PropertyIndex

Park Heights I

Completed · Q1 2020|281 units · 1 tower

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Park Heights I is a completed apartment development by DUBAI HILLS ESTATE L.L.C in Dubai Hills Estate, Hadaeq Sheikh Mohammed Bin Rashid, comprising 281 registered units. 455 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,083 per sqft. At AED 2,083 per sqft, Park Heights I prices 12% below the Dubai Hills Estate average of AED 2,374 per sqft on registered sales.

PIX© price · 1.0% YoY
1.84MAED
Typical
2,083AED
PSF
Gross yield
6.0%
PIX© rent ÷ PIX© price
Sale records
455
DLD · all time
Rent contracts
1,106
Ejari · all time
Park Heights I

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
108 – 2,359 sqft
2811.84M2,0831.0%111K6.0%
Residential
1 Bed · Apartment
645 – 657 sqft
144
2 Bed · Apartment
955 – 1,089 sqft
90
3 Bed · Apartment
1,609 – 1,612 sqft
36
Commercial
Shop
1,709 – 2,359 sqft
5
Store
108 – 222 sqft
6
Sales — Project-Wide455 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
Floor Analysis
last 24 months
Median PSF · 76 sales
Floors 1-8 · 41 sales
Floors 9-18 · 35 sales
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
5 Aug 20262 BedFloor 61,0762,050,0001,905Entry LevelStandard Sale
14 Jul 20263 BedFloor 131,6102,900,0001,801+5.5%Entry LevelLease-to-Own
3 Jun 20261 BedFloor 136461,360,0002,107+57.1%StandardStandard Sale
Rentals — Project-Wide1,106 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 366 rentals
Floors 1-13 · 253 rentals
Floors 14-18 · 113 rentals
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
1 Sep 20263 Bed1,610208,000129Standardrenewal
27 Aug 20261 Bed64685,000132Standardnew
19 Aug 20263 Bed1,610220,000137Standardnew

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 I

Answered from Dubai Land Department registered transactions.

How much does a property in Park Heights I cost?

Property in Park Heights I sells at a current PIX© price of AED 2,083 per sqft, or about AED 1,837,930 for a typical unit, based on 455 sales registered with the Dubai Land Department.

Is Park Heights I completed?

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

Who is the developer of Park Heights I?

Park Heights I 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 I?

Park Heights I yields 6.0% gross, calculated from current PIX© rent against current PIX© sale price, across 1,106 registered Ejari contracts.

How many units are in Park Heights I?

Park Heights I holds 281 registered units, per the Dubai Land Department unit register.

Have prices in Park Heights I gone up or down?

Price per sqft has fallen -1.0% over the last 12 months, to AED 2,083, across 455 registered sales.