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2-bed · 957 sqftPark Heights 1, Dubai Hills Estate · completed 2020

703, Park Heights 1

Sold prices and rental history: sold twice, last in March 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 8 August 2023
Last soldAED 1M10 March 2021
Current rentAED 97K /yr8 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Park Heights 1

What is 703 worth today?

Last sold for AED 1,000,000 in 2021

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8 Aug 2023RentedRenewal
AED 97,000/yr6 months · AED 101 per sqft
8 Aug 2022RentedNew contract
AED 97,000/yr12 months · AED 101 per sqft
10 Mar 2021SoldReady
AED 1,000,000AED 1,044 per sqft
11 Jul 2017Sold by developerOff-plan
AED 1,241,888AED 1,297 per sqft

Source: Dubai Land Department. Updated 8 August 2023.

Key facts

Type
2-bed apartment
Size
957 sqft
Parking
PH1-G-32
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 24,600 /yr
Last sold
AED 1M · March 2021
Building
Park Heights 1

About 703, Park Heights 1

703 is a two-bedroom apartment of 957 sqft of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 10 March 2021 for AED 1,000,000, or AED 1,044 per sqft, 11% below the AED 1,176 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 8 August 2023, is AED 97,000 a year: a gross yield of 9.7% on the 2021 price, before the service charge of about AED 24,600 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical two-bed in Park Heights 1
1M2M2017202020232026Typical 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 2017: AED 1,241,888 (AED 1,297 per sqft)Sold, March 2021: AED 1,000,000 (AED 1,044 per sqft)

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

Rents
Unit 703, 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, August 2022: AED 97,000 a yearRenewal, August 2023: AED 97,000 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 703 sits

All 90 2-beds →

703 last sold in March 2021 at AED 1,044 per sqft, 11% below what two-beds in Park Heights 1 were fetching at the time (AED 1,176). 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. 703's AED 97,000 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 →

703, Park Heights 1 in numbers

  • Sold twice: first on 11 July 2017 for AED 1,241,888, last on 10 March 2021 for AED 1,000,000 (AED 1,044 per sqft).
  • Rented since August 2022 on 2 Ejari contracts, at AED 97,000 a year.
  • At AED 97,000 a year the gross yield on the 2021 price is 9.7%, before a service charge of about AED 24,600 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 8 August 2023.

Questions about 703, Park Heights 1

What did unit 703 last sell for?

AED 1,000,000 on 10 March 2021: AED 1,044 per sqft for 957 sqft. The unit has 2 registered sales; the first was AED 1,241,888 in July 2017.

What is the rent for unit 703?

AED 97,000 a year on the contract renewed on 8 August 2023. The previous contract, from August 2022, was AED 97,000.

How big is unit 703?

957 sqft (88.9 sqm): a two-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 703 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 703, Park Heights 1

Starts from the last sale price (AED 1M, 10 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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