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

702, Park Heights 1

Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 14 March 2024
Last soldAED 857K17 May 2018
Current rentAED 95K /yr14 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Park Heights 1

What is 702 worth today?

Last sold for AED 856,888 in 2018

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14 Mar 2024RentedNew contract
AED 95,000/yr12 months · AED 147 per sqft
12 Feb 2023RentedRenewal
AED 45,700/yr12 months · AED 71 per sqft
12 Feb 2022RentedRenewal
AED 43,500/yr12 months · AED 67 per sqft
12 Feb 2021RentedNew contract
AED 40,000/yr12 months · AED 62 per sqft
17 May 2018Sold by developerOff-plan
AED 856,888AED 1,327 per sqft

Source: Dubai Land Department. Updated 14 March 2024.

Key facts

Type
1-bed apartment
Size
646 sqft
Parking
PH1-B-220
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 857K · May 2018
Building
Park Heights 1

About 702, Park Heights 1

702 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 17 May 2018 for AED 856,888, or AED 1,327 per sqft, in line with the AED 1,338 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 14 March 2024, is AED 95,000 a year: a gross yield of 11.1% on the 2018 price, before the service charge of about AED 16,600 a year.

Sales and rents for 702 over time

Sales
Unit 702, 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, May 2018: AED 856,888 (AED 1,327 per sqft)

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

Rents
Unit 702, each contractTypical one-bed in Park Heights 1
50K75K100K2020202220242026Typical 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, February 2021: AED 40,000 a yearRenewal, February 2022: AED 43,500 a yearRenewal, February 2023: AED 45,700 a yearNew contract, March 2024: AED 95,000 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 702 sits

All 144 1-beds →

702 last sold in May 2018 at AED 1,327 per sqft, in line with what one-beds in Park Heights 1 were fetching at the time (AED 1,338). 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. 702's AED 95,000 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 →

702, Park Heights 1 in numbers

  • Sold once: by Dubai Hills Estate on 17 May 2018 for AED 856,888, or AED 1,327 per sqft.
  • Rented since February 2021 on 4 Ejari contracts, from AED 40,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2018 price is 11.1%, 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 14 March 2024.

Questions about 702, Park Heights 1

What did unit 702 last sell for?

AED 856,888 on 17 May 2018, sold by the developer: AED 1,327 per sqft for 646 sqft. It is the only registered sale of the unit.

What is the rent for unit 702?

AED 95,000 a year on the contract signed on 14 March 2024. The previous contract, from February 2023, was AED 45,700; the unit has been rented since February 2021.

How big is unit 702?

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

What is unit 702 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 702, Park Heights 1

Starts from the last sale price (AED 857K, 17 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 856,888
Deposit, UAE resident (20%)
AED 171,378
Deposit, non-resident (40%)
AED 342,755
Monthly over 25 years at 3.7%
AED 3,506

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