3-bed · 1,540 sqftOne Park Avenue, Sobha Hartland · 8th floor · completed 2022

816, One Park Avenue

Sold prices and rental history: sold twice, last in September 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 816 · DLD and Ejari recordsUpdated 20 September 2024
Last soldAED 3.15M20 September 2024
Current rentAED 175K /yr29 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 816, One Park Avenue

What is 816 worth today?

Last sold for AED 3,150,000 in 2024

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20 Sep 2024SoldReady
AED 3,150,000AED 2,045 per sqft
29 Dec 2023RentedNew contract
AED 175,000/yr12 months · AED 114 per sqft
20 Dec 2022RentedNew contract
AED 165,000/yr12 months · AED 107 per sqft
15 Jun 2022Sold by developerOff-plan
AED 2,449,983AED 1,591 per sqft

Source: Dubai Land Department. Updated 20 September 2024.

Key facts

Type
3-bed apartment
Size
1,540 sqft
Floor
8th of 24
Parking
P3-388A, P3-388B
Developer
Sobha
Completed
2022
Last sold
AED 3.15M · September 2024

About 816, One Park Avenue

816 is a three-bedroom apartment of 1,540 sqft on the 8th floor of One Park Avenue, a 24-storey tower in Sobha Hartland completed in 2022 by Sobha. It last sold on 20 September 2024 for AED 3,150,000, or AED 2,045 per sqft, 4% above the AED 1,973 three-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 29 December 2023, is AED 175,000 a year: a gross yield of 5.6% on the 2024 price.

Sales and rents for 816 over time

Sales
Unit 816, 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, June 2022: AED 2,449,983 (AED 1,591 per sqft)Sold, September 2024: AED 3,150,000 (AED 2,045 per sqft)

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

Rents
Unit 816, 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 178,000New contract, December 2022: AED 165,000 a yearNew contract, December 2023: AED 175,000 a year

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 816 sits

All 136 3-beds →

816 last sold in September 2024 at AED 2,045 per sqft, 4% above what three-beds in One Park Avenue were fetching at the time (AED 1,973). 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. 816's AED 175,000 is in the lower half of that range.

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 8th floor

All 397 units in One Park Avenue
Value
8011-bedAED 1.1M · Apr 2023
8021-bedAED 1.14M · Dec 2021
8032-bedAED 1.82M · Dec 2021
8042-bedAED 1.82M · Dec 2021
8052-bedAED 1.7M · Oct 2021
8062-bedAED 1.83M · Aug 2022
8073-bedAED 2.11M · Feb 2023
1–7 of 17

816, One Park Avenue in numbers

  • Sold twice: first on 15 June 2022 for AED 2,449,983, last on 20 September 2024 for AED 3,150,000 (AED 2,045 per sqft).
  • Rented since December 2022 on 2 Ejari contracts, from AED 165,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2024 price is 5.6%.
  • 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 20 September 2024.

Questions about 816, One Park Avenue

What did unit 816 last sell for?

AED 3,150,000 on 20 September 2024: AED 2,045 per sqft for 1,540 sqft. The unit has 2 registered sales; the first was AED 2,449,983 in June 2022.

What is the rent for unit 816?

AED 175,000 a year on the contract signed on 29 December 2023. The previous contract, from December 2022, was AED 165,000.

How big is unit 816?

1,540 sqft (143.1 sqm): a three-bedroom apartment on the 8th floor of a 24-storey tower completed in 2022.

What is unit 816 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 816, One Park Avenue

Starts from the last sale price (AED 3.15M, 20 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,150,000
Deposit, UAE resident (20%)
AED 630,000
Deposit, non-resident (40%)
AED 1,260,000
Monthly over 25 years at 3.7%
AED 12,888

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