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Studio · 450 sqftPark Central, Business Bay · 13th floor · completed 2013

1308, Park Central

Sold prices and rental history: sold 3 times, last in May 2015, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1308 · DLD and Ejari recordsUpdated 21 September 2020
Last soldAED 765K6 May 2015
Current rentAED 30K /yr21 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1308, Park Central

What is 1308 worth today?

Last sold for AED 765,000 in 2015

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21 Sep 2020RentedRenewal
AED 30,000/yr12 months · AED 66 per sqft
21 Sep 2019RentedRenewal
AED 41,000/yr12 months · AED 91 per sqft
21 Sep 2018RentedNew contract
AED 50,000/yr12 months · AED 111 per sqft
6 May 2015SoldReady
AED 765,000AED 1,699 per sqft
31 Aug 2014SoldReady
AED 800,000AED 1,776 per sqft
9 Mar 2014Sold by developerReady
AED 587,600AED 1,305 per sqft

Source: Dubai Land Department. Updated 21 September 2020.

Key facts

Type
Studio apartment
Size
450 sqft
Floor
13th of 16
Parking
B1-71
Developer
DAMAC
Completed
2013
Service charge
AED 8,500 /yr
Last sold
AED 765K · May 2015
Building
Park Central

About 1308, Park Central

1308 is a studio of 450 sqft on the 13th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 6 May 2015 for AED 765,000, or AED 1,699 per sqft, 9% above the AED 1,563 studios in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 21 September 2020, is AED 30,000 a year: a gross yield of 3.9% on the 2015 price, before the service charge of about AED 8,500 a year.

Sales and rents for 1308 over time

Sales
Unit 1308, each saleTypical studio in Park Central
400K600K800K2012201620202024Typical 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, March 2014: AED 587,600 (AED 1,305 per sqft)Sold, August 2014: AED 800,000 (AED 1,776 per sqft)Sold, May 2015: AED 765,000 (AED 1,699 per sqft)

1308 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1308, 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, September 2018: AED 50,000 a yearRenewal, September 2019: AED 41,000 a yearRenewal, September 2020: AED 30,000 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 1308 sits

All 46 studios →

1308 last sold in May 2015 at AED 1,699 per sqft, 9% above what studios in Park Central were fetching at the time (AED 1,563). 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. 1308's AED 30,000 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 13th floor

All 136 units in Park Central
Value
13012-bedAED 1.5M · Mar 2026
13021-bedAED 1.05M · May 2016
13031-bedAED 975K · Jun 2014
13041-bedAED 660K · Feb 2023
1305StudioAED 426K · May 2014
13062-bedAED 1.3M · Dec 2016
1307StudioAED 585K · Jun 2026
1–7 of 9

1308, Park Central in numbers

  • Sold 3 times: first on 9 March 2014 for AED 587,600, last on 6 May 2015 for AED 765,000 (AED 1,699 per sqft).
  • Rented since September 2018 on 3 Ejari contracts, from AED 50,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2015 price is 3.9%, before a service charge of about AED 8,500 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 21 September 2020.

Questions about 1308, Park Central

What did unit 1308 last sell for?

AED 765,000 on 6 May 2015: AED 1,699 per sqft for 450 sqft. The unit has 3 registered sales; the first was AED 587,600 in March 2014.

What is the rent for unit 1308?

AED 30,000 a year on the contract renewed on 21 September 2020. The previous contract, from September 2019, was AED 41,000; the unit has been rented since September 2018.

How big is unit 1308?

450 sqft (41.8 sqm): a studio on the 13th floor of a 16-storey tower completed in 2013.

What is unit 1308 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 1308, Park Central

Starts from the last sale price (AED 765K, 6 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 765,000
Deposit, UAE resident (20%)
AED 153,000
Deposit, non-resident (40%)
AED 306,000
Monthly over 25 years at 3.7%
AED 3,130

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