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1-bed · 657 sqftPark Heights 2 Tower 1, Dubai Hills Estate · completed 2020

1011, Park Heights 2 Tower 1

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

Unit 1011 · DLD and Ejari recordsUpdated 7 August 2023
Last soldAED 1.33M7 August 2023
Current rentAED 45K /yr27 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1011, Park Heights 2 Tower 1

What is 1011 worth today?

Last sold for AED 1,325,000 in 2023

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7 Aug 2023SoldReady
AED 1,325,000AED 2,016 per sqft
27 Feb 2021RentedNew contract
AED 45,000/yr12 months · AED 69 per sqft
3 Feb 2019Sold by developerOff-plan
AED 878,888AED 1,337 per sqft

Source: Dubai Land Department. Updated 7 August 2023.

Key facts

Type
1-bed apartment
Size
657 sqft
Parking
PH2-G-6
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,900 /yr
Last sold
AED 1.33M · August 2023
Building
Park Heights 2 Tower 1

About 1011, Park Heights 2 Tower 1

1011 is a one-bedroom apartment of 657 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 7 August 2023 for AED 1,325,000, or AED 2,016 per sqft, 29% above the AED 1,568 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 27 February 2021. The current contract, signed on 27 February 2021, is AED 45,000 a year: a gross yield of 3.4% on the 2023 price, before the service charge of about AED 16,900 a year.

Sales and rents for 1011 over time

Sales
Unit 1011, 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, February 2019: AED 878,888 (AED 1,337 per sqft)Sold, August 2023: AED 1,325,000 (AED 2,016 per sqft)

1011 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1011, 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 45,000 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 1011 sits

All 149 1-beds →

1011 last sold in August 2023 at AED 2,016 per sqft, 29% above what one-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,568). 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. 1011's AED 45,000 is at the bottom 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 →

1011, Park Heights 2 Tower 1 in numbers

  • Sold twice: first on 3 February 2019 for AED 878,888, last on 7 August 2023 for AED 1,325,000 (AED 2,016 per sqft).
  • Rented since February 2021 on one Ejari contract, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2023 price is 3.4%, before a service charge of about AED 16,900 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 7 August 2023.

Questions about 1011, Park Heights 2 Tower 1

What did unit 1011 last sell for?

AED 1,325,000 on 7 August 2023: AED 2,016 per sqft for 657 sqft. The unit has 2 registered sales; the first was AED 878,888 in February 2019.

What is the rent for unit 1011?

AED 45,000 a year on the contract signed on 27 February 2021.

How big is unit 1011?

657 sqft (61.0 sqm): a one-bedroom apartment of a 17-storey tower completed in 2020.

What is unit 1011 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 1011, Park Heights 2 Tower 1

Starts from the last sale price (AED 1.33M, 7 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,325,000
Deposit, UAE resident (20%)
AED 265,000
Deposit, non-resident (40%)
AED 530,000
Monthly over 25 years at 3.7%
AED 5,421

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