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

407, Park Heights 1

Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 21 March 2026
Last soldAED 1.28M22 July 2024
Current rentAED 85K /yr21 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Park Heights 1

What is 407 worth today?

Last sold for AED 1,275,000 in 2024

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21 Mar 2026RentedRenewal
AED 85,000/yr12 months · AED 134 per sqft
21 Mar 2025RentedNew contract
AED 85,000/yr12 months · AED 132 per sqft
22 Jul 2024SoldReady
AED 1,275,000AED 1,974 per sqft
25 Jul 2022SoldReady
AED 950,000AED 1,471 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
25 Sep 2017Sold by developerOff-plan
AED 850,888AED 1,317 per sqft

Source: Dubai Land Department. Updated 21 March 2026.

Key facts

Type
1-bed apartment
Size
646 sqft
Parking
PH1-B-21
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 1.28M · July 2024
Building
Park Heights 1

About 407, Park Heights 1

407 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 22 July 2024 for AED 1,275,000, or AED 1,974 per sqft, in line with the AED 1,928 one-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 21 March 2026, is AED 85,000 a year: a gross yield of 6.7% on the 2024 price, before the service charge of about AED 16,600 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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, September 2017: AED 850,888 (AED 1,317 per sqft)Sold, July 2022: AED 950,000 (AED 1,471 per sqft)Sold, July 2024: AED 1,275,000 (AED 1,974 per sqft)

407 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 407, 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 yearNew contract, March 2025: AED 85,000 a yearRenewal, March 2026: AED 85,000 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 407 sits

All 144 1-beds →

407 last sold in July 2024 at AED 1,974 per sqft, in line with what one-beds in Park Heights 1 were fetching at the time (AED 1,928). 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. 407's AED 85,000 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 →

407, Park Heights 1 in numbers

  • Sold 3 times: first on 25 September 2017 for AED 850,888, last on 22 July 2024 for AED 1,275,000 (AED 1,974 per sqft).
  • Rented since January 2021 on 4 Ejari contracts, from AED 36,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 6.7%, 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 21 March 2026.

Questions about 407, Park Heights 1

What did unit 407 last sell for?

AED 1,275,000 on 22 July 2024: AED 1,974 per sqft for 646 sqft. The unit has 3 registered sales; the first was AED 850,888 in September 2017.

What is the rent for unit 407?

AED 85,000 a year on the contract renewed on 21 March 2026. The previous contract, from March 2025, was AED 85,000; the unit has been rented since January 2021.

How big is unit 407?

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

What is unit 407 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 407, Park Heights 1

Starts from the last sale price (AED 1.28M, 22 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

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