704, Park Heights 1
Sold prices and rental history: sold twice, last in October 2022, and rented once, from August 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Park Heights 1
What is 704 worth today?
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Source: Dubai Land Department. Updated 15 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,076 sqft
- Parking
- PH1-B-176
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 27,600 /yr
- Last sold
- AED 1.43M · October 2022
- Building
- Park Heights 1
About 704, Park Heights 1
704 is a two-bedroom apartment of 1,076 sqft of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 31 October 2022 for AED 1,425,000, or AED 1,324 per sqft, in line with the AED 1,325 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 August 2024. The current contract, signed on 15 August 2024, is AED 150,000 a year: a gross yield of 10.5% on the 2022 price, before the service charge of about AED 27,600 a year.
Sales and rents for 704 over time
704 has sold twice; the dashed line is the two-bed median of each year in the building.
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 704 sits
All 90 2-beds →704 last sold in October 2022 at AED 1,324 per sqft, in line with what two-beds in Park Heights 1 were fetching at the time (AED 1,325). 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. 704's AED 150,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 956 sqft | 2,025,000 | 2,118 | ||
| 25 Sep 202625 September 2026 | 959 sqft | 2,012,755 | 2,097 | ||
| 5 Aug 20265 August 2026 | 1,076 sqft | 2,050,000 | 1,905 | ||
| 6 Apr 20266 April 2026 | 955 sqft | 2,250,000 | 2,355 |
Park Heights 1
Building44 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%
704, Park Heights 1 in numbers
- Sold twice: first on 8 April 2018 for AED 1,352,888, last on 31 October 2022 for AED 1,425,000 (AED 1,324 per sqft).
- Rented since August 2024 on one Ejari contract, at AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2022 price is 10.5%, before a service charge of about AED 27,600 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 15 August 2024.
Questions about 704, Park Heights 1
What did unit 704 last sell for?
AED 1,425,000 on 31 October 2022: AED 1,324 per sqft for 1,076 sqft. The unit has 2 registered sales; the first was AED 1,352,888 in April 2018.
What is the rent for unit 704?
AED 150,000 a year on the contract signed on 15 August 2024.
How big is unit 704?
1,076 sqft (100.0 sqm): a two-bedroom apartment of a 18-storey tower completed in 2020.
What is unit 704 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 704, Park Heights 1
Starts from the last sale price (AED 1.43M, 31 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,425,000
- Deposit, UAE resident (20%)
- AED 285,000
- Deposit, non-resident (40%)
- AED 570,000
- Monthly over 25 years at 3.7%
- AED 5,830
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →