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1-bed · 645 sqftPark Heights 1, Dubai Hills Estate · completed 2020

1608, Park Heights 1

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

Unit 1608 · DLD and Ejari recordsUpdated 15 October 2022
Last soldAED 871K22 January 2018
Current rentAED 73K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1608, Park Heights 1

What is 1608 worth today?

Last sold for AED 870,888 in 2018

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15 Oct 2022RentedNew contract
AED 72,804/yr12 months · AED 113 per sqft
26 Dec 2021RentedNew contract
AED 50,000/yr12 months · AED 78 per sqft
14 Feb 2021RentedNew contract
AED 46,000/yr12 months · AED 71 per sqft
22 Jan 2018Sold by developerOff-plan
AED 870,888AED 1,350 per sqft

Source: Dubai Land Department. Updated 15 October 2022.

Key facts

Type
1-bed apartment
Size
645 sqft
Parking
PH1-B-95
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,500 /yr
Last sold
AED 871K · January 2018
Building
Park Heights 1

About 1608, Park Heights 1

1608 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 22 January 2018 for AED 870,888, or AED 1,350 per sqft, in line with the AED 1,331 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 15 October 2022, is AED 72,804 a year: a gross yield of 8.4% on the 2018 price, before the service charge of about AED 16,500 a year.

Sales and rents for 1608 over time

Sales
Unit 1608, 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, January 2018: AED 870,888 (AED 1,350 per sqft)

1608 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1608, 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, February 2021: AED 46,000 a yearNew contract, December 2021: AED 50,000 a yearNew contract, October 2022: AED 72,804 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 1608 sits

All 144 1-beds →

1608 last sold in January 2018 at AED 1,350 per sqft, in line with what one-beds in Park Heights 1 were fetching at the time (AED 1,331). 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. 1608's AED 72,804 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 →

1608, Park Heights 1 in numbers

  • Sold once: by Dubai Hills Estate on 22 January 2018 for AED 870,888, or AED 1,350 per sqft.
  • Rented since February 2021 on 3 Ejari contracts, from AED 46,000 to AED 72,804 a year.
  • At AED 72,804 a year the gross yield on the 2018 price is 8.4%, 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 October 2022.

Questions about 1608, Park Heights 1

What did unit 1608 last sell for?

AED 870,888 on 22 January 2018, sold by the developer: AED 1,350 per sqft for 645 sqft. It is the only registered sale of the unit.

What is the rent for unit 1608?

AED 72,804 a year on the contract signed on 15 October 2022. The previous contract, from December 2021, was AED 50,000; the unit has been rented since February 2021.

How big is unit 1608?

645 sqft (59.9 sqm): a one-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 1608 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 1608, Park Heights 1

Starts from the last sale price (AED 871K, 22 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 870,888
Deposit, UAE resident (20%)
AED 174,178
Deposit, non-resident (40%)
AED 348,355
Monthly over 25 years at 3.7%
AED 3,563

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