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2-bed · 1,076 sqftPark Heights 1, Dubai Hills Estate · completed 2020

804, 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 804 · DLD and Ejari recordsUpdated 10 November 2023
Last soldAED 1.95M10 November 2023
Current rentAED 70K /yr9 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 804, Park Heights 1

What is 804 worth today?

Last sold for AED 1,950,000 in 2023

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10 Nov 2023SoldReady
AED 1,950,000AED 1,812 per sqft
9 Feb 2023RentedRenewal
AED 70,000/yr9 months · AED 65 per sqft
9 Feb 2022RentedRenewal
AED 70,000/yr12 months · AED 65 per sqft
9 Feb 2021RentedNew contract
AED 65,000/yr12 months · AED 60 per sqft
4 Jan 2018Sold by developerOff-plan
AED 1,355,888AED 1,260 per sqft

Source: Dubai Land Department. Updated 10 November 2023.

Key facts

Type
2-bed apartment
Size
1,076 sqft
Parking
PH1-B-175
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 27,600 /yr
Last sold
AED 1.95M · November 2023
Building
Park Heights 1

About 804, Park Heights 1

804 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 10 November 2023 for AED 1,950,000, or AED 1,812 per sqft, in line with the AED 1,777 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 9 February 2023, is AED 70,000 a year: a gross yield of 3.6% on the 2023 price, before the service charge of about AED 27,600 a year.

Sales and rents for 804 over time

Sales
Unit 804, 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, January 2018: AED 1,355,888 (AED 1,260 per sqft)Sold, November 2023: AED 1,950,000 (AED 1,812 per sqft)

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

Rents
Unit 804, 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, February 2021: AED 65,000 a yearRenewal, February 2022: AED 70,000 a yearRenewal, February 2023: AED 70,000 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 804 sits

All 90 2-beds →

804 last sold in November 2023 at AED 1,812 per sqft, in line with what two-beds in Park Heights 1 were fetching at the time (AED 1,777). 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. 804's AED 70,000 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 →

804, Park Heights 1 in numbers

  • Sold twice: first on 4 January 2018 for AED 1,355,888, last on 10 November 2023 for AED 1,950,000 (AED 1,812 per sqft).
  • Rented since February 2021 on 3 Ejari contracts, from AED 65,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 3.6%, 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 10 November 2023.

Questions about 804, Park Heights 1

What did unit 804 last sell for?

AED 1,950,000 on 10 November 2023: AED 1,812 per sqft for 1,076 sqft. The unit has 2 registered sales; the first was AED 1,355,888 in January 2018.

What is the rent for unit 804?

AED 70,000 a year on the contract renewed on 9 February 2023. The previous contract, from February 2022, was AED 70,000; the unit has been rented since February 2021.

How big is unit 804?

1,076 sqft (100.0 sqm): a two-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 804 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 804, Park Heights 1

Starts from the last sale price (AED 1.95M, 10 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,950,000
Deposit, UAE resident (20%)
AED 390,000
Deposit, non-resident (40%)
AED 780,000
Monthly over 25 years at 3.7%
AED 7,978

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