PropertyIndex

One Park Avenue

Completed · Q2 2023|421 units · 1 tower

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One Park Avenue is a completed apartment development by SOBHA L.L.C in Sobha Hartland, Al Merkadh, comprising 421 registered units. 609 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,011 per sqft. At AED 2,011 per sqft, One Park Avenue prices 7% below the Sobha Hartland average of AED 2,160 per sqft on registered sales.

PIX© price · 4.7% YoY
2.44MAED
Typical
2,011AED
PSF
Gross yield
6.1%
PIX© rent ÷ PIX© price
Sale records
609
DLD · all time
Rent contracts
996
Ejari · all time
One Park Avenue

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
80 – 3,112 sqft
4212.44M2,0114.7%149K6.1%
Residential
1 Bed · Apartment
735 – 870 sqft
96
2 Bed · Apartment
1,087 – 1,310 sqft
166
3 Bed · Apartment
1,462 – 1,749 sqft
137
4 Bed · Apartment
2,963 sqft
4
Commercial
Shop
970 – 3,112 sqft
12
Store
80 – 338 sqft
6
Sales — Project-Wide609 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 · 74 sales
Floors 1-14 · 37 sales
Floors 15-24 · 37 sales
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
4 Aug 20261 BedSobha Hartland One Park Avenue · Floor 217351,650,0002,245+36.6%StandardStandard Sale
31 Jul 20261 BedSobha Hartland One Park Avenue · Floor 167441,480,0001,990+34.3%StandardStandard Sale
28 Jul 20262 BedSobha Hartland One Park Avenue · Floor 11,3082,100,0001,605+7.1%Entry LevelStandard Sale
Rentals — Project-Wide996 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 · 459 rentals
Floors 1-21 · 409 rentals
Floors 22-24 · 50 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
1 Sep 20261 Bed74385,000114Entry Levelnew
1 Sep 20262 Bed1,164150,000129Standardrenewal
17 Aug 20263 BedSobha Hartland One Park Avenue · Floor 21,480170,000115-12.8%Entry Levelnew

Comparables

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

Comparable projects in Sobha Hartland

The closest-priced registered projects in Sobha Hartland.

Common questions about One Park Avenue

Answered from Dubai Land Department registered transactions.

How much does a property in One Park Avenue cost?

Property in One Park Avenue sells at a current PIX© price of AED 2,011 per sqft, or about AED 2,442,106 for a typical unit, based on 609 sales registered with the Dubai Land Department.

Is One Park Avenue completed?

Yes. One Park Avenue is recorded as completed in the Dubai Land Department project register (completed q2 2023).

Who is the developer of One Park Avenue?

One Park Avenue is developed by SOBHA L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in One Park Avenue?

One Park Avenue yields 6.1% gross, calculated from current PIX© rent against current PIX© sale price, across 996 registered Ejari contracts.

How many units are in One Park Avenue?

One Park Avenue holds 421 registered units, per the Dubai Land Department unit register.

Have prices in One Park Avenue gone up or down?

Price per sqft has fallen -4.7% over the last 12 months, to AED 2,011, across 609 registered sales.