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1-bed · 646 sqftPark Heights 1, Dubai Hills Estate · completed 2020

109, Park Heights 1

Sold prices and rental history: sold once, by the developer in December 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 109 · DLD and Ejari recordsUpdated 25 February 2024
Last soldAED 846K26 December 2018
Current rentAED 53K /yr25 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 109, Park Heights 1

What is 109 worth today?

Last sold for AED 845,888 in 2018

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25 Feb 2024RentedRenewal
AED 52,500/yr12 months · AED 81 per sqft
25 Feb 2023RentedRenewal
AED 50,000/yr12 months · AED 77 per sqft
25 Feb 2022RentedNew contract
AED 50,000/yr12 months · AED 77 per sqft
26 Dec 2018Sold by developerOff-plan
AED 845,888AED 1,310 per sqft

Source: Dubai Land Department. Updated 25 February 2024.

Key facts

Type
1-bed apartment
Size
646 sqft
Parking
PH2-G-01
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 846K · December 2018
Building
Park Heights 1

About 109, Park Heights 1

109 is a one-bedroom apartment of 646 sqft of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. The developer sold it on 26 December 2018 for AED 845,888, or AED 1,310 per sqft, in line with the AED 1,333 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 25 February 2024, is AED 52,500 a year: a gross yield of 6.2% on the 2018 price, before the service charge of about AED 16,600 a year.

Sales and rents for 109 over time

Sales
Unit 109, each saleTypical one-bed in Park Heights 1
1M1.5M2017202020232026Typical sale price by year: 2017 AED 863,888; 2018 AED 862,888; 2019 AED 864,070; 2020 AED 868,888; 2021 AED 750,000; 2022 AED 917,500; 2023 AED 1,111,000; 2024 AED 1,300,000; 2025 AED 1,387,500; 2026 AED 1,360,000Sold by developer, December 2018: AED 845,888 (AED 1,310 per sqft)

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

Rents
Unit 109, each contractTypical one-bed in Park Heights 1
50K75K2020202220242026Typical rent by year: 2020 AED 44,000; 2021 AED 41,884; 2022 AED 48,000; 2023 AED 67,425; 2024 AED 80,000; 2025 AED 88,000; 2026 AED 82,750New contract, February 2022: AED 50,000 a yearRenewal, February 2023: AED 50,000 a yearRenewal, February 2024: AED 52,500 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Park Heights 1, and where 109 sits

All 144 1-beds →

109 last sold in December 2018 at AED 1,310 per sqft, in line with what one-beds in Park Heights 1 were fetching at the time (AED 1,333). Over the last 12 months one-beds sold for AED 1,250,000 to 1,490,000, around AED 2,100 per sqft, and rent for AED 65,000 to 135,000 a year. 109's AED 52,500 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Oct 20261,250,000
3 Jun 20261,360,000
2 Jun 20261,350,000
9 Mar 20261,490,000
10 1-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 →

109, Park Heights 1 in numbers

  • Sold once: by Dubai Hills Estate on 26 December 2018 for AED 845,888, or AED 1,310 per sqft.
  • Rented since February 2022 on 3 Ejari contracts, from AED 50,000 to AED 52,500 a year.
  • At AED 52,500 a year the gross yield on the 2018 price is 6.2%, before a service charge of about AED 16,600 a year (AED 25.65 per sqft).
  • One-beds in Park Heights 1 sold for AED 1,250,000–1,490,000 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 25 February 2024.

Questions about 109, Park Heights 1

What did unit 109 last sell for?

AED 845,888 on 26 December 2018, sold by the developer: AED 1,310 per sqft for 646 sqft. It is the only registered sale of the unit.

What is the rent for unit 109?

AED 52,500 a year on the contract renewed on 25 February 2024. The previous contract, from February 2023, was AED 50,000; the unit has been rented since February 2022.

How big is unit 109?

646 sqft (60.0 sqm): a one-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 109 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Heights 1 sold for AED 1,250,000 to 1,490,000 in the last 12 months, around AED 2,100 per sqft.

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Mortgage on 109, Park Heights 1

Starts from the last sale price (AED 846K, 26 December 2018). Switch to today's estimate once you have unlocked it.
Price
AED 845,888
Deposit, UAE resident (20%)
AED 169,178
Deposit, non-resident (40%)
AED 338,355
Monthly over 25 years at 3.7%
AED 3,461

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