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2-bed · 986 sqftPark Ridge Tower C, Dubai Hills Estate · 1st floor · completed 2022

114, Park Ridge Tower C

Sold prices and rental history: sold once, by the developer in September 2021, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 114 · DLD and Ejari recordsUpdated 9 May 2024
Last soldAED 1.55M26 September 2021
Current rentAED 90K /yr9 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 114, Park Ridge Tower C

What is 114 worth today?

Last sold for AED 1,546,888 in 2021

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9 May 2024RentedNew contract
AED 90,000/yr12 months · AED 91 per sqft
10 May 2022RentedNew contract
AED 83,000/yr12 months · AED 85 per sqft
23 Dec 2021RentedNew contract
AED 70,000/yr12 months · AED 71 per sqft
26 Sep 2021Sold by developerReady
AED 1,546,888AED 1,568 per sqft

Source: Dubai Land Department. Updated 9 May 2024.

Key facts

Type
2-bed apartment
Size
986 sqft
Floor
1st of 22
Parking
B2-2254
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 20,600 /yr
Last sold
AED 1.55M · September 2021
Building
Park Ridge Tower C

About 114, Park Ridge Tower C

114 is a two-bedroom apartment of 986 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. The developer sold it on 26 September 2021 for AED 1,546,888, or AED 1,568 per sqft, in line with the AED 1,578 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 9 May 2024, is AED 90,000 a year: a gross yield of 5.8% on the 2021 price, before the service charge of about AED 20,600 a year.

Sales and rents for 114 over time

Sales
Unit 114, 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, September 2021: AED 1,546,888 (AED 1,568 per sqft)

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

Rents
Unit 114, 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, December 2021: AED 70,000 a yearNew contract, May 2022: AED 83,000 a yearNew contract, May 2024: AED 90,000 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 114 sits

All 202 2-beds →

114 last sold in September 2021 at AED 1,568 per sqft, in line with what two-beds in Park Ridge Tower C were fetching at the time (AED 1,578). 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. 114's AED 90,000 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

114, Park Ridge Tower C in numbers

  • Sold once: by Dubai Hills Estate on 26 September 2021 for AED 1,546,888, or AED 1,568 per sqft.
  • Rented since December 2021 on 3 Ejari contracts, from AED 70,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2021 price is 5.8%, before a service charge of about AED 20,600 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 9 May 2024.

Questions about 114, Park Ridge Tower C

What did unit 114 last sell for?

AED 1,546,888 on 26 September 2021, sold by the developer: AED 1,568 per sqft for 986 sqft. It is the only registered sale of the unit.

What is the rent for unit 114?

AED 90,000 a year on the contract signed on 9 May 2024. The previous contract, from May 2022, was AED 83,000; the unit has been rented since December 2021.

How big is unit 114?

986 sqft (91.6 sqm): a two-bedroom apartment on the 1st floor of a 22-storey tower completed in 2022.

What is unit 114 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 114, Park Ridge Tower C

Starts from the last sale price (AED 1.55M, 26 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,546,888
Deposit, UAE resident (20%)
AED 309,378
Deposit, non-resident (40%)
AED 618,755
Monthly over 25 years at 3.7%
AED 6,329

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