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

507, Park Heights 1

Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 7 November 2026
Last soldAED 1.12M19 October 2023
Current rentAED 80K /yr7 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Park Heights 1

What is 507 worth today?

Last sold for AED 1,120,000 in 2023

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7 Nov 2026RentedNew contract
AED 80,000/yr12 months · AED 126 per sqft
20 Sep 2025RentedNew contract
AED 90,000/yr12 months · AED 142 per sqft
5 Aug 2024RentedNew contract
AED 80,000/yr12 months · AED 124 per sqft
19 Oct 2023SoldReady
AED 1,120,000AED 1,734 per sqft
5 Aug 2023RentedNew contract
AED 75,000/yr12 months · AED 116 per sqft
29 Nov 2020RentedNew contract
AED 43,000/yr12 months · AED 67 per sqft
4 Jul 2018Sold by developerOff-plan
AED 852,888AED 1,321 per sqft

Source: Dubai Land Department. Updated 7 November 2026.

Key facts

Type
1-bed apartment
Size
646 sqft
Parking
PH1-B-31
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 1.12M · October 2023
Building
Park Heights 1

About 507, Park Heights 1

507 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 October 2023 for AED 1,120,000, or AED 1,734 per sqft, 6% above the AED 1,635 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 7 November 2026, is AED 80,000 a year: a gross yield of 7.1% on the 2023 price, before the service charge of about AED 16,600 a year.

Sales and rents for 507 over time

Sales
Unit 507, 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, July 2018: AED 852,888 (AED 1,321 per sqft)Sold, October 2023: AED 1,120,000 (AED 1,734 per sqft)

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

Rents
Unit 507, 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, November 2020: AED 43,000 a yearNew contract, August 2023: AED 75,000 a yearNew contract, August 2024: AED 80,000 a yearNew contract, September 2025: AED 90,000 a yearNew contract, November 2026: AED 80,000 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 507 sits

All 144 1-beds →

507 last sold in October 2023 at AED 1,734 per sqft, 6% above what one-beds in Park Heights 1 were fetching at the time (AED 1,635). 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. 507's AED 80,000 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 →

507, Park Heights 1 in numbers

  • Sold twice: first on 4 July 2018 for AED 852,888, last on 19 October 2023 for AED 1,120,000 (AED 1,734 per sqft).
  • Rented since November 2020 on 5 Ejari contracts, from AED 43,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 price is 7.1%, 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 7 November 2026.

Questions about 507, Park Heights 1

What did unit 507 last sell for?

AED 1,120,000 on 19 October 2023: AED 1,734 per sqft for 646 sqft. The unit has 2 registered sales; the first was AED 852,888 in July 2018.

What is the rent for unit 507?

AED 80,000 a year on the contract signed on 7 November 2026. The previous contract, from September 2025, was AED 90,000; the unit has been rented since November 2020.

How big is unit 507?

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

What is unit 507 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 507, Park Heights 1

Starts from the last sale price (AED 1.12M, 19 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,120,000
Deposit, UAE resident (20%)
AED 224,000
Deposit, non-resident (40%)
AED 448,000
Monthly over 25 years at 3.7%
AED 4,582

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