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

223, Executive Residences 2 at Park Ridge

Sold prices and rental history: sold once, by the developer in June 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 223 · DLD and Ejari recordsUpdated 6 June 2022
Last soldAED 1.13M6 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 223, Executive Residences 2 at Park Ridge

What is 223 worth today?

Last sold for AED 1,129,888 in 2022

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6 Jun 2022Sold by developerOff-plan
AED 1,129,888AED 1,735 per sqft

Source: Dubai Land Department. Updated 6 June 2022.

Key facts

Type
1-bed apartment
Size
651 sqft
Floor
2nd of 12
Parking
G-018
Developer
Dubai Hills Estate
Completed
2022
Last sold
AED 1.13M · June 2022
Building
Executive Residences 2 at Park Ridge

About 223, Executive Residences 2 at Park Ridge

223 is a one-bedroom apartment of 651 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. The developer sold it on 6 June 2022 for AED 1,129,888, or AED 1,735 per sqft, in line with the AED 1,740 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 223 over time

Sales
Unit 223, 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, June 2022: AED 1,129,888 (AED 1,735 per sqft)

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

Rents
Unit 223, each contractTypical one-bed in Executive Residences 2 at Park Ridge
80K90K100K202220242026Typical rent by year: 2022 AED 80,000; 2023 AED 86,000; 2024 AED 90,000; 2025 AED 100,000; 2026 AED 92,500

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 223 sits

All 176 1-beds →

223 last sold in June 2022 at AED 1,735 per sqft, in line with what one-beds in Executive Residences 2 at Park Ridge were fetching at the time (AED 1,740). 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.

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 117K /yr
Typical yield
6.0%
Executive Residences 2 at Park Ridge, Dubai Hills Estate: prices, sales and rents →

Other units on the 2nd floor

All 381 units in Executive Residences 2 at Park Ridge
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

223, Executive Residences 2 at Park Ridge in numbers

  • Sold once: by Dubai Hills Estate on 6 June 2022 for AED 1,129,888, or AED 1,735 per sqft.
  • 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 6 June 2022.

Questions about 223, Executive Residences 2 at Park Ridge

What did unit 223 last sell for?

AED 1,129,888 on 6 June 2022, sold by the developer: AED 1,735 per sqft for 651 sqft. It is the only registered sale of the unit.

How big is unit 223?

651 sqft (60.5 sqm): a one-bedroom apartment on the 2nd floor of a 12-storey tower completed in 2022.

What is unit 223 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 223, Executive Residences 2 at Park Ridge

Starts from the last sale price (AED 1.13M, 6 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,129,888
Deposit, UAE resident (20%)
AED 225,978
Deposit, non-resident (40%)
AED 451,955
Monthly over 25 years at 3.7%
AED 4,623

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