2-bed · 989 sqftExecutive Residences at Park Ridge, Dubai Hills Estate · 8th floor · completed 2022

817, Executive Residences at Park Ridge

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

Unit 817 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 1.67M31 August 2021
Current rentAED 170K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 817, Executive Residences at Park Ridge

What is 817 worth today?

Last sold for AED 1,668,888 in 2021

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1 Sep 2024RentedRenewal
AED 170,000/yr12 months · AED 172 per sqft
1 Sep 2023RentedRenewal
AED 155,000/yr12 months · AED 157 per sqft
1 Sep 2022RentedNew contract
AED 140,000/yr12 months · AED 141 per sqft
31 Aug 2021Sold by developerOff-plan
AED 1,668,888AED 1,686 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed apartment
Size
989 sqft
Floor
8th of 9
Parking
B1-1423
Developer
Dubai Hills Estate
Completed
2022
Last sold
AED 1.67M · August 2021

About 817, Executive Residences at Park Ridge

817 is a two-bedroom apartment of 989 sqft on the 8th floor of Executive Residences at Park Ridge, a 9-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. The developer sold it on 31 August 2021 for AED 1,668,888, or AED 1,686 per sqft, in line with the AED 1,640 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 170,000 a year: a gross yield of 10.2% on the 2021 price.

Sales and rents for 817 over time

Sales
Unit 817, each saleTypical two-bed in Executive Residences at Park Ridge
2M3M20192021202320252027Typical sale price by year: 2019 AED 1,612,388; 2020 AED 1,578,888; 2021 AED 1,652,888; 2022 AED 1,583,888; 2023 AED 2,200,000; 2024 AED 2,450,000; 2025 AED 3,118,000; 2026 AED 2,262,500Sold by developer, August 2021: AED 1,668,888 (AED 1,686 per sqft)

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

Rents
Unit 817, each contractTypical two-bed in Executive Residences at Park Ridge
140K160K202220242026Typical rent by year: 2022 AED 130,000; 2023 AED 150,000; 2024 AED 158,750; 2025 AED 160,000; 2026 AED 150,000New contract, September 2022: AED 140,000 a yearRenewal, September 2023: AED 155,000 a yearRenewal, September 2024: AED 170,000 a year

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 at Park Ridge, and where 817 sits

All 95 2-beds →

817 last sold in August 2021 at AED 1,686 per sqft, in line with what two-beds in Executive Residences at Park Ridge were fetching at the time (AED 1,640). Over the last 12 months two-beds sold for AED 2,180,000 to 4,060,000, around AED 2,262 per sqft, and rent for AED 120,000 to 220,000 a year. 817's AED 170,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Oct 20262,180,000
18 Jun 20262,200,000
13 Feb 20262,325,000
12 Jan 20264,060,000
4 2-bed sales in the last 12 months

Executive Residences at Park Ridge

Building

194 apartments, 1-bed to 3-bed over 9 floors in Dubai Hills Estate, completed in 2022 by Dubai Hills Estate. 13 sold in the last 12 months.

Typical price per sqft
AED 2,324 Down 3.1%
Typical sale
AED 1.83M
Typical rent
AED 125K /yr
Typical yield
5.9%
Executive Residences at Park Ridge, Dubai Hills Estate: prices, sales and rents →
Value
8011-bedAED 1.13M · Jun 2021
8022-bedAED 2.37M · Jun 2023
8033-bedAED 4M · Oct 2023
8042-bedAED 1.88M · Mar 2023
8052-bedAED 1.49M · Jun 2019
8062-bedAED 1.4M · Oct 2022
8072-bedAED 2.3M · Oct 2023
1–7 of 17

817, Executive Residences at Park Ridge in numbers

  • Sold once: by Dubai Hills Estate on 31 August 2021 for AED 1,668,888, or AED 1,686 per sqft.
  • Rented since September 2022 on 3 Ejari contracts, from AED 140,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2021 price is 10.2%.
  • Two-beds in Executive Residences at Park Ridge sold for AED 2,180,000–4,060,000 in the 12 months to November 2026; the building's median across all types is AED 2,324 per sqft.

Source: Dubai Land Department. Updated 1 September 2024.

Questions about 817, Executive Residences at Park Ridge

What did unit 817 last sell for?

AED 1,668,888 on 31 August 2021, sold by the developer: AED 1,686 per sqft for 989 sqft. It is the only registered sale of the unit.

What is the rent for unit 817?

AED 170,000 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 155,000; the unit has been rented since September 2022.

How big is unit 817?

989 sqft (91.9 sqm): a two-bedroom apartment on the 8th floor of a 9-storey tower completed in 2022.

What is unit 817 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 at Park Ridge sold for AED 2,180,000 to 4,060,000 in the last 12 months, around AED 2,262 per sqft.

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Mortgage on 817, Executive Residences at Park Ridge

Starts from the last sale price (AED 1.67M, 31 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,668,888
Deposit, UAE resident (20%)
AED 333,778
Deposit, non-resident (40%)
AED 667,555
Monthly over 25 years at 3.7%
AED 6,828

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