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3-bed · 1,610 sqftPark Heights 1, Dubai Hills Estate · completed 2020

1113, Park Heights 1

Sold prices and rental history: sold twice, last in December 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1113 · DLD and Ejari recordsUpdated 20 December 2023
Last soldAED 2.55M20 December 2023
Current rentAED 90K /yr20 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1113, Park Heights 1

What is 1113 worth today?

Last sold for AED 2,550,000 in 2023

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20 Dec 2023SoldReady
AED 2,550,000AED 1,583 per sqft
20 Jan 2023RentedRenewal
AED 90,000/yr12 months · AED 56 per sqft
20 Jan 2022RentedRenewal
AED 90,000/yr12 months · AED 56 per sqft
20 Jan 2021RentedNew contract
AED 90,000/yr12 months · AED 56 per sqft
17 May 2018Sold by developerOff-plan
AED 2,026,888AED 1,258 per sqft

Source: Dubai Land Department. Updated 20 December 2023.

Key facts

Type
3-bed apartment
Size
1,610 sqft
Parking
PH1-B-152, PH1-B-T03
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 41,300 /yr
Last sold
AED 2.55M · December 2023
Building
Park Heights 1

About 1113, Park Heights 1

1113 is a three-bedroom apartment of 1,610 sqft of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 20 December 2023 for AED 2,550,000, or AED 1,583 per sqft.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 20 January 2023, is AED 90,000 a year: a gross yield of 3.5% on the 2023 price, before the service charge of about AED 41,300 a year.

Sales and rents for 1113 over time

Sales
Unit 1113, each saleTypical three-bed in Park Heights 1
2M2.5M3M2017202020232026Typical sale price by year: 2017 AED 2,137,888; 2018 AED 2,117,388; 2019 AED 2,108,888; 2021 AED 2,176,888; 2022 AED 2,203,388; 2024 AED 2,740,000; 2025 AED 3,050,000; 2026 AED 3,050,000Sold by developer, May 2018: AED 2,026,888 (AED 1,258 per sqft)Sold, December 2023: AED 2,550,000 (AED 1,583 per sqft)

1113 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1113, each contractTypical three-bed in Park Heights 1
100K200K2021202320252027Typical rent by year: 2021 AED 100,000; 2022 AED 150,000; 2023 AED 170,000; 2024 AED 189,286; 2025 AED 208,000; 2026 AED 200,000New contract, January 2021: AED 90,000 a yearRenewal, January 2022: AED 90,000 a yearRenewal, January 2023: AED 90,000 a year

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

3-beds in Park Heights 1, and where 1113 sits

All 36 3-beds →

Over the last 12 months three-beds sold for AED 1,625,572 to 3,200,000, around AED 1,954 per sqft, and rent for AED 170,000 to 247,500 a year. 1113's AED 90,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
14 Jul 20262,900,000
7 May 20263,050,000
1 Apr 20263,200,000
6 Mar 20263,150,000
7 3-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 →

1113, Park Heights 1 in numbers

  • Sold twice: first on 17 May 2018 for AED 2,026,888, last on 20 December 2023 for AED 2,550,000 (AED 1,583 per sqft).
  • Rented since January 2021 on 3 Ejari contracts, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2023 price is 3.5%, before a service charge of about AED 41,300 a year (AED 25.65 per sqft).
  • Three-beds in Park Heights 1 sold for AED 1,625,572–3,200,000 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 20 December 2023.

Questions about 1113, Park Heights 1

What did unit 1113 last sell for?

AED 2,550,000 on 20 December 2023: AED 1,583 per sqft for 1,610 sqft. The unit has 2 registered sales; the first was AED 2,026,888 in May 2018.

What is the rent for unit 1113?

AED 90,000 a year on the contract renewed on 20 January 2023. The previous contract, from January 2022, was AED 90,000; the unit has been rented since January 2021.

How big is unit 1113?

1,610 sqft (149.6 sqm): a three-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 1113 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Park Heights 1 sold for AED 1,625,572 to 3,200,000 in the last 12 months, around AED 1,954 per sqft.

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Mortgage on 1113, Park Heights 1

Starts from the last sale price (AED 2.55M, 20 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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