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2-bed · 960 sqftPark Heights 1, Dubai Hills Estate · completed 2020

710, Park Heights 1

Sold prices and rental history: sold twice, last in November 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 710 · DLD and Ejari recordsUpdated 16 November 2023
Last soldAED 1.75M16 November 2023
Current rentAED 65K /yr1 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 710, Park Heights 1

What is 710 worth today?

Last sold for AED 1,750,000 in 2023

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16 Nov 2023SoldReady
AED 1,750,000AED 1,823 per sqft
1 Jun 2022RentedRenewal
AED 65,000/yr12 months · AED 68 per sqft
1 Jun 2021RentedNew contract
AED 62,000/yr12 months · AED 65 per sqft
6 Jul 2017Sold by developerOff-plan
AED 1,240,888AED 1,293 per sqft

Source: Dubai Land Department. Updated 16 November 2023.

Key facts

Type
2-bed apartment
Size
960 sqft
Parking
PH1-B-124
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 24,600 /yr
Last sold
AED 1.75M · November 2023
Building
Park Heights 1

About 710, Park Heights 1

710 is a two-bedroom apartment of 960 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 2023 for AED 1,750,000, or AED 1,823 per sqft, in line with the AED 1,812 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 1 June 2022, is AED 65,000 a year: a gross yield of 3.7% on the 2023 price, before the service charge of about AED 24,600 a year.

Sales and rents for 710 over time

Sales
Unit 710, 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 2017: AED 1,240,888 (AED 1,293 per sqft)Sold, November 2023: AED 1,750,000 (AED 1,823 per sqft)

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

Rents
Unit 710, 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, June 2021: AED 62,000 a yearRenewal, June 2022: AED 65,000 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 710 sits

All 90 2-beds →

710 last sold in November 2023 at AED 1,823 per sqft, in line with what two-beds in Park Heights 1 were fetching at the time (AED 1,812). 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. 710's AED 65,000 is at the bottom 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 →

710, Park Heights 1 in numbers

  • Sold twice: first on 6 July 2017 for AED 1,240,888, last on 16 November 2023 for AED 1,750,000 (AED 1,823 per sqft).
  • Rented since June 2021 on 2 Ejari contracts, from AED 62,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2023 price is 3.7%, 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 16 November 2023.

Questions about 710, Park Heights 1

What did unit 710 last sell for?

AED 1,750,000 on 16 November 2023: AED 1,823 per sqft for 960 sqft. The unit has 2 registered sales; the first was AED 1,240,888 in July 2017.

What is the rent for unit 710?

AED 65,000 a year on the contract renewed on 1 June 2022. The previous contract, from June 2021, was AED 62,000.

How big is unit 710?

960 sqft (89.2 sqm): a two-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 710 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 710, Park Heights 1

Starts from the last sale price (AED 1.75M, 16 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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