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2-bed · 956 sqftPark Heights 1, Dubai Hills Estate · completed 2020

515, Park Heights 1

Sold prices and rental history: sold once, by the developer in September 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 1 August 2025
Last soldAED 1.23M24 September 2017
Current rentAED 126K /yr1 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Park Heights 1

What is 515 worth today?

Last sold for AED 1,234,888 in 2017

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1 Aug 2025RentedRenewal
AED 126,000/yr12 months · AED 132 per sqft
1 Aug 2024RentedRenewal
AED 126,000/yr12 months · AED 132 per sqft
1 Feb 2024RentedRenewal
AED 120,000/yr6 months · AED 125 per sqft
1 Feb 2023RentedNew contract
AED 120,000/yr12 months · AED 125 per sqft
1 Jan 2022RentedRenewal
AED 60,000/yr12 months · AED 63 per sqft
1 Jan 2021RentedNew contract
AED 57,000/yr12 months · AED 59 per sqft
24 Sep 2017Sold by developerOff-plan
AED 1,234,888AED 1,291 per sqft

Source: Dubai Land Department. Updated 1 August 2025.

Key facts

Type
2-bed apartment
Size
956 sqft
Parking
PH1-B-109
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 24,500 /yr
Last sold
AED 1.23M · September 2017
Building
Park Heights 1

About 515, Park Heights 1

515 is a two-bedroom apartment of 956 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 24 September 2017 for AED 1,234,888, or AED 1,291 per sqft, in line with the AED 1,285 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 1 August 2025, is AED 126,000 a year: a gross yield of 10.2% on the 2017 price, before the service charge of about AED 24,500 a year.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical two-bed in Park Heights 1
1M1.5M2M2017202020232026Typical sale price by year: 2017 AED 1,255,888; 2018 AED 1,266,888; 2019 AED 1,263,888; 2021 AED 1,190,000; 2022 AED 1,372,944; 2023 AED 1,775,000; 2024 AED 2,100,000; 2025 AED 2,255,000; 2026 AED 2,150,000Sold by developer, September 2017: AED 1,234,888 (AED 1,291 per sqft)

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

Rents
Unit 515, each contractTypical two-bed in Park Heights 1
50K100K2020202220242026Typical rent by year: 2020 AED 64,000; 2021 AED 61,500; 2022 AED 72,500; 2023 AED 95,000; 2024 AED 130,000; 2025 AED 131,250; 2026 AED 124,000New contract, January 2021: AED 57,000 a yearRenewal, January 2022: AED 60,000 a yearNew contract, February 2023: AED 120,000 a yearRenewal, February 2024: AED 120,000 a yearRenewal, August 2024: AED 126,000 a yearRenewal, August 2025: AED 126,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Park Heights 1, and where 515 sits

All 90 2-beds →

515 last sold in September 2017 at AED 1,291 per sqft, in line with what two-beds in Park Heights 1 were fetching at the time (AED 1,285). Over the last 12 months two-beds sold for AED 2,012,755 to 2,340,000, around AED 2,146 per sqft, and rent for AED 90,587 to 180,000 a year. 515's AED 126,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Oct 20262,025,000
25 Sep 20262,012,755
5 Aug 20262,050,000
6 Apr 20262,250,000
8 2-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 →

515, Park Heights 1 in numbers

  • Sold once: by Dubai Hills Estate on 24 September 2017 for AED 1,234,888, or AED 1,291 per sqft.
  • Rented since January 2021 on 6 Ejari contracts, from AED 57,000 to AED 126,000 a year.
  • At AED 126,000 a year the gross yield on the 2017 price is 10.2%, before a service charge of about AED 24,500 a year (AED 25.65 per sqft).
  • Two-beds in Park Heights 1 sold for AED 2,012,755–2,340,000 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 1 August 2025.

Questions about 515, Park Heights 1

What did unit 515 last sell for?

AED 1,234,888 on 24 September 2017, sold by the developer: AED 1,291 per sqft for 956 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 126,000 a year on the contract renewed on 1 August 2025. The previous contract, from August 2024, was AED 126,000; the unit has been rented since January 2021.

How big is unit 515?

956 sqft (88.8 sqm): a two-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 515 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Heights 1 sold for AED 2,012,755 to 2,340,000 in the last 12 months, around AED 2,146 per sqft.

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Mortgage on 515, Park Heights 1

Starts from the last sale price (AED 1.23M, 24 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,234,888
Deposit, UAE resident (20%)
AED 246,978
Deposit, non-resident (40%)
AED 493,955
Monthly over 25 years at 3.7%
AED 5,052

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