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1-bed · 642 sqftPark Ridge Tower C, Dubai Hills Estate · 15th floor · completed 2022

1512, Park Ridge Tower C

Sold prices and rental history: sold once, by the developer in March 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1512 · DLD and Ejari recordsUpdated 4 March 2024
Last soldAED 920K10 March 2019
Current rentAED 58K /yr4 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1512, Park Ridge Tower C

What is 1512 worth today?

Last sold for AED 919,888 in 2019

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4 Mar 2024RentedRenewal
AED 57,750/yr12 months · AED 89 per sqft
4 Mar 2023RentedRenewal
AED 55,000/yr12 months · AED 85 per sqft
4 Mar 2022RentedNew contract
AED 55,000/yr12 months · AED 85 per sqft
10 Mar 2019Sold by developerOff-plan
AED 919,888AED 1,432 per sqft

Source: Dubai Land Department. Updated 4 March 2024.

Key facts

Type
1-bed apartment
Size
642 sqft
Floor
15th of 22
Parking
B1-1182
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 13,400 /yr
Last sold
AED 920K · March 2019
Building
Park Ridge Tower C

About 1512, Park Ridge Tower C

1512 is a one-bedroom apartment of 642 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. The developer sold it on 10 March 2019 for AED 919,888, or AED 1,432 per sqft, in line with the AED 1,469 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 4 March 2024, is AED 57,750 a year: a gross yield of 6.3% on the 2019 price, before the service charge of about AED 13,400 a year.

Sales and rents for 1512 over time

Sales
Unit 1512, 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 919,888 (AED 1,432 per sqft)

1512 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1512, 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 55,000 a yearRenewal, March 2023: AED 55,000 a yearRenewal, March 2024: AED 57,750 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 1512 sits

All 226 1-beds →

1512 last sold in March 2019 at AED 1,432 per sqft, in line with what one-beds in Park Ridge Tower C were fetching at the time (AED 1,469). 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. 1512's AED 57,750 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
15051-bedAED 1.3M · Jan 2024
15061-bedAED 1.01M · Nov 2017
15072-bedAED 2.7M · May 2024
1–7 of 20

1512, Park Ridge Tower C in numbers

  • Sold once: by Dubai Hills Estate on 10 March 2019 for AED 919,888, or AED 1,432 per sqft.
  • Rented since March 2022 on 3 Ejari contracts, from AED 55,000 to AED 57,750 a year.
  • At AED 57,750 a year the gross yield on the 2019 price is 6.3%, before a service charge of about AED 13,400 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 4 March 2024.

Questions about 1512, Park Ridge Tower C

What did unit 1512 last sell for?

AED 919,888 on 10 March 2019, sold by the developer: AED 1,432 per sqft for 642 sqft. It is the only registered sale of the unit.

What is the rent for unit 1512?

AED 57,750 a year on the contract renewed on 4 March 2024. The previous contract, from March 2023, was AED 55,000; the unit has been rented since March 2022.

How big is unit 1512?

642 sqft (59.6 sqm): a one-bedroom apartment on the 15th floor of a 22-storey tower completed in 2022.

What is unit 1512 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 1512, Park Ridge Tower C

Starts from the last sale price (AED 920K, 10 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 919,888
Deposit, UAE resident (20%)
AED 183,978
Deposit, non-resident (40%)
AED 367,955
Monthly over 25 years at 3.7%
AED 3,764

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