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

103, Park Heights 2 Tower 1

Sold prices and rental history: sold once, by the developer in August 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 103 · DLD and Ejari recordsUpdated 10 April 2024
Last soldAED 1.23M30 August 2017
Current rentAED 103K /yr10 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 103, Park Heights 2 Tower 1

What is 103 worth today?

Last sold for AED 1,227,888 in 2017

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10 Apr 2024RentedNew contract
AED 102,850/yr12 months · AED 108 per sqft
10 Apr 2024RentedNew contract
AED 102,850/yr12 months · AED 108 per sqft
10 Apr 2022RentedNew contract
AED 85,000/yr12 months · AED 89 per sqft
1 Nov 2020RentedNew contract
AED 60,000/yr12 months · AED 63 per sqft
30 Aug 2017Sold by developerOff-plan
AED 1,227,888AED 1,284 per sqft

Source: Dubai Land Department. Updated 10 April 2024.

Key facts

Type
2-bed apartment
Size
956 sqft
Parking
PH2-B-25
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 24,500 /yr
Last sold
AED 1.23M · August 2017

About 103, Park Heights 2 Tower 1

103 is a two-bedroom apartment of 956 sqft of Park Heights 2 Tower 1, a 17-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. The developer sold it on 30 August 2017 for AED 1,227,888, or AED 1,284 per sqft, in line with the AED 1,290 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 10 April 2024, is AED 102,850 a year: a gross yield of 8.4% on the 2017 price, before the service charge of about AED 24,500 a year.

Sales and rents for 103 over time

Sales
Unit 103, 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, August 2017: AED 1,227,888 (AED 1,284 per sqft)

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

Rents
Unit 103, 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, November 2020: AED 60,000 a yearNew contract, April 2022: AED 85,000 a yearNew contract, April 2024: AED 102,850 a yearNew contract, April 2024: AED 102,850 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 103 sits

All 91 2-beds →

103 last sold in August 2017 at AED 1,284 per sqft, in line with what two-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,290). 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. 103's AED 102,850 is in the lower half 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 →

103, Park Heights 2 Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 30 August 2017 for AED 1,227,888, or AED 1,284 per sqft.
  • Rented since November 2020 on 4 Ejari contracts, from AED 60,000 to AED 102,850 a year.
  • At AED 102,850 a year the gross yield on the 2017 price is 8.4%, before a service charge of about AED 24,500 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 10 April 2024.

Questions about 103, Park Heights 2 Tower 1

What did unit 103 last sell for?

AED 1,227,888 on 30 August 2017, sold by the developer: AED 1,284 per sqft for 956 sqft. It is the only registered sale of the unit.

What is the rent for unit 103?

AED 102,850 a year on the contract signed on 10 April 2024. The previous contract, from April 2024, was AED 102,850; the unit has been rented since November 2020.

How big is unit 103?

956 sqft (88.8 sqm): a two-bedroom apartment of a 17-storey tower completed in 2020.

What is unit 103 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 103, Park Heights 2 Tower 1

Starts from the last sale price (AED 1.23M, 30 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,227,888
Deposit, UAE resident (20%)
AED 245,578
Deposit, non-resident (40%)
AED 491,155
Monthly over 25 years at 3.7%
AED 5,024

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