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1-bed · 644 sqftPark Ridge Tower C, Dubai Hills Estate · 3rd floor · completed 2022

306, Park Ridge Tower C

Sold prices and rental history: sold twice, last in March 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 14 March 2023
Last soldAED 1.2M14 March 2023
Current rentAED 60K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 306, Park Ridge Tower C

What is 306 worth today?

Last sold for AED 1,200,000 in 2023

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14 Mar 2023SoldReady
AED 1,200,000AED 1,863 per sqft
1 Jan 2023RentedRenewal
AED 60,000/yr12 months · AED 93 per sqft
1 Jan 2022RentedNew contract
AED 60,000/yr12 months · AED 93 per sqft
30 Sep 2019Sold by developerOff-plan
AED 984,888AED 1,529 per sqft

Source: Dubai Land Department. Updated 14 March 2023.

Key facts

Type
1-bed apartment
Size
644 sqft
Floor
3rd of 22
Parking
B2-2304
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 13,500 /yr
Last sold
AED 1.2M · March 2023
Building
Park Ridge Tower C

About 306, Park Ridge Tower C

306 is a one-bedroom apartment of 644 sqft on the 3rd 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 14 March 2023 for AED 1,200,000, or AED 1,863 per sqft, 9% above the AED 1,709 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 1 January 2023, is AED 60,000 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 13,500 a year.

Sales and rents for 306 over time

Sales
Unit 306, 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, September 2019: AED 984,888 (AED 1,529 per sqft)Sold, March 2023: AED 1,200,000 (AED 1,863 per sqft)

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

Rents
Unit 306, 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, January 2022: AED 60,000 a yearRenewal, January 2023: AED 60,000 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 306 sits

All 226 1-beds →

306 last sold in March 2023 at AED 1,863 per sqft, 9% above what one-beds in Park Ridge Tower C were fetching at the time (AED 1,709). 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. 306's AED 60,000 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 3rd floor

All 476 units in Park Ridge Tower C
Value
3011-bedAED 1.25M · Nov 2023
3021-bedAED 940K · Mar 2019
3031-bedAED 934K · May 2019
3041-bedAED 962K · Jan 2019
3051-bedAED 937K · Sep 2018
3072-bedAED 1.51M · Jul 2019
3082-bedAED 1.04M · Jan 2020
1–7 of 20

306, Park Ridge Tower C in numbers

  • Sold twice: first on 30 September 2019 for AED 984,888, last on 14 March 2023 for AED 1,200,000 (AED 1,863 per sqft).
  • Rented since January 2022 on 2 Ejari contracts, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 13,500 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 14 March 2023.

Questions about 306, Park Ridge Tower C

What did unit 306 last sell for?

AED 1,200,000 on 14 March 2023: AED 1,863 per sqft for 644 sqft. The unit has 2 registered sales; the first was AED 984,888 in September 2019.

What is the rent for unit 306?

AED 60,000 a year on the contract renewed on 1 January 2023. The previous contract, from January 2022, was AED 60,000.

How big is unit 306?

644 sqft (59.8 sqm): a one-bedroom apartment on the 3rd floor of a 22-storey tower completed in 2022.

What is unit 306 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 306, Park Ridge Tower C

Starts from the last sale price (AED 1.2M, 14 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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