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2-bed · 1,089 sqftPark Heights 2 Tower 1, Dubai Hills Estate · completed 2020

1012, Park Heights 2 Tower 1

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

Unit 1012 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 1.74M29 March 2023
Current rentAED 80K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1012, Park Heights 2 Tower 1

What is 1012 worth today?

Last sold for AED 1,740,000 in 2023

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1 May 2026RentedNew contract
AED 80,000/yr12 months · AED 74 per sqft
29 Mar 2023SoldReady
AED 1,740,000AED 1,597 per sqft
1 Feb 2022RentedRenewal
AED 65,100/yr12 months · AED 60 per sqft
1 Feb 2021RentedNew contract
AED 62,000/yr12 months · AED 57 per sqft
26 Jul 2017Sold by developerOff-plan
AED 1,289,888AED 1,184 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
2-bed apartment
Size
1,089 sqft
Parking
PH2-B-77
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 27,900 /yr
Last sold
AED 1.74M · March 2023
Building
Park Heights 2 Tower 1

About 1012, Park Heights 2 Tower 1

1012 is a two-bedroom apartment of 1,089 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 29 March 2023 for AED 1,740,000, or AED 1,597 per sqft, 19% above the AED 1,337 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 May 2026, is AED 80,000 a year: a gross yield of 4.6% on the 2023 price, before the service charge of about AED 27,900 a year.

Sales and rents for 1012 over time

Sales
Unit 1012, each saleTypical two-bed in Park Heights 2 Tower 1
1M2M2017202020232026Typical sale price by year: 2017 AED 1,260,888; 2018 AED 1,269,888; 2019 AED 1,339,388; 2020 AED 1,252,388; 2021 AED 1,070,000; 2022 AED 1,375,000; 2023 AED 1,650,000; 2024 AED 1,914,953; 2025 AED 2,295,000; 2026 AED 2,060,000Sold by developer, July 2017: AED 1,289,888 (AED 1,184 per sqft)Sold, March 2023: AED 1,740,000 (AED 1,597 per sqft)

1012 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1012, each contractTypical two-bed in Park Heights 2 Tower 1
50K100K2020202220242026Typical rent by year: 2020 AED 60,000; 2021 AED 62,000; 2022 AED 68,250; 2023 AED 105,200; 2024 AED 127,653; 2025 AED 135,000; 2026 AED 130,000New contract, February 2021: AED 62,000 a yearRenewal, February 2022: AED 65,100 a yearNew contract, May 2026: AED 80,000 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 2 Tower 1, and where 1012 sits

All 91 2-beds →

1012 last sold in March 2023 at AED 1,597 per sqft, 19% above what two-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,337). Over the last 12 months two-beds sold for AED 1,800,000 to 2,236,666, around AED 2,091 per sqft, and rent for AED 80,000 to 180,000 a year. 1012's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Sep 20261,900,000
10 Aug 20262,000,000
29 Jul 202641,095
23 Jul 202699,857
11 2-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 →

1012, Park Heights 2 Tower 1 in numbers

  • Sold twice: first on 26 July 2017 for AED 1,289,888, last on 29 March 2023 for AED 1,740,000 (AED 1,597 per sqft).
  • Rented since February 2021 on 3 Ejari contracts, from AED 62,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 price is 4.6%, before a service charge of about AED 27,900 a year (AED 25.65 per sqft).
  • Two-beds in Park Heights 2 Tower 1 sold for AED 1,800,000–2,236,666 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 2026.

Questions about 1012, Park Heights 2 Tower 1

What did unit 1012 last sell for?

AED 1,740,000 on 29 March 2023: AED 1,597 per sqft for 1,089 sqft. The unit has 2 registered sales; the first was AED 1,289,888 in July 2017.

What is the rent for unit 1012?

AED 80,000 a year on the contract signed on 1 May 2026. The previous contract, from February 2022, was AED 65,100; the unit has been rented since February 2021.

How big is unit 1012?

1,089 sqft (101.2 sqm): a two-bedroom apartment of a 17-storey tower completed in 2020.

What is unit 1012 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 2 Tower 1 sold for AED 1,800,000 to 2,236,666 in the last 12 months, around AED 2,091 per sqft.

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Mortgage on 1012, Park Heights 2 Tower 1

Starts from the last sale price (AED 1.74M, 29 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,740,000
Deposit, UAE resident (20%)
AED 348,000
Deposit, non-resident (40%)
AED 696,000
Monthly over 25 years at 3.7%
AED 7,119

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