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2-bed · 989 sqftPark Ridge Tower C, Dubai Hills Estate · 8th floor · completed 2022

815, Park Ridge Tower C

Sold prices and rental history: sold once, by the developer in January 2018, and rented once, from October 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 815 · DLD and Ejari recordsUpdated 28 October 2022
Last soldAED 1.33M22 January 2018
Current rentAED 90K /yr28 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 815, Park Ridge Tower C

What is 815 worth today?

Last sold for AED 1,327,888 in 2018

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28 Oct 2022RentedNew contract
AED 90,000/yr12 months · AED 91 per sqft
22 Jan 2018Sold by developerOff-plan
AED 1,327,888AED 1,342 per sqft

Source: Dubai Land Department. Updated 28 October 2022.

Key facts

Type
2-bed apartment
Size
989 sqft
Floor
8th of 22
Parking
B2-2369
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 20,700 /yr
Last sold
AED 1.33M · January 2018
Building
Park Ridge Tower C

About 815, Park Ridge Tower C

815 is a two-bedroom apartment of 989 sqft on the 8th 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 22 January 2018 for AED 1,327,888, or AED 1,342 per sqft, 10% below the AED 1,483 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 October 2022. The current contract, signed on 28 October 2022, is AED 90,000 a year: a gross yield of 6.8% on the 2018 price, before the service charge of about AED 20,700 a year.

Sales and rents for 815 over time

Sales
Unit 815, each saleTypical two-bed in Park Ridge Tower C
2M2017202020232026Typical sale price by year: 2017 AED 1,490,888; 2018 AED 1,480,388; 2019 AED 1,476,888; 2020 AED 1,529,888; 2021 AED 1,574,395; 2022 AED 1,650,000; 2023 AED 2,000,000; 2024 AED 2,500,000; 2025 AED 2,560,000; 2026 AED 2,390,000Sold by developer, January 2018: AED 1,327,888 (AED 1,342 per sqft)

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

Rents
Unit 815, each contractTypical two-bed in Park Ridge Tower C
100K150K2021202320252027Typical rent by year: 2021 AED 90,000; 2022 AED 90,000; 2023 AED 110,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 130,000New contract, October 2022: AED 90,000 a year

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

2-beds in Park Ridge Tower C, and where 815 sits

All 202 2-beds →

815 last sold in January 2018 at AED 1,342 per sqft, 10% below what two-beds in Park Ridge Tower C were fetching at the time (AED 1,483). Over the last 12 months two-beds sold for AED 2,140,000 to 2,560,000, around AED 2,434 per sqft, and rent for AED 100,000 to 200,000 a year. 815's AED 90,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20262,450,000
16 Oct 20262,140,000
10 Aug 202693,687
4 Jun 20262,380,000
10 2-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 8th floor

All 476 units in Park Ridge Tower C
Value
8011-bedAED 957K · Jun 2018
8021-bedAED 949K · Nov 2017
8031-bedAED 943K · May 2018
8041-bedAED 951K · Feb 2018
8051-bedAED 975K · Jul 2022
8061-bedAED 800K · Aug 2019
8072-bedAED 2M · Dec 2022
1–7 of 20

815, Park Ridge Tower C in numbers

  • Sold once: by Dubai Hills Estate on 22 January 2018 for AED 1,327,888, or AED 1,342 per sqft.
  • Rented since October 2022 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2018 price is 6.8%, before a service charge of about AED 20,700 a year (AED 20.90 per sqft).
  • Two-beds in Park Ridge Tower C sold for AED 2,140,000–2,560,000 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 28 October 2022.

Questions about 815, Park Ridge Tower C

What did unit 815 last sell for?

AED 1,327,888 on 22 January 2018, sold by the developer: AED 1,342 per sqft for 989 sqft. It is the only registered sale of the unit.

What is the rent for unit 815?

AED 90,000 a year on the contract signed on 28 October 2022.

How big is unit 815?

989 sqft (91.9 sqm): a two-bedroom apartment on the 8th floor of a 22-storey tower completed in 2022.

What is unit 815 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Ridge Tower C sold for AED 2,140,000 to 2,560,000 in the last 12 months, around AED 2,434 per sqft.

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Mortgage on 815, Park Ridge Tower C

Starts from the last sale price (AED 1.33M, 22 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,327,888
Deposit, UAE resident (20%)
AED 265,578
Deposit, non-resident (40%)
AED 531,155
Monthly over 25 years at 3.7%
AED 5,433

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