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

615, Park Heights 1

Sold prices and rental history: sold twice, last in November 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 615 · DLD and Ejari recordsUpdated 16 November 2021
Last soldAED 1.28M16 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 615, Park Heights 1

What is 615 worth today?

Last sold for AED 1,275,000 in 2021

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16 Nov 2021SoldReady
AED 1,275,000AED 1,333 per sqft
8 Jul 2019Sold by developerOff-plan
AED 1,263,888AED 1,321 per sqft

Source: Dubai Land Department. Updated 16 November 2021.

Key facts

Type
2-bed apartment
Size
956 sqft
Parking
PH1-B-128
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 24,500 /yr
Last sold
AED 1.28M · November 2021

About 615, Park Heights 1

615 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. It last sold on 16 November 2021 for AED 1,275,000, or AED 1,333 per sqft, 7% above the AED 1,243 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 615 over time

Sales
Unit 615, 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, July 2019: AED 1,263,888 (AED 1,321 per sqft)Sold, November 2021: AED 1,275,000 (AED 1,333 per sqft)

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

Rents
Unit 615, 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 124,000

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 615 sits

All 90 2-beds →

615 last sold in November 2021 at AED 1,333 per sqft, 7% above what two-beds in Park Heights 1 were fetching at the time (AED 1,243). 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.

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 →

615, Park Heights 1 in numbers

  • Sold twice: first on 8 July 2019 for AED 1,263,888, last on 16 November 2021 for AED 1,275,000 (AED 1,333 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 16 November 2021.

Questions about 615, Park Heights 1

What did unit 615 last sell for?

AED 1,275,000 on 16 November 2021: AED 1,333 per sqft for 956 sqft. The unit has 2 registered sales; the first was AED 1,263,888 in July 2019.

How big is unit 615?

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

What is unit 615 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 615, Park Heights 1

Starts from the last sale price (AED 1.28M, 16 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

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