2-bed · 1,049 sqftPark Point A, Dubai Hills Estate · 7th floor · completed 2020

706, Park Point A

Sold prices and rental history: sold twice, last in May 2024, 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 October 2024
Last soldAED 2.25M29 May 2024
Current rentAED 144K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Park Point A

What is 706 worth today?

Last sold for AED 2,250,000 in 2024

Unlock today's estimate, updated daily, with

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

1 Oct 2024RentedNew contract
AED 144,000/yr36 months · AED 137 per sqft
29 May 2024SoldReady
AED 2,250,000AED 2,143 per sqft
2 May 2023RentedRenewal
AED 75,000/yr9 months · AED 71 per sqft
2 May 2022RentedRenewal
AED 75,000/yr12 months · AED 71 per sqft
2 May 2021RentedNew contract
AED 75,000/yr12 months · AED 71 per sqft
28 Dec 2016Sold by developerOff-plan
AED 1,415,888AED 1,395 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
2-bed apartment
Size
1,049 sqft
Floor
7th of 9
Parking
G116
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 22,000 /yr
Last sold
AED 2.25M · May 2024
Building
Park Point A

About 706, Park Point A

706 is a two-bedroom apartment of 1,049 sqft on the 7th floor of Park Point A, a 9-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 29 May 2024 for AED 2,250,000, or AED 2,143 per sqft, 18% above the AED 1,818 two-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 October 2024, is AED 144,000 a year: a gross yield of 6.4% on the 2024 price, before the service charge of about AED 22,000 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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 1,415,888 (AED 1,395 per sqft)Sold, May 2024: AED 2,250,000 (AED 2,143 per sqft)

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

Rents
Unit 706, 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, May 2021: AED 75,000 a yearRenewal, May 2022: AED 75,000 a yearRenewal, May 2023: AED 75,000 a yearNew contract, October 2024: AED 144,000 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 706 sits

All 17 2-beds →

706 last sold in May 2024 at AED 2,143 per sqft, 18% above what two-beds in Park Point A were fetching at the time (AED 1,818). 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. 706's AED 144,000 is in the upper 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 7th floor

All 51 units in Park Point A
Value
7011-bedAED 928K · Dec 2016
7022-bedAED 2.1M · Aug 2023
7033-bedAED 3.18M · Jun 2024
7041-bedAED 845K · Dec 2016
7051-bedAED 790K · Jun 2021

706, Park Point A in numbers

  • Sold twice: first on 28 December 2016 for AED 1,415,888, last on 29 May 2024 for AED 2,250,000 (AED 2,143 per sqft).
  • Rented since May 2021 on 4 Ejari contracts, from AED 75,000 to AED 144,000 a year.
  • At AED 144,000 a year the gross yield on the 2024 price is 6.4%, before a service charge of about AED 22,000 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 1 October 2024.

Questions about 706, Park Point A

What did unit 706 last sell for?

AED 2,250,000 on 29 May 2024: AED 2,143 per sqft for 1,049 sqft. The unit has 2 registered sales; the first was AED 1,415,888 in December 2016.

What is the rent for unit 706?

AED 144,000 a year on the contract signed on 1 October 2024. The previous contract, from May 2023, was AED 75,000; the unit has been rented since May 2021.

How big is unit 706?

1,049 sqft (97.5 sqm): a two-bedroom apartment on the 7th floor of a 9-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. 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.

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 Point A

Starts from the last sale price (AED 2.25M, 29 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

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