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1-bed · 664 sqftPark Ridge Tower C, Dubai Hills Estate · 12th floor · completed 2022

1201, Park Ridge Tower C

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

Unit 1201 · DLD and Ejari recordsUpdated 10 November 2022
Last soldAED 1.25M10 November 2022
Current rentAED 60K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1201, Park Ridge Tower C

What is 1201 worth today?

Last sold for AED 1,250,000 in 2022

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10 Nov 2022SoldReady
AED 1,250,000AED 1,881 per sqft
1 Sep 2022RentedNew contract
AED 60,000/yr12 months · AED 90 per sqft
8 Oct 2019Sold by developerOff-plan
AED 963,888AED 1,472 per sqft

Source: Dubai Land Department. Updated 10 November 2022.

Key facts

Type
1-bed apartment
Size
664 sqft
Floor
12th of 22
Parking
B2-2218
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 13,900 /yr
Last sold
AED 1.25M · November 2022
Building
Park Ridge Tower C

About 1201, Park Ridge Tower C

1201 is a one-bedroom apartment of 664 sqft on the 12th 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 10 November 2022 for AED 1,250,000, or AED 1,881 per sqft, 14% above the AED 1,655 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2022. The current contract, signed on 1 September 2022, is AED 60,000 a year: a gross yield of 4.8% on the 2022 price, before the service charge of about AED 13,900 a year.

Sales and rents for 1201 over time

Sales
Unit 1201, each saleTypical one-bed in Park Ridge Tower C
1M1.5M2017202020232026Typical sale price by year: 2017 AED 958,888; 2018 AED 952,888; 2019 AED 964,888; 2020 AED 1,006,888; 2021 AED 850,000; 2022 AED 1,071,444; 2023 AED 1,230,000; 2024 AED 1,450,000; 2025 AED 1,550,000; 2026 AED 1,580,000Sold by developer, October 2019: AED 963,888 (AED 1,472 per sqft)Sold, November 2022: AED 1,250,000 (AED 1,881 per sqft)

1201 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1201, each contractTypical one-bed in Park Ridge Tower C
60K80K100K2021202320252027Typical rent by year: 2021 AED 55,000; 2022 AED 60,000; 2023 AED 68,000; 2024 AED 86,000; 2025 AED 95,000; 2026 AED 90,000New contract, September 2022: AED 60,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Park Ridge Tower C, and where 1201 sits

All 226 1-beds →

1201 last sold in November 2022 at AED 1,881 per sqft, 14% above what one-beds in Park Ridge Tower C were fetching at the time (AED 1,655). Over the last 12 months one-beds sold for AED 1,425,000 to 1,706,900, around AED 2,390 per sqft, and rent for AED 54,000 to 192,774 a year. 1201's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Nov 20261,425,000
13 Jul 20261,530,000
1 Jul 20261,690,000
10 Apr 20261,706,900
7 1-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 12th floor

All 476 units in Park Ridge Tower C
Value
12021-bedAED 957K · Sep 2018
12031-bedAED 950K · Feb 2019
12041-bedAED 958K · Mar 2019
12051-bedAED 1.55M · Jan 2026
12061-bedAED 1M · Apr 2018
12072-bedAED 1.47M · Mar 2019
12082-bedAED 1.6M · Mar 2022
1–7 of 20

1201, Park Ridge Tower C in numbers

  • Sold twice: first on 8 October 2019 for AED 963,888, last on 10 November 2022 for AED 1,250,000 (AED 1,881 per sqft).
  • Rented since September 2022 on one Ejari contract, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2022 price is 4.8%, before a service charge of about AED 13,900 a year (AED 20.90 per sqft).
  • One-beds in Park Ridge Tower C sold for AED 1,425,000–1,706,900 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 10 November 2022.

Questions about 1201, Park Ridge Tower C

What did unit 1201 last sell for?

AED 1,250,000 on 10 November 2022: AED 1,881 per sqft for 664 sqft. The unit has 2 registered sales; the first was AED 963,888 in October 2019.

What is the rent for unit 1201?

AED 60,000 a year on the contract signed on 1 September 2022.

How big is unit 1201?

664 sqft (61.7 sqm): a one-bedroom apartment on the 12th floor of a 22-storey tower completed in 2022.

What is unit 1201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Ridge Tower C sold for AED 1,425,000 to 1,706,900 in the last 12 months, around AED 2,390 per sqft.

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Mortgage on 1201, Park Ridge Tower C

Starts from the last sale price (AED 1.25M, 10 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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