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2-bed · 1,003 sqftPark Ridge Tower C, Dubai Hills Estate · 12th floor · completed 2022

1216, Park Ridge Tower C

Sold prices and rental history: sold twice, last in July 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1216 · DLD and Ejari recordsUpdated 9 July 2024
Last soldAED 2.05M9 July 2024
Current rentAED 120K /yr9 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1216, Park Ridge Tower C

What is 1216 worth today?

Last sold for AED 2,050,000 in 2024

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9 Jul 2024SoldReady
AED 2,050,000AED 2,044 per sqft
9 Jul 2023RentedNew contract
AED 120,000/yr12 months · AED 120 per sqft
23 Feb 2022RentedNew contract
AED 82,500/yr12 months · AED 82 per sqft
25 Feb 2019Sold by developerOff-plan
AED 1,343,888AED 1,340 per sqft

Source: Dubai Land Department. Updated 9 July 2024.

Key facts

Type
2-bed apartment
Size
1,003 sqft
Floor
12th of 22
Parking
B2-2377
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 21,000 /yr
Last sold
AED 2.05M · July 2024
Building
Park Ridge Tower C

About 1216, Park Ridge Tower C

1216 is a two-bedroom apartment of 1,003 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 9 July 2024 for AED 2,050,000, or AED 2,044 per sqft, 5% below the AED 2,159 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 9 July 2023, is AED 120,000 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 21,000 a year.

Sales and rents for 1216 over time

Sales
Unit 1216, 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, February 2019: AED 1,343,888 (AED 1,340 per sqft)Sold, July 2024: AED 2,050,000 (AED 2,044 per sqft)

1216 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1216, 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, February 2022: AED 82,500 a yearNew contract, July 2023: AED 120,000 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 1216 sits

All 202 2-beds →

1216 last sold in July 2024 at AED 2,044 per sqft, 5% below what two-beds in Park Ridge Tower C were fetching at the time (AED 2,159). 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. 1216's AED 120,000 is in the lower half 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 12th floor

All 476 units in Park Ridge Tower C
Value
12011-bedAED 1.25M · Nov 2022
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
1–7 of 20

1216, Park Ridge Tower C in numbers

  • Sold twice: first on 25 February 2019 for AED 1,343,888, last on 9 July 2024 for AED 2,050,000 (AED 2,044 per sqft).
  • Rented since February 2022 on 2 Ejari contracts, from AED 82,500 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2024 price is 5.9%, before a service charge of about AED 21,000 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 July 2024.

Questions about 1216, Park Ridge Tower C

What did unit 1216 last sell for?

AED 2,050,000 on 9 July 2024: AED 2,044 per sqft for 1,003 sqft. The unit has 2 registered sales; the first was AED 1,343,888 in February 2019.

What is the rent for unit 1216?

AED 120,000 a year on the contract signed on 9 July 2023. The previous contract, from February 2022, was AED 82,500.

How big is unit 1216?

1,003 sqft (93.2 sqm): a two-bedroom apartment on the 12th floor of a 22-storey tower completed in 2022.

What is unit 1216 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 1216, Park Ridge Tower C

Starts from the last sale price (AED 2.05M, 9 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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