508, Park Heights 2 Tower 1
Sold prices and rental history: sold 3 times, last in May 2025, 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 508, Park Heights 2 Tower 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 20 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 645 sqft
- Floor
- 5th of 17
- Parking
- PH2-G-199
- Developer
- Dubai Hills Estate
- Completed
- 2020
- Service charge
- AED 16,600 /yr
- Last sold
- AED 1.45M · May 2025
- Building
- Park Heights 2 Tower 1
About 508, Park Heights 2 Tower 1
508 is a one-bedroom apartment of 645 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 20 May 2025 for AED 1,450,000, or AED 2,247 per sqft, 7% above the AED 2,092 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 2 December 2024, is AED 62,988 a year: a gross yield of 4.3% on the 2025 price, before the service charge of about AED 16,600 a year.
Sales and rents for 508 over time
508 has sold 3 times; 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 508 sits
All 149 1-beds →508 last sold in May 2025 at AED 2,247 per sqft, 7% above what one-beds in Park Heights 2 Tower 1 were fetching at the time (AED 2,092). 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. 508's AED 62,988 is in the lower 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%
Other units on the 5th floor
All 42 units in Park Heights 2 Tower 1508, Park Heights 2 Tower 1 in numbers
- Sold 3 times: first on 17 December 2017 for AED 853,888, last on 20 May 2025 for AED 1,450,000 (AED 2,247 per sqft).
- Rented since December 2021 on 4 Ejari contracts, from AED 45,000 to AED 62,988 a year.
- At AED 62,988 a year the gross yield on the 2025 price is 4.3%, 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 20 May 2025.
Questions about 508, Park Heights 2 Tower 1
What did unit 508 last sell for?
AED 1,450,000 on 20 May 2025: AED 2,247 per sqft for 645 sqft. The unit has 3 registered sales; the first was AED 853,888 in December 2017.
What is the rent for unit 508?
AED 62,988 a year on the contract signed on 2 December 2024. The previous contract, from December 2023, was AED 53,000; the unit has been rented since December 2021.
How big is unit 508?
645 sqft (59.9 sqm): a one-bedroom apartment on the 5th floor of a 17-storey tower completed in 2020.
What is unit 508 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 508, Park Heights 2 Tower 1
Starts from the last sale price (AED 1.45M, 20 May 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,450,000
- Deposit, UAE resident (20%)
- AED 290,000
- Deposit, non-resident (40%)
- AED 580,000
- Monthly over 25 years at 3.7%
- AED 5,932
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →