PropertyIndex

Park Ridge

Completed · Q2 2022|1,084 units · 3 towers

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Park Ridge is a completed apartment development by DUBAI HILLS ESTATE L.L.C in Dubai Hills Estate, Hadaeq Sheikh Mohammed Bin Rashid, comprising 1,084 registered units. 1,690 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,369 per sqft. At AED 2,369 per sqft, Park Ridge prices in line with the Dubai Hills Estate average of AED 2,374 per sqft on registered sales.

PIX© price · 1.7% YoY
2.11MAED
Typical
2,369AED
PSF
Gross yield
5.7%
PIX© rent ÷ PIX© price
Sale records
1,690
DLD · all time
Rent contracts
3,126
Ejari · all time
Park Ridge

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
65 – 3,115 sqft
1,0842.11M2,3691.7%121K5.7%
Residential
1 Bed · Apartment
637 – 914 sqft
489
2 Bed · Apartment
982 – 1,932 sqft
474
3 Bed · Apartment
1,572 – 3,115 sqft
91
Commercial
Shop
530 – 1,399 sqft
2
Store
65 – 210 sqft
28
Sales — Project-Wide1,690 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 & Floor Analysis
last 24 months
All towers · 187 sales
Floors 1-5 · 66 sales
Floors 6-12 · 77 sales
Floors 13-21 · 44 sales
Executive Residences 2 · 62 sales
Floors 1-5 · 27 sales
Floors 6-12 · 35 sales
Floors 13-21
Tower C · 87 sales
Floors 1-5 · 17 sales
Floors 6-12 · 26 sales
Floors 13-21 · 44 sales
Executive Residences · 38 sales
Floors 1-5 · 22 sales
Floors 6-12 · 16 sales
Floors 13-21
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
6 Aug 20261 BedExecutive Residences · Floor 96581,650,0002,508+13.8%StandardStandard Sale
4 Aug 20262 BedExecutive Residences 2 · Floor 129932,150,0002,165+33.9%Entry LevelStandard Sale
28 Jul 20262 BedExecutive Residences 2 · Floor 49902,400,0002,424+45.6%StandardStandard Sale
Rentals — Project-Wide3,126 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 · 1,214 rentals
Floors 1-6 · 518 rentals
Floors 7-22 · 696 rentals
Executive Residences · 224 rentals
Floors 1-6 · 143 rentals
Floors 7-22 · 81 rentals
Executive Residences 2 · 439 rentals
Floors 1-6 · 229 rentals
Floors 7-22 · 210 rentals
Tower C · 551 rentals
Floors 1-6 · 146 rentals
Floors 7-22 · 405 rentals
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
4 Sep 20261 Bed64995,000146Standardrenewal
1 Sep 20262 Bed1,009150,000149Standardrenewal
27 Aug 20262 Bed1,002130,000130Entry Levelnew

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 Ridge

Answered from Dubai Land Department registered transactions.

How much does a property in Park Ridge cost?

Property in Park Ridge sells at a current PIX© price of AED 2,369 per sqft, or about AED 2,108,234 for a typical unit, based on 1,690 sales registered with the Dubai Land Department.

Is Park Ridge completed?

Yes. Park Ridge is recorded as completed in the Dubai Land Department project register (completed q2 2022).

Who is the developer of Park Ridge?

Park Ridge 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 Ridge?

Park Ridge yields 5.7% gross, calculated from current PIX© rent against current PIX© sale price, across 3,126 registered Ejari contracts.

How many units are in Park Ridge?

Park Ridge holds 1,084 registered units across 3 towers, per the Dubai Land Department unit register.

Have prices in Park Ridge gone up or down?

Price per sqft has fallen -1.7% over the last 12 months, to AED 2,369, across 1,690 registered sales.