505, Park Heights 1
Sold prices and rental history: sold twice, last in December 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Park Heights 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 17 December 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,611 sqft
- Parking
- PH1-B-166, PH1-B-T13
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 41,300 /yr
- Last sold
- AED 2.85M · December 2024
- Building
- Park Heights 1
About 505, Park Heights 1
505 is a three-bedroom apartment of 1,611 sqft of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 17 December 2024 for AED 2,850,000, or AED 1,768 per sqft, 5% above the AED 1,676 three-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 5 March 2023, is AED 111,195 a year: a gross yield of 3.9% on the 2024 price, before the service charge of about AED 41,300 a year.
Sales and rents for 505 over time
505 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Park Heights 1, and where 505 sits
All 36 3-beds →505 last sold in December 2024 at AED 1,768 per sqft, 5% above what three-beds in Park Heights 1 were fetching at the time (AED 1,676). Over the last 12 months three-beds sold for AED 1,625,572 to 3,200,000, around AED 1,954 per sqft, and rent for AED 170,000 to 247,500 a year. 505's AED 111,195 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jul 202614 July 2026 | 1,610 sqft | 2,900,000 | 1,801 | ||
| 7 May 20267 May 2026 | 1,611 sqft | 3,050,000 | 1,892 | ||
| 1 Apr 20261 April 2026 | 1,610 sqft | 3,200,000 | 1,988 | ||
| 6 Mar 20266 March 2026 | 1,611 sqft | 3,150,000 | 1,954 |
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%
505, Park Heights 1 in numbers
- Sold twice: first on 28 September 2017 for AED 2,143,888, last on 17 December 2024 for AED 2,850,000 (AED 1,768 per sqft).
- Rented since March 2021 on 3 Ejari contracts, from AED 90,000 to AED 111,195 a year.
- At AED 111,195 a year the gross yield on the 2024 price is 3.9%, before a service charge of about AED 41,300 a year (AED 25.65 per sqft).
- Three-beds in Park Heights 1 sold for AED 1,625,572–3,200,000 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 17 December 2024.
Questions about 505, Park Heights 1
What did unit 505 last sell for?
AED 2,850,000 on 17 December 2024: AED 1,768 per sqft for 1,611 sqft. The unit has 2 registered sales; the first was AED 2,143,888 in September 2017.
What is the rent for unit 505?
AED 111,195 a year on the contract renewed on 5 March 2023. The previous contract, from March 2022, was AED 92,500; the unit has been rented since March 2021.
How big is unit 505?
1,611 sqft (149.7 sqm): a three-bedroom apartment of a 18-storey tower completed in 2020.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Park Heights 1 sold for AED 1,625,572 to 3,200,000 in the last 12 months, around AED 1,954 per sqft.
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Mortgage on 505, Park Heights 1
Starts from the last sale price (AED 2.85M, 17 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,850,000
- Deposit, UAE resident (20%)
- AED 570,000
- Deposit, non-resident (40%)
- AED 1,140,000
- Monthly over 25 years at 3.7%
- AED 11,660
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →