Home
Dubai prices
About
Research
2-bed · 960 sqftPark Heights 1, Dubai Hills Estate · completed 2020

1010, Park Heights 1

Sold prices and rental history: sold twice, last in September 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1010 · DLD and Ejari recordsUpdated 2 September 2024
Last soldAED 2.04M2 September 2024
Current rentAED 66K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1010

Property timeline for 1010, Park Heights 1

What is 1010 worth today?

Last sold for AED 2,040,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

2 Sep 2024SoldReady
AED 2,040,000AED 2,126 per sqft
1 Feb 2023RentedRenewal
AED 65,784/yr10 months · AED 69 per sqft
1 Feb 2022RentedRenewal
AED 66,000/yr12 months · AED 69 per sqft
1 Feb 2021RentedNew contract
AED 62,000/yr12 months · AED 65 per sqft
4 Jul 2017Sold by developerOff-plan
AED 1,247,888AED 1,300 per sqft

Source: Dubai Land Department. Updated 2 September 2024.

Key facts

Type
2-bed apartment
Size
960 sqft
Parking
PH1-G-25
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 24,600 /yr
Last sold
AED 2.04M · September 2024
Building
Park Heights 1

About 1010, Park Heights 1

1010 is a two-bedroom apartment of 960 sqft of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 2 September 2024 for AED 2,040,000, or AED 2,126 per sqft, 10% above the AED 1,939 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 65,784 a year: a gross yield of 3.2% on the 2024 price, before the service charge of about AED 24,600 a year.

Sales and rents for 1010 over time

Sales
Unit 1010, each saleTypical two-bed in Park Heights 1
1M1.5M2M2017202020232026Typical 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 1,247,888 (AED 1,300 per sqft)Sold, September 2024: AED 2,040,000 (AED 2,126 per sqft)

1010 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1010, 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, February 2021: AED 62,000 a yearRenewal, February 2022: AED 66,000 a yearRenewal, February 2023: AED 65,784 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 1010 sits

All 90 2-beds →

1010 last sold in September 2024 at AED 2,126 per sqft, 10% above what two-beds in Park Heights 1 were fetching at the time (AED 1,939). 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. 1010's AED 65,784 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 →

1010, Park Heights 1 in numbers

  • Sold twice: first on 4 July 2017 for AED 1,247,888, last on 2 September 2024 for AED 2,040,000 (AED 2,126 per sqft).
  • Rented since February 2021 on 3 Ejari contracts, from AED 62,000 to AED 65,784 a year.
  • At AED 65,784 a year the gross yield on the 2024 price is 3.2%, 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 2 September 2024.

Questions about 1010, Park Heights 1

What did unit 1010 last sell for?

AED 2,040,000 on 2 September 2024: AED 2,126 per sqft for 960 sqft. The unit has 2 registered sales; the first was AED 1,247,888 in July 2017.

What is the rent for unit 1010?

AED 65,784 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 66,000; the unit has been rented since February 2021.

How big is unit 1010?

960 sqft (89.2 sqm): a two-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 1010 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.

Selling 1010? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1010, Park Heights 1

Starts from the last sale price (AED 2.04M, 2 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,040,000
Deposit, UAE resident (20%)
AED 408,000
Deposit, non-resident (40%)
AED 816,000
Monthly over 25 years at 3.7%
AED 8,346

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