408, Park Central
Sold prices and rental history: sold 5 times, last in February 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Park Central
What is 408 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 450 sqft
- Floor
- 4th of 16
- Parking
- P-29
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 8,400 /yr
- Last sold
- AED 600K · February 2023
- Building
- Park Central
About 408, Park Central
408 is a studio of 450 sqft on the 4th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 23 February 2023 for AED 600,000, or AED 1,334 per sqft, 18% above the AED 1,126 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 1 August 2026, is AED 50,000 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 8,400 a year.
Sales and rents for 408 over time
408 has sold 5 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 408 sits
All 46 studios →408 last sold in February 2023 at AED 1,334 per sqft, 18% above what studios in Park Central were fetching at the time (AED 1,126). 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. 408's AED 50,000 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 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 | |
| 402 | 1-bed | 344 sqft | AED 515KAED 515,000 · May 2016May 2016 | 65,000 /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 | |
| 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 |
408, Park Central in numbers
- Sold 5 times: first on 9 May 2013 for AED 635,600, last on 23 February 2023 for AED 600,000 (AED 1,334 per sqft).
- Rented since March 2014 on 11 Ejari contracts. The rent fell from AED 72,000 to AED 30,000 in 2020 and recovered to AED 50,000 by August 2026.
- At AED 50,000 a year the gross yield on the 2023 price is 8.3%, before a service charge of about AED 8,400 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 1 August 2026.
Questions about 408, Park Central
What did unit 408 last sell for?
AED 600,000 on 23 February 2023: AED 1,334 per sqft for 450 sqft. The unit has 5 registered sales; the first was AED 635,600 in May 2013.
What is the rent for unit 408?
AED 50,000 a year on the contract renewed on 1 August 2026. The previous contract, from August 2025, was AED 50,000; the unit has been rented since March 2014.
How big is unit 408?
450 sqft (41.8 sqm): a studio on the 4th floor of a 16-storey tower completed in 2013.
What is unit 408 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.
Selling 408? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 408, Park Central
Starts from the last sale price (AED 600K, 23 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →