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1-bed · 647 sqftExecutive Residences 2 at Park Ridge, Dubai Hills Estate · 5th floor · completed 2022

508, Executive Residences 2 at Park Ridge

Sold prices and rental history: sold twice, last in November 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 3 November 2022
Last soldAED 1.14M3 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Executive Residences 2 at Park Ridge

What is 508 worth today?

Last sold for AED 1,140,000 in 2022

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3 Nov 2022SoldReady
AED 1,140,000AED 1,761 per sqft
6 Oct 2020Sold by developerOff-plan
AED 1,068,888AED 1,651 per sqft

Source: Dubai Land Department. Updated 3 November 2022.

Key facts

Type
1-bed apartment
Size
647 sqft
Floor
5th of 12
Parking
B1-1292
Developer
Dubai Hills Estate
Completed
2022
Last sold
AED 1.14M · November 2022
Building
Executive Residences 2 at Park Ridge

About 508, Executive Residences 2 at Park Ridge

508 is a one-bedroom apartment of 647 sqft on the 5th 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 3 November 2022 for AED 1,140,000, or AED 1,761 per sqft, in line with the AED 1,739 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 508 over time

Sales
Unit 508, 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 2020: AED 1,068,888 (AED 1,651 per sqft)Sold, November 2022: AED 1,140,000 (AED 1,761 per sqft)

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

Rents
Unit 508, 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 94,500

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 508 sits

All 176 1-beds →

508 last sold in November 2022 at AED 1,761 per sqft, in line with what one-beds in Executive Residences 2 at Park Ridge were fetching at the time (AED 1,739). 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 118K /yr
Typical yield
6.0%
Executive Residences 2 at Park Ridge, Dubai Hills Estate: prices, sales and rents →

Other units on the 5th floor

All 381 units in Executive Residences 2 at Park Ridge
Value
5012-bedAED 2.3M · Sep 2023
5022-bedAED 1.59M · Nov 2021
5032-bedAED 3.5M · Nov 2025
5042-bedAED 3.15M · May 2024
5052-bedAED 2.55M · Oct 2026
5062-bedAED 2.55M · Mar 2024
5072-bedAED 1.55M · Nov 2021
1–7 of 30

508, Executive Residences 2 at Park Ridge in numbers

  • Sold twice: first on 6 October 2020 for AED 1,068,888, last on 3 November 2022 for AED 1,140,000 (AED 1,761 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 3 November 2022.

Questions about 508, Executive Residences 2 at Park Ridge

What did unit 508 last sell for?

AED 1,140,000 on 3 November 2022: AED 1,761 per sqft for 647 sqft. The unit has 2 registered sales; the first was AED 1,068,888 in October 2020.

How big is unit 508?

647 sqft (60.1 sqm): a one-bedroom apartment on the 5th floor of a 12-storey tower completed in 2022.

What is unit 508 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 508, Executive Residences 2 at Park Ridge

Starts from the last sale price (AED 1.14M, 3 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,140,000
Deposit, UAE resident (20%)
AED 228,000
Deposit, non-resident (40%)
AED 456,000
Monthly over 25 years at 3.7%
AED 4,664

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