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2-bed · 997 sqftExecutive Residences 2 at Park Ridge, Dubai Hills Estate · 7th floor · completed 2022

702, 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 702 · DLD and Ejari recordsUpdated 23 November 2022
Last soldAED 1.8M23 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Executive Residences 2 at Park Ridge

What is 702 worth today?

Last sold for AED 1,800,000 in 2022

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23 Nov 2022SoldReady
AED 1,800,000AED 1,804 per sqft
25 Nov 2021Sold by developerOff-plan
AED 1,535,892AED 1,540 per sqft

Source: Dubai Land Department. Updated 23 November 2022.

Key facts

Type
2-bed apartment
Size
997 sqft
Floor
7th of 12
Parking
B2-2529
Developer
Dubai Hills Estate
Completed
2022
Last sold
AED 1.8M · November 2022
Building
Executive Residences 2 at Park Ridge

About 702, Executive Residences 2 at Park Ridge

702 is a two-bedroom apartment of 997 sqft on the 7th 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 23 November 2022 for AED 1,800,000, or AED 1,804 per sqft, 13% above the AED 1,591 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 702 over time

Sales
Unit 702, 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, November 2021: AED 1,535,892 (AED 1,540 per sqft)Sold, November 2022: AED 1,800,000 (AED 1,804 per sqft)

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

Rents
Unit 702, 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 702 sits

All 174 2-beds →

702 last sold in November 2022 at AED 1,804 per sqft, 13% above what two-beds in Executive Residences 2 at Park Ridge were fetching at the time (AED 1,591). 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 118K /yr
Typical yield
6.0%
Executive Residences 2 at Park Ridge, Dubai Hills Estate: prices, sales and rents →

Other units on the 7th floor

All 381 units in Executive Residences 2 at Park Ridge
Value
7012-bedAED 2.45M · Dec 2023
7032-bedAED 2.14M · Oct 2021
7042-bedAED 1.9M · Aug 2022
7052-bedAED 1.55M · Jun 2022
7062-bedAED 1.57M · Jul 2022
7072-bedAED 1.86M · Nov 2022
7081-bedAED 1.07M · Dec 2021
1–7 of 30

702, Executive Residences 2 at Park Ridge in numbers

  • Sold twice: first on 25 November 2021 for AED 1,535,892, last on 23 November 2022 for AED 1,800,000 (AED 1,804 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 23 November 2022.

Questions about 702, Executive Residences 2 at Park Ridge

What did unit 702 last sell for?

AED 1,800,000 on 23 November 2022: AED 1,804 per sqft for 997 sqft. The unit has 2 registered sales; the first was AED 1,535,892 in November 2021.

How big is unit 702?

997 sqft (92.6 sqm): a two-bedroom apartment on the 7th floor of a 12-storey tower completed in 2022.

What is unit 702 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 702, Executive Residences 2 at Park Ridge

Starts from the last sale price (AED 1.8M, 23 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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