505, Park Heights 2 Tower 1
Sold prices and rental history: sold twice, last in January 2026, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Park Heights 2 Tower 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 9 January 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,612 sqft
- Floor
- 5th of 17
- Parking
- PH2-G-17, PH2-G-18
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 41,300 /yr
- Last sold
- AED 2.95M · January 2026
- Building
- Park Heights 2 Tower 1
About 505, Park Heights 2 Tower 1
505 is a three-bedroom apartment of 1,612 sqft on the 5th floor 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 9 January 2026 for AED 2,950,000, or AED 1,830 per sqft, in line with the AED 1,820 three-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 14 August 2024, is AED 200,000 a year: a gross yield of 6.8% on the 2026 price, before the service charge of about AED 41,300 a year.
Sales and rents for 505 over time
505 has sold twice; the dashed line is the three-bed median of each year in the building.
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 505 sits
All 36 3-beds →505 last sold in January 2026 at AED 1,830 per sqft, in line with what three-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,820). 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. 505's AED 200,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Feb 202611 February 2026 | 1,612 sqft | 3,000,000 | 1,861 | ||
| 27 Aug 202527 August 2025 | 1,612 sqft | 2,975,000 | 1,845 | ||
| 22 Jul 202522 July 2025 | 1,611 sqft | 3,200,000 | 1,986 | ||
| 9 Jun 20259 June 2025 | 1,610 sqft | 2,930,000 | 1,820 |
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%
Other units on the 5th floor
All 42 units in Park Heights 2 Tower 1505, Park Heights 2 Tower 1 in numbers
- Sold twice: first on 1 July 2022 for AED 2,354,888, last on 9 January 2026 for AED 2,950,000 (AED 1,830 per sqft).
- Rented since August 2022 on 3 Ejari contracts, from AED 160,000 to AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2026 price is 6.8%, before a service charge of about AED 41,300 a year (AED 25.65 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 9 January 2026.
Questions about 505, Park Heights 2 Tower 1
What did unit 505 last sell for?
AED 2,950,000 on 9 January 2026: AED 1,830 per sqft for 1,612 sqft. The unit has 2 registered sales; the first was AED 2,354,888 in July 2022.
What is the rent for unit 505?
AED 200,000 a year on the contract signed on 14 August 2024. The previous contract, from August 2023, was AED 200,000; the unit has been rented since August 2022.
How big is unit 505?
1,612 sqft (149.8 sqm): a three-bedroom apartment on the 5th floor of a 17-storey tower completed in 2020.
What is unit 505 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 505, Park Heights 2 Tower 1
Starts from the last sale price (AED 2.95M, 9 January 2026). 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 →