302, Park Terrace
Sold prices and rental history: sold once, by the developer in November 2012, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 302, Park Terrace
What is 302 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 3 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 477 sqft
- Floor
- 3rd of 11
- Parking
- B1/89
- Developer
- Madison Holdingo
- Completed
- 2010
- Service charge
- AED 6,400 /yr
- Last sold
- AED 299K · November 2012
- Building
- Park Terrace
About 302, Park Terrace
302 is a studio of 477 sqft on the 3rd floor of Park Terrace, a 11-storey tower in Dubai Silicon Oasis completed in 2010 by Madison Holdingo. The developer sold it on 18 November 2012 for AED 298,602, or AED 626 per sqft.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 3 November 2024, is AED 38,000 a year: a gross yield of 12.7% on the 2012 price, before the service charge of about AED 6,400 a year.
Sales and rents for 302 over time
302 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Park Terrace, and where 302 sits
All 13 studios →302's AED 38,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Jul 20249 July 2024 | 477 sqft | 355,000 | 744 | ||
| 6 Jun 20176 June 2017 | 486 sqft | 510,000 | 1,049 | ||
| 28 Mar 201728 March 2017 | 447 sqft | 485,000 | 1,084 | ||
| 3 Sep 20153 September 2015 | 477 sqft | 420,000 | 880 |
Park Terrace
Building94 apartments, studios to 3-bed over 11 floors in Dubai Silicon Oasis, completed in 2010 by Madison Holdingo. 4 sold in the last 12 months.
- Typical price per sqft
- AED 881
- Typical sale
- AED 1.04M
- Typical rent
- AED 75K /yr
- Typical yield
- 8.6%
Other units on the 3rd floor
All 94 units in Park Terrace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 804 sqft | AED 550KAED 550,000 · Dec 2015December 2015 | 81,900 /yr | |
| 303 | 1-bed | 971 sqft | AED 608KAED 607,846 · May 2021May 2021 | 58,000 /yr | |
| 304 | 1-bed | 486 sqft | AED 590KAED 590,000 · May 2023May 2023 | 80,000 /yr | |
| 305 | Studio | 452 sqft | AED 283KAED 282,952 · Nov 2012November 2012 | 51,996 /yr | |
| 306 | 1-bed | 906 sqft | AED 645KAED 645,000 · Aug 2024August 2024 | 75,000 /yr | |
| 307 | 1-bed | 906 sqft | AED 640KAED 640,000 · Sep 2024September 2024 | 107,000 /yr | |
| 308 | 2-bed | 1,452 sqft | AED 909KAED 908,952 · Aug 2010August 2010 | 85,000 /yr | |
| 309 | 2-bed | 1,456 sqft | AED 1.28MAED 1,280,000 · Jan 2026January 2026 | 95,000 /yr | |
| 310 | 1-bed | 805 sqft | AED 504KAED 503,930 · Jul 2016July 2016 | 35,000 /yr |
302, Park Terrace in numbers
- Sold once: by Madison Holdingo on 18 November 2012 for AED 298,602, or AED 626 per sqft.
- Rented since January 2015 on 7 Ejari contracts. The rent fell from AED 55,000 to AED 25,000 in 2021 and recovered to AED 38,000 by November 2024.
- At AED 38,000 a year the gross yield on the 2012 price is 12.7%, before a service charge of about AED 6,400 a year (AED 13.33 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 3 November 2024.
Questions about 302, Park Terrace
What did unit 302 last sell for?
AED 298,602 on 18 November 2012, sold by the developer: AED 626 per sqft for 477 sqft. It is the only registered sale of the unit.
What is the rent for unit 302?
AED 38,000 a year on the contract signed on 3 November 2024. The previous contract, from July 2024, was AED 143,000; the unit has been rented since January 2015.
How big is unit 302?
477 sqft (44.3 sqm): a studio on the 3rd floor of a 11-storey tower completed in 2010.
What is unit 302 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 302, Park Terrace
Starts from the last sale price (AED 299K, 18 November 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 298,602
- Deposit, UAE resident (20%)
- AED 59,720
- Deposit, non-resident (40%)
- AED 119,441
- Monthly over 25 years at 3.7%
- AED 1,222
Plus AED 15,451 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →