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

411, Park Heights 2 Tower 1

Sold prices and rental history: sold twice, last in April 2022, and rented once, from December 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 411 · DLD and Ejari recordsUpdated 29 April 2022
Last soldAED 770K29 April 2022
Current rentAED 44K /yr20 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 411, Park Heights 2 Tower 1

What is 411 worth today?

Last sold for AED 770,000 in 2022

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29 Apr 2022SoldReady
AED 770,000AED 1,171 per sqft
20 Dec 2020RentedNew contract
AED 44,000/yr12 months · AED 67 per sqft
6 Aug 2017Sold by developerOff-plan
AED 868,888AED 1,322 per sqft

Source: Dubai Land Department. Updated 29 April 2022.

Key facts

Type
1-bed apartment
Size
657 sqft
Parking
PH2-G-167
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,900 /yr
Last sold
AED 770K · April 2022
Building
Park Heights 2 Tower 1

About 411, Park Heights 2 Tower 1

411 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. It last sold on 29 April 2022 for AED 770,000, or AED 1,171 per sqft, in line with the AED 1,171 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 December 2020. The current contract, signed on 20 December 2020, is AED 44,000 a year: a gross yield of 5.7% on the 2022 price, before the service charge of about AED 16,900 a year.

Sales and rents for 411 over time

Sales
Unit 411, 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 868,888 (AED 1,322 per sqft)Sold, April 2022: AED 770,000 (AED 1,171 per sqft)

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

Rents
Unit 411, 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, December 2020: AED 44,000 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 411 sits

All 149 1-beds →

411 last sold in April 2022 at AED 1,171 per sqft, in line with what one-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,171). 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. 411's AED 44,000 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 →

411, Park Heights 2 Tower 1 in numbers

  • Sold twice: first on 6 August 2017 for AED 868,888, last on 29 April 2022 for AED 770,000 (AED 1,171 per sqft).
  • Rented since December 2020 on one Ejari contract, at AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2022 price is 5.7%, 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 29 April 2022.

Questions about 411, Park Heights 2 Tower 1

What did unit 411 last sell for?

AED 770,000 on 29 April 2022: AED 1,171 per sqft for 657 sqft. The unit has 2 registered sales; the first was AED 868,888 in August 2017.

What is the rent for unit 411?

AED 44,000 a year on the contract signed on 20 December 2020.

How big is unit 411?

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

What is unit 411 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 411, Park Heights 2 Tower 1

Starts from the last sale price (AED 770K, 29 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 770,000
Deposit, UAE resident (20%)
AED 154,000
Deposit, non-resident (40%)
AED 308,000
Monthly over 25 years at 3.7%
AED 3,150

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