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

715, Park Heights 1

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

Unit 715 · DLD and Ejari recordsUpdated 20 March 2024
Last soldAED 1.24M7 November 2018
Current rentAED 145K /yr20 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 715, Park Heights 1

What is 715 worth today?

Last sold for AED 1,239,888 in 2018

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20 Mar 2024RentedNew contract
AED 145,000/yr12 months · AED 151 per sqft
2 Feb 2023RentedRenewal
AED 60,000/yr12 months · AED 63 per sqft
2 Feb 2022RentedRenewal
AED 60,000/yr12 months · AED 63 per sqft
2 Feb 2021RentedNew contract
AED 60,000/yr12 months · AED 63 per sqft
7 Nov 2018Sold by developerOff-plan
AED 1,239,888AED 1,296 per sqft

Source: Dubai Land Department. Updated 20 March 2024.

Key facts

Type
2-bed apartment
Size
956 sqft
Parking
PH1-B-126
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 24,500 /yr
Last sold
AED 1.24M · November 2018
Building
Park Heights 1

About 715, Park Heights 1

715 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. The developer sold it on 7 November 2018 for AED 1,239,888, or AED 1,296 per sqft, in line with the AED 1,284 two-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 20 March 2024, is AED 145,000 a year: a gross yield of 11.7% on the 2018 price, before the service charge of about AED 24,500 a year.

Sales and rents for 715 over time

Sales
Unit 715, 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, November 2018: AED 1,239,888 (AED 1,296 per sqft)

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

Rents
Unit 715, each contractTypical two-bed in Park Heights 1
50K100K150K2020202220242026Typical 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, February 2021: AED 60,000 a yearRenewal, February 2022: AED 60,000 a yearRenewal, February 2023: AED 60,000 a yearNew contract, March 2024: AED 145,000 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 715 sits

All 90 2-beds →

715 last sold in November 2018 at AED 1,296 per sqft, in line with what two-beds in Park Heights 1 were fetching at the time (AED 1,284). 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. 715's AED 145,000 is in the upper 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 →

715, Park Heights 1 in numbers

  • Sold once: by Dubai Hills Estate on 7 November 2018 for AED 1,239,888, or AED 1,296 per sqft.
  • Rented since February 2021 on 4 Ejari contracts, from AED 60,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2018 price is 11.7%, before a service charge of about AED 24,500 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 20 March 2024.

Questions about 715, Park Heights 1

What did unit 715 last sell for?

AED 1,239,888 on 7 November 2018, sold by the developer: AED 1,296 per sqft for 956 sqft. It is the only registered sale of the unit.

What is the rent for unit 715?

AED 145,000 a year on the contract signed on 20 March 2024. The previous contract, from February 2023, was AED 60,000; the unit has been rented since February 2021.

How big is unit 715?

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

What is unit 715 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 715, Park Heights 1

Starts from the last sale price (AED 1.24M, 7 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,239,888
Deposit, UAE resident (20%)
AED 247,978
Deposit, non-resident (40%)
AED 495,955
Monthly over 25 years at 3.7%
AED 5,073

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