1408, Park Central
Sold prices and rental history: sold 3 times, last in September 2024, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Park Central
What is 1408 worth today?
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Source: Dubai Land Department. Updated 4 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 442 sqft
- Floor
- 14th of 16
- Parking
- B2-07
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 8,300 /yr
- Last sold
- AED 650K · September 2024
- Building
- Park Central
About 1408, Park Central
1408 is a studio of 442 sqft on the 14th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 3 September 2024 for AED 650,000, or AED 1,469 per sqft, 12% above the AED 1,310 studios in the building were fetching at the time.
It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 4 February 2025, is AED 40,000 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 8,300 a year.
Sales and rents for 1408 over time
1408 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 1408 sits
All 46 studios →1408 last sold in September 2024 at AED 1,469 per sqft, 12% above what studios in Park Central were fetching at the time (AED 1,310). 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. 1408's AED 40,000 is at the bottom 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 14th floor
All 136 units in Park Central| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,296 sqft | AED 1.5MAED 1,500,000 · Jan 2025January 2025 | 110,000 /yr | |
| 1402 | 1-bed | 686 sqft | AED 750KAED 750,000 · Oct 2023October 2023 | 75,000 /yr | |
| 1403 | 1-bed | 844 sqft | AED 850KAED 850,000 · Feb 2024February 2024 | 40,000 /yr | |
| 1404 | 1-bed | 631 sqft | AED 860KAED 860,000 · Mar 2014March 2014 | ||
| 1405 | Studio | 334 sqft | AED 502KAED 501,600 · Jun 2014June 2014 | 50,000 /yr | |
| 1406 | 2-bed | 1,001 sqft | AED 1.5MAED 1,501,950 · May 2014May 2014 | 90,000 /yr | |
| 1407 | Studio | 443 sqft | AED 664KAED 664,050 · Jun 2014June 2014 | 55,000 /yr | |
| 1409 | 2-bed | 1,033 sqft | AED 500KAED 500,000 · Jan 2021January 2021 | 100,000 /yr | |
| 1410 | 1-bed | 679 sqft | AED 1.1MAED 1,100,000 · Nov 2014November 2014 | 95,000 /yr |
1408, Park Central in numbers
- Sold 3 times: first on 19 February 2015 for AED 664,050, last on 3 September 2024 for AED 650,000 (AED 1,469 per sqft).
- Rented since June 2017 on 3 Ejari contracts, from AED 55,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2024 price is 6.2%, 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 4 February 2025.
Questions about 1408, Park Central
What did unit 1408 last sell for?
AED 650,000 on 3 September 2024: AED 1,469 per sqft for 442 sqft. The unit has 3 registered sales; the first was AED 664,050 in February 2015.
What is the rent for unit 1408?
AED 40,000 a year on the contract signed on 4 February 2025. The previous contract, from October 2018, was AED 45,000; the unit has been rented since June 2017.
How big is unit 1408?
442 sqft (41.1 sqm): a studio on the 14th floor of a 16-storey tower completed in 2013.
What is unit 1408 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 1408, Park Central
Starts from the last sale price (AED 650K, 3 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →