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

1413, Park Heights 1

Sold prices and rental history: sold 3 times, last in November 2022, and rented once, from April 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1413 · DLD and Ejari recordsUpdated 29 November 2022
Last soldAED 2.2M29 November 2022
Current rentAED 130K /yr1 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1413, Park Heights 1

What is 1413 worth today?

Last sold for AED 2,200,000 in 2022

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29 Nov 2022SoldReady
AED 2,200,000AED 1,366 per sqft
1 Apr 2022RentedNew contract
AED 130,000/yr12 months · AED 81 per sqft
10 Jan 2022SoldReady
AED 1,790,000AED 1,111 per sqft
4 Jul 2017Sold by developerOff-plan
AED 1,997,888AED 1,240 per sqft

Source: Dubai Land Department. Updated 29 November 2022.

Key facts

Type
3-bed apartment
Size
1,610 sqft
Parking
PH1-B-155, PH1-B-T06
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 41,300 /yr
Last sold
AED 2.2M · November 2022

About 1413, Park Heights 1

1413 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 29 November 2022 for AED 2,200,000, or AED 1,366 per sqft, in line with the AED 1,367 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2022. The current contract, signed on 1 April 2022, is AED 130,000 a year: a gross yield of 5.9% on the 2022 price, before the service charge of about AED 41,300 a year.

Sales and rents for 1413 over time

Sales
Unit 1413, each saleTypical three-bed in Park Heights 1
2M3M2017202020232026Typical 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, July 2017: AED 1,997,888 (AED 1,240 per sqft)Sold, January 2022: AED 1,790,000 (AED 1,111 per sqft)Sold, November 2022: AED 2,200,000 (AED 1,366 per sqft)

1413 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1413, each contractTypical three-bed in Park Heights 1
100K150K200K2021202320252027Typical 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, April 2022: AED 130,000 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 1413 sits

All 36 3-beds →

1413 last sold in November 2022 at AED 1,366 per sqft, in line with what three-beds in Park Heights 1 were fetching at the time (AED 1,367). 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. 1413's AED 130,000 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 →

1413, Park Heights 1 in numbers

  • Sold 3 times: first on 4 July 2017 for AED 1,997,888, last on 29 November 2022 for AED 2,200,000 (AED 1,366 per sqft).
  • Rented since April 2022 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2022 price is 5.9%, 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 29 November 2022.

Questions about 1413, Park Heights 1

What did unit 1413 last sell for?

AED 2,200,000 on 29 November 2022: AED 1,366 per sqft for 1,610 sqft. The unit has 3 registered sales; the first was AED 1,997,888 in July 2017.

What is the rent for unit 1413?

AED 130,000 a year on the contract signed on 1 April 2022.

How big is unit 1413?

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

What is unit 1413 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 1413, Park Heights 1

Starts from the last sale price (AED 2.2M, 29 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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