1401, Park Heights 2 Tower 1
Sold prices and rental history: sold once, by the developer in July 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1401, Park Heights 2 Tower 1
What is 1401 worth today?
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Source: Dubai Land Department. Updated 15 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 649 sqft
- Parking
- PH2-G-174
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 16,600 /yr
- Last sold
- AED 871K · July 2017
- Building
- Park Heights 2 Tower 1
About 1401, Park Heights 2 Tower 1
1401 is a one-bedroom apartment of 649 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 26 July 2017 for AED 870,888, or AED 1,342 per sqft, in line with the AED 1,338 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 15 August 2024, is AED 73,700 a year: a gross yield of 8.5% on the 2017 price, before the service charge of about AED 16,600 a year.
Sales and rents for 1401 over time
1401 has sold once; 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 1401 sits
All 149 1-beds →1401 last sold in July 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 1,338). 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. 1401's AED 73,700 is in the lower half 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%
1401, Park Heights 2 Tower 1 in numbers
- Sold once: by Dubai Hills Estate on 26 July 2017 for AED 870,888, or AED 1,342 per sqft.
- Rented since November 2021 on 5 Ejari contracts, from AED 50,000 to AED 73,700 a year.
- At AED 73,700 a year the gross yield on the 2017 price is 8.5%, 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 15 August 2024.
Questions about 1401, Park Heights 2 Tower 1
What did unit 1401 last sell for?
AED 870,888 on 26 July 2017, sold by the developer: AED 1,342 per sqft for 649 sqft. It is the only registered sale of the unit.
What is the rent for unit 1401?
AED 73,700 a year on the contract renewed on 15 August 2024. The previous contract, from August 2024, was AED 60,000; the unit has been rented since November 2021.
How big is unit 1401?
649 sqft (60.3 sqm): a one-bedroom apartment of a 17-storey tower completed in 2020.
What is unit 1401 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 1401, Park Heights 2 Tower 1
Starts from the last sale price (AED 871K, 26 July 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 870,888
- Deposit, UAE resident (20%)
- AED 174,178
- Deposit, non-resident (40%)
- AED 348,355
- Monthly over 25 years at 3.7%
- AED 3,563
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →