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2-bed · 1,006 sqftExecutive Residences 2 at Park Ridge, Dubai Hills Estate · 10th floor · completed 2022

1029, Executive Residences 2 at Park Ridge

Sold prices and rental history: sold twice, last in August 2023, and rented once, from March 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1029 · DLD and Ejari recordsUpdated 28 August 2023
Last soldAED 2.15M28 August 2023
Current rentAED 145K /yr12 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1029, Executive Residences 2 at Park Ridge

What is 1029 worth today?

Last sold for AED 2,150,000 in 2023

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28 Aug 2023SoldReady
AED 2,150,000AED 2,137 per sqft
12 Mar 2023RentedNew contract
AED 145,000/yr12 months · AED 144 per sqft
3 Mar 2021Sold by developerOff-plan
AED 1,598,888AED 1,589 per sqft

Source: Dubai Land Department. Updated 28 August 2023.

Key facts

Type
2-bed apartment
Size
1,006 sqft
Floor
10th of 12
Parking
B2-2562
Developer
Dubai Hills Estate
Completed
2022
Last sold
AED 2.15M · August 2023
Building
Executive Residences 2 at Park Ridge

About 1029, Executive Residences 2 at Park Ridge

1029 is a two-bedroom apartment of 1,006 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. It last sold on 28 August 2023 for AED 2,150,000, or AED 2,137 per sqft, 7% above the AED 2,004 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 12 March 2023. The current contract, signed on 12 March 2023, is AED 145,000 a year: a gross yield of 6.7% on the 2023 price.

Sales and rents for 1029 over time

Sales
Unit 1029, each saleTypical two-bed in Executive Residences 2 at Park Ridge
2M20192021202320252027Typical sale price by year: 2019 AED 1,602,888; 2020 AED 1,611,388; 2021 AED 1,596,888; 2022 AED 1,605,888; 2023 AED 2,150,000; 2024 AED 2,500,000; 2025 AED 2,725,000; 2026 AED 2,350,000Sold by developer, March 2021: AED 1,598,888 (AED 1,589 per sqft)Sold, August 2023: AED 2,150,000 (AED 2,137 per sqft)

1029 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1029, each contractTypical two-bed in Executive Residences 2 at Park Ridge
150K160K202220242026Typical rent by year: 2022 AED 146,000; 2023 AED 150,000; 2024 AED 160,000; 2025 AED 165,000; 2026 AED 150,000New contract, March 2023: AED 145,000 a year

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

2-beds in Executive Residences 2 at Park Ridge, and where 1029 sits

All 174 2-beds →

1029 last sold in August 2023 at AED 2,137 per sqft, 7% above what two-beds in Executive Residences 2 at Park Ridge were fetching at the time (AED 2,004). Over the last 12 months two-beds sold for AED 2,050,000 to 3,500,000, around AED 2,436 per sqft, and rent for AED 60,000 to 200,000 a year. 1029's AED 145,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20262,550,000
22 Sep 20262,330,000
17 Aug 20262,425,000
4 Aug 20262,150,000
14 2-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 117K /yr
Typical yield
6.0%
Executive Residences 2 at Park Ridge, Dubai Hills Estate: prices, sales and rents →

Other units on the 10th floor

All 381 units in Executive Residences 2 at Park Ridge
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

1029, Executive Residences 2 at Park Ridge in numbers

  • Sold twice: first on 3 March 2021 for AED 1,598,888, last on 28 August 2023 for AED 2,150,000 (AED 2,137 per sqft).
  • Rented since March 2023 on one Ejari contract, at AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2023 price is 6.7%.
  • Two-beds in Executive Residences 2 at Park Ridge sold for AED 2,050,000–3,500,000 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 28 August 2023.

Questions about 1029, Executive Residences 2 at Park Ridge

What did unit 1029 last sell for?

AED 2,150,000 on 28 August 2023: AED 2,137 per sqft for 1,006 sqft. The unit has 2 registered sales; the first was AED 1,598,888 in March 2021.

What is the rent for unit 1029?

AED 145,000 a year on the contract signed on 12 March 2023.

How big is unit 1029?

1,006 sqft (93.5 sqm): a two-bedroom apartment on the 10th floor of a 12-storey tower completed in 2022.

What is unit 1029 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Executive Residences 2 at Park Ridge sold for AED 2,050,000 to 3,500,000 in the last 12 months, around AED 2,436 per sqft.

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Mortgage on 1029, Executive Residences 2 at Park Ridge

Starts from the last sale price (AED 2.15M, 28 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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