PropertyIndex

Park Heights 2

Completed · Q1 2020|565 units · 2 towers

Alerts: Get notified of every new DLD-registered sale and rental contract.

Park Heights 2 is a completed apartment development by DUBAI HILLS ESTATE L.L.C in Dubai Hills Estate, Hadaeq Sheikh Mohammed Bin Rashid, comprising 565 registered units. 943 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,998 per sqft. At AED 1,998 per sqft, Park Heights 2 prices 16% below the Dubai Hills Estate average of AED 2,374 per sqft on registered sales.

PIX© price · 2.8% YoY
1.73MAED
Typical
1,998AED
PSF
Gross yield
6.3%
PIX© rent ÷ PIX© price
Sale records
943
DLD · all time
Rent contracts
2,329
Ejari · all time
Park Heights 2

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
62 – 2,330 sqft
5651.73M1,9982.8%109K6.3%
Residential
1 Bed · Apartment
645 – 855 sqft
299
2 Bed · Apartment
955 – 1,648 sqft
183
3 Bed · Apartment
1,609 – 2,330 sqft
73
Commercial
Shop
1,565 – 2,004 sqft
2
Store
62 – 329 sqft
8
Sales — Project-Wide943 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Tower Analysis
last 24 months
All towers · 126 sales
Park Heights Ii T1 · 62 sales
Park Heights Ii T2 · 64 sales
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
10 Aug 20262 BedPark Heights Ii T1 · Floor 89562,000,0002,092+42.9%Entry LevelStandard Sale
30 Jul 20263 BedPark Heights Ii T2 · Floor 71,6122,800,0001,737+18.4%Entry LevelStandard Sale
22 Jul 20262 BedPark Heights Ii T2 · Floor 129572,010,0002,101+60.2%StandardStandard Sale
Rentals — Project-Wide2,329 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Tower & Floor Analysis
last 24 months
All towers · 717 rentals
Floor 1 · 37 rentals
Floor 2 · 38 rentals
Floor 3 · 44 rentals
Floors 4-18 · 598 rentals
Park Heights Ii T2 · 328 rentals
Floor 1 · 19 rentals
Floor 2 · 17 rentals
Floor 3 · 20 rentals
Floors 4-18 · 272 rentals
Park Heights Ii T1 · 389 rentals
Floor 1 · 18 rentals
Floor 2 · 21 rentals
Floor 3 · 24 rentals
Floors 4-18 · 326 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
29 Sep 20263 Bed1,612164,824102Entry Levelrenewal
15 Aug 20262 BedPark Heights Ii T1 · Floor 6957140,0001460.0%Standardrenewal
13 Aug 20261 BedPark Heights Ii T1 · Floor 1764588,306137-1.9%Standardrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Dubai Hills Estate

The closest-priced registered projects in Dubai Hills Estate.

Common questions about Park Heights 2

Answered from Dubai Land Department registered transactions.

How much does a property in Park Heights 2 cost?

Property in Park Heights 2 sells at a current PIX© price of AED 1,998 per sqft, or about AED 1,732,864 for a typical unit, based on 943 sales registered with the Dubai Land Department.

Is Park Heights 2 completed?

Yes. Park Heights 2 is recorded as completed in the Dubai Land Department project register (completed q1 2020).

Who is the developer of Park Heights 2?

Park Heights 2 is developed by DUBAI HILLS ESTATE L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Park Heights 2?

Park Heights 2 yields 6.3% gross, calculated from current PIX© rent against current PIX© sale price, across 2,329 registered Ejari contracts.

How many units are in Park Heights 2?

Park Heights 2 holds 565 registered units across 2 towers, per the Dubai Land Department unit register.

Have prices in Park Heights 2 gone up or down?

Price per sqft has risen +2.8% over the last 12 months, to AED 1,998, across 943 registered sales.