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1-bed · 646 sqftPark Heights 1, Dubai Hills Estate · completed 2020

206, Park Heights 1

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

Unit 206 · DLD and Ejari recordsUpdated 19 March 2024
Last soldAED 1.25M19 March 2024
Current rentAED 44K /yr26 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 206, Park Heights 1

What is 206 worth today?

Last sold for AED 1,250,000 in 2024

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19 Mar 2024SoldReady
AED 1,250,000AED 1,936 per sqft
26 Feb 2023RentedRenewal
AED 44,000/yr12 months · AED 68 per sqft
26 Feb 2022RentedRenewal
AED 40,000/yr12 months · AED 62 per sqft
26 Jan 2021RentedNew contract
AED 36,000/yr13 months · AED 56 per sqft
26 Feb 2019Sold by developerOff-plan
AED 847,888AED 1,313 per sqft

Source: Dubai Land Department. Updated 19 March 2024.

Key facts

Type
1-bed apartment
Size
646 sqft
Parking
PH1-B-11
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 1.25M · March 2024
Building
Park Heights 1

About 206, Park Heights 1

206 is a one-bedroom apartment of 646 sqft of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 19 March 2024 for AED 1,250,000, or AED 1,936 per sqft, 11% above the AED 1,751 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 26 February 2023, is AED 44,000 a year: a gross yield of 3.5% on the 2024 price, before the service charge of about AED 16,600 a year.

Sales and rents for 206 over time

Sales
Unit 206, 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, February 2019: AED 847,888 (AED 1,313 per sqft)Sold, March 2024: AED 1,250,000 (AED 1,936 per sqft)

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

Rents
Unit 206, 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, January 2021: AED 36,000 a yearRenewal, February 2022: AED 40,000 a yearRenewal, February 2023: AED 44,000 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 206 sits

All 144 1-beds →

206 last sold in March 2024 at AED 1,936 per sqft, 11% above what one-beds in Park Heights 1 were fetching at the time (AED 1,751). 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. 206's AED 44,000 is at the bottom 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 →

206, Park Heights 1 in numbers

  • Sold twice: first on 26 February 2019 for AED 847,888, last on 19 March 2024 for AED 1,250,000 (AED 1,936 per sqft).
  • Rented since January 2021 on 3 Ejari contracts, from AED 36,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2024 price is 3.5%, before a service charge of about AED 16,600 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 19 March 2024.

Questions about 206, Park Heights 1

What did unit 206 last sell for?

AED 1,250,000 on 19 March 2024: AED 1,936 per sqft for 646 sqft. The unit has 2 registered sales; the first was AED 847,888 in February 2019.

What is the rent for unit 206?

AED 44,000 a year on the contract renewed on 26 February 2023. The previous contract, from February 2022, was AED 40,000; the unit has been rented since January 2021.

How big is unit 206?

646 sqft (60.0 sqm): a one-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 206 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 206, Park Heights 1

Starts from the last sale price (AED 1.25M, 19 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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