2-bed · 1,166 sqftOne Park Avenue, Sobha Hartland · 4th floor · completed 2022

404, One Park Avenue

Sold prices and rental history: sold once, by the developer in October 2021, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 1.65M10 October 2021
Current rentAED 160K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404, One Park Avenue

What is 404 worth today?

Last sold for AED 1,647,697 in 2021

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1 Nov 2023RentedNew contract
AED 160,000/yr12 months · AED 138 per sqft
4 May 2023RentedNew contract
AED 150,000/yr12 months · AED 129 per sqft
10 Oct 2021Sold by developerOff-plan
AED 1,647,697AED 1,413 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
2-bed apartment
Size
1,166 sqft
Floor
4th of 24
Parking
P3-331
Developer
Sobha
Completed
2022
Last sold
AED 1.65M · October 2021

About 404, One Park Avenue

404 is a two-bedroom apartment of 1,166 sqft on the 4th floor of One Park Avenue, a 24-storey tower in Sobha Hartland completed in 2022 by Sobha. The developer sold it on 10 October 2021 for AED 1,647,697, or AED 1,413 per sqft, in line with the AED 1,444 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 November 2023, is AED 160,000 a year: a gross yield of 9.7% on the 2021 price.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical two-bed in One Park Avenue
2M2.5M2020202220242026Typical sale price by year: 2020 AED 1,754,213; 2021 AED 1,711,750; 2022 AED 1,762,886; 2023 AED 2,000,000; 2024 AED 2,300,000; 2025 AED 2,450,000; 2026 AED 2,220,000Sold by developer, October 2021: AED 1,647,697 (AED 1,413 per sqft)

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

Rents
Unit 404, each contractTypical two-bed in One Park Avenue
120K140K160K202220242026Typical rent by year: 2022 AED 120,000; 2023 AED 131,500; 2024 AED 139,813; 2025 AED 146,500; 2026 AED 147,000New contract, May 2023: AED 150,000 a yearNew contract, November 2023: AED 160,000 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 One Park Avenue, and where 404 sits

All 163 2-beds →

404 last sold in October 2021 at AED 1,413 per sqft, in line with what two-beds in One Park Avenue were fetching at the time (AED 1,444). Over the last 12 months two-beds sold for AED 2,000,000 to 2,650,000, around AED 1,922 per sqft, and rent for AED 75,000 to 190,000 a year. 404's AED 160,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20262,100,000
23 Oct 20262,000,000
14 Sep 20262,220,000
3 Sep 20262,260,000
14 2-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 4th floor

All 397 units in One Park Avenue
Value
4011-bedAED 1.03M · Jul 2021
4021-bedAED 1.03M · Jun 2021
4032-bedAED 1.9M · Aug 2023
4052-bedAED 1.9M · Sep 2023
4062-bedAED 1.65M · Oct 2021
4073-bedAED 2.2M · Oct 2021
4083-bedAED 2.3M · Sep 2023
1–7 of 17

404, One Park Avenue in numbers

  • Sold once: by Sobha on 10 October 2021 for AED 1,647,697, or AED 1,413 per sqft.
  • Rented since May 2023 on 2 Ejari contracts, from AED 150,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2021 price is 9.7%.
  • Two-beds in One Park Avenue sold for AED 2,000,000–2,650,000 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 1 November 2023.

Questions about 404, One Park Avenue

What did unit 404 last sell for?

AED 1,647,697 on 10 October 2021, sold by the developer: AED 1,413 per sqft for 1,166 sqft. It is the only registered sale of the unit.

What is the rent for unit 404?

AED 160,000 a year on the contract signed on 1 November 2023. The previous contract, from May 2023, was AED 150,000.

How big is unit 404?

1,166 sqft (108.3 sqm): a two-bedroom apartment on the 4th floor of a 24-storey tower completed in 2022.

What is unit 404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in One Park Avenue sold for AED 2,000,000 to 2,650,000 in the last 12 months, around AED 1,922 per sqft.

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Mortgage on 404, One Park Avenue

Starts from the last sale price (AED 1.65M, 10 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,647,697
Deposit, UAE resident (20%)
AED 329,539
Deposit, non-resident (40%)
AED 659,079
Monthly over 25 years at 3.7%
AED 6,741

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