408, Park Heights 1
Sold prices and rental history: sold 3 times, last in October 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Park Heights 1
What is 408 worth today?
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Source: Dubai Land Department. Updated 15 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 646 sqft
- Parking
- PH1-B-20
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 16,600 /yr
- Last sold
- AED 1.3M · October 2024
- Building
- Park Heights 1
About 408, Park Heights 1
408 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 15 October 2024 for AED 1,300,000, or AED 2,013 per sqft, 3% above the AED 1,954 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 15 September 2026, is AED 80,000 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 16,600 a year.
Sales and rents for 408 over time
408 has sold 3 times; 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 408 sits
All 144 1-beds →408 last sold in October 2024 at AED 2,013 per sqft, 3% above what one-beds in Park Heights 1 were fetching at the time (AED 1,954). 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. 408's AED 80,000 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%
408, Park Heights 1 in numbers
- Sold 3 times: first on 8 November 2018 for AED 850,888, last on 15 October 2024 for AED 1,300,000 (AED 2,013 per sqft).
- Rented since December 2020 on 5 Ejari contracts, from AED 40,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2024 price is 6.2%, 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 15 September 2026.
Questions about 408, Park Heights 1
What did unit 408 last sell for?
AED 1,300,000 on 15 October 2024: AED 2,013 per sqft for 646 sqft. The unit has 3 registered sales; the first was AED 850,888 in November 2018.
What is the rent for unit 408?
AED 80,000 a year on the contract signed on 15 September 2026. The previous contract, from September 2023, was AED 65,000; the unit has been rented since December 2020.
How big is unit 408?
646 sqft (60.0 sqm): a one-bedroom apartment of a 18-storey tower completed in 2020.
What is unit 408 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 408, Park Heights 1
Starts from the last sale price (AED 1.3M, 15 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,300,000
- Deposit, UAE resident (20%)
- AED 260,000
- Deposit, non-resident (40%)
- AED 520,000
- Monthly over 25 years at 3.7%
- AED 5,319
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →