2-bed · 988 sqftPark Ridge Tower C, Dubai Hills Estate · 16th floor · completed 2022

1615, Park Ridge Tower C

Sold prices and rental history: sold twice, last in September 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1615 · DLD and Ejari recordsUpdated 12 September 2023
Last soldAED 1.9M12 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1615, Park Ridge Tower C

What is 1615 worth today?

Last sold for AED 1,900,000 in 2023

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12 Sep 2023SoldReady
AED 1,900,000AED 1,922 per sqft
5 Feb 2020Sold by developerOff-plan
AED 1,476,888AED 1,494 per sqft

Source: Dubai Land Department. Updated 12 September 2023.

Key facts

Type
2-bed apartment
Size
988 sqft
Floor
16th of 22
Parking
B2-2469
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 20,700 /yr
Last sold
AED 1.9M · September 2023

About 1615, Park Ridge Tower C

1615 is a two-bedroom apartment of 988 sqft on the 16th 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 12 September 2023 for AED 1,900,000, or AED 1,922 per sqft, 6% above the AED 1,813 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1615 over time

Sales
Unit 1615, 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, February 2020: AED 1,476,888 (AED 1,494 per sqft)Sold, September 2023: AED 1,900,000 (AED 1,922 per sqft)

1615 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1615, 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 130,000

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 1615 sits

All 202 2-beds →

1615 last sold in September 2023 at AED 1,922 per sqft, 6% above what two-beds in Park Ridge Tower C were fetching at the time (AED 1,813). 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.

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 16th floor

All 476 units in Park Ridge Tower C
Value
16011-bedAED 1.23M · Jul 2023
16021-bedAED 1.06M · Sep 2019
16031-bedAED 1.13M · Sep 2021
16041-bedAED 1.06M · Nov 2020
16051-bedAED 1.4M · Jul 2024
16061-bedAED 1.48M · Apr 2023
16072-bedAED 2.15M · May 2023
1–7 of 19

1615, Park Ridge Tower C in numbers

  • Sold twice: first on 5 February 2020 for AED 1,476,888, last on 12 September 2023 for AED 1,900,000 (AED 1,922 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 12 September 2023.

Questions about 1615, Park Ridge Tower C

What did unit 1615 last sell for?

AED 1,900,000 on 12 September 2023: AED 1,922 per sqft for 988 sqft. The unit has 2 registered sales; the first was AED 1,476,888 in February 2020.

How big is unit 1615?

988 sqft (91.8 sqm): a two-bedroom apartment on the 16th floor of a 22-storey tower completed in 2022.

What is unit 1615 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 1615, Park Ridge Tower C

Starts from the last sale price (AED 1.9M, 12 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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