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2-bed · 957 sqftPark Heights 1, Dubai Hills Estate · completed 2020

1003, Park Heights 1

Sold prices and rental history: sold 3 times, last in March 2022, and rented once, from January 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 24 March 2022
Last soldAED 1.27M24 March 2022
Current rentAED 58K /yr15 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1003, Park Heights 1

What is 1003 worth today?

Last sold for AED 1,270,000 in 2022

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24 Mar 2022SoldReady
AED 1,270,000AED 1,326 per sqft
13 Jun 2021SoldReady
AED 960,000AED 1,002 per sqft
15 Jan 2021RentedNew contract
AED 58,000/yr12 months · AED 61 per sqft
6 Jul 2017Sold by developerOff-plan
AED 1,248,888AED 1,304 per sqft

Source: Dubai Land Department. Updated 24 March 2022.

Key facts

Type
2-bed apartment
Size
957 sqft
Parking
PH1-G-24
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 24,600 /yr
Last sold
AED 1.27M · March 2022
Building
Park Heights 1

About 1003, Park Heights 1

1003 is a two-bedroom apartment of 957 sqft of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 24 March 2022 for AED 1,270,000, or AED 1,326 per sqft, in line with the AED 1,322 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 January 2021. The current contract, signed on 15 January 2021, is AED 58,000 a year: a gross yield of 4.6% on the 2022 price, before the service charge of about AED 24,600 a year.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical two-bed in Park Heights 1
1M2M2017202020232026Typical sale price by year: 2017 AED 1,255,888; 2018 AED 1,266,888; 2019 AED 1,263,888; 2021 AED 1,190,000; 2022 AED 1,372,944; 2023 AED 1,775,000; 2024 AED 2,100,000; 2025 AED 2,255,000; 2026 AED 2,150,000Sold by developer, July 2017: AED 1,248,888 (AED 1,304 per sqft)Sold, June 2021: AED 960,000 (AED 1,002 per sqft)Sold, March 2022: AED 1,270,000 (AED 1,326 per sqft)

1003 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1003, each contractTypical two-bed in Park Heights 1
50K100K2020202220242026Typical rent by year: 2020 AED 64,000; 2021 AED 61,500; 2022 AED 72,500; 2023 AED 95,000; 2024 AED 130,000; 2025 AED 131,250; 2026 AED 124,000New contract, January 2021: AED 58,000 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 Park Heights 1, and where 1003 sits

All 90 2-beds →

1003 last sold in March 2022 at AED 1,326 per sqft, in line with what two-beds in Park Heights 1 were fetching at the time (AED 1,322). Over the last 12 months two-beds sold for AED 2,012,755 to 2,340,000, around AED 2,146 per sqft, and rent for AED 90,587 to 180,000 a year. 1003's AED 58,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Oct 20262,025,000
25 Sep 20262,012,755
5 Aug 20262,050,000
6 Apr 20262,250,000
8 2-bed sales in the last 12 months

Park Heights 1

Building

44 apartments, 1-bed to 3-bed over 18 floors in Dubai Hills Estate, completed in 2020 by Dubai Hills Estate. 25 sold in the last 12 months.

Typical price per sqft
AED 2,091 Down 1.8%
Typical sale
AED 2.03M
Typical rent
AED 93K /yr
Typical yield
6.2%
Park Heights 1, Dubai Hills Estate: prices, sales and rents →

1003, Park Heights 1 in numbers

  • Sold 3 times: first on 6 July 2017 for AED 1,248,888, last on 24 March 2022 for AED 1,270,000 (AED 1,326 per sqft).
  • Rented since January 2021 on one Ejari contract, at AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2022 price is 4.6%, before a service charge of about AED 24,600 a year (AED 25.65 per sqft).
  • Two-beds in Park Heights 1 sold for AED 2,012,755–2,340,000 in the 12 months to November 2026; the building's median across all types is AED 2,091 per sqft.

Source: Dubai Land Department. Updated 24 March 2022.

Questions about 1003, Park Heights 1

What did unit 1003 last sell for?

AED 1,270,000 on 24 March 2022: AED 1,326 per sqft for 957 sqft. The unit has 3 registered sales; the first was AED 1,248,888 in July 2017.

What is the rent for unit 1003?

AED 58,000 a year on the contract signed on 15 January 2021.

How big is unit 1003?

957 sqft (88.9 sqm): a two-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 1003 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Heights 1 sold for AED 2,012,755 to 2,340,000 in the last 12 months, around AED 2,146 per sqft.

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Mortgage on 1003, Park Heights 1

Starts from the last sale price (AED 1.27M, 24 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,270,000
Deposit, UAE resident (20%)
AED 254,000
Deposit, non-resident (40%)
AED 508,000
Monthly over 25 years at 3.7%
AED 5,196

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