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3-bed · 1,575 sqftExecutive Residences 2 at Park Ridge, Dubai Hills Estate · 4th floor · completed 2022

427, Executive Residences 2 at Park Ridge

Sold prices and rental history: sold once, by the developer in November 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 427 · DLD and Ejari recordsUpdated 10 November 2023
Last soldAED 2.57M25 November 2021
Current rentAED 223K /yr10 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 427, Executive Residences 2 at Park Ridge

What is 427 worth today?

Last sold for AED 2,573,888 in 2021

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10 Nov 2023RentedRenewal
AED 223,000/yr12 months · AED 142 per sqft
10 Nov 2022RentedNew contract
AED 223,000/yr12 months · AED 142 per sqft
25 Nov 2021Sold by developerOff-plan
AED 2,573,888AED 1,634 per sqft

Source: Dubai Land Department. Updated 10 November 2023.

Key facts

Type
3-bed apartment
Size
1,575 sqft
Floor
4th of 12
Parking
B2-2070
Developer
Dubai Hills Estate
Completed
2022
Last sold
AED 2.57M · November 2021
Building
Executive Residences 2 at Park Ridge

About 427, Executive Residences 2 at Park Ridge

427 is a three-bedroom apartment of 1,575 sqft on the 4th 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 25 November 2021 for AED 2,573,888, or AED 1,634 per sqft, in line with the AED 1,627 three-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 10 November 2023, is AED 223,000 a year: a gross yield of 8.7% on the 2021 price.

Sales and rents for 427 over time

Sales
Unit 427, each saleTypical three-bed in Executive Residences 2 at Park Ridge
4M2020202220242026Typical sale price by year: 2020 AED 2,596,888; 2021 AED 2,575,888; 2022 AED 2,998,388; 2023 AED 3,500,000; 2024 AED 3,850,000; 2025 AED 4,800,000; 2026 AED 4,525,000Sold by developer, November 2021: AED 2,573,888 (AED 1,634 per sqft)

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

Rents
Unit 427, each contractTypical three-bed in Executive Residences 2 at Park Ridge
220K240K202220242026Typical rent by year: 2022 AED 216,750; 2023 AED 220,000; 2024 AED 231,000; 2025 AED 245,000; 2026 AED 247,500New contract, November 2022: AED 223,000 a yearRenewal, November 2023: AED 223,000 a year

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

3-beds in Executive Residences 2 at Park Ridge, and where 427 sits

All 31 3-beds →

427 last sold in November 2021 at AED 1,634 per sqft, in line with what three-beds in Executive Residences 2 at Park Ridge were fetching at the time (AED 1,627). Over the last 12 months three-beds sold for AED 3,900,000 to 4,975,000, around AED 2,224 per sqft, and rent for AED 210,000 to 380,000 a year. 427's AED 223,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
17 Sep 20264,850,000
12 Feb 20264,750,000
2 Feb 20264,300,000
18 Jan 20263,900,000
5 3-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 →

Other units on the 4th floor

All 381 units in Executive Residences 2 at Park Ridge
Value
4012-bedAED 1.58M · Nov 2021
4022-bedAED 1.59M · Nov 2021
4032-bedAED 3.3M · Dec 2025
4042-bedAED 3.35M · Jul 2025
4052-bedAED 1.55M · Mar 2020
4062-bedAED 1.58M · Nov 2021
4072-bedAED 3.15M · Sep 2024
1–7 of 30

427, Executive Residences 2 at Park Ridge in numbers

  • Sold once: by Dubai Hills Estate on 25 November 2021 for AED 2,573,888, or AED 1,634 per sqft.
  • Rented since November 2022 on 2 Ejari contracts, at AED 223,000 a year.
  • At AED 223,000 a year the gross yield on the 2021 price is 8.7%.
  • Three-beds in Executive Residences 2 at Park Ridge sold for AED 3,900,000–4,975,000 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 10 November 2023.

Questions about 427, Executive Residences 2 at Park Ridge

What did unit 427 last sell for?

AED 2,573,888 on 25 November 2021, sold by the developer: AED 1,634 per sqft for 1,575 sqft. It is the only registered sale of the unit.

What is the rent for unit 427?

AED 223,000 a year on the contract renewed on 10 November 2023. The previous contract, from November 2022, was AED 223,000.

How big is unit 427?

1,575 sqft (146.3 sqm): a three-bedroom apartment on the 4th floor of a 12-storey tower completed in 2022.

What is unit 427 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Executive Residences 2 at Park Ridge sold for AED 3,900,000 to 4,975,000 in the last 12 months, around AED 2,224 per sqft.

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Mortgage on 427, Executive Residences 2 at Park Ridge

Starts from the last sale price (AED 2.57M, 25 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,573,888
Deposit, UAE resident (20%)
AED 514,778
Deposit, non-resident (40%)
AED 1,029,555
Monthly over 25 years at 3.7%
AED 10,531

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