2-bed · 1,016 sqftPark Point B, Dubai Hills Estate · 4th floor · completed 2020

407, Park Point B

Sold prices and rental history: sold 4 times, last in October 2023, and rented once, from June 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 9 October 2023
Last soldAED 2.03M9 October 2023
Current rentAED 96K /yr24 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Park Point B

What is 407 worth today?

Last sold for AED 2,030,000 in 2023

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9 Oct 2023SoldReady
AED 2,030,000AED 1,997 per sqft
5 Dec 2022SoldReady
AED 1,430,000AED 1,407 per sqft
24 Jun 2022RentedNew contract
AED 96,000/yr12 months · AED 95 per sqft
29 Mar 2022SoldReady
AED 1,280,000AED 1,259 per sqft
19 Jun 2019Sold by developerOff-plan
AED 1,305,888AED 1,284 per sqft

Source: Dubai Land Department. Updated 9 October 2023.

Key facts

Type
2-bed apartment
Size
1,016 sqft
Floor
4th of 8
Parking
P079
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 21,400 /yr
Last sold
AED 2.03M · October 2023
Building
Park Point B

About 407, Park Point B

407 is a two-bedroom apartment of 1,016 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 9 October 2023 for AED 2,030,000, or AED 1,997 per sqft, 22% above the AED 1,636 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 June 2022. The current contract, signed on 24 June 2022, is AED 96,000 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 21,400 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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, June 2019: AED 1,305,888 (AED 1,284 per sqft)Sold, March 2022: AED 1,280,000 (AED 1,259 per sqft)Sold, December 2022: AED 1,430,000 (AED 1,407 per sqft)Sold, October 2023: AED 2,030,000 (AED 1,997 per sqft)

407 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 407, 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, June 2022: AED 96,000 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 407 sits

All 52 2-beds →

407 last sold in October 2023 at AED 1,997 per sqft, 22% above what two-beds in Park Point B were fetching at the time (AED 1,636). 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. 407's AED 96,000 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
4052-bedAED 1.8M · Apr 2023
4062-bedAED 1.31M · Mar 2019
4083-bedAED 2.02M · Jun 2019
1–7 of 12

407, Park Point B in numbers

  • Sold 4 times: first on 19 June 2019 for AED 1,305,888, last on 9 October 2023 for AED 2,030,000 (AED 1,997 per sqft).
  • Rented since June 2022 on one Ejari contract, at AED 96,000 a year.
  • At AED 96,000 a year the gross yield on the 2023 price is 4.7%, before a service charge of about AED 21,400 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 9 October 2023.

Questions about 407, Park Point B

What did unit 407 last sell for?

AED 2,030,000 on 9 October 2023: AED 1,997 per sqft for 1,016 sqft. The unit has 4 registered sales; the first was AED 1,305,888 in June 2019.

What is the rent for unit 407?

AED 96,000 a year on the contract signed on 24 June 2022.

How big is unit 407?

1,016 sqft (94.4 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2020.

What is unit 407 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 407, Park Point B

Starts from the last sale price (AED 2.03M, 9 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,030,000
Deposit, UAE resident (20%)
AED 406,000
Deposit, non-resident (40%)
AED 812,000
Monthly over 25 years at 3.7%
AED 8,305

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