412, Park Heights 2 Tower 1
Sold prices and rental history: sold twice, last in May 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 412, Park Heights 2 Tower 1
What is 412 worth today?
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Source: Dubai Land Department. Updated 6 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,089 sqft
- Parking
- PH2-B-49
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 27,900 /yr
- Last sold
- AED 2.1M · May 2024
- Building
- Park Heights 2 Tower 1
About 412, Park Heights 2 Tower 1
412 is a two-bedroom apartment of 1,089 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 6 May 2024 for AED 2,100,000, or AED 1,928 per sqft, 11% above the AED 1,731 two-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 20 June 2023, is AED 69,958 a year: a gross yield of 3.3% on the 2024 price, before the service charge of about AED 27,900 a year.
Sales and rents for 412 over time
412 has sold twice; 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 412 sits
All 91 2-beds →412 last sold in May 2024 at AED 1,928 per sqft, 11% above what two-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,731). 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. 412's AED 69,958 is at the bottom 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%
412, Park Heights 2 Tower 1 in numbers
- Sold twice: first on 27 July 2017 for AED 1,274,888, last on 6 May 2024 for AED 2,100,000 (AED 1,928 per sqft).
- Rented since June 2021 on 3 Ejari contracts, from AED 70,000 to AED 69,958 a year.
- At AED 69,958 a year the gross yield on the 2024 price is 3.3%, before a service charge of about AED 27,900 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 6 May 2024.
Questions about 412, Park Heights 2 Tower 1
What did unit 412 last sell for?
AED 2,100,000 on 6 May 2024: AED 1,928 per sqft for 1,089 sqft. The unit has 2 registered sales; the first was AED 1,274,888 in July 2017.
What is the rent for unit 412?
AED 69,958 a year on the contract renewed on 20 June 2023. The previous contract, from June 2022, was AED 70,000; the unit has been rented since June 2021.
How big is unit 412?
1,089 sqft (101.2 sqm): a two-bedroom apartment of a 17-storey tower completed in 2020.
What is unit 412 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 412, Park Heights 2 Tower 1
Starts from the last sale price (AED 2.1M, 6 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,100,000
- Deposit, UAE resident (20%)
- AED 420,000
- Deposit, non-resident (40%)
- AED 840,000
- Monthly over 25 years at 3.7%
- AED 8,592
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →