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1-bed · 646 sqftPark Heights 2 Tower 1, Dubai Hills Estate · completed 2020

109, Park Heights 2 Tower 1

Sold prices and rental history: sold twice, last in October 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 109 · DLD and Ejari recordsUpdated 6 October 2022
Last soldAED 886K6 October 2022
Current rentAED 39K /yr11 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 109, Park Heights 2 Tower 1

What is 109 worth today?

Last sold for AED 886,000 in 2022

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6 Oct 2022SoldReady
AED 886,000AED 1,372 per sqft
11 Nov 2021RentedNew contract
AED 38,769/yr13 months · AED 60 per sqft
11 Nov 2020RentedNew contract
AED 42,000/yr12 months · AED 65 per sqft
6 Dec 2017Sold by developerOff-plan
AED 846,888AED 1,311 per sqft

Source: Dubai Land Department. Updated 6 October 2022.

Key facts

Type
1-bed apartment
Size
646 sqft
Parking
PH2-B-353
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 886K · October 2022
Building
Park Heights 2 Tower 1

About 109, Park Heights 2 Tower 1

109 is a one-bedroom apartment of 646 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 6 October 2022 for AED 886,000, or AED 1,372 per sqft, 14% above the AED 1,207 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 11 November 2021, is AED 38,769 a year: a gross yield of 4.4% on the 2022 price, before the service charge of about AED 16,600 a year.

Sales and rents for 109 over time

Sales
Unit 109, 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, December 2017: AED 846,888 (AED 1,311 per sqft)Sold, October 2022: AED 886,000 (AED 1,372 per sqft)

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

Rents
Unit 109, 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, November 2020: AED 42,000 a yearNew contract, November 2021: AED 38,769 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 109 sits

All 149 1-beds →

109 last sold in October 2022 at AED 1,372 per sqft, 14% above what one-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,207). 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. 109's AED 38,769 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 →

109, Park Heights 2 Tower 1 in numbers

  • Sold twice: first on 6 December 2017 for AED 846,888, last on 6 October 2022 for AED 886,000 (AED 1,372 per sqft).
  • Rented since November 2020 on 2 Ejari contracts, from AED 42,000 to AED 38,769 a year.
  • At AED 38,769 a year the gross yield on the 2022 price is 4.4%, 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 6 October 2022.

Questions about 109, Park Heights 2 Tower 1

What did unit 109 last sell for?

AED 886,000 on 6 October 2022: AED 1,372 per sqft for 646 sqft. The unit has 2 registered sales; the first was AED 846,888 in December 2017.

What is the rent for unit 109?

AED 38,769 a year on the contract signed on 11 November 2021. The previous contract, from November 2020, was AED 42,000.

How big is unit 109?

646 sqft (60.0 sqm): a one-bedroom apartment of a 17-storey tower completed in 2020.

What is unit 109 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 109, Park Heights 2 Tower 1

Starts from the last sale price (AED 886K, 6 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 886,000
Deposit, UAE resident (20%)
AED 177,200
Deposit, non-resident (40%)
AED 354,400
Monthly over 25 years at 3.7%
AED 3,625

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