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1-bed · 654 sqftPark Ridge Tower C, Dubai Hills Estate · 5th floor · completed 2022

513, Park Ridge Tower C

Sold prices and rental history: sold once, by the developer in November 2018, and rented once, from November 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 513 · DLD and Ejari recordsUpdated 11 November 2021
Last soldAED 897K27 November 2018
Current rentAED 53K /yr11 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 513, Park Ridge Tower C

What is 513 worth today?

Last sold for AED 896,888 in 2018

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11 Nov 2021RentedNew contract
AED 53,000/yr12 months · AED 81 per sqft
27 Nov 2018Sold by developerOff-plan
AED 896,888AED 1,371 per sqft

Source: Dubai Land Department. Updated 11 November 2021.

Key facts

Type
1-bed apartment
Size
654 sqft
Floor
5th of 22
Parking
B2-2294
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 13,700 /yr
Last sold
AED 897K · November 2018
Building
Park Ridge Tower C

About 513, Park Ridge Tower C

513 is a one-bedroom apartment of 654 sqft on the 5th floor of Park Ridge Tower C, a 22-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. The developer sold it on 27 November 2018 for AED 896,888, or AED 1,371 per sqft, 7% below the AED 1,469 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 11 November 2021. The current contract, signed on 11 November 2021, is AED 53,000 a year: a gross yield of 5.9% on the 2018 price, before the service charge of about AED 13,700 a year.

Sales and rents for 513 over time

Sales
Unit 513, 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 896,888 (AED 1,371 per sqft)

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

Rents
Unit 513, 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, November 2021: AED 53,000 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 513 sits

All 226 1-beds →

513 last sold in November 2018 at AED 1,371 per sqft, 7% below what one-beds in Park Ridge Tower C were fetching at the time (AED 1,469). 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. 513's AED 53,000 is at the bottom 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 5th floor

All 476 units in Park Ridge Tower C
Value
5011-bedAED 1.5M · May 2025
5021-bedAED 964K · Sep 2018
5031-bedAED 850K · Nov 2021
5041-bedAED 945K · Jan 2019
5051-bedAED 940K · Feb 2019
5061-bedAED 988K · Oct 2017
5072-bedAED 1.45M · Feb 2018
1–7 of 20

513, Park Ridge Tower C in numbers

  • Sold once: by Dubai Hills Estate on 27 November 2018 for AED 896,888, or AED 1,371 per sqft.
  • Rented since November 2021 on one Ejari contract, at AED 53,000 a year.
  • At AED 53,000 a year the gross yield on the 2018 price is 5.9%, before a service charge of about AED 13,700 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 11 November 2021.

Questions about 513, Park Ridge Tower C

What did unit 513 last sell for?

AED 896,888 on 27 November 2018, sold by the developer: AED 1,371 per sqft for 654 sqft. It is the only registered sale of the unit.

What is the rent for unit 513?

AED 53,000 a year on the contract signed on 11 November 2021.

How big is unit 513?

654 sqft (60.8 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2022.

What is unit 513 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 513, Park Ridge Tower C

Starts from the last sale price (AED 897K, 27 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 896,888
Deposit, UAE resident (20%)
AED 179,378
Deposit, non-resident (40%)
AED 358,755
Monthly over 25 years at 3.7%
AED 3,669

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