2-bed · 996 sqftPark Ridge Tower C, Dubai Hills Estate · 14th floor · completed 2022

1408, Park Ridge Tower C

Sold prices and rental history: sold once, by the developer in October 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1408 · DLD and Ejari recordsUpdated 9 November 2024
Last soldAED 1.54M29 October 2018
Current rentAED 170K /yr9 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1408, Park Ridge Tower C

What is 1408 worth today?

Last sold for AED 1,542,888 in 2018

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9 Nov 2024RentedNew contract
AED 170,000/yr12 months · AED 170 per sqft
20 Dec 2023RentedRenewal
AED 125,000/yr12 months · AED 126 per sqft
20 Dec 2022RentedRenewal
AED 110,000/yr12 months · AED 111 per sqft
20 Dec 2021RentedNew contract
AED 95,000/yr12 months · AED 95 per sqft
29 Oct 2018Sold by developerOff-plan
AED 1,542,888AED 1,549 per sqft

Source: Dubai Land Department. Updated 9 November 2024.

Key facts

Type
2-bed apartment
Size
996 sqft
Floor
14th of 22
Parking
B2-2416
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 20,800 /yr
Last sold
AED 1.54M · October 2018

About 1408, Park Ridge Tower C

1408 is a two-bedroom apartment of 996 sqft on the 14th 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 29 October 2018 for AED 1,542,888, or AED 1,549 per sqft, 4% above the AED 1,487 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 9 November 2024, is AED 170,000 a year: a gross yield of 11.0% on the 2018 price, before the service charge of about AED 20,800 a year.

Sales and rents for 1408 over time

Sales
Unit 1408, 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, October 2018: AED 1,542,888 (AED 1,549 per sqft)

1408 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1408, 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 95,000 a yearRenewal, December 2022: AED 110,000 a yearRenewal, December 2023: AED 125,000 a yearNew contract, November 2024: AED 170,000 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 1408 sits

All 202 2-beds →

1408 last sold in October 2018 at AED 1,549 per sqft, 4% above what two-beds in Park Ridge Tower C were fetching at the time (AED 1,487). 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. 1408's AED 170,000 is in the upper 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 14th floor

All 476 units in Park Ridge Tower C
Value
14011-bedAED 1.01M · Jan 2019
14021-bedAED 1.14M · Nov 2021
14031-bedAED 995K · Dec 2022
14041-bedAED 1.55M · Sep 2025
14051-bedAED 550K · Jul 2023
14061-bedAED 1.14M · May 2022
14072-bedAED 2.5M · Mar 2024
1–7 of 20

1408, Park Ridge Tower C in numbers

  • Sold once: by Dubai Hills Estate on 29 October 2018 for AED 1,542,888, or AED 1,549 per sqft.
  • Rented since December 2021 on 4 Ejari contracts, from AED 95,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2018 price is 11.0%, before a service charge of about AED 20,800 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 November 2024.

Questions about 1408, Park Ridge Tower C

What did unit 1408 last sell for?

AED 1,542,888 on 29 October 2018, sold by the developer: AED 1,549 per sqft for 996 sqft. It is the only registered sale of the unit.

What is the rent for unit 1408?

AED 170,000 a year on the contract signed on 9 November 2024. The previous contract, from December 2023, was AED 125,000; the unit has been rented since December 2021.

How big is unit 1408?

996 sqft (92.5 sqm): a two-bedroom apartment on the 14th floor of a 22-storey tower completed in 2022.

What is unit 1408 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 1408, Park Ridge Tower C

Starts from the last sale price (AED 1.54M, 29 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,542,888
Deposit, UAE resident (20%)
AED 308,578
Deposit, non-resident (40%)
AED 617,155
Monthly over 25 years at 3.7%
AED 6,312

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