2-bed · 989 sqftPark Ridge Tower C, Dubai Hills Estate · 11th floor · completed 2022

1115, Park Ridge Tower C

Sold prices and rental history: sold twice, last in February 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1115 · DLD and Ejari recordsUpdated 14 February 2024
Last soldAED 2.03M14 February 2024
Current rentAED 89K /yr25 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1115, Park Ridge Tower C

What is 1115 worth today?

Last sold for AED 2,025,000 in 2024

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14 Feb 2024SoldReady
AED 2,025,000AED 2,047 per sqft
25 Mar 2023RentedRenewal
AED 88,550/yr12 months · AED 90 per sqft
25 Nov 2022RentedRenewal
AED 75,945/yr4 months · AED 77 per sqft
25 Nov 2021RentedNew contract
AED 77,000/yr12 months · AED 78 per sqft
13 May 2019Sold by developerOff-plan
AED 1,335,888AED 1,350 per sqft

Source: Dubai Land Department. Updated 14 February 2024.

Key facts

Type
2-bed apartment
Size
989 sqft
Floor
11th of 22
Parking
B2-2371
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 20,700 /yr
Last sold
AED 2.03M · February 2024

About 1115, Park Ridge Tower C

1115 is a two-bedroom apartment of 989 sqft on the 11th 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 14 February 2024 for AED 2,025,000, or AED 2,047 per sqft, in line with the AED 2,047 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 25 March 2023, is AED 88,550 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 20,700 a year.

Sales and rents for 1115 over time

Sales
Unit 1115, each saleTypical two-bed in Park Ridge Tower C
2M2017202020232026Typical 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, May 2019: AED 1,335,888 (AED 1,350 per sqft)Sold, February 2024: AED 2,025,000 (AED 2,047 per sqft)

1115 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1115, 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 77,000 a yearRenewal, November 2022: AED 75,945 a yearRenewal, March 2023: AED 88,550 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 1115 sits

All 202 2-beds →

1115 last sold in February 2024 at AED 2,047 per sqft, in line with what two-beds in Park Ridge Tower C were fetching at the time (AED 2,047). 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. 1115's AED 88,550 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 11th floor

All 476 units in Park Ridge Tower C
Value
11011-bedAED 962K · Feb 2019
11021-bedAED 955K · Jun 2019
11031-bedAED 1.6M · May 2025
11041-bedAED 956K · Jul 2019
11051-bedAED 1.43M · Apr 2023
11061-bedAED 1000K · Feb 2018
11072-bedAED 1.47M · Feb 2019
1–7 of 20

1115, Park Ridge Tower C in numbers

  • Sold twice: first on 13 May 2019 for AED 1,335,888, last on 14 February 2024 for AED 2,025,000 (AED 2,047 per sqft).
  • Rented since November 2021 on 3 Ejari contracts, from AED 77,000 to AED 88,550 a year.
  • At AED 88,550 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 20,700 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 14 February 2024.

Questions about 1115, Park Ridge Tower C

What did unit 1115 last sell for?

AED 2,025,000 on 14 February 2024: AED 2,047 per sqft for 989 sqft. The unit has 2 registered sales; the first was AED 1,335,888 in May 2019.

What is the rent for unit 1115?

AED 88,550 a year on the contract renewed on 25 March 2023. The previous contract, from November 2022, was AED 75,945; the unit has been rented since November 2021.

How big is unit 1115?

989 sqft (91.9 sqm): a two-bedroom apartment on the 11th floor of a 22-storey tower completed in 2022.

What is unit 1115 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 1115, Park Ridge Tower C

Starts from the last sale price (AED 2.03M, 14 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,025,000
Deposit, UAE resident (20%)
AED 405,000
Deposit, non-resident (40%)
AED 810,000
Monthly over 25 years at 3.7%
AED 8,285

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