111, Park Heights 2 Tower 1
Sold prices and rental history: sold twice, last in March 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 111, Park Heights 2 Tower 1
What is 111 worth today?
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Source: Dubai Land Department. Updated 31 March 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 657 sqft
- Parking
- PH2-B-143
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 16,900 /yr
- Last sold
- AED 750K · March 2022
- Building
- Park Heights 2 Tower 1
About 111, Park Heights 2 Tower 1
111 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 31 March 2022 for AED 750,000, or AED 1,141 per sqft, in line with the AED 1,164 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 30 November 2021, is AED 42,000 a year: a gross yield of 5.6% on the 2022 price, before the service charge of about AED 16,900 a year.
Sales and rents for 111 over time
111 has sold twice; the dashed line is the one-bed median of each year in the building.
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 111 sits
All 149 1-beds →111 last sold in March 2022 at AED 1,141 per sqft, in line with what one-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,164). 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. 111's AED 42,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Aug 202626 August 2026 | 649 sqft | 1,250,000 | 1,927 | ||
| 17 Aug 202617 August 2026 | 855 sqft | 1,280,000 | 1,496 | ||
| 16 Jun 202616 June 2026 | 645 sqft | 1,200,000 | 1,859 | ||
| 14 Apr 202614 April 2026 | 657 sqft | 1,270,000 | 1,932 |
Park Heights 2 Tower 1
Building42 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%
111, Park Heights 2 Tower 1 in numbers
- Sold twice: first on 26 September 2017 for AED 863,888, last on 31 March 2022 for AED 750,000 (AED 1,141 per sqft).
- Rented since November 2020 on 2 Ejari contracts, from AED 40,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2022 price is 5.6%, 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 31 March 2022.
Questions about 111, Park Heights 2 Tower 1
What did unit 111 last sell for?
AED 750,000 on 31 March 2022: AED 1,141 per sqft for 657 sqft. The unit has 2 registered sales; the first was AED 863,888 in September 2017.
What is the rent for unit 111?
AED 42,000 a year on the contract signed on 30 November 2021. The previous contract, from November 2020, was AED 40,000.
How big is unit 111?
657 sqft (61.0 sqm): a one-bedroom apartment of a 17-storey tower completed in 2020.
What is unit 111 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 111, Park Heights 2 Tower 1
Starts from the last sale price (AED 750K, 31 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →