2-bed · 1,015 sqftPark Point A, Dubai Hills Estate · 4th floor · completed 2020

406, Park Point A

Sold prices and rental history: sold once, by the developer in December 2016, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 9 April 2024
Last soldAED 1.41M28 December 2016
Current rentAED 78K /yr9 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Park Point A

What is 406 worth today?

Last sold for AED 1,406,888 in 2016

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9 Apr 2024RentedRenewal
AED 78,100/yr12 months · AED 74 per sqft
9 Apr 2023RentedRenewal
AED 78,100/yr12 months · AED 74 per sqft
9 Apr 2022RentedRenewal
AED 73,000/yr12 months · AED 69 per sqft
9 Apr 2021RentedNew contract
AED 73,000/yr12 months · AED 69 per sqft
28 Dec 2016Sold by developerOff-plan
AED 1,406,888AED 1,386 per sqft

Source: Dubai Land Department. Updated 9 April 2024.

Key facts

Type
2-bed apartment
Size
1,015 sqft
Floor
4th of 9
Parking
G207
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 21,300 /yr
Last sold
AED 1.41M · December 2016
Building
Park Point A

About 406, Park Point A

406 is a two-bedroom apartment of 1,015 sqft on the 4th floor of Park Point A, a 9-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. The developer sold it on 28 December 2016 for AED 1,406,888, or AED 1,386 per sqft, in line with the AED 1,391 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 9 April 2024, is AED 78,100 a year: a gross yield of 5.5% on the 2016 price, before the service charge of about AED 21,300 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical two-bed in Park Point A
2M2016201920222025Typical sale price by year: 2016 AED 1,411,388; 2017 AED 1,409,888; 2021 AED 1,958,354; 2024 AED 2,375,000; 2026 AED 2,610,000Sold by developer, December 2016: AED 1,406,888 (AED 1,386 per sqft)

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

Rents
Unit 406, each contractTypical two-bed in Park Point A
100K200K2021202320252027Typical rent by year: 2021 AED 75,000; 2022 AED 78,000; 2023 AED 87,500; 2024 AED 139,500; 2025 AED 190,000; 2026 AED 165,000New contract, April 2021: AED 73,000 a yearRenewal, April 2022: AED 73,000 a yearRenewal, April 2023: AED 78,100 a yearRenewal, April 2024: AED 78,100 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Park Point A, and where 406 sits

All 17 2-beds →

406 last sold in December 2016 at AED 1,386 per sqft, in line with what two-beds in Park Point A were fetching at the time (AED 1,391). Over the last 12 months two-beds sold for AED 2,500,000 to 3,100,000, around AED 2,382 per sqft, and rent for AED 65,000 to 220,000 a year. 406's AED 78,100 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Apr 20263,100,000
16 Apr 20262,610,000
5 Jan 20262,500,000
14 Apr 20252,057,200
3 2-bed sales in the last 12 months

Park Point A

Building

51 apartments, 1-bed to 3-bed over 9 floors in Dubai Hills Estate, completed in 2020 by Dubai Hills Estate. 5 sold in the last 12 months.

Typical price per sqft
AED 2,382
Typical sale
AED 2.61M
Typical rent
AED 127K /yr
Typical yield
5.7%
Park Point A, Dubai Hills Estate: prices, sales and rents →

Other units on the 4th floor

All 51 units in Park Point A
Value
4011-bedAED 923K · Dec 2016
4022-bedAED 1.92M · Dec 2021
4033-bedAED 1.93M · May 2022
4041-bedAED 1.39M · Mar 2025
4051-bedAED 971K · Dec 2022

406, Park Point A in numbers

  • Sold once: by Dubai Hills Estate on 28 December 2016 for AED 1,406,888, or AED 1,386 per sqft.
  • Rented since April 2021 on 4 Ejari contracts, from AED 73,000 to AED 78,100 a year.
  • At AED 78,100 a year the gross yield on the 2016 price is 5.5%, before a service charge of about AED 21,300 a year (AED 21.01 per sqft).
  • Two-beds in Park Point A sold for AED 2,500,000–3,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,382 per sqft.

Source: Dubai Land Department. Updated 9 April 2024.

Questions about 406, Park Point A

What did unit 406 last sell for?

AED 1,406,888 on 28 December 2016, sold by the developer: AED 1,386 per sqft for 1,015 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 78,100 a year on the contract renewed on 9 April 2024. The previous contract, from April 2023, was AED 78,100; the unit has been rented since April 2021.

How big is unit 406?

1,015 sqft (94.3 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2020.

What is unit 406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Point A sold for AED 2,500,000 to 3,100,000 in the last 12 months, around AED 2,382 per sqft.

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Mortgage on 406, Park Point A

Starts from the last sale price (AED 1.41M, 28 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,406,888
Deposit, UAE resident (20%)
AED 281,378
Deposit, non-resident (40%)
AED 562,755
Monthly over 25 years at 3.7%
AED 5,756

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