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

1109, Park Heights 1

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

Unit 1109 · DLD and Ejari recordsUpdated 6 June 2024
Last soldAED 1.2M6 June 2024
Current rentAED 57K /yr16 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1109, Park Heights 1

What is 1109 worth today?

Last sold for AED 1,200,000 in 2024

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6 Jun 2024SoldReady
AED 1,200,000AED 1,858 per sqft
16 Mar 2024RentedRenewal
AED 56,700/yr12 months · AED 88 per sqft
16 Mar 2023RentedRenewal
AED 54,000/yr12 months · AED 84 per sqft
16 Mar 2022RentedRenewal
AED 45,000/yr12 months · AED 70 per sqft
16 Mar 2021RentedNew contract
AED 41,000/yr12 months · AED 63 per sqft
5 Apr 2018Sold by developerOff-plan
AED 862,888AED 1,336 per sqft

Source: Dubai Land Department. Updated 6 June 2024.

Key facts

Type
1-bed apartment
Size
646 sqft
Parking
PH1-B-41
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 1.2M · June 2024
Building
Park Heights 1

About 1109, Park Heights 1

1109 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. It last sold on 6 June 2024 for AED 1,200,000, or AED 1,858 per sqft, in line with the AED 1,858 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 16 March 2024, is AED 56,700 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 16,600 a year.

Sales and rents for 1109 over time

Sales
Unit 1109, 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, April 2018: AED 862,888 (AED 1,336 per sqft)Sold, June 2024: AED 1,200,000 (AED 1,858 per sqft)

1109 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1109, 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, March 2021: AED 41,000 a yearRenewal, March 2022: AED 45,000 a yearRenewal, March 2023: AED 54,000 a yearRenewal, March 2024: AED 56,700 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 1109 sits

All 144 1-beds →

1109 last sold in June 2024 at AED 1,858 per sqft, in line with what one-beds in Park Heights 1 were fetching at the time (AED 1,858). 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. 1109's AED 56,700 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 →

1109, Park Heights 1 in numbers

  • Sold twice: first on 5 April 2018 for AED 862,888, last on 6 June 2024 for AED 1,200,000 (AED 1,858 per sqft).
  • Rented since March 2021 on 4 Ejari contracts, from AED 41,000 to AED 56,700 a year.
  • At AED 56,700 a year the gross yield on the 2024 price is 4.7%, 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 6 June 2024.

Questions about 1109, Park Heights 1

What did unit 1109 last sell for?

AED 1,200,000 on 6 June 2024: AED 1,858 per sqft for 646 sqft. The unit has 2 registered sales; the first was AED 862,888 in April 2018.

What is the rent for unit 1109?

AED 56,700 a year on the contract renewed on 16 March 2024. The previous contract, from March 2023, was AED 54,000; the unit has been rented since March 2021.

How big is unit 1109?

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

What is unit 1109 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 1109, Park Heights 1

Starts from the last sale price (AED 1.2M, 6 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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