2-bed · 993 sqftPark Ridge Tower C, Dubai Hills Estate · 1st floor · completed 2022

109, Park Ridge Tower C

Sold prices and rental history: sold 4 times, last in June 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 109 · DLD and Ejari recordsUpdated 8 June 2023
Last soldAED 2.3M8 June 2023
Current rentAED 98K /yr22 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 109, Park Ridge Tower C

What is 109 worth today?

Last sold for AED 2,300,000 in 2023

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8 Jun 2023SoldReady
AED 2,300,000AED 2,316 per sqft
1 May 2023SoldReady
AED 850,000AED 855 per sqft
3 Jan 2023SoldReady
AED 850,000AED 855 per sqft
22 May 2022RentedNew contract
AED 98,000/yr12 months · AED 99 per sqft
8 Nov 2021RentedNew contract
AED 92,000/yr12 months · AED 93 per sqft
24 Nov 2020Sold by developerOff-plan
AED 1,592,888AED 1,603 per sqft

Source: Dubai Land Department. Updated 8 June 2023.

Key facts

Type
2-bed apartment
Size
993 sqft
Floor
1st of 22
Parking
B1-1127
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 20,800 /yr
Last sold
AED 2.3M · June 2023

About 109, Park Ridge Tower C

109 is a two-bedroom apartment of 993 sqft on the 1st 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 8 June 2023 for AED 2,300,000, or AED 2,316 per sqft, 32% above the AED 1,758 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 22 May 2022, is AED 98,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 20,800 a year.

Sales and rents for 109 over time

Sales
Unit 109, each saleTypical two-bed in Park Ridge Tower C
1M2M2017202020232026Typical 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, November 2020: AED 1,592,888 (AED 1,603 per sqft)Sold, January 2023: AED 850,000 (AED 855 per sqft)Sold, May 2023: AED 850,000 (AED 855 per sqft)Sold, June 2023: AED 2,300,000 (AED 2,316 per sqft)

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

Rents
Unit 109, 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, November 2021: AED 92,000 a yearNew contract, May 2022: AED 98,000 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 Ridge Tower C, and where 109 sits

All 202 2-beds →

109 last sold in June 2023 at AED 2,316 per sqft, 32% above what two-beds in Park Ridge Tower C were fetching at the time (AED 1,758). 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. 109's AED 98,000 is at the bottom 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 1st floor

All 476 units in Park Ridge Tower C
Value
1011-bedAED 908K · Aug 2018
1021-bedAED 1.2M · Aug 2023
1031-bedAED 895K · Jul 2019
1041-bedAED 903K · Sep 2018
1051-bedAED 898K · Mar 2019
1061-bedAED 1.45M · Jun 2023
1072-bedAED 1.59M · Jul 2021
1–7 of 20

109, Park Ridge Tower C in numbers

  • Sold 4 times: first on 24 November 2020 for AED 1,592,888, last on 8 June 2023 for AED 2,300,000 (AED 2,316 per sqft).
  • Rented since November 2021 on 2 Ejari contracts, from AED 92,000 to AED 98,000 a year.
  • At AED 98,000 a year the gross yield on the 2023 price is 4.3%, 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 8 June 2023.

Questions about 109, Park Ridge Tower C

What did unit 109 last sell for?

AED 2,300,000 on 8 June 2023: AED 2,316 per sqft for 993 sqft. The unit has 4 registered sales; the first was AED 1,592,888 in November 2020.

What is the rent for unit 109?

AED 98,000 a year on the contract signed on 22 May 2022. The previous contract, from November 2021, was AED 92,000.

How big is unit 109?

993 sqft (92.3 sqm): a two-bedroom apartment on the 1st floor of a 22-storey tower completed in 2022.

What is unit 109 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 109, Park Ridge Tower C

Starts from the last sale price (AED 2.3M, 8 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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