2-bed · 1,011 sqftExecutive Residences 2 at Park Ridge, Dubai Hills Estate · 12th floor · completed 2022

1220, Executive Residences 2 at Park Ridge

Sold prices and rental history: sold twice, last in June 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1220 · DLD and Ejari recordsUpdated 12 June 2023
Last soldAED 2.4M12 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1220, Executive Residences 2 at Park Ridge

What is 1220 worth today?

Last sold for AED 2,400,000 in 2023

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12 Jun 2023SoldReady
AED 2,400,000AED 2,374 per sqft
16 Jun 2021Sold by developerOff-plan
AED 1,598,888AED 1,607 per sqft

Source: Dubai Land Department. Updated 12 June 2023.

Key facts

Type
2-bed apartment
Size
1,011 sqft
Floor
12th of 12
Parking
B2-2563
Developer
Dubai Hills Estate
Completed
2022
Last sold
AED 2.4M · June 2023

About 1220, Executive Residences 2 at Park Ridge

1220 is a two-bedroom apartment of 1,011 sqft on the 12th 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 12 June 2023 for AED 2,400,000, or AED 2,374 per sqft, 35% above the AED 1,753 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1220 over time

Sales
Unit 1220, 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, June 2021: AED 1,598,888 (AED 1,607 per sqft)Sold, June 2023: AED 2,400,000 (AED 2,374 per sqft)

1220 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1220, 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 150,000

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 1220 sits

All 174 2-beds →

1220 last sold in June 2023 at AED 2,374 per sqft, 35% above what two-beds in Executive Residences 2 at Park Ridge were fetching at the time (AED 1,753). 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.

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 →
Value
12011-bedAED 1.12M · Jan 2022
12021-bedAED 1.15M · Mar 2022
12031-bedAED 1.16M · Mar 2022
12041-bedAED 1.88M · Dec 2024
12051-bedAED 1.15M · Apr 2022
12061-bedAED 1.35M · Apr 2023
12071-bedAED 1.13M · Jan 2022
1–7 of 21

1220, Executive Residences 2 at Park Ridge in numbers

  • Sold twice: first on 16 June 2021 for AED 1,598,888, last on 12 June 2023 for AED 2,400,000 (AED 2,374 per sqft).
  • 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 12 June 2023.

Questions about 1220, Executive Residences 2 at Park Ridge

What did unit 1220 last sell for?

AED 2,400,000 on 12 June 2023: AED 2,374 per sqft for 1,011 sqft. The unit has 2 registered sales; the first was AED 1,598,888 in June 2021.

How big is unit 1220?

1,011 sqft (93.9 sqm): a two-bedroom apartment on the 12th floor of a 12-storey tower completed in 2022.

What is unit 1220 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 1220, Executive Residences 2 at Park Ridge

Starts from the last sale price (AED 2.4M, 12 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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