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

514, Park Heights 1

Sold prices and rental history: sold once, by the developer in December 2019, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 22 September 2024
Last soldAED 854K8 December 2019
Current rentAED 105K /yr22 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 514, Park Heights 1

What is 514 worth today?

Last sold for AED 853,888 in 2019

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22 Sep 2024RentedRenewal
AED 105,000/yr12 months · AED 163 per sqft
22 Sep 2023RentedNew contract
AED 100,000/yr12 months · AED 155 per sqft
1 May 2021RentedNew contract
AED 39,000/yr12 months · AED 60 per sqft
8 Dec 2019Sold by developerOff-plan
AED 853,888AED 1,322 per sqft

Source: Dubai Land Department. Updated 22 September 2024.

Key facts

Type
1-bed apartment
Size
646 sqft
Parking
PH1-B-209
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 854K · December 2019
Building
Park Heights 1

About 514, Park Heights 1

514 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. The developer sold it on 8 December 2019 for AED 853,888, or AED 1,322 per sqft, in line with the AED 1,329 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 22 September 2024, is AED 105,000 a year: a gross yield of 12.3% on the 2019 price, before the service charge of about AED 16,600 a year.

Sales and rents for 514 over time

Sales
Unit 514, 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, December 2019: AED 853,888 (AED 1,322 per sqft)

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

Rents
Unit 514, each contractTypical one-bed in Park Heights 1
50K100K2020202220242026Typical 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, May 2021: AED 39,000 a yearNew contract, September 2023: AED 100,000 a yearRenewal, September 2024: AED 105,000 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 514 sits

All 144 1-beds →

514 last sold in December 2019 at AED 1,322 per sqft, in line with what one-beds in Park Heights 1 were fetching at the time (AED 1,329). 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. 514's AED 105,000 is in the upper 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 →

514, Park Heights 1 in numbers

  • Sold once: by Dubai Hills Estate on 8 December 2019 for AED 853,888, or AED 1,322 per sqft.
  • Rented since May 2021 on 3 Ejari contracts, from AED 39,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2019 price is 12.3%, 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 22 September 2024.

Questions about 514, Park Heights 1

What did unit 514 last sell for?

AED 853,888 on 8 December 2019, sold by the developer: AED 1,322 per sqft for 646 sqft. It is the only registered sale of the unit.

What is the rent for unit 514?

AED 105,000 a year on the contract renewed on 22 September 2024. The previous contract, from September 2023, was AED 100,000; the unit has been rented since May 2021.

How big is unit 514?

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

What is unit 514 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 514, Park Heights 1

Starts from the last sale price (AED 854K, 8 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 853,888
Deposit, UAE resident (20%)
AED 170,778
Deposit, non-resident (40%)
AED 341,555
Monthly over 25 years at 3.7%
AED 3,494

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