402, Park Central
Sold prices and rental history: sold twice, last in May 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, Park Central
What is 402 worth today?
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Source: Dubai Land Department. Updated 13 March 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 344 sqft
- Floor
- 4th of 16
- Parking
- P-23
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 6,500 /yr
- Last sold
- AED 515K · May 2016
- Building
- Park Central
About 402, Park Central
402 is a one-bedroom apartment of 344 sqft on the 4th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 26 May 2016 for AED 515,000, or AED 1,495 per sqft, in line with the AED 1,495 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 13 March 2024, is AED 65,000 a year: a gross yield of 12.6% on the 2016 price, before the service charge of about AED 6,500 a year.
Sales and rents for 402 over time
402 has sold twice; the dashed line is the one-bed median of each year in the building.
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 402 sits
All 51 1-beds →402 last sold in May 2016 at AED 1,495 per sqft, in line with what one-beds in Park Central were fetching at the time (AED 1,495). 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. 402's AED 65,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 4th floor
All 136 units in Park Central| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,391 sqft | AED 1.4MAED 1,400,000 · Jun 2024June 2024 | 118,000 /yr | |
| 403 | 1-bed | 938 sqft | AED 590KAED 590,000 · Oct 2020October 2020 | 90,000 /yr | |
| 404 | 1-bed | 712 sqft | AED 850KAED 850,000 · Aug 2024August 2024 | 82,000 /yr | |
| 405 | Studio | 324 sqft | AED 625KAED 625,000 · Aug 2025August 2025 | 60,000 /yr | |
| 406 | 2-bed | 1,093 sqft | AED 1.45MAED 1,450,000 · Feb 2014February 2014 | 80,000 /yr | |
| 407 | Studio | 458 sqft | AED 540KAED 540,000 · Nov 2026November 2026 | 51,005 /yr | |
| 408 | Studio | 450 sqft | AED 600KAED 600,000 · Feb 2023February 2023 | 50,000 /yr | |
| 409 | 2-bed | 1,142 sqft | AED 1.4MAED 1,400,000 · Jan 2017January 2017 | 110,000 /yr | |
| 410 | 1-bed | 738 sqft | AED 777KAED 777,000 · Mar 2014March 2014 | 71,400 /yr |
402, Park Central in numbers
- Sold twice: first on 20 December 2012 for AED 749,000, last on 26 May 2016 for AED 515,000 (AED 1,495 per sqft).
- Rented since June 2016 on 7 Ejari contracts. The rent fell from AED 80,000 to AED 45,000 in 2021 and recovered to AED 65,000 by March 2024.
- At AED 65,000 a year the gross yield on the 2016 price is 12.6%, before a service charge of about AED 6,500 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 13 March 2024.
Questions about 402, Park Central
What did unit 402 last sell for?
AED 515,000 on 26 May 2016: AED 1,495 per sqft for 344 sqft. The unit has 2 registered sales; the first was AED 749,000 in December 2012.
What is the rent for unit 402?
AED 65,000 a year on the contract renewed on 13 March 2024. The previous contract, from December 2023, was AED 90,000; the unit has been rented since June 2016.
How big is unit 402?
344 sqft (32.0 sqm): a one-bedroom apartment on the 4th floor of a 16-storey tower completed in 2013.
What is unit 402 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 402, Park Central
Starts from the last sale price (AED 515K, 26 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 515,000
- Deposit, UAE resident (20%)
- AED 103,000
- Deposit, non-resident (40%)
- AED 206,000
- Monthly over 25 years at 3.7%
- AED 2,107
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →