1-bed · 650 sqftExecutive Residences 2 at Park Ridge, Dubai Hills Estate · 2nd floor · completed 2022

217, Executive Residences 2 at Park Ridge

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

Unit 217 · DLD and Ejari recordsUpdated 24 October 2024
Last soldAED 1.61M24 October 2024
Current rentAED 79K /yr5 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 217, Executive Residences 2 at Park Ridge

What is 217 worth today?

Last sold for AED 1,610,000 in 2024

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24 Oct 2024SoldReady
AED 1,610,000AED 2,478 per sqft
5 Oct 2023RentedRenewal
AED 78,750/yr12 months · AED 121 per sqft
5 Oct 2022RentedNew contract
AED 75,000/yr12 months · AED 115 per sqft
4 Mar 2022Sold by developerOff-plan
AED 1,176,888AED 1,811 per sqft

Source: Dubai Land Department. Updated 24 October 2024.

Key facts

Type
1-bed apartment
Size
650 sqft
Floor
2nd of 12
Parking
B2-2169
Developer
Dubai Hills Estate
Completed
2022
Last sold
AED 1.61M · October 2024

About 217, Executive Residences 2 at Park Ridge

217 is a one-bedroom apartment of 650 sqft on the 2nd 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 24 October 2024 for AED 1,610,000, or AED 2,478 per sqft, 8% above the AED 2,304 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 5 October 2023, is AED 78,750 a year: a gross yield of 4.9% on the 2024 price.

Sales and rents for 217 over time

Sales
Unit 217, 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 2022: AED 1,176,888 (AED 1,811 per sqft)Sold, October 2024: AED 1,610,000 (AED 2,478 per sqft)

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

Rents
Unit 217, 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, October 2022: AED 75,000 a yearRenewal, October 2023: AED 78,750 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 217 sits

All 176 1-beds →

217 last sold in October 2024 at AED 2,478 per sqft, 8% above what one-beds in Executive Residences 2 at Park Ridge were fetching at the time (AED 2,304). 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. 217's AED 78,750 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
2012-bedAED 1.58M · Dec 2021
2022-bedAED 1.58M · Nov 2021
2032-bedAED 2.58M · Mar 2023
2042-bedAED 2.14M · Nov 2021
2052-bedAED 1.58M · Nov 2021
2062-bedAED 1.58M · May 2021
2072-bedAED 1.54M · Mar 2022
1–7 of 30

217, Executive Residences 2 at Park Ridge in numbers

  • Sold twice: first on 4 March 2022 for AED 1,176,888, last on 24 October 2024 for AED 1,610,000 (AED 2,478 per sqft).
  • Rented since October 2022 on 2 Ejari contracts, from AED 75,000 to AED 78,750 a year.
  • At AED 78,750 a year the gross yield on the 2024 price is 4.9%.
  • 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 24 October 2024.

Questions about 217, Executive Residences 2 at Park Ridge

What did unit 217 last sell for?

AED 1,610,000 on 24 October 2024: AED 2,478 per sqft for 650 sqft. The unit has 2 registered sales; the first was AED 1,176,888 in March 2022.

What is the rent for unit 217?

AED 78,750 a year on the contract renewed on 5 October 2023. The previous contract, from October 2022, was AED 75,000.

How big is unit 217?

650 sqft (60.4 sqm): a one-bedroom apartment on the 2nd floor of a 12-storey tower completed in 2022.

What is unit 217 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 217, Executive Residences 2 at Park Ridge

Starts from the last sale price (AED 1.61M, 24 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,610,000
Deposit, UAE resident (20%)
AED 322,000
Deposit, non-resident (40%)
AED 644,000
Monthly over 25 years at 3.7%
AED 6,587

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