602, Park Terrace
Sold prices and rental history: sold once, by the developer in February 2014, 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 602, Park Terrace
What is 602 worth today?
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Source: Dubai Land Department. Updated 1 December 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,449 sqft
- Floor
- 6th of 11
- Parking
- B2/05
- Developer
- Madison Holdingo
- Completed
- 2010
- Service charge
- AED 19,300 /yr
- Last sold
- AED 652K · February 2014
- Building
- Park Terrace
About 602, Park Terrace
602 is a two-bedroom apartment of 1,449 sqft on the 6th floor of Park Terrace, a 11-storey tower in Dubai Silicon Oasis completed in 2010 by Madison Holdingo. The developer sold it on 9 February 2014 for AED 652,050, or AED 449 per sqft, 5% below the AED 472 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 12 Ejari contracts. The current contract, signed on 1 December 2024, is AED 145,000 a year: a gross yield of 22.2% on the 2014 price, before the service charge of about AED 19,300 a year.
Sales and rents for 602 over time
602 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Park Terrace, and where 602 sits
All 25 2-beds →602 last sold in February 2014 at AED 449 per sqft, 5% below what two-beds in Park Terrace were fetching at the time (AED 472). Over the last 12 months two-beds sold for AED 1,275,000 to 1,280,000, around AED 879 per sqft, and rent for AED 57,750 to 100,000 a year. 602's AED 145,000 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jan 202613 January 2026 | 1,456 sqft | 1,280,000 | 879 | ||
| 29 Apr 202429 April 2024 | 1,456 sqft | 800,000 | 549 | ||
| 16 Jan 202416 January 2024 | 1,456 sqft | 900,000 | 618 | ||
| 19 Sep 202319 September 2023 | 1,449 sqft | 840,000 | 579 |
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 6th floor
All 94 units in Park Terrace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 804 sqft | AED 425KAED 425,000 · May 2023May 2023 | 81,900 /yr | |
| 603 | 1,426 sqft | AED 1.18MAED 1,180,000 · Sep 2025September 2025 | 90,000 /yr | ||
| 604 | 1-bed | 906 sqft | AED 494KAED 494,000 · Jan 2024January 2024 | 60,000 /yr | |
| 605 | 1-bed | 906 sqft | AED 600KAED 600,000 · Dec 2017December 2017 | 41,553 /yr | |
| 606 | 2-bed | 1,452 sqft | AED 1.15MAED 1,150,000 · Apr 2014April 2014 | 57,750 /yr | |
| 607 | 2-bed | 1,456 sqft | AED 575KAED 575,000 · Aug 2014August 2014 | 65,150 /yr | |
| 608 | 1-bed | 805 sqft | AED 515KAED 515,000 · Feb 2024February 2024 | 100,000 /yr |
602, Park Terrace in numbers
- Sold once: by Madison Holdingo on 9 February 2014 for AED 652,050, or AED 449 per sqft.
- Rented since November 2015 on 12 Ejari contracts. The rent fell from AED 87,000 to AED 58,000 in 2020 and recovered to AED 145,000 by December 2024.
- At AED 145,000 a year the gross yield on the 2014 price is 22.2%, before a service charge of about AED 19,300 a year (AED 13.33 per sqft).
- Two-beds in Park Terrace sold for AED 1,275,000–1,280,000 in the 12 months to November 2026; the building's median across all types is AED 881 per sqft.
Source: Dubai Land Department. Updated 1 December 2024.
Questions about 602, Park Terrace
What did unit 602 last sell for?
AED 652,050 on 9 February 2014, sold by the developer: AED 449 per sqft for 1,449 sqft. It is the only registered sale of the unit.
What is the rent for unit 602?
AED 145,000 a year on the contract signed on 1 December 2024. The previous contract, from February 2024, was AED 115,000; the unit has been rented since November 2015.
How big is unit 602?
1,449 sqft (134.6 sqm): a two-bedroom apartment on the 6th floor of a 11-storey tower completed in 2010.
What is unit 602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Terrace sold for AED 1,275,000 to 1,280,000 in the last 12 months, around AED 879 per sqft.
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Mortgage on 602, Park Terrace
Starts from the last sale price (AED 652K, 9 February 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 652,050
- Deposit, UAE resident (20%)
- AED 130,410
- Deposit, non-resident (40%)
- AED 260,820
- Monthly over 25 years at 3.7%
- AED 2,668
Plus AED 32,396 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →