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1-bed · 657 sqftPark Heights 2 Tower 1, Dubai Hills Estate · completed 2020

1211, Park Heights 2 Tower 1

Sold prices and rental history: sold once, by the developer in August 2017, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1211 · DLD and Ejari recordsUpdated 1 June 2023
Last soldAED 882K10 August 2017
Current rentAED 55K /yr1 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1211, Park Heights 2 Tower 1

What is 1211 worth today?

Last sold for AED 881,888 in 2017

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1 Jun 2023RentedRenewal
AED 55,000/yr12 months · AED 84 per sqft
1 Jun 2022RentedRenewal
AED 55,000/yr12 months · AED 84 per sqft
1 Jun 2021RentedNew contract
AED 50,000/yr12 months · AED 76 per sqft
10 Aug 2017Sold by developerOff-plan
AED 881,888AED 1,342 per sqft

Source: Dubai Land Department. Updated 1 June 2023.

Key facts

Type
1-bed apartment
Size
657 sqft
Parking
PH2-G-27
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,900 /yr
Last sold
AED 882K · August 2017
Building
Park Heights 2 Tower 1

About 1211, Park Heights 2 Tower 1

1211 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. The developer sold it on 10 August 2017 for AED 881,888, or AED 1,342 per sqft, in line with the AED 1,341 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 1 June 2023, is AED 55,000 a year: a gross yield of 6.2% on the 2017 price, before the service charge of about AED 16,900 a year.

Sales and rents for 1211 over time

Sales
Unit 1211, 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, August 2017: AED 881,888 (AED 1,342 per sqft)

1211 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1211, 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, June 2021: AED 50,000 a yearRenewal, June 2022: AED 55,000 a yearRenewal, June 2023: AED 55,000 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 1211 sits

All 149 1-beds →

1211 last sold in August 2017 at AED 1,342 per sqft, in line with what one-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,341). 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. 1211's AED 55,000 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 →

1211, Park Heights 2 Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 10 August 2017 for AED 881,888, or AED 1,342 per sqft.
  • Rented since June 2021 on 3 Ejari contracts, from AED 50,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2017 price is 6.2%, 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 1 June 2023.

Questions about 1211, Park Heights 2 Tower 1

What did unit 1211 last sell for?

AED 881,888 on 10 August 2017, sold by the developer: AED 1,342 per sqft for 657 sqft. It is the only registered sale of the unit.

What is the rent for unit 1211?

AED 55,000 a year on the contract renewed on 1 June 2023. The previous contract, from June 2022, was AED 55,000; the unit has been rented since June 2021.

How big is unit 1211?

657 sqft (61.0 sqm): a one-bedroom apartment of a 17-storey tower completed in 2020.

What is unit 1211 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 1211, Park Heights 2 Tower 1

Starts from the last sale price (AED 882K, 10 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 881,888
Deposit, UAE resident (20%)
AED 176,378
Deposit, non-resident (40%)
AED 352,755
Monthly over 25 years at 3.7%
AED 3,608

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