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2-bed · 1,089 sqftPark Heights 1, Dubai Hills Estate · completed 2020

1512, Park Heights 1

Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1512 · DLD and Ejari recordsUpdated 12 April 2025
Last soldAED 1.3M3 May 2018
Current rentAED 145K /yr12 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1512, Park Heights 1

What is 1512 worth today?

Last sold for AED 1,301,888 in 2018

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12 Apr 2025RentedNew contract
AED 145,000/yr12 months · AED 133 per sqft
12 Apr 2025RentedNew contract
AED 145,000/yr12 months · AED 133 per sqft
16 Jun 2024RentedRenewal
AED 109,834/yr9 months · AED 101 per sqft
16 Jun 2023RentedRenewal
AED 100,000/yr12 months · AED 92 per sqft
16 Jun 2022RentedNew contract
AED 100,000/yr12 months · AED 92 per sqft
10 Aug 2021RentedNew contract
AED 75,000/yr12 months · AED 69 per sqft
3 May 2018Sold by developerOff-plan
AED 1,301,888AED 1,195 per sqft

Source: Dubai Land Department. Updated 12 April 2025.

Key facts

Type
2-bed apartment
Size
1,089 sqft
Parking
PH1-B-114
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 27,900 /yr
Last sold
AED 1.3M · May 2018
Building
Park Heights 1

About 1512, Park Heights 1

1512 is a two-bedroom apartment of 1,089 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 3 May 2018 for AED 1,301,888, or AED 1,195 per sqft, 7% below the AED 1,285 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 12 April 2025, is AED 145,000 a year: a gross yield of 11.1% on the 2018 price, before the service charge of about AED 27,900 a year.

Sales and rents for 1512 over time

Sales
Unit 1512, each saleTypical two-bed in Park Heights 1
1M1.5M2M2017202020232026Typical sale price by year: 2017 AED 1,255,888; 2018 AED 1,266,888; 2019 AED 1,263,888; 2021 AED 1,190,000; 2022 AED 1,372,944; 2023 AED 1,775,000; 2024 AED 2,100,000; 2025 AED 2,255,000; 2026 AED 2,150,000Sold by developer, May 2018: AED 1,301,888 (AED 1,195 per sqft)

1512 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1512, each contractTypical two-bed in Park Heights 1
50K100K150K2020202220242026Typical rent by year: 2020 AED 64,000; 2021 AED 61,500; 2022 AED 72,500; 2023 AED 95,000; 2024 AED 130,000; 2025 AED 131,250; 2026 AED 124,000New contract, August 2021: AED 75,000 a yearNew contract, June 2022: AED 100,000 a yearRenewal, June 2023: AED 100,000 a yearRenewal, June 2024: AED 109,834 a yearNew contract, April 2025: AED 145,000 a yearNew contract, April 2025: AED 145,000 a year

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

2-beds in Park Heights 1, and where 1512 sits

All 90 2-beds →

1512 last sold in May 2018 at AED 1,195 per sqft, 7% below what two-beds in Park Heights 1 were fetching at the time (AED 1,285). Over the last 12 months two-beds sold for AED 2,012,755 to 2,340,000, around AED 2,146 per sqft, and rent for AED 90,587 to 180,000 a year. 1512's AED 145,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Oct 20262,025,000
25 Sep 20262,012,755
5 Aug 20262,050,000
6 Apr 20262,250,000
8 2-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 →

1512, Park Heights 1 in numbers

  • Sold once: by Dubai Hills Estate on 3 May 2018 for AED 1,301,888, or AED 1,195 per sqft.
  • Rented since August 2021 on 6 Ejari contracts, from AED 75,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2018 price is 11.1%, before a service charge of about AED 27,900 a year (AED 25.65 per sqft).
  • Two-beds in Park Heights 1 sold for AED 2,012,755–2,340,000 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 12 April 2025.

Questions about 1512, Park Heights 1

What did unit 1512 last sell for?

AED 1,301,888 on 3 May 2018, sold by the developer: AED 1,195 per sqft for 1,089 sqft. It is the only registered sale of the unit.

What is the rent for unit 1512?

AED 145,000 a year on the contract signed on 12 April 2025. The previous contract, from April 2025, was AED 145,000; the unit has been rented since August 2021.

How big is unit 1512?

1,089 sqft (101.2 sqm): a two-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 1512 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Heights 1 sold for AED 2,012,755 to 2,340,000 in the last 12 months, around AED 2,146 per sqft.

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Mortgage on 1512, Park Heights 1

Starts from the last sale price (AED 1.3M, 3 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,301,888
Deposit, UAE resident (20%)
AED 260,378
Deposit, non-resident (40%)
AED 520,755
Monthly over 25 years at 3.7%
AED 5,326

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