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2-bed · 957 sqftPark Heights 1, Dubai Hills Estate · completed 2020

203, Park Heights 1

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 31 May 2024
Last soldAED 1.7M31 May 2024
Current rentAED 73K /yr9 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, Park Heights 1

What is 203 worth today?

Last sold for AED 1,700,000 in 2024

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31 May 2024SoldReady
AED 1,700,000AED 1,776 per sqft
9 Apr 2024RentedRenewal
AED 73,054/yr12 months · AED 76 per sqft
9 Apr 2023RentedRenewal
AED 63,525/yr12 months · AED 66 per sqft
9 Apr 2022RentedRenewal
AED 60,500/yr12 months · AED 63 per sqft
9 Apr 2021RentedNew contract
AED 55,000/yr12 months · AED 57 per sqft
21 Jun 2018Sold by developerOff-plan
AED 1,229,888AED 1,284 per sqft

Source: Dubai Land Department. Updated 31 May 2024.

Key facts

Type
2-bed apartment
Size
957 sqft
Parking
PH1-B-104
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 24,600 /yr
Last sold
AED 1.7M · May 2024
Building
Park Heights 1

About 203, Park Heights 1

203 is a two-bedroom apartment of 957 sqft of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 31 May 2024 for AED 1,700,000, or AED 1,776 per sqft, 5% below the AED 1,875 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 9 April 2024, is AED 73,054 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 24,600 a year.

Sales and rents for 203 over time

Sales
Unit 203, 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, June 2018: AED 1,229,888 (AED 1,284 per sqft)Sold, May 2024: AED 1,700,000 (AED 1,776 per sqft)

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

Rents
Unit 203, 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, April 2021: AED 55,000 a yearRenewal, April 2022: AED 60,500 a yearRenewal, April 2023: AED 63,525 a yearRenewal, April 2024: AED 73,054 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 203 sits

All 90 2-beds →

203 last sold in May 2024 at AED 1,776 per sqft, 5% below what two-beds in Park Heights 1 were fetching at the time (AED 1,875). 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. 203's AED 73,054 is at the bottom 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 →

203, Park Heights 1 in numbers

  • Sold twice: first on 21 June 2018 for AED 1,229,888, last on 31 May 2024 for AED 1,700,000 (AED 1,776 per sqft).
  • Rented since April 2021 on 4 Ejari contracts, from AED 55,000 to AED 73,054 a year.
  • At AED 73,054 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 24,600 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 31 May 2024.

Questions about 203, Park Heights 1

What did unit 203 last sell for?

AED 1,700,000 on 31 May 2024: AED 1,776 per sqft for 957 sqft. The unit has 2 registered sales; the first was AED 1,229,888 in June 2018.

What is the rent for unit 203?

AED 73,054 a year on the contract renewed on 9 April 2024. The previous contract, from April 2023, was AED 63,525; the unit has been rented since April 2021.

How big is unit 203?

957 sqft (88.9 sqm): a two-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 203 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 203, Park Heights 1

Starts from the last sale price (AED 1.7M, 31 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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