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1-bed · 645 sqftPark Heights 2 Tower 1, Dubai Hills Estate · completed 2020

1002, Park Heights 2 Tower 1

Sold prices and rental history: sold twice, last in May 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 1.43M1 May 2024
Current rentAED 85K /yr22 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, Park Heights 2 Tower 1

What is 1002 worth today?

Last sold for AED 1,425,000 in 2024

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1 May 2024SoldReady
AED 1,425,000AED 2,208 per sqft
22 Mar 2023RentedNew contract
AED 85,000/yr12 months · AED 132 per sqft
26 Feb 2022RentedNew contract
AED 55,000/yr12 months · AED 85 per sqft
21 Feb 2021RentedNew contract
AED 42,000/yr12 months · AED 65 per sqft
13 Aug 2017Sold by developerOff-plan
AED 861,888AED 1,335 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
1-bed apartment
Size
645 sqft
Parking
PH2-B-10
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 1.43M · May 2024
Building
Park Heights 2 Tower 1

About 1002, Park Heights 2 Tower 1

1002 is a one-bedroom apartment of 645 sqft of Park Heights 2 Tower 1, a 17-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 1 May 2024 for AED 1,425,000, or AED 2,208 per sqft, 27% above the AED 1,732 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 22 March 2023, is AED 85,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 16,600 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical one-bed in Park Heights 2 Tower 1
1M1.5M2017202020232026Typical sale price by year: 2017 AED 865,888; 2018 AED 858,888; 2019 AED 863,888; 2020 AED 883,888; 2021 AED 750,000; 2022 AED 910,000; 2023 AED 1,035,550; 2024 AED 1,265,000; 2025 AED 1,430,000; 2026 AED 1,280,000Sold by developer, August 2017: AED 861,888 (AED 1,335 per sqft)Sold, May 2024: AED 1,425,000 (AED 2,208 per sqft)

1002 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1002, each contractTypical one-bed in Park Heights 2 Tower 1
50K75K2020202220242026Typical rent by year: 2020 AED 43,000; 2021 AED 40,000; 2022 AED 47,250; 2023 AED 60,000; 2024 AED 82,500; 2025 AED 85,000; 2026 AED 85,000New contract, February 2021: AED 42,000 a yearNew contract, February 2022: AED 55,000 a yearNew contract, March 2023: AED 85,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Park Heights 2 Tower 1, and where 1002 sits

All 149 1-beds →

1002 last sold in May 2024 at AED 2,208 per sqft, 27% above what one-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,732). Over the last 12 months one-beds sold for AED 1,200,000 to 2,010,000, around AED 2,115 per sqft, and rent for AED 60,000 to 110,000 a year. 1002's AED 85,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Aug 20261,250,000
17 Aug 20261,280,000
16 Jun 20261,200,000
14 Apr 20261,270,000
11 1-bed sales in the last 12 months

Park Heights 2 Tower 1

Building

42 apartments, 1-bed to 3-bed over 17 floors in Dubai Hills Estate, completed in 2020 by Dubai Hills Estate. 24 sold in the last 12 months.

Typical price per sqft
AED 2,039 Down 4.9%
Typical sale
AED 1.64M
Typical rent
AED 100K /yr
Typical yield
6.3%
Park Heights 2 Tower 1, Dubai Hills Estate: prices, sales and rents →

1002, Park Heights 2 Tower 1 in numbers

  • Sold twice: first on 13 August 2017 for AED 861,888, last on 1 May 2024 for AED 1,425,000 (AED 2,208 per sqft).
  • Rented since February 2021 on 3 Ejari contracts, from AED 42,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 16,600 a year (AED 25.65 per sqft).
  • One-beds in Park Heights 2 Tower 1 sold for AED 1,200,000–2,010,000 in the 12 months to November 2026; the building's median across all types is AED 2,039 per sqft.

Source: Dubai Land Department. Updated 1 May 2024.

Questions about 1002, Park Heights 2 Tower 1

What did unit 1002 last sell for?

AED 1,425,000 on 1 May 2024: AED 2,208 per sqft for 645 sqft. The unit has 2 registered sales; the first was AED 861,888 in August 2017.

What is the rent for unit 1002?

AED 85,000 a year on the contract signed on 22 March 2023. The previous contract, from February 2022, was AED 55,000; the unit has been rented since February 2021.

How big is unit 1002?

645 sqft (59.9 sqm): a one-bedroom apartment of a 17-storey tower completed in 2020.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Heights 2 Tower 1 sold for AED 1,200,000 to 2,010,000 in the last 12 months, around AED 2,115 per sqft.

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Mortgage on 1002, Park Heights 2 Tower 1

Starts from the last sale price (AED 1.43M, 1 May 2024). 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 →