2-bed · 998 sqftPark Ridge Tower C, Dubai Hills Estate · 1st floor · completed 2022

116, Park Ridge Tower C

Sold prices and rental history: sold once, by the developer in November 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 3 November 2021
Last soldAED 1.55M3 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 116, Park Ridge Tower C

What is 116 worth today?

Last sold for AED 1,552,888 in 2021

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3 Nov 2021Sold by developerReady
AED 1,552,888AED 1,556 per sqft

Source: Dubai Land Department. Updated 3 November 2021.

Key facts

Type
2-bed apartment
Size
998 sqft
Floor
1st of 22
Parking
B2-2259
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 20,900 /yr
Last sold
AED 1.55M · November 2021

About 116, Park Ridge Tower C

116 is a two-bedroom apartment of 998 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 3 November 2021 for AED 1,552,888, or AED 1,556 per sqft, in line with the AED 1,568 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 116 over time

Sales
Unit 116, 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, November 2021: AED 1,552,888 (AED 1,556 per sqft)

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

Rents
Unit 116, 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 130,000

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 116 sits

All 202 2-beds →

116 last sold in November 2021 at AED 1,556 per sqft, in line with what two-beds in Park Ridge Tower C were fetching at the time (AED 1,568). 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.

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

116, Park Ridge Tower C in numbers

  • Sold once: by Dubai Hills Estate on 3 November 2021 for AED 1,552,888, or AED 1,556 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 3 November 2021.

Questions about 116, Park Ridge Tower C

What did unit 116 last sell for?

AED 1,552,888 on 3 November 2021, sold by the developer: AED 1,556 per sqft for 998 sqft. It is the only registered sale of the unit.

How big is unit 116?

998 sqft (92.7 sqm): a two-bedroom apartment on the 1st floor of a 22-storey tower completed in 2022.

What is unit 116 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 116, Park Ridge Tower C

Starts from the last sale price (AED 1.55M, 3 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,552,888
Deposit, UAE resident (20%)
AED 310,578
Deposit, non-resident (40%)
AED 621,155
Monthly over 25 years at 3.7%
AED 6,353

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