1-bed · 690 sqftPark Point C, Dubai Hills Estate · 5th floor · completed 2020

501, Park Point C

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

Unit 501 · DLD and Ejari recordsUpdated 23 June 2023
Last soldAED 900K18 November 2021
Current rentAED 80K /yr23 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Park Point C

What is 501 worth today?

Last sold for AED 900,000 in 2021

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23 Jun 2023RentedNew contract
AED 80,000/yr12 months · AED 116 per sqft
1 Dec 2022RentedNew contract
AED 80,000/yr12 months · AED 116 per sqft
20 Nov 2021RentedNew contract
AED 60,000/yr12 months · AED 87 per sqft
18 Nov 2021SoldReady
AED 900,000AED 1,305 per sqft
15 Feb 2017Sold by developerOff-plan
AED 958,888AED 1,390 per sqft

Source: Dubai Land Department. Updated 23 June 2023.

Key facts

Type
1-bed apartment
Size
690 sqft
Floor
5th of 8
Parking
P022
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 14,500 /yr
Last sold
AED 900K · November 2021
Building
Park Point C

About 501, Park Point C

501 is a one-bedroom apartment of 690 sqft on the 5th floor of Park Point C, a 8-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. It last sold on 18 November 2021 for AED 900,000, or AED 1,305 per sqft, 6% above the AED 1,229 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 23 June 2023, is AED 80,000 a year: a gross yield of 8.9% on the 2021 price, before the service charge of about AED 14,500 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical one-bed in Park Point C
1M1.25M2016201920222025Typical sale price by year: 2016 AED 923,388; 2017 AED 935,388; 2018 AED 922,888; 2019 AED 938,888; 2021 AED 837,500; 2022 AED 955,000; 2023 AED 1,100,000; 2024 AED 1,313,000Sold by developer, February 2017: AED 958,888 (AED 1,390 per sqft)Sold, November 2021: AED 900,000 (AED 1,305 per sqft)

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

Rents
Unit 501, each contractTypical one-bed in Park Point C
60K80K2021202320252027Typical rent by year: 2021 AED 55,000; 2022 AED 55,000; 2023 AED 61,500; 2024 AED 89,175; 2025 AED 90,000; 2026 AED 92,000New contract, November 2021: AED 60,000 a yearNew contract, December 2022: AED 80,000 a yearNew contract, June 2023: AED 80,000 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 Point C, and where 501 sits

All 56 1-beds →

501 last sold in November 2021 at AED 1,305 per sqft, 6% above what one-beds in Park Point C were fetching at the time (AED 1,229). Over the last 12 months one-beds sold for AED 1,300,000 to 1,600,000, around AED 2,087 per sqft, and rent for AED 63,000 to 125,000 a year. 501's AED 80,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Aug 20261,300,000
30 Jul 202619,211
27 Jul 202613,886
18 Mar 20261,600,000
6 1-bed sales in the last 12 months

Park Point C

Building

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

Typical price per sqft
AED 2,070
Typical sale
AED 1.93M
Typical rent
AED 100K /yr
Typical yield
6.4%
Park Point C, Dubai Hills Estate: prices, sales and rents →

Other units on the 5th floor

All 108 units in Park Point C
Value
5022-bedAED 1.4M · Feb 2017
5033-bedAED 3.15M · Jul 2024
5043-bedAED 1.9M · Feb 2017
5052-bedAED 2M · Jul 2023
5062-bedAED 2.5M · Feb 2026
5072-bedAED 1.8M · May 2026
5081-bedAED 915K · Feb 2017
1–7 of 15

501, Park Point C in numbers

  • Sold twice: first on 15 February 2017 for AED 958,888, last on 18 November 2021 for AED 900,000 (AED 1,305 per sqft).
  • Rented since November 2021 on 3 Ejari contracts, from AED 60,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2021 price is 8.9%, before a service charge of about AED 14,500 a year (AED 21.01 per sqft).
  • One-beds in Park Point C sold for AED 1,300,000–1,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,070 per sqft.

Source: Dubai Land Department. Updated 23 June 2023.

Questions about 501, Park Point C

What did unit 501 last sell for?

AED 900,000 on 18 November 2021: AED 1,305 per sqft for 690 sqft. The unit has 2 registered sales; the first was AED 958,888 in February 2017.

What is the rent for unit 501?

AED 80,000 a year on the contract signed on 23 June 2023. The previous contract, from December 2022, was AED 80,000; the unit has been rented since November 2021.

How big is unit 501?

690 sqft (64.1 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2020.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Point C sold for AED 1,300,000 to 1,600,000 in the last 12 months, around AED 2,087 per sqft.

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Mortgage on 501, Park Point C

Starts from the last sale price (AED 900K, 18 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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