507, Park Heights 2 Tower 1
Sold prices and rental history: sold twice, last in December 2024, 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 507, Park Heights 2 Tower 1
What is 507 worth today?
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Source: Dubai Land Department. Updated 1 January 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 645 sqft
- Parking
- PH2-G-198
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 16,600 /yr
- Last sold
- AED 1.38M · December 2024
- Building
- Park Heights 2 Tower 1
About 507, Park Heights 2 Tower 1
507 is a one-bedroom apartment of 645 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 12 December 2024 for AED 1,375,000, or AED 2,130 per sqft, 8% above the AED 1,968 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 1 January 2026, is AED 85,000 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 16,600 a year.
Sales and rents for 507 over time
507 has sold twice; the dashed line is the one-bed median of each year in the building.
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 507 sits
All 149 1-beds →507 last sold in December 2024 at AED 2,130 per sqft, 8% above what one-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,968). 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. 507's AED 85,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Aug 202626 August 2026 | 649 sqft | 1,250,000 | 1,927 | ||
| 17 Aug 202617 August 2026 | 855 sqft | 1,280,000 | 1,496 | ||
| 16 Jun 202616 June 2026 | 645 sqft | 1,200,000 | 1,859 | ||
| 14 Apr 202614 April 2026 | 657 sqft | 1,270,000 | 1,932 |
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%
507, Park Heights 2 Tower 1 in numbers
- Sold twice: first on 18 December 2017 for AED 853,888, last on 12 December 2024 for AED 1,375,000 (AED 2,130 per sqft).
- Rented since January 2021 on 5 Ejari contracts. The rent fell from AED 45,000 to AED 38,000 in 2021 and recovered to AED 85,000 by January 2026.
- At AED 85,000 a year the gross yield on the 2024 price is 6.2%, before a service charge of about AED 16,600 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 1 January 2026.
Questions about 507, Park Heights 2 Tower 1
What did unit 507 last sell for?
AED 1,375,000 on 12 December 2024: AED 2,130 per sqft for 645 sqft. The unit has 2 registered sales; the first was AED 853,888 in December 2017.
What is the rent for unit 507?
AED 85,000 a year on the contract renewed on 1 January 2026. The previous contract, from May 2023, was AED 43,890; the unit has been rented since January 2021.
How big is unit 507?
645 sqft (59.9 sqm): a one-bedroom apartment of a 17-storey tower completed in 2020.
What is unit 507 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 507, Park Heights 2 Tower 1
Starts from the last sale price (AED 1.38M, 12 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,375,000
- Deposit, UAE resident (20%)
- AED 275,000
- Deposit, non-resident (40%)
- AED 550,000
- Monthly over 25 years at 3.7%
- AED 5,626
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →