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1-bed · 335 sqftPark Heights 1, Dubai Hills Estate · completed 2020

511, Park Heights 1

Sold prices and rental history: sold once, by the developer in November 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 30 November 2024
Last soldAED 869K8 November 2018
Current rentAED 90K /yr30 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 511, Park Heights 1

What is 511 worth today?

Last sold for AED 868,888 in 2018

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30 Nov 2024RentedRenewal
AED 90,000/yr12 months · AED 137 per sqft
30 Nov 2023RentedNew contract
AED 80,000/yr12 months · AED 122 per sqft
20 May 2023RentedNew contract
AED 75,000/yr12 months · AED 114 per sqft
9 Mar 2021RentedNew contract
AED 35,000/yr12 months · AED 53 per sqft
8 Nov 2018Sold by developerOff-plan
AED 868,888AED 1,321 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 30 November 2024.

Key facts

Type
1-bed apartment
Size
335 sqft
Parking
PH1-B-90
Developer
Dubai Hills Estate
Completed
2020
Service charge
AED 8,600 /yr
Last sold
AED 869K · November 2018
Building
Park Heights 1

About 511, Park Heights 1

511 is a one-bedroom apartment of 335 sqft of Park Heights 1, a 18-storey tower in Dubai Hills Estate completed in 2020 by Dubai Hills Estate. The developer sold it on 8 November 2018 for AED 868,888, or AED 1,321 per sqft, in line with the AED 1,336 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 30 November 2024, is AED 90,000 a year: a gross yield of 10.4% on the 2018 price, before the service charge of about AED 8,600 a year.

Sales and rents for 511 over time

Sales
Unit 511, each saleTypical one-bed in Park Heights 1
1M1.5M2017202020232026Typical sale price by year: 2017 AED 863,888; 2018 AED 863,888; 2019 AED 864,070; 2020 AED 865,388; 2021 AED 750,000; 2022 AED 917,500; 2023 AED 1,111,000; 2024 AED 1,295,000; 2025 AED 1,375,000; 2026 AED 1,400,000Sold by developer, November 2018: AED 868,888 (AED 1,321 per sqft)

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

Rents
Unit 511, each contractTypical one-bed in Park Heights 1
50K75K2021202320252027Typical rent by year: 2021 AED 41,884; 2022 AED 48,000; 2023 AED 66,000; 2024 AED 80,000; 2025 AED 90,000; 2026 AED 90,000New contract, March 2021: AED 35,000 a yearNew contract, May 2023: AED 75,000 a yearNew contract, November 2023: AED 80,000 a yearRenewal, November 2024: AED 90,000 a year

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

1-beds in Park Heights 1, and where 511 sits

All 136 1-beds →

511 last sold in November 2018 at AED 1,321 per sqft, in line with what one-beds in Park Heights 1 were fetching at the time (AED 1,336). Over the last 12 months one-beds sold for AED 1,322,500 to 1,420,000, around AED 2,131 per sqft, and rent for AED 68,700 to 110,000 a year. 511's AED 90,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Feb 20261,420,000
26 Jan 20261,400,000
9 Jan 20261,322,500
10 Jul 20251,430,000
6 1-bed sales in the last 12 months

Park Heights 1

Building

24 apartments, 1-bed to 3-bed over 18 floors in Dubai Hills Estate, completed in 2020 by Dubai Hills Estate. 11 sold in the last 12 months.

Typical price per sqft
AED 2,093 Down 1.7%
Typical sale
AED 1.42M
Typical rent
AED 94K /yr
Typical yield
6.7%
Park Heights 1, Dubai Hills Estate: prices, sales and rents →

511, Park Heights 1 in numbers

  • Sold once: by Dubai Hills Estate on 8 November 2018 for AED 868,888, or AED 1,321 per sqft.
  • Rented since March 2021 on 4 Ejari contracts, from AED 35,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2018 price is 10.4%, before a service charge of about AED 8,600 a year (AED 25.65 per sqft).
  • One-beds in Park Heights 1 sold for AED 1,322,500–1,420,000 in the 12 months to November 2026; the building's median across all types is AED 2,093 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 30 November 2024.

Questions about 511, Park Heights 1

What did unit 511 last sell for?

AED 868,888 on 8 November 2018, sold by the developer: AED 1,321 per sqft for 335 sqft. It is the only registered sale of the unit.

What is the rent for unit 511?

AED 90,000 a year on the contract renewed on 30 November 2024. The previous contract, from November 2023, was AED 80,000; the unit has been rented since March 2021.

How big is unit 511?

335 sqft (31.1 sqm): a one-bedroom apartment of a 18-storey tower completed in 2020.

What is unit 511 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Heights 1 sold for AED 1,322,500 to 1,420,000 in the last 12 months, around AED 2,131 per sqft.

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Mortgage on 511, Park Heights 1

Starts from the last sale price (AED 869K, 8 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 868,888
Deposit, UAE resident (20%)
AED 173,778
Deposit, non-resident (40%)
AED 347,555
Monthly over 25 years at 3.7%
AED 3,555

Plus AED 41,504 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →