3-bed · 1,574 sqftPark Ridge Tower C, Dubai Hills Estate · 4th floor · completed 2022

418, Park Ridge Tower C

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 418 · DLD and Ejari recordsUpdated 2 July 2024
Last soldAED 3.23M2 July 2024
Current rentAED 152K /yr18 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 418, Park Ridge Tower C

What is 418 worth today?

Last sold for AED 3,225,000 in 2024

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2 Jul 2024SoldReady
AED 3,225,000AED 2,048 per sqft
18 Nov 2023RentedNew contract
AED 152,250/yr12 months · AED 97 per sqft
18 Nov 2022RentedRenewal
AED 145,000/yr12 months · AED 92 per sqft
1 Jan 2022RentedNew contract
AED 150,947/yr11 months · AED 96 per sqft
18 Nov 2021RentedNew contract
AED 145,000/yr12 months · AED 92 per sqft
28 Sep 2021Sold by developerReady
AED 2,764,888AED 1,756 per sqft

Source: Dubai Land Department. Updated 2 July 2024.

Key facts

Type
3-bed apartment
Size
1,574 sqft
Floor
4th of 22
Parking
B2-2251, B2-2252
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 32,900 /yr
Last sold
AED 3.23M · July 2024

About 418, Park Ridge Tower C

418 is a three-bedroom apartment of 1,574 sqft on the 4th 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 2 July 2024 for AED 3,225,000, or AED 2,048 per sqft.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 18 November 2023, is AED 152,250 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 32,900 a year.

Sales and rents for 418 over time

Sales
Unit 418, each saleTypical three-bed in Park Ridge Tower C
3M4M2018202120242027Typical sale price by year: 2018 AED 2,496,888; 2019 AED 2,464,888; 2021 AED 2,670,388; 2022 AED 2,680,888; 2023 AED 3,452,500; 2024 AED 3,400,000; 2025 AED 3,937,500; 2026 AED 3,950,000Sold by developer, September 2021: AED 2,764,888 (AED 1,756 per sqft)Sold, July 2024: AED 3,225,000 (AED 2,048 per sqft)

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

Rents
Unit 418, each contractTypical three-bed in Park Ridge Tower C
150K200K2021202320252027Typical rent by year: 2021 AED 145,000; 2022 AED 155,000; 2023 AED 190,000; 2024 AED 215,000; 2025 AED 232,500; 2026 AED 205,000New contract, November 2021: AED 145,000 a yearNew contract, January 2022: AED 150,947 a yearRenewal, November 2022: AED 145,000 a yearNew contract, November 2023: AED 152,250 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Park Ridge Tower C, and where 418 sits

All 48 3-beds →

Over the last 12 months three-beds sold for AED 3,850,000 to 4,050,000, around AED 2,508 per sqft, and rent for AED 180,000 to 270,000 a year. 418's AED 152,250 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Jul 20263,900,000
5 Jun 20264,050,000
22 Jan 20263,850,000
19 Jan 20264,000,000
4 3-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 4th floor

All 476 units in Park Ridge Tower C
Value
4011-bedAED 1.35M · Oct 2024
4021-bedAED 1.03M · Oct 2019
4031-bedAED 1.25M · Jul 2023
4041-bedAED 940K · Jan 2022
4051-bedAED 1.03M · Sep 2019
4061-bedAED 1.25M · Apr 2022
4072-bedAED 1.6M · Aug 2022
1–7 of 20

418, Park Ridge Tower C in numbers

  • Sold twice: first on 28 September 2021 for AED 2,764,888, last on 2 July 2024 for AED 3,225,000 (AED 2,048 per sqft).
  • Rented since November 2021 on 4 Ejari contracts, from AED 145,000 to AED 152,250 a year.
  • At AED 152,250 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 32,900 a year (AED 20.90 per sqft).
  • Three-beds in Park Ridge Tower C sold for AED 3,850,000–4,050,000 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 2 July 2024.

Questions about 418, Park Ridge Tower C

What did unit 418 last sell for?

AED 3,225,000 on 2 July 2024: AED 2,048 per sqft for 1,574 sqft. The unit has 2 registered sales; the first was AED 2,764,888 in September 2021.

What is the rent for unit 418?

AED 152,250 a year on the contract signed on 18 November 2023. The previous contract, from November 2022, was AED 145,000; the unit has been rented since November 2021.

How big is unit 418?

1,574 sqft (146.2 sqm): a three-bedroom apartment on the 4th floor of a 22-storey tower completed in 2022.

What is unit 418 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Park Ridge Tower C sold for AED 3,850,000 to 4,050,000 in the last 12 months, around AED 2,508 per sqft.

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Mortgage on 418, Park Ridge Tower C

Starts from the last sale price (AED 3.23M, 2 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,225,000
Deposit, UAE resident (20%)
AED 645,000
Deposit, non-resident (40%)
AED 1,290,000
Monthly over 25 years at 3.7%
AED 13,194

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