1-bed · 651 sqftExecutive Residences 2 at Park Ridge, Dubai Hills Estate · 1st floor · completed 2022

109, Executive Residences 2 at Park Ridge

Sold prices and rental history: sold twice, last in February 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 109 · DLD and Ejari recordsUpdated 19 February 2024
Last soldAED 1.25M19 February 2024
Current rentAED 75K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 109, Executive Residences 2 at Park Ridge

What is 109 worth today?

Last sold for AED 1,250,000 in 2024

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19 Feb 2024SoldReady
AED 1,250,000AED 1,920 per sqft
1 Nov 2023RentedRenewal
AED 75,000/yr12 months · AED 116 per sqft
1 Nov 2022RentedNew contract
AED 75,000/yr12 months · AED 116 per sqft
20 Oct 2019Sold by developerOff-plan
AED 1,025,888AED 1,576 per sqft

Source: Dubai Land Department. Updated 19 February 2024.

Key facts

Type
1-bed apartment
Size
651 sqft
Floor
1st of 12
Parking
B1-1189A
Developer
Dubai Hills Estate
Completed
2022
Last sold
AED 1.25M · February 2024

About 109, Executive Residences 2 at Park Ridge

109 is a one-bedroom apartment of 651 sqft on the 1st 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 19 February 2024 for AED 1,250,000, or AED 1,920 per sqft, 3% below the AED 1,989 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 75,000 a year: a gross yield of 6.0% on the 2024 price.

Sales and rents for 109 over time

Sales
Unit 109, 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, October 2019: AED 1,025,888 (AED 1,576 per sqft)Sold, February 2024: AED 1,250,000 (AED 1,920 per sqft)

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

Rents
Unit 109, 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, November 2022: AED 75,000 a yearRenewal, November 2023: AED 75,000 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 109 sits

All 176 1-beds →

109 last sold in February 2024 at AED 1,920 per sqft, 3% below what one-beds in Executive Residences 2 at Park Ridge were fetching at the time (AED 1,989). 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. 109's AED 75,000 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
1012-bedAED 1.61M · Mar 2022
1022-bedAED 1.61M · Jan 2022
1032-bedAED 3.1M · Jan 2025
1042-bedAED 2.5M · Jan 2023
1052-bedAED 2.1M · Feb 2023
1062-bedAED 1.61M · Mar 2022
1072-bedAED 1.57M · Jun 2022
1–7 of 30

109, Executive Residences 2 at Park Ridge in numbers

  • Sold twice: first on 20 October 2019 for AED 1,025,888, last on 19 February 2024 for AED 1,250,000 (AED 1,920 per sqft).
  • Rented since November 2022 on 2 Ejari contracts, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2024 price is 6.0%.
  • 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 19 February 2024.

Questions about 109, Executive Residences 2 at Park Ridge

What did unit 109 last sell for?

AED 1,250,000 on 19 February 2024: AED 1,920 per sqft for 651 sqft. The unit has 2 registered sales; the first was AED 1,025,888 in October 2019.

What is the rent for unit 109?

AED 75,000 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 75,000.

How big is unit 109?

651 sqft (60.5 sqm): a one-bedroom apartment on the 1st floor of a 12-storey tower completed in 2022.

What is unit 109 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 109, Executive Residences 2 at Park Ridge

Starts from the last sale price (AED 1.25M, 19 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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