2-bed · 1,033 sqftPark Point B, Dubai Hills Estate · 4th floor · completed 2020

405, Park Point B

Sold prices and rental history: sold twice, last in April 2023, and rented once, from September 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 7 April 2023
Last soldAED 1.8M7 April 2023
Current rentAED 78K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Park Point B

What is 405 worth today?

Last sold for AED 1,800,000 in 2023

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7 Apr 2023SoldReady
AED 1,800,000AED 1,743 per sqft
1 Sep 2021RentedNew contract
AED 78,000/yr12 months · AED 75 per sqft
11 Feb 2019Sold by developerOff-plan
AED 1,327,888AED 1,285 per sqft

Source: Dubai Land Department. Updated 7 April 2023.

Key facts

Type
2-bed apartment
Size
1,033 sqft
Floor
4th of 8
Parking
G149
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 21,700 /yr
Last sold
AED 1.8M · April 2023
Building
Park Point B

About 405, Park Point B

405 is a two-bedroom apartment of 1,033 sqft on the 4th floor of Park Point B, a 8-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 7 April 2023 for AED 1,800,000, or AED 1,743 per sqft, 12% above the AED 1,550 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2021. The current contract, signed on 1 September 2021, is AED 78,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 21,700 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical two-bed in Park Point B
1.5M2M2018202020222024Typical sale price by year: 2018 AED 1,329,388; 2019 AED 1,372,300; 2020 AED 1,329,888; 2021 AED 1,345,888; 2022 AED 1,451,444; 2023 AED 1,790,000; 2024 AED 1,950,000Sold by developer, February 2019: AED 1,327,888 (AED 1,285 per sqft)Sold, April 2023: AED 1,800,000 (AED 1,743 per sqft)

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

Rents
Unit 405, each contractTypical two-bed in Park Point B
100K2021202320252027Typical rent by year: 2021 AED 78,000; 2022 AED 83,500; 2023 AED 110,000; 2024 AED 133,500; 2025 AED 138,000; 2026 AED 132,500New contract, September 2021: AED 78,000 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 B, and where 405 sits

All 52 2-beds →

405 last sold in April 2023 at AED 1,743 per sqft, 12% above what two-beds in Park Point B were fetching at the time (AED 1,550). Over the last 12 months two-beds sold for AED 1,950,000 to 2,100,000, around AED 2,146 per sqft, and rent for AED 100,270 to 165,000 a year. 405's AED 78,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20262,100,000
1 Oct 20261,950,000
29 Aug 20252,600,000
8 Jul 20252,350,000
2 2-bed sales in the last 12 months

Park Point B

Building

94 apartments, 1-bed to 3-bed over 8 floors in Dubai Hills Estate, completed in 2020 by Dubai Hills Estate. 4 sold in the last 12 months.

Typical price per sqft
AED 2,214
Typical sale
AED 2.03M
Typical rent
AED 140K /yr
Typical yield
6.0%
Park Point B, Dubai Hills Estate: prices, sales and rents →

Other units on the 4th floor

All 94 units in Park Point B
Value
4012-bedAED 1.29M · Feb 2019
4022-bedAED 2.25M · Jan 2024
4032-bedAED 1.41M · May 2019
4043-bedAED 3.15M · Nov 2024
4062-bedAED 1.31M · Mar 2019
4072-bedAED 2.03M · Oct 2023
4083-bedAED 2.02M · Jun 2019
1–7 of 12

405, Park Point B in numbers

  • Sold twice: first on 11 February 2019 for AED 1,327,888, last on 7 April 2023 for AED 1,800,000 (AED 1,743 per sqft).
  • Rented since September 2021 on one Ejari contract, at AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 21,700 a year (AED 21.01 per sqft).
  • Two-beds in Park Point B sold for AED 1,950,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,214 per sqft.

Source: Dubai Land Department. Updated 7 April 2023.

Questions about 405, Park Point B

What did unit 405 last sell for?

AED 1,800,000 on 7 April 2023: AED 1,743 per sqft for 1,033 sqft. The unit has 2 registered sales; the first was AED 1,327,888 in February 2019.

What is the rent for unit 405?

AED 78,000 a year on the contract signed on 1 September 2021.

How big is unit 405?

1,033 sqft (96.0 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2020.

What is unit 405 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 B sold for AED 1,950,000 to 2,100,000 in the last 12 months, around AED 2,146 per sqft.

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Mortgage on 405, Park Point B

Starts from the last sale price (AED 1.8M, 7 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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