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

1402, Park Heights 1

Sold prices and rental history: sold twice, last in August 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 25 April 2024
Last soldAED 950K18 August 2022
Current rentAED 85K /yr25 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1402, Park Heights 1

What is 1402 worth today?

Last sold for AED 950,000 in 2022

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25 Apr 2024RentedNew contract
AED 85,000/yr12 months · AED 132 per sqft
28 Mar 2023RentedNew contract
AED 75,000/yr12 months · AED 116 per sqft
18 Aug 2022SoldReady
AED 950,000AED 1,471 per sqft
15 Mar 2022RentedRenewal
AED 53,500/yr12 months · AED 84 per sqft
15 Mar 2021RentedNew contract
AED 50,000/yr12 months · AED 77 per sqft
19 Mar 2018Sold by developerOff-plan
AED 868,888AED 1,345 per sqft

Source: Dubai Land Department. Updated 25 April 2024.

Key facts

Type
1-bed apartment
Size
646 sqft
Parking
PH1-B-88
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 950K · August 2022
Building
Park Heights 1

About 1402, Park Heights 1

1402 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 18 August 2022 for AED 950,000, or AED 1,471 per sqft, 12% above the AED 1,317 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 25 April 2024, is AED 85,000 a year: a gross yield of 8.9% on the 2022 price, before the service charge of about AED 16,600 a year.

Sales and rents for 1402 over time

Sales
Unit 1402, 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, March 2018: AED 868,888 (AED 1,345 per sqft)Sold, August 2022: AED 950,000 (AED 1,471 per sqft)

1402 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1402, 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 50,000 a yearRenewal, March 2022: AED 53,500 a yearNew contract, March 2023: AED 75,000 a yearNew contract, April 2024: AED 85,000 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 1402 sits

All 144 1-beds →

1402 last sold in August 2022 at AED 1,471 per sqft, 12% above what one-beds in Park Heights 1 were fetching at the time (AED 1,317). 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. 1402's AED 85,000 is in the lower half 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 →

1402, Park Heights 1 in numbers

  • Sold twice: first on 19 March 2018 for AED 868,888, last on 18 August 2022 for AED 950,000 (AED 1,471 per sqft).
  • Rented since March 2021 on 4 Ejari contracts, from AED 50,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2022 price is 8.9%, 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 April 2024.

Questions about 1402, Park Heights 1

What did unit 1402 last sell for?

AED 950,000 on 18 August 2022: AED 1,471 per sqft for 646 sqft. The unit has 2 registered sales; the first was AED 868,888 in March 2018.

What is the rent for unit 1402?

AED 85,000 a year on the contract signed on 25 April 2024. The previous contract, from March 2023, was AED 75,000; the unit has been rented since March 2021.

How big is unit 1402?

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

What is unit 1402 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 1402, Park Heights 1

Starts from the last sale price (AED 950K, 18 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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