1602, Park Heights 1
Sold prices and rental history: sold once, by the developer in February 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Park Heights 1
What is 1602 worth today?
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Source: Dubai Land Department. Updated 15 April 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 645 sqft
- Parking
- PH1-B-231
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 16,500 /yr
- Last sold
- AED 873K · February 2019
- Building
- Park Heights 1
About 1602, Park Heights 1
1602 is a one-bedroom apartment of 645 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 12 February 2019 for AED 872,888, or AED 1,353 per sqft, in line with the AED 1,334 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 8 Ejari contracts. The current contract, renewed on 15 April 2026, is AED 90,000 a year: a gross yield of 10.3% on the 2019 price, before the service charge of about AED 16,500 a year.
Sales and rents for 1602 over time
1602 has sold once; the dashed line is the one-bed median of each year in the building.
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 1602 sits
All 144 1-beds →1602 last sold in February 2019 at AED 1,353 per sqft, in line with what one-beds in Park Heights 1 were fetching at the time (AED 1,334). 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. 1602's AED 90,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Oct 20269 October 2026 | 646 sqft | 1,250,000 | 1,936 | ||
| 3 Jun 20263 June 2026 | 646 sqft | 1,360,000 | 2,106 | ||
| 2 Jun 20262 June 2026 | 646 sqft | 1,350,000 | 2,091 | ||
| 9 Mar 20269 March 2026 | 646 sqft | 1,490,000 | 2,307 |
Park Heights 1
Building44 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%
1602, Park Heights 1 in numbers
- Sold once: by Dubai Hills Estate on 12 February 2019 for AED 872,888, or AED 1,353 per sqft.
- Rented since February 2021 on 8 Ejari contracts, from AED 42,000 to AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2019 price is 10.3%, before a service charge of about AED 16,500 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 15 April 2026.
Questions about 1602, Park Heights 1
What did unit 1602 last sell for?
AED 872,888 on 12 February 2019, sold by the developer: AED 1,353 per sqft for 645 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 90,000 a year on the contract renewed on 15 April 2026. The previous contract, from April 2026, was AED 68,000; the unit has been rented since February 2021.
How big is unit 1602?
645 sqft (59.9 sqm): a one-bedroom apartment of a 18-storey tower completed in 2020.
What is unit 1602 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 1602, Park Heights 1
Starts from the last sale price (AED 873K, 12 February 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 872,888
- Deposit, UAE resident (20%)
- AED 174,578
- Deposit, non-resident (40%)
- AED 349,155
- Monthly over 25 years at 3.7%
- AED 3,571
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →