2-bed · 995 sqftPark Ridge Tower C, Dubai Hills Estate · 10th floor · completed 2022

1009, Park Ridge Tower C

Sold prices and rental history: sold twice, last in June 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1009 · DLD and Ejari recordsUpdated 12 June 2024
Last soldAED 2.53M12 June 2024
Current rentAED 105K /yr20 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1009, Park Ridge Tower C

What is 1009 worth today?

Last sold for AED 2,525,000 in 2024

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12 Jun 2024SoldReady
AED 2,525,000AED 2,538 per sqft
20 Feb 2024RentedRenewal
AED 105,069/yr8 months · AED 106 per sqft
20 Feb 2023RentedRenewal
AED 105,600/yr12 months · AED 107 per sqft
20 Feb 2022RentedNew contract
AED 96,000/yr12 months · AED 97 per sqft
24 Dec 2017Sold by developerOff-plan
AED 1,474,888AED 1,482 per sqft

Source: Dubai Land Department. Updated 12 June 2024.

Key facts

Type
2-bed apartment
Size
995 sqft
Floor
10th of 22
Parking
B2-2494
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 20,800 /yr
Last sold
AED 2.53M · June 2024

About 1009, Park Ridge Tower C

1009 is a two-bedroom apartment of 995 sqft on the 10th floor of Park Ridge Tower C, a 22-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. It last sold on 12 June 2024 for AED 2,525,000, or AED 2,538 per sqft, 18% above the AED 2,160 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 20 February 2024, is AED 105,069 a year: a gross yield of 4.2% on the 2024 price, before the service charge of about AED 20,800 a year.

Sales and rents for 1009 over time

Sales
Unit 1009, each saleTypical two-bed in Park Ridge Tower C
1.5M2M2.5M2017202020232026Typical sale price by year: 2017 AED 1,490,888; 2018 AED 1,480,388; 2019 AED 1,476,888; 2020 AED 1,529,888; 2021 AED 1,574,395; 2022 AED 1,650,000; 2023 AED 2,000,000; 2024 AED 2,500,000; 2025 AED 2,560,000; 2026 AED 2,390,000Sold by developer, December 2017: AED 1,474,888 (AED 1,482 per sqft)Sold, June 2024: AED 2,525,000 (AED 2,538 per sqft)

1009 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1009, each contractTypical two-bed in Park Ridge Tower C
100K150K2021202320252027Typical rent by year: 2021 AED 90,000; 2022 AED 90,000; 2023 AED 110,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 130,000New contract, February 2022: AED 96,000 a yearRenewal, February 2023: AED 105,600 a yearRenewal, February 2024: AED 105,069 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 Ridge Tower C, and where 1009 sits

All 202 2-beds →

1009 last sold in June 2024 at AED 2,538 per sqft, 18% above what two-beds in Park Ridge Tower C were fetching at the time (AED 2,160). Over the last 12 months two-beds sold for AED 2,140,000 to 2,560,000, around AED 2,434 per sqft, and rent for AED 100,000 to 200,000 a year. 1009's AED 105,069 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20262,450,000
16 Oct 20262,140,000
10 Aug 202693,687
4 Jun 20262,380,000
10 2-bed sales in the last 12 months

Park Ridge Tower C

Building

476 apartments, 1-bed to 3-bed over 22 floors in Dubai Hills Estate, completed in 2022 by Dubai Hills Estate. 21 sold in the last 12 months.

Typical price per sqft
AED 2,445 Up 1.4%
Typical sale
AED 2.38M
Typical rent
AED 110K /yr
Typical yield
5.5%
Park Ridge Tower C, Dubai Hills Estate: prices, sales and rents →

Other units on the 10th floor

All 476 units in Park Ridge Tower C
Value
10011-bedAED 960K · Jun 2019
10021-bedAED 1.15M · Jul 2023
10031-bedAED 947K · Jun 2018
10041-bedAED 974K · Feb 2019
10051-bedAED 1.12M · Nov 2021
10061-bedAED 1.75M · Jan 2025
10072-bedAED 1.61M · Nov 2019
1–7 of 20

1009, Park Ridge Tower C in numbers

  • Sold twice: first on 24 December 2017 for AED 1,474,888, last on 12 June 2024 for AED 2,525,000 (AED 2,538 per sqft).
  • Rented since February 2022 on 3 Ejari contracts, from AED 96,000 to AED 105,069 a year.
  • At AED 105,069 a year the gross yield on the 2024 price is 4.2%, before a service charge of about AED 20,800 a year (AED 20.90 per sqft).
  • Two-beds in Park Ridge Tower C sold for AED 2,140,000–2,560,000 in the 12 months to November 2026; the building's median across all types is AED 2,445 per sqft.

Source: Dubai Land Department. Updated 12 June 2024.

Questions about 1009, Park Ridge Tower C

What did unit 1009 last sell for?

AED 2,525,000 on 12 June 2024: AED 2,538 per sqft for 995 sqft. The unit has 2 registered sales; the first was AED 1,474,888 in December 2017.

What is the rent for unit 1009?

AED 105,069 a year on the contract renewed on 20 February 2024. The previous contract, from February 2023, was AED 105,600; the unit has been rented since February 2022.

How big is unit 1009?

995 sqft (92.4 sqm): a two-bedroom apartment on the 10th floor of a 22-storey tower completed in 2022.

What is unit 1009 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Ridge Tower C sold for AED 2,140,000 to 2,560,000 in the last 12 months, around AED 2,434 per sqft.

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Mortgage on 1009, Park Ridge Tower C

Starts from the last sale price (AED 2.53M, 12 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,525,000
Deposit, UAE resident (20%)
AED 505,000
Deposit, non-resident (40%)
AED 1,010,000
Monthly over 25 years at 3.7%
AED 10,331

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