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1-bed · 642 sqftPark Ridge Tower C, Dubai Hills Estate · 3rd floor · completed 2022

312, Park Ridge Tower C

Sold prices and rental history: sold twice, last in December 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 27 December 2023
Last soldAED 1.33M27 December 2023
Current rentAED 55K /yr28 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, Park Ridge Tower C

What is 312 worth today?

Last sold for AED 1,330,000 in 2023

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27 Dec 2023SoldReady
AED 1,330,000AED 2,070 per sqft
28 Oct 2022RentedRenewal
AED 55,000/yr12 months · AED 86 per sqft
28 Oct 2021RentedNew contract
AED 50,000/yr12 months · AED 78 per sqft
10 Mar 2019Sold by developerOff-plan
AED 898,888AED 1,399 per sqft

Source: Dubai Land Department. Updated 27 December 2023.

Key facts

Type
1-bed apartment
Size
642 sqft
Floor
3rd of 22
Parking
B2-2223
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 13,400 /yr
Last sold
AED 1.33M · December 2023
Building
Park Ridge Tower C

About 312, Park Ridge Tower C

312 is a one-bedroom apartment of 642 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 27 December 2023 for AED 1,330,000, or AED 2,070 per sqft, 11% above the AED 1,860 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 28 October 2022, is AED 55,000 a year: a gross yield of 4.1% on the 2023 price, before the service charge of about AED 13,400 a year.

Sales and rents for 312 over time

Sales
Unit 312, 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 898,888 (AED 1,399 per sqft)Sold, December 2023: AED 1,330,000 (AED 2,070 per sqft)

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

Rents
Unit 312, each contractTypical one-bed in Park Ridge Tower C
50K75K100K2021202320252027Typical 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 2021: AED 50,000 a yearRenewal, October 2022: AED 55,000 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 312 sits

All 226 1-beds →

312 last sold in December 2023 at AED 2,070 per sqft, 11% above what one-beds in Park Ridge Tower C were fetching at the time (AED 1,860). 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. 312's AED 55,000 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
3061-bedAED 1.2M · Mar 2023
3072-bedAED 1.51M · Jul 2019
1–7 of 20

312, Park Ridge Tower C in numbers

  • Sold twice: first on 10 March 2019 for AED 898,888, last on 27 December 2023 for AED 1,330,000 (AED 2,070 per sqft).
  • Rented since October 2021 on 2 Ejari contracts, from AED 50,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2023 price is 4.1%, 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 27 December 2023.

Questions about 312, Park Ridge Tower C

What did unit 312 last sell for?

AED 1,330,000 on 27 December 2023: AED 2,070 per sqft for 642 sqft. The unit has 2 registered sales; the first was AED 898,888 in March 2019.

What is the rent for unit 312?

AED 55,000 a year on the contract renewed on 28 October 2022. The previous contract, from October 2021, was AED 50,000.

How big is unit 312?

642 sqft (59.6 sqm): a one-bedroom apartment on the 3rd floor of a 22-storey tower completed in 2022.

What is unit 312 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 312, Park Ridge Tower C

Starts from the last sale price (AED 1.33M, 27 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,330,000
Deposit, UAE resident (20%)
AED 266,000
Deposit, non-resident (40%)
AED 532,000
Monthly over 25 years at 3.7%
AED 5,441

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