is 1208 worth today?
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Source: Dubai Land Department. Updated 5 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 442 sqft
- Floor
- 12th of 16
- Parking
- B1-61
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 8,300 /yr
- Last sold
- AED 590K · December 2024
- Building
- Park Central
About 1208, Park Central
1208 is a studio of 442 sqft on the 12th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 20 December 2024 for AED 590,000, or AED 1,334 per sqft, 5% above the AED 1,265 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 5 February 2025, is AED 60,000 a year: a gross yield of 10.2% on the 2024 price, before the service charge of about AED 8,300 a year.
Sales and rents for 1208 over time
1208 has sold 3 times; the dashed line is the studio median of each year in the building.
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 1208 sits
All 46 studios →1208 last sold in December 2024 at AED 1,334 per sqft, 5% above what studios in Park Central were fetching at the time (AED 1,265). 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. 1208's AED 60,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 458 sqft | 540,000 | 1,180 | ||
| 23 Jun 202623 June 2026 | 450 sqft | 585,000 | 1,299 | ||
| 18 May 202618 May 2026 | 443 sqft | 595,000 | 1,343 | ||
| 2 Feb 20262 February 2026 | 454 sqft | 650,000 | 1,432 |
Park Central
Building136 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%
Other units on the 12th floor
All 136 units in Park Central| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,296 sqft | AED 1.5MAED 1,500,000 · May 2025May 2025 | 105,000 /yr | |
| 1202 | 1-bed | 686 sqft | AED 790KAED 790,000 · Mar 2025March 2025 | 45,000 /yr | |
| 1203 | 1-bed | 844 sqft | AED 1.09MAED 1,090,000 · Jun 2025June 2025 | 48,000 /yr | |
| 1204 | 1-bed | 631 sqft | AED 790KAED 790,000 · Feb 2025February 2025 | 44,000 /yr | |
| 1205 | Studio | 334 sqft | AED 480KAED 480,000 · Oct 2024October 2024 | 59,839 /yr | |
| 1206 | 2-bed | 1,001 sqft | AED 1.5MAED 1,500,000 · Feb 2025February 2025 | 90,000 /yr | |
| 1207 | Studio | 443 sqft | AED 600KAED 600,000 · Nov 2024November 2024 | 88,000 /yr | |
| 1209 | 2-bed | 1,032 sqft | AED 1.28MAED 1,280,000 · Mar 2026March 2026 | 85,000 /yr | |
| 1210 | 1-bed | 679 sqft | AED 920KAED 920,000 · Oct 2024October 2024 | 60,000 /yr |
1208, Park Central in numbers
- Sold 3 times: first on 30 August 2012 for AED 692,500, last on 20 December 2024 for AED 590,000 (AED 1,334 per sqft).
- Rented since July 2018 on 4 Ejari contracts. The rent fell from AED 52,000 to AED 29,000 in 2020 and recovered to AED 60,000 by February 2025.
- At AED 60,000 a year the gross yield on the 2024 price is 10.2%, before a service charge of about AED 8,300 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 5 February 2025.
Questions about 1208, Park Central
What did unit 1208 last sell for?
AED 590,000 on 20 December 2024: AED 1,334 per sqft for 442 sqft. The unit has 3 registered sales; the first was AED 692,500 in August 2012.
What is the rent for unit 1208?
AED 60,000 a year on the contract signed on 5 February 2025. The previous contract, from November 2020, was AED 29,000; the unit has been rented since July 2018.
How big is unit 1208?
442 sqft (41.1 sqm): a studio on the 12th floor of a 16-storey tower completed in 2013.
What is unit 1208 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 1208, Park Central
Starts from the last sale price (AED 590K, 20 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 590,000
- Deposit, UAE resident (20%)
- AED 118,000
- Deposit, non-resident (40%)
- AED 236,000
- Monthly over 25 years at 3.7%
- AED 2,414
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →