1-bed · 649 sqftPark Ridge Tower C, Dubai Hills Estate · 13th floor · completed 2022

1311, Park Ridge Tower C

Sold prices and rental history: sold 3 times, last in November 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1311 · DLD and Ejari recordsUpdated 25 March 2024
Last soldAED 1.1M10 November 2022
Current rentAED 95K /yr25 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1311, Park Ridge Tower C

What is 1311 worth today?

Last sold for AED 1,100,000 in 2022

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25 Mar 2024RentedNew contract
AED 95,000/yr12 months · AED 147 per sqft
8 Mar 2023RentedNew contract
AED 60,000/yr12 months · AED 93 per sqft
10 Nov 2022SoldReady
AED 1,100,000AED 1,695 per sqft
12 May 2022SoldReady
AED 836,455AED 1,289 per sqft
7 Mar 2022RentedNew contract
AED 59,839/yr12 months · AED 93 per sqft
13 Nov 2017Sold by developerOff-plan
AED 904,888AED 1,394 per sqft

Source: Dubai Land Department. Updated 25 March 2024.

Key facts

Type
1-bed apartment
Size
649 sqft
Floor
13th of 22
Parking
B1-1188
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 13,600 /yr
Last sold
AED 1.1M · November 2022

About 1311, Park Ridge Tower C

1311 is a one-bedroom apartment of 649 sqft on the 13th 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 1,100,000, or AED 1,695 per sqft, in line with the AED 1,655 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 25 March 2024, is AED 95,000 a year: a gross yield of 8.6% on the 2022 price, before the service charge of about AED 13,600 a year.

Sales and rents for 1311 over time

Sales
Unit 1311, 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, November 2017: AED 904,888 (AED 1,394 per sqft)Sold, May 2022: AED 836,455 (AED 1,289 per sqft)Sold, November 2022: AED 1,100,000 (AED 1,695 per sqft)

1311 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1311, 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, March 2022: AED 59,839 a yearNew contract, March 2023: AED 60,000 a yearNew contract, March 2024: AED 95,000 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 1311 sits

All 226 1-beds →

1311 last sold in November 2022 at AED 1,695 per sqft, in line with 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. 1311's AED 95,000 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 13th floor

All 476 units in Park Ridge Tower C
Value
13011-bedAED 1M · Feb 2024
13021-bedAED 770K · Sep 2021
13031-bedAED 1.61M · Jan 2026
13041-bedAED 981K · Jan 2019
13051-bedAED 955K · Jun 2018
13061-bedAED 800K · May 2019
13072-bedAED 1.48M · Dec 2018
1–7 of 20

1311, Park Ridge Tower C in numbers

  • Sold 3 times: first on 13 November 2017 for AED 904,888, last on 10 November 2022 for AED 1,100,000 (AED 1,695 per sqft).
  • Rented since March 2022 on 3 Ejari contracts, from AED 59,839 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2022 price is 8.6%, before a service charge of about AED 13,600 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 25 March 2024.

Questions about 1311, Park Ridge Tower C

What did unit 1311 last sell for?

AED 1,100,000 on 10 November 2022: AED 1,695 per sqft for 649 sqft. The unit has 3 registered sales; the first was AED 904,888 in November 2017.

What is the rent for unit 1311?

AED 95,000 a year on the contract signed on 25 March 2024. The previous contract, from March 2023, was AED 60,000; the unit has been rented since March 2022.

How big is unit 1311?

649 sqft (60.3 sqm): a one-bedroom apartment on the 13th floor of a 22-storey tower completed in 2022.

What is unit 1311 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 1311, Park Ridge Tower C

Starts from the last sale price (AED 1.1M, 10 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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