Home
Dubai prices
About
Research
1-bed · 645 sqftPark Heights 2 Tower 1, Dubai Hills Estate · completed 2020

706, Park Heights 2 Tower 1

Sold prices and rental history: sold once, by the developer in April 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 857K8 April 2018
Current rentAED 100K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 706

Property timeline for 706, Park Heights 2 Tower 1

What is 706 worth today?

Last sold for AED 856,888 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Dec 2024RentedNew contract
AED 100,000/yr12 months · AED 155 per sqft
25 Jun 2023RentedRenewal
AED 46,344/yr5 months · AED 72 per sqft
25 Jun 2022RentedRenewal
AED 44,000/yr12 months · AED 68 per sqft
25 Jun 2021RentedNew contract
AED 40,000/yr12 months · AED 62 per sqft
8 Apr 2018Sold by developerOff-plan
AED 856,888AED 1,327 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
1-bed apartment
Size
645 sqft
Parking
PH2-G-183
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 857K · April 2018
Building
Park Heights 2 Tower 1

About 706, Park Heights 2 Tower 1

706 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. The developer sold it on 8 April 2018 for AED 856,888, or AED 1,327 per sqft, in line with the AED 1,335 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 1 December 2024, is AED 100,000 a year: a gross yield of 11.7% on the 2018 price, before the service charge of about AED 16,600 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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, April 2018: AED 856,888 (AED 1,327 per sqft)

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

Rents
Unit 706, each contractTypical one-bed in Park Heights 2 Tower 1
50K100K2020202220242026Typical 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, June 2021: AED 40,000 a yearRenewal, June 2022: AED 44,000 a yearRenewal, June 2023: AED 46,344 a yearNew contract, December 2024: AED 100,000 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 706 sits

All 149 1-beds →

706 last sold in April 2018 at AED 1,327 per sqft, in line with what one-beds in Park Heights 2 Tower 1 were fetching at the time (AED 1,335). 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. 706's AED 100,000 is in the upper half 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 →

706, Park Heights 2 Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 8 April 2018 for AED 856,888, or AED 1,327 per sqft.
  • Rented since June 2021 on 4 Ejari contracts, from AED 40,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2018 price is 11.7%, 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 December 2024.

Questions about 706, Park Heights 2 Tower 1

What did unit 706 last sell for?

AED 856,888 on 8 April 2018, sold by the developer: AED 1,327 per sqft for 645 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 100,000 a year on the contract signed on 1 December 2024. The previous contract, from June 2023, was AED 46,344; the unit has been rented since June 2021.

How big is unit 706?

645 sqft (59.9 sqm): a one-bedroom apartment of a 17-storey tower completed in 2020.

What is unit 706 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.

Selling 706? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 706, Park Heights 2 Tower 1

Starts from the last sale price (AED 857K, 8 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 856,888
Deposit, UAE resident (20%)
AED 171,378
Deposit, non-resident (40%)
AED 342,755
Monthly over 25 years at 3.7%
AED 3,506

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