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2-bed · 957 sqftPark Heights 2 Tower 1, Dubai Hills Estate · completed 2020

1203, Park Heights 2 Tower 1

Sold prices and rental history: sold once, by the developer in July 2017, and rented once, from November 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 1.25M31 July 2017
Current rentAED 165K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, Park Heights 2 Tower 1

What is 1203 worth today?

Last sold for AED 1,253,888 in 2017

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1 Nov 2023RentedNew contract
AED 165,000/yr12 months · AED 172 per sqft
31 Jul 2017Sold by developerOff-plan
AED 1,253,888AED 1,310 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
2-bed apartment
Size
957 sqft
Parking
PH2-G-162
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 24,500 /yr
Last sold
AED 1.25M · July 2017
Building
Park Heights 2 Tower 1

About 1203, Park Heights 2 Tower 1

1203 is a two-bedroom apartment of 957 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 31 July 2017 for AED 1,253,888, or AED 1,310 per sqft, in line with the AED 1,294 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2023. The current contract, signed on 1 November 2023, is AED 165,000 a year: a gross yield of 13.2% on the 2017 price, before the service charge of about AED 24,500 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, 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 1,253,888 (AED 1,310 per sqft)

1203 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1203, each contractTypical two-bed in Park Heights 2 Tower 1
50K100K150K2020202220242026Typical 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 2023: AED 165,000 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 1203 sits

All 91 2-beds →

1203 last sold in July 2017 at AED 1,310 per sqft, in line with what two-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,294). 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. 1203's AED 165,000 is in the upper 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 →

1203, Park Heights 2 Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 31 July 2017 for AED 1,253,888, or AED 1,310 per sqft.
  • Rented since November 2023 on one Ejari contract, at AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2017 price is 13.2%, 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 1 November 2023.

Questions about 1203, Park Heights 2 Tower 1

What did unit 1203 last sell for?

AED 1,253,888 on 31 July 2017, sold by the developer: AED 1,310 per sqft for 957 sqft. It is the only registered sale of the unit.

What is the rent for unit 1203?

AED 165,000 a year on the contract signed on 1 November 2023.

How big is unit 1203?

957 sqft (88.9 sqm): a two-bedroom apartment of a 17-storey tower completed in 2020.

What is unit 1203 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 1203, Park Heights 2 Tower 1

Starts from the last sale price (AED 1.25M, 31 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,253,888
Deposit, UAE resident (20%)
AED 250,778
Deposit, non-resident (40%)
AED 501,555
Monthly over 25 years at 3.7%
AED 5,130

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