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1-bed · 638 sqftPark Ridge Tower C, Dubai Hills Estate · 2nd floor · completed 2022

221, Park Ridge Tower C

Sold prices and rental history: sold twice, last in March 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 221 · DLD and Ejari recordsUpdated 27 March 2024
Last soldAED 1.5M27 March 2024
Current rentAED 57K /yr15 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 221, Park Ridge Tower C

What is 221 worth today?

Last sold for AED 1,500,000 in 2024

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27 Mar 2024SoldReady
AED 1,500,000AED 2,350 per sqft
15 Feb 2023RentedRenewal
AED 57,000/yr12 months · AED 89 per sqft
15 Feb 2022RentedNew contract
AED 57,000/yr12 months · AED 89 per sqft
1 Nov 2018Sold by developerOff-plan
AED 974,888AED 1,527 per sqft

Source: Dubai Land Department. Updated 27 March 2024.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
2nd of 22
Parking
B2-2295
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 13,300 /yr
Last sold
AED 1.5M · March 2024
Building
Park Ridge Tower C

About 221, Park Ridge Tower C

221 is a one-bedroom apartment of 638 sqft on the 2nd 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 27 March 2024 for AED 1,500,000, or AED 2,350 per sqft, 21% above the AED 1,941 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 15 February 2023, is AED 57,000 a year: a gross yield of 3.8% on the 2024 price, before the service charge of about AED 13,300 a year.

Sales and rents for 221 over time

Sales
Unit 221, 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 2018: AED 974,888 (AED 1,527 per sqft)Sold, March 2024: AED 1,500,000 (AED 2,350 per sqft)

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

Rents
Unit 221, 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, February 2022: AED 57,000 a yearRenewal, February 2023: 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 221 sits

All 226 1-beds →

221 last sold in March 2024 at AED 2,350 per sqft, 21% above what one-beds in Park Ridge Tower C were fetching at the time (AED 1,941). 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. 221'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 2nd floor

All 476 units in Park Ridge Tower C
Value
2011-bedAED 1.5M · Nov 2025
2021-bedAED 958K · Oct 2018
2031-bedAED 1.55M · Mar 2025
2041-bedAED 1.14M · Feb 2023
2051-bedAED 975K · Oct 2018
2061-bedAED 1.17M · Jan 2023
2072-bedAED 2.33M · Dec 2023
1–7 of 20

221, Park Ridge Tower C in numbers

  • Sold twice: first on 1 November 2018 for AED 974,888, last on 27 March 2024 for AED 1,500,000 (AED 2,350 per sqft).
  • Rented since February 2022 on 2 Ejari contracts, at AED 57,000 a year.
  • At AED 57,000 a year the gross yield on the 2024 price is 3.8%, before a service charge of about AED 13,300 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 27 March 2024.

Questions about 221, Park Ridge Tower C

What did unit 221 last sell for?

AED 1,500,000 on 27 March 2024: AED 2,350 per sqft for 638 sqft. The unit has 2 registered sales; the first was AED 974,888 in November 2018.

What is the rent for unit 221?

AED 57,000 a year on the contract renewed on 15 February 2023. The previous contract, from February 2022, was AED 57,000.

How big is unit 221?

638 sqft (59.3 sqm): a one-bedroom apartment on the 2nd floor of a 22-storey tower completed in 2022.

What is unit 221 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 221, Park Ridge Tower C

Starts from the last sale price (AED 1.5M, 27 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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