1-bed · 647 sqftExecutive Residences 2 at Park Ridge, Dubai Hills Estate · 10th floor · completed 2022

1009, Executive Residences 2 at Park Ridge

Sold prices and rental history: sold once, by the developer in March 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1009 · DLD and Ejari recordsUpdated 3 December 2024
Last soldAED 1.12M21 March 2021
Current rentAED 84K /yr3 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1009, Executive Residences 2 at Park Ridge

What is 1009 worth today?

Last sold for AED 1,117,888 in 2021

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3 Dec 2024RentedRenewal
AED 84,000/yr12 months · AED 130 per sqft
3 Dec 2023RentedRenewal
AED 80,000/yr12 months · AED 124 per sqft
3 Dec 2022RentedNew contract
AED 77,000/yr12 months · AED 119 per sqft
21 Mar 2021Sold by developerOff-plan
AED 1,117,888AED 1,726 per sqft

Source: Dubai Land Department. Updated 3 December 2024.

Key facts

Type
1-bed apartment
Size
647 sqft
Floor
10th of 12
Parking
B2-2127
Developer
Dubai Hills Estate
Completed
2022
Last sold
AED 1.12M · March 2021

About 1009, Executive Residences 2 at Park Ridge

1009 is a one-bedroom apartment of 647 sqft on the 10th floor of Executive Residences 2 at Park Ridge, a 12-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. The developer sold it on 21 March 2021 for AED 1,117,888, or AED 1,726 per sqft, in line with the AED 1,700 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 3 December 2024, is AED 84,000 a year: a gross yield of 7.5% on the 2021 price.

Sales and rents for 1009 over time

Sales
Unit 1009, each saleTypical one-bed in Executive Residences 2 at Park Ridge
1M1.5M20192021202320252027Typical sale price by year: 2019 AED 1,087,888; 2020 AED 1,115,888; 2021 AED 1,116,888; 2022 AED 1,134,888; 2023 AED 1,296,944; 2024 AED 1,500,000; 2025 AED 1,725,000; 2026 AED 1,590,000Sold by developer, March 2021: AED 1,117,888 (AED 1,726 per sqft)

1009 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1009, each contractTypical one-bed in Executive Residences 2 at Park Ridge
80K100K202220242026Typical rent by year: 2022 AED 80,000; 2023 AED 86,000; 2024 AED 90,000; 2025 AED 100,000; 2026 AED 94,500New contract, December 2022: AED 77,000 a yearRenewal, December 2023: AED 80,000 a yearRenewal, December 2024: AED 84,000 a year

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

1-beds in Executive Residences 2 at Park Ridge, and where 1009 sits

All 176 1-beds →

1009 last sold in March 2021 at AED 1,726 per sqft, in line with what one-beds in Executive Residences 2 at Park Ridge were fetching at the time (AED 1,700). Over the last 12 months one-beds sold for AED 1,450,000 to 2,000,000, around AED 2,523 per sqft, and rent for AED 70,000 to 140,000 a year. 1009's AED 84,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Jun 20261,590,000
4 Jun 20261,470,000
10 Apr 20261,650,000
27 Mar 20261,650,000
10 1-bed sales in the last 12 months

Executive Residences 2 at Park Ridge

Building

381 apartments, 1-bed to 3-bed over 12 floors in Dubai Hills Estate, completed in 2022 by Dubai Hills Estate. 29 sold in the last 12 months.

Typical price per sqft
AED 2,448 Down 1.4%
Typical sale
AED 2.33M
Typical rent
AED 118K /yr
Typical yield
6.0%
Executive Residences 2 at Park Ridge, Dubai Hills Estate: prices, sales and rents →
Value
10012-bedAED 1.6M · Jun 2021
10022-bedAED 1.61M · Aug 2021
10033-bedAED 3.91M · Sep 2022
10042-bedAED 1.6M · Jun 2021
10052-bedAED 1.6M · Sep 2021
10062-bedAED 1.57M · Sep 2021
10071-bedAED 1.06M · Nov 2019
1–7 of 29

1009, Executive Residences 2 at Park Ridge in numbers

  • Sold once: by Dubai Hills Estate on 21 March 2021 for AED 1,117,888, or AED 1,726 per sqft.
  • Rented since December 2022 on 3 Ejari contracts, from AED 77,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2021 price is 7.5%.
  • One-beds in Executive Residences 2 at Park Ridge sold for AED 1,450,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,448 per sqft.

Source: Dubai Land Department. Updated 3 December 2024.

Questions about 1009, Executive Residences 2 at Park Ridge

What did unit 1009 last sell for?

AED 1,117,888 on 21 March 2021, sold by the developer: AED 1,726 per sqft for 647 sqft. It is the only registered sale of the unit.

What is the rent for unit 1009?

AED 84,000 a year on the contract renewed on 3 December 2024. The previous contract, from December 2023, was AED 80,000; the unit has been rented since December 2022.

How big is unit 1009?

647 sqft (60.1 sqm): a one-bedroom apartment on the 10th floor of a 12-storey tower completed in 2022.

What is unit 1009 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Executive Residences 2 at Park Ridge sold for AED 1,450,000 to 2,000,000 in the last 12 months, around AED 2,523 per sqft.

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Mortgage on 1009, Executive Residences 2 at Park Ridge

Starts from the last sale price (AED 1.12M, 21 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,117,888
Deposit, UAE resident (20%)
AED 223,578
Deposit, non-resident (40%)
AED 447,155
Monthly over 25 years at 3.7%
AED 4,574

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