1-bed · 700 sqftPark Central, Business Bay · 15th floor · completed 2013

1502, Park Central

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in October 2014, and rented once, from September 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1502 · DLD and Ejari recordsUpdated 1 September 2019

Last soldAED 1.05M20 October 2014

Current rentAED 55K /yr1 September 2019

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1502, Park Central

Today

What is 1502 worth today?

Last sold for AED 1,050,700 in 2014

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1 Sep 2019

1 Sep 2019RentedNew contract

AED 55,000/yr12 months · AED 79 per sqft

20 Oct 2014

20 Oct 2014Sold by developerReady

AED 1,050,700AED 1,501 per sqft

Source: Dubai Land Department. Updated 1 September 2019.

Key facts

Type: 1-bed apartment
Size: 700 sqft
Floor: 15th of 16
Parking: B2-12
Developer: DAMAC
Completed: 2013
Service charge: AED 13,100 /yr
Last sold: AED 1.05M · October 2014
Building: Park Central

About 1502, Park Central

1502 is a one-bedroom apartment of 700 sqft on the 15th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. The developer sold it on 20 October 2014 for AED 1,050,700, or AED 1,501 per sqft, 19% above the AED 1,259 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2019. The current contract, signed on 1 September 2019, is AED 55,000 a year: a gross yield of 5.2% on the 2014 price, before the service charge of about AED 13,100 a year.

Sales and rents for 1502 over time

Sales

Unit 1502, each saleTypical one-bed in Park Central

1502 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1502, each contractTypical one-bed in Park Central

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

1-beds in Park Central, and where 1502 sits

All 51 1-beds →

1-beds in Park Central · last 12 months1,238 /sqft Park Central · all types1,221 /sqft

1502 last sold in October 2014 at AED 1,501 per sqft, 19% above what one-beds in Park Central were fetching at the time (AED 1,259). Over the last 12 months one-beds sold for AED 850,000 to 888,803, around AED 1,238 per sqft, and rent for AED 40,000 to 100,000 a year. 1502's AED 55,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
21 May 202621 May 2026	844 sqft	888,803	1,053
17 Mar 202617 March 2026	702 sqft	870,000	1,238
9 Dec 20259 December 2025	634 sqft	850,000	1,340
14 Oct 202514 October 2025	620 sqft	1,100,000	1,773

3 1-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 15th floor

All 136 units in Park Central


1501	2-bed	1,266 sqft	AED 1.35MAED 1,350,000 · Mar 2024March 2024	130,000 /yr
1503	1-bed	823 sqft	AED 750KAED 750,000 · Apr 2019April 2019
1504	1-bed	620 sqft	AED 830KAED 830,000 · Aug 2024August 2024	60,000 /yr
1505	Studio	340 sqft	AED 550KAED 550,000 · Feb 2017February 2017	61,500 /yr
1506	2-bed	1,092 sqft	AED 1.19MAED 1,190,000 · Feb 2024February 2024	82,000 /yr
1507	Studio	384 sqft	AED 450KAED 450,000 · Sep 2018September 2018	50,000 /yr
1508	Studio	448 sqft	AED 750KAED 750,000 · Jun 2015June 2015	55,000 /yr
1509	2-bed	1,074 sqft	AED 1.01MAED 1,010,000 · Feb 2019February 2019	105,000 /yr
1510	1-bed	670 sqft	AED 650KAED 650,000 · Jan 2020January 2020	50,000 /yr

1–7 of 9

1502, Park Central in numbers

Sold once: by DAMAC on 20 October 2014 for AED 1,050,700, or AED 1,501 per sqft.
Rented since September 2019 on one Ejari contract, at AED 55,000 a year.
At AED 55,000 a year the gross yield on the 2014 price is 5.2%, before a service charge of about AED 13,100 a year (AED 18.77 per sqft).
One-beds in Park Central sold for AED 850,000–888,803 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 1 September 2019.

Questions about 1502, Park Central

What did unit 1502 last sell for?

AED 1,050,700 on 20 October 2014, sold by the developer: AED 1,501 per sqft for 700 sqft. It is the only registered sale of the unit.

What is the rent for unit 1502?

AED 55,000 a year on the contract signed on 1 September 2019.

How big is unit 1502?

700 sqft (65.0 sqm): a one-bedroom apartment on the 15th floor of a 16-storey tower completed in 2013.

What is unit 1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Central sold for AED 850,000 to 888,803 in the last 12 months, around AED 1,238 per sqft.

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Mortgage on 1502, Park Central

Starts from the last sale price (AED 1.05M, 20 October 2014). Switch to today's estimate once you have unlocked it.

Price: AED 1,050,700
Deposit, UAE resident (20%): AED 210,140
Deposit, non-resident (40%): AED 420,280
Monthly over 25 years at 3.7%: AED 4,299

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