1008, Park Terrace
Sold prices and rental history: sold once, by the developer in February 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1008, Park Terrace
What is 1008 worth today?
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Source: Dubai Land Department. Updated 20 June 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 805 sqft
- Floor
- 10th of 11
- Parking
- B3/40
- Developer
- Madison Holdingo
- Completed
- 2010
- Service charge
- AED 10,700 /yr
- Last sold
- AED 547K · February 2012
- Building
- Park Terrace
About 1008, Park Terrace
1008 is a one-bedroom apartment of 805 sqft on the 10th floor of Park Terrace, a 11-storey tower in Dubai Silicon Oasis completed in 2010 by Madison Holdingo. The developer sold it on 28 February 2012 for AED 547,400, or AED 679 per sqft, 4% above the AED 652 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 20 June 2023, is AED 40,000 a year: a gross yield of 7.3% on the 2012 price, before the service charge of about AED 10,700 a year.
Sales and rents for 1008 over time
1008 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Park Terrace, and where 1008 sits
All 49 1-beds →1008 last sold in February 2012 at AED 679 per sqft, 4% above what one-beds in Park Terrace were fetching at the time (AED 652). Over the last 12 months one-beds sold for AED 720,000 to 800,000, around AED 883 per sqft, and rent for AED 30,000 to 143,000 a year. 1008's AED 40,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 May 202613 May 2026 | 906 sqft | 720,000 | 794 | ||
| 17 Feb 202617 February 2026 | 906 sqft | 800,000 | 883 | ||
| 19 Jan 202619 January 2026 | 804 sqft | 730,000 | 908 | ||
| 24 Sep 202524 September 2025 | 805 sqft | 700,000 | 869 |
Park Terrace
Building94 apartments, studios to 3-bed over 11 floors in Dubai Silicon Oasis, completed in 2010 by Madison Holdingo. 9 sold in the last 12 months.
- Typical price per sqft
- AED 883
- Typical sale
- AED 1.2M
- Typical rent
- AED 73K /yr
- Typical yield
- 8.2%
Other units on the 10th floor
All 94 units in Park Terrace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 804 sqft | AED 547KAED 546,720 · Feb 2012February 2012 | 55,000 /yr | |
| 1002 | 2-bed | 1,449 sqft | AED 507KAED 507,167 · May 2021May 2021 | 90,000 /yr | |
| 1003 | 2-bed | 1,426 sqft | AED 499KAED 499,105 · May 2021May 2021 | 96,338 /yr | |
| 1004 | 1-bed | 906 sqft | AED 450KAED 450,000 · Jul 2023July 2023 | 29,000 /yr | |
| 1005 | 1-bed | 906 sqft | AED 540KAED 540,000 · Jan 2024January 2024 | 60,000 /yr | |
| 1006 | 2-bed | 1,452 sqft | AED 508KAED 508,298 · May 2021May 2021 | 84,700 /yr | |
| 1007 | 2-bed | 1,456 sqft | AED 510KAED 509,616 · May 2021May 2021 | 110,000 /yr |
1008, Park Terrace in numbers
- Sold once: by Madison Holdingo on 28 February 2012 for AED 547,400, or AED 679 per sqft.
- Rented since January 2013 on 7 Ejari contracts. The rent fell from AED 48,000 to AED 30,000 in 2021 and recovered to AED 40,000 by June 2023.
- At AED 40,000 a year the gross yield on the 2012 price is 7.3%, before a service charge of about AED 10,700 a year (AED 13.33 per sqft).
- One-beds in Park Terrace sold for AED 720,000–800,000 in the 12 months to November 2026; the building's median across all types is AED 883 per sqft.
Source: Dubai Land Department. Updated 20 June 2023.
Questions about 1008, Park Terrace
What did unit 1008 last sell for?
AED 547,400 on 28 February 2012, sold by the developer: AED 679 per sqft for 805 sqft. It is the only registered sale of the unit.
What is the rent for unit 1008?
AED 40,000 a year on the contract signed on 20 June 2023. The previous contract, from May 2022, was AED 34,000; the unit has been rented since January 2013.
How big is unit 1008?
805 sqft (74.8 sqm): a one-bedroom apartment on the 10th floor of a 11-storey tower completed in 2010.
What is unit 1008 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Terrace sold for AED 720,000 to 800,000 in the last 12 months, around AED 883 per sqft.
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Mortgage on 1008, Park Terrace
Starts from the last sale price (AED 547K, 28 February 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 547,400
- Deposit, UAE resident (20%)
- AED 109,480
- Deposit, non-resident (40%)
- AED 218,960
- Monthly over 25 years at 3.7%
- AED 2,240
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →