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2-bed · 956 sqftPark Heights 1, Dubai Hills Estate · completed 2020

1515, 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 1515 · DLD and Ejari recordsUpdated 14 August 2026
Last soldAED 1.26M3 May 2018
Current rentAED 110K /yr14 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1515, Park Heights 1

What is 1515 worth today?

Last sold for AED 1,258,888 in 2018

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14 Aug 2026RentedNew contract
AED 110,000/yr12 months · AED 115 per sqft
10 Aug 2025RentedNew contract
AED 128,000/yr12 months · AED 134 per sqft
1 Jun 2023RentedNew contract
AED 100,000/yr12 months · AED 104 per sqft
1 Jun 2022RentedNew contract
AED 90,000/yr12 months · AED 94 per sqft
29 Aug 2021RentedNew contract
AED 70,000/yr12 months · AED 73 per sqft
3 May 2018Sold by developerOff-plan
AED 1,258,888AED 1,316 per sqft

Source: Dubai Land Department. Updated 14 August 2026.

Key facts

Type
2-bed apartment
Size
956 sqft
Parking
PH1-B-50
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 24,500 /yr
Last sold
AED 1.26M · May 2018
Building
Park Heights 1

About 1515, Park Heights 1

1515 is a two-bedroom apartment of 956 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 1,258,888, or AED 1,316 per sqft, in line with the AED 1,285 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 14 August 2026, is AED 110,000 a year: a gross yield of 8.7% on the 2018 price, before the service charge of about AED 24,500 a year.

Sales and rents for 1515 over time

Sales
Unit 1515, 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 1,258,888 (AED 1,316 per sqft)

1515 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1515, each contractTypical two-bed in Park Heights 1
50K100K2020202220242026Typical 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 70,000 a yearNew contract, June 2022: AED 90,000 a yearNew contract, June 2023: AED 100,000 a yearNew contract, August 2025: AED 128,000 a yearNew contract, August 2026: AED 110,000 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 1515 sits

All 90 2-beds →

1515 last sold in May 2018 at AED 1,316 per sqft, in line with 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. 1515's AED 110,000 is in the lower 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 →

1515, Park Heights 1 in numbers

  • Sold once: by Dubai Hills Estate on 3 May 2018 for AED 1,258,888, or AED 1,316 per sqft.
  • Rented since August 2021 on 5 Ejari contracts, from AED 70,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2018 price is 8.7%, before a service charge of about AED 24,500 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 14 August 2026.

Questions about 1515, Park Heights 1

What did unit 1515 last sell for?

AED 1,258,888 on 3 May 2018, sold by the developer: AED 1,316 per sqft for 956 sqft. It is the only registered sale of the unit.

What is the rent for unit 1515?

AED 110,000 a year on the contract signed on 14 August 2026. The previous contract, from August 2025, was AED 128,000; the unit has been rented since August 2021.

How big is unit 1515?

956 sqft (88.8 sqm): a two-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 1515 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 1515, Park Heights 1

Starts from the last sale price (AED 1.26M, 3 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,258,888
Deposit, UAE resident (20%)
AED 251,778
Deposit, non-resident (40%)
AED 503,555
Monthly over 25 years at 3.7%
AED 5,150

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