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1-bed · 645 sqftPark Heights 2 Tower 1, Dubai Hills Estate · completed 2020

1214, Park Heights 2 Tower 1

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

Unit 1214 · DLD and Ejari recordsUpdated 25 February 2021
Last soldAED 865K25 July 2017
Current rentAED 38K /yr25 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1214, Park Heights 2 Tower 1

What is 1214 worth today?

Last sold for AED 864,888 in 2017

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25 Feb 2021RentedNew contract
AED 38,000/yr12 months · AED 59 per sqft
25 Jul 2017Sold by developerOff-plan
AED 864,888AED 1,340 per sqft

Source: Dubai Land Department. Updated 25 February 2021.

Key facts

Type
1-bed apartment
Size
645 sqft
Parking
PH2-B-144
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 865K · July 2017
Building
Park Heights 2 Tower 1

About 1214, Park Heights 2 Tower 1

1214 is a one-bedroom apartment of 645 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 25 July 2017 for AED 864,888, or AED 1,340 per sqft, in line with the AED 1,338 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 February 2021. The current contract, signed on 25 February 2021, is AED 38,000 a year: a gross yield of 4.4% on the 2017 price, before the service charge of about AED 16,600 a year.

Sales and rents for 1214 over time

Sales
Unit 1214, 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, July 2017: AED 864,888 (AED 1,340 per sqft)

1214 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1214, 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, February 2021: AED 38,000 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 1214 sits

All 149 1-beds →

1214 last sold in July 2017 at AED 1,340 per sqft, in line with what one-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,338). 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. 1214's AED 38,000 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 →

1214, Park Heights 2 Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 25 July 2017 for AED 864,888, or AED 1,340 per sqft.
  • Rented since February 2021 on one Ejari contract, at AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2017 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 25 February 2021.

Questions about 1214, Park Heights 2 Tower 1

What did unit 1214 last sell for?

AED 864,888 on 25 July 2017, sold by the developer: AED 1,340 per sqft for 645 sqft. It is the only registered sale of the unit.

What is the rent for unit 1214?

AED 38,000 a year on the contract signed on 25 February 2021.

How big is unit 1214?

645 sqft (59.9 sqm): a one-bedroom apartment of a 17-storey tower completed in 2020.

What is unit 1214 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 1214, Park Heights 2 Tower 1

Starts from the last sale price (AED 865K, 25 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 864,888
Deposit, UAE resident (20%)
AED 172,978
Deposit, non-resident (40%)
AED 345,955
Monthly over 25 years at 3.7%
AED 3,539

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