1603, Park Heights 2 Tower 1
Sold prices and rental history: sold once, by the developer in August 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 1603, Park Heights 2 Tower 1
What is 1603 worth today?
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Source: Dubai Land Department. Updated 5 August 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 956 sqft
- Parking
- PH2-G-119
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 24,500 /yr
- Last sold
- AED 1.26M · August 2017
- Building
- Park Heights 2 Tower 1
About 1603, Park Heights 2 Tower 1
1603 is a two-bedroom apartment of 956 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 28 August 2017 for AED 1,263,888, or AED 1,322 per sqft, in line with the AED 1,290 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 5 August 2025, is AED 140,000 a year: a gross yield of 11.1% on the 2017 price, before the service charge of about AED 24,500 a year.
Sales and rents for 1603 over time
1603 has sold once; the dashed line is the two-bed median of each year in the building.
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 1603 sits
All 91 2-beds →1603 last sold in August 2017 at AED 1,322 per sqft, in line with what two-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,290). 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. 1603's AED 140,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Sep 202621 September 2026 | 956 sqft | 1,900,000 | 1,987 | ||
| 10 Aug 202610 August 2026 | 956 sqft | 2,000,000 | 2,091 | ||
| 29 Jul 202629 July 2026 | 956 sqft | 41,095 | 42 | ||
| 23 Jul 202623 July 2026 | 956 sqft | 99,857 | 104 |
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%
1603, Park Heights 2 Tower 1 in numbers
- Sold once: by Dubai Hills Estate on 28 August 2017 for AED 1,263,888, or AED 1,322 per sqft.
- Rented since May 2021 on 5 Ejari contracts, from AED 65,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2017 price is 11.1%, 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 5 August 2025.
Questions about 1603, Park Heights 2 Tower 1
What did unit 1603 last sell for?
AED 1,263,888 on 28 August 2017, sold by the developer: AED 1,322 per sqft for 956 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 140,000 a year on the contract signed on 5 August 2025. The previous contract, from July 2024, was AED 135,000; the unit has been rented since May 2021.
How big is unit 1603?
956 sqft (88.8 sqm): a two-bedroom apartment of a 17-storey tower completed in 2020.
What is unit 1603 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 1603, Park Heights 2 Tower 1
Starts from the last sale price (AED 1.26M, 28 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,263,888
- Deposit, UAE resident (20%)
- AED 252,778
- Deposit, non-resident (40%)
- AED 505,555
- Monthly over 25 years at 3.7%
- AED 5,171
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →