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1-bed · 649 sqftPark Ridge Tower C, Dubai Hills Estate · 15th floor · completed 2022

1505, Park Ridge Tower C

Sold prices and rental history: sold 3 times, last in January 2024, and rented once, from October 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1505 · DLD and Ejari recordsUpdated 15 January 2024
Last soldAED 1.3M15 January 2024
Current rentAED 57K /yr3 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1505, Park Ridge Tower C

What is 1505 worth today?

Last sold for AED 1,300,000 in 2024

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15 Jan 2024SoldReady
AED 1,300,000AED 2,004 per sqft
3 Oct 2022RentedNew contract
AED 57,000/yr12 months · AED 88 per sqft
15 Jul 2022SoldReady
AED 975,000AED 1,503 per sqft
11 Mar 2019Sold by developerOff-plan
AED 958,888AED 1,478 per sqft

Source: Dubai Land Department. Updated 15 January 2024.

Key facts

Type
1-bed apartment
Size
649 sqft
Floor
15th of 22
Parking
B1-1241
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 13,600 /yr
Last sold
AED 1.3M · January 2024
Building
Park Ridge Tower C

About 1505, Park Ridge Tower C

1505 is a one-bedroom apartment of 649 sqft on the 15th 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 15 January 2024 for AED 1,300,000, or AED 2,004 per sqft, 7% above the AED 1,866 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 3 October 2022. The current contract, signed on 3 October 2022, is AED 57,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 13,600 a year.

Sales and rents for 1505 over time

Sales
Unit 1505, 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, March 2019: AED 958,888 (AED 1,478 per sqft)Sold, July 2022: AED 975,000 (AED 1,503 per sqft)Sold, January 2024: AED 1,300,000 (AED 2,004 per sqft)

1505 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1505, 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, October 2022: AED 57,000 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 1505 sits

All 226 1-beds →

1505 last sold in January 2024 at AED 2,004 per sqft, 7% above what one-beds in Park Ridge Tower C were fetching at the time (AED 1,866). 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. 1505's AED 57,000 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 15th floor

All 476 units in Park Ridge Tower C
Value
15011-bedAED 970K · May 2019
15021-bedAED 1.59M · Mar 2025
15031-bedAED 956K · Mar 2019
15041-bedAED 1.45M · Sep 2024
15061-bedAED 1.01M · Nov 2017
15072-bedAED 2.7M · May 2024
15082-bedAED 1.48M · May 2019
1–7 of 20

1505, Park Ridge Tower C in numbers

  • Sold 3 times: first on 11 March 2019 for AED 958,888, last on 15 January 2024 for AED 1,300,000 (AED 2,004 per sqft).
  • Rented since October 2022 on one Ejari contract, at AED 57,000 a year.
  • At AED 57,000 a year the gross yield on the 2024 price is 4.4%, 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 15 January 2024.

Questions about 1505, Park Ridge Tower C

What did unit 1505 last sell for?

AED 1,300,000 on 15 January 2024: AED 2,004 per sqft for 649 sqft. The unit has 3 registered sales; the first was AED 958,888 in March 2019.

What is the rent for unit 1505?

AED 57,000 a year on the contract signed on 3 October 2022.

How big is unit 1505?

649 sqft (60.3 sqm): a one-bedroom apartment on the 15th floor of a 22-storey tower completed in 2022.

What is unit 1505 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 1505, Park Ridge Tower C

Starts from the last sale price (AED 1.3M, 15 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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