508, Park Heights 1
Sold prices and rental history: sold twice, last in October 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Park Heights 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 23 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 646 sqft
- Floor
- 5th of 18
- Parking
- PH1-B-30
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 16,600 /yr
- Last sold
- AED 1.38M · October 2025
- Building
- Park Heights 1
About 508, Park Heights 1
508 is a one-bedroom apartment of 646 sqft on the 5th floor of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 31 October 2025 for AED 1,375,000, or AED 2,129 per sqft, in line with the AED 2,134 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 23 May 2026, is AED 70,000 a year: a gross yield of 5.1% on the 2025 price, before the service charge of about AED 16,600 a year.
Sales and rents for 508 over time
508 has sold twice; 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 508 sits
All 144 1-beds →508 last sold in October 2025 at AED 2,129 per sqft, in line with what one-beds in Park Heights 1 were fetching at the time (AED 2,134). 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. 508's AED 70,000 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%
Other units on the 5th floor
All 44 units in Park Heights 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 509 | 1-bed | 646 sqft | AED 1.35MAED 1,350,000 · Mar 2025March 2025 | 89,519 /yr |
508, Park Heights 1 in numbers
- Sold twice: first on 8 November 2018 for AED 852,888, last on 31 October 2025 for AED 1,375,000 (AED 2,129 per sqft).
- Rented since July 2021 on 7 Ejari contracts, from AED 48,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2025 price is 5.1%, 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 23 May 2026.
Questions about 508, Park Heights 1
What did unit 508 last sell for?
AED 1,375,000 on 31 October 2025: AED 2,129 per sqft for 646 sqft. The unit has 2 registered sales; the first was AED 852,888 in November 2018.
What is the rent for unit 508?
AED 70,000 a year on the contract signed on 23 May 2026. The previous contract, from January 2026, was AED 90,000; the unit has been rented since July 2021.
How big is unit 508?
646 sqft (60.0 sqm): a one-bedroom apartment on the 5th floor of a 18-storey tower completed in 2020.
What is unit 508 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 508, Park Heights 1
Starts from the last sale price (AED 1.38M, 31 October 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,375,000
- Deposit, UAE resident (20%)
- AED 275,000
- Deposit, non-resident (40%)
- AED 550,000
- Monthly over 25 years at 3.7%
- AED 5,626
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →