3-bed · 1,482 sqftOne Park Avenue, Sobha Hartland · 15th floor · completed 2022

1516, One Park Avenue

Sold prices and rental history: sold once, by the developer in March 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1516 · DLD and Ejari recordsUpdated 3 March 2023
Last soldAED 2.42M3 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1516, One Park Avenue

What is 1516 worth today?

Last sold for AED 2,419,905 in 2023

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3 Mar 2023Sold by developerReady
AED 2,419,905AED 1,633 per sqft

Source: Dubai Land Department. Updated 3 March 2023.

Key facts

Type
3-bed apartment
Size
1,482 sqft
Floor
15th of 24
Parking
P1-192
Developer
Sobha
Completed
2022
Last sold
AED 2.42M · March 2023

About 1516, One Park Avenue

1516 is a three-bedroom apartment of 1,482 sqft on the 15th floor of One Park Avenue, a 24-storey tower in Sobha Hartland completed in 2022 by Sobha. The developer sold it on 3 March 2023 for AED 2,419,905, or AED 1,633 per sqft, 7% above the AED 1,532 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1516 over time

Sales
Unit 1516, each saleTypical three-bed in One Park Avenue
2.5M3M2020202220242026Typical sale price by year: 2020 AED 2,203,661; 2021 AED 2,280,013; 2022 AED 2,320,743; 2023 AED 2,442,411; 2024 AED 3,110,000; 2025 AED 3,200,000; 2026 AED 3,250,000Sold by developer, March 2023: AED 2,419,905 (AED 1,633 per sqft)

1516 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1516, each contractTypical three-bed in One Park Avenue
160K180K200K202220242026Typical rent by year: 2022 AED 165,000; 2023 AED 175,000; 2024 AED 185,000; 2025 AED 195,000; 2026 AED 178,000

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

3-beds in One Park Avenue, and where 1516 sits

All 136 3-beds →

1516 last sold in March 2023 at AED 1,633 per sqft, 7% above what three-beds in One Park Avenue were fetching at the time (AED 1,532). Over the last 12 months three-beds sold for AED 2,850,000 to 3,400,000, around AED 2,146 per sqft, and rent for AED 150,000 to 250,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
8 Sep 20262,850,000
29 Apr 20262,850,000
26 Mar 20263,350,000
3 Mar 20263,250,000
8 3-bed sales in the last 12 months

One Park Avenue

Building

397 apartments, 1-bed to 4-bed over 24 floors in Sobha Hartland, completed in 2022 by Sobha. 26 sold in the last 12 months.

Typical price per sqft
AED 1,989 Down 5.6%
Typical sale
AED 2.28M
Typical rent
AED 150K /yr
Typical yield
6.2%
One Park Avenue, Sobha Hartland: prices, sales and rents →

Other units on the 15th floor

All 397 units in One Park Avenue
Value
15011-bedAED 1.17M · Nov 2020
15021-bedAED 1.17M · Jul 2021
15032-bedAED 1.87M · Jul 2021
15052-bedAED 1.82M · Dec 2021
15063-bedAED 2.34M · Nov 2021
15073-bedAED 2.7M · Apr 2023
15083-bedAED 2.28M · Dec 2021
1–7 of 14

1516, One Park Avenue in numbers

  • Sold once: by Sobha on 3 March 2023 for AED 2,419,905, or AED 1,633 per sqft.
  • Three-beds in One Park Avenue sold for AED 2,850,000–3,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,989 per sqft.

Source: Dubai Land Department. Updated 3 March 2023.

Questions about 1516, One Park Avenue

What did unit 1516 last sell for?

AED 2,419,905 on 3 March 2023, sold by the developer: AED 1,633 per sqft for 1,482 sqft. It is the only registered sale of the unit.

How big is unit 1516?

1,482 sqft (137.7 sqm): a three-bedroom apartment on the 15th floor of a 24-storey tower completed in 2022.

What is unit 1516 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in One Park Avenue sold for AED 2,850,000 to 3,400,000 in the last 12 months, around AED 2,146 per sqft.

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Mortgage on 1516, One Park Avenue

Starts from the last sale price (AED 2.42M, 3 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,419,905
Deposit, UAE resident (20%)
AED 483,981
Deposit, non-resident (40%)
AED 967,962
Monthly over 25 years at 3.7%
AED 9,901

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