3-bed · 1,612 sqftPark Heights 2 Tower 1, Dubai Hills Estate · completed 2020

405, Park Heights 2 Tower 1

Sold prices and rental history: sold 3 times, last in June 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 7 June 2024
Last soldAED 2.95M7 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Park Heights 2 Tower 1

What is 405 worth today?

Last sold for AED 2,950,000 in 2024

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7 Jun 2024SoldReady
AED 2,950,000AED 1,830 per sqft
14 Jul 2022SoldReady
AED 2,100,000AED 1,302 per sqft
20 Sep 2017Sold by developerOff-plan
AED 2,141,888AED 1,328 per sqft

Source: Dubai Land Department. Updated 7 June 2024.

Key facts

Type
3-bed apartment
Size
1,612 sqft
Parking
PH2-B-55, PH2-B-T6
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 41,300 /yr
Last sold
AED 2.95M · June 2024

About 405, Park Heights 2 Tower 1

405 is a three-bedroom apartment of 1,612 sqft of Park Heights 2 Tower 1, a 17-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 7 June 2024 for AED 2,950,000, or AED 1,830 per sqft, 7% above the AED 1,703 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical three-bed in Park Heights 2 Tower 1
2M2.5M3M2017202020232026Typical sale price by year: 2017 AED 2,141,888; 2018 AED 2,146,888; 2019 AED 2,150,888; 2020 AED 2,174,888; 2021 AED 2,067,888; 2022 AED 2,193,888; 2024 AED 2,793,483; 2025 AED 2,915,000Sold by developer, September 2017: AED 2,141,888 (AED 1,328 per sqft)Sold, July 2022: AED 2,100,000 (AED 1,302 per sqft)Sold, June 2024: AED 2,950,000 (AED 1,830 per sqft)

405 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 405, each contractTypical three-bed in Park Heights 2 Tower 1
100K150K200K2021202320252027Typical rent by year: 2021 AED 93,500; 2022 AED 110,000; 2023 AED 165,000; 2024 AED 190,000; 2025 AED 195,000; 2026 AED 200,046

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Park Heights 2 Tower 1, and where 405 sits

All 36 3-beds →

405 last sold in June 2024 at AED 1,830 per sqft, 7% above what three-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,703). Over the last 12 months three-beds sold for AED 2,950,000 to 3,000,000, around AED 1,846 per sqft, and rent for AED 164,824 to 220,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
11 Feb 20263,000,000
9 Jan 20262,950,000
27 Aug 20252,975,000
22 Jul 20253,200,000
2 3-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 →

405, Park Heights 2 Tower 1 in numbers

  • Sold 3 times: first on 20 September 2017 for AED 2,141,888, last on 7 June 2024 for AED 2,950,000 (AED 1,830 per sqft).
  • Three-beds in Park Heights 2 Tower 1 sold for AED 2,950,000–3,000,000 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 7 June 2024.

Questions about 405, Park Heights 2 Tower 1

What did unit 405 last sell for?

AED 2,950,000 on 7 June 2024: AED 1,830 per sqft for 1,612 sqft. The unit has 3 registered sales; the first was AED 2,141,888 in September 2017.

How big is unit 405?

1,612 sqft (149.8 sqm): a three-bedroom apartment of a 17-storey tower completed in 2020.

What is unit 405 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Park Heights 2 Tower 1 sold for AED 2,950,000 to 3,000,000 in the last 12 months, around AED 1,846 per sqft.

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Mortgage on 405, Park Heights 2 Tower 1

Starts from the last sale price (AED 2.95M, 7 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

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