Park Heights I
A 1 bed in Park Heights I costs a median AED 1.36M, rents long-let for AED 90,000/yr (6.43% gross), and returns 11.25% short-let at the assumed 80% occupancy — +0.1 pts vs Dubai Hills Estate's 6.31% and -0.5 pts vs Dubai's 6.97% — from 43 sales and 119 rental contracts registered in the last 24 months through 26 Aug 2026.
- Registered data
- Sales · 1 bed
- 12 in 12 months
- Rental contracts · 1 bed
- 56 in 12 months
- Buy
- 1.36MAED
- AED 2,118/sqft
- Long-let
- 6.43%
- AED 90,000/yr
- Short-let
- 11.25%
- AED 664/night · 1.03/sqft
Price per sqft: Median of 12 registered sales of ready units in the last 12 months, most recent June 2026.
Priced off the last 5 sales — most recent June 2026.
- Yield spread
- +0.1 pts
- vs the Dubai Hills Estate median for this unit type
- Turnover upside
- +5.9%
- new tenants pay more than sitting ones — 86 renewals
- AED/yr/sqft
- AED 139
- Sales
- 43
- Rental contracts
- 119
- Renewal rent
- AED 85,000/yr
- 12 months
- +0.3%
- 3 years
- +22.1%+6.9%/yr
- 5 years
- +82.2%+12.7%/yr
Based on 43 sales and 119 rental contracts in the last 24 months.
Park Heights I is an apartment building in Dubai Hills Estate, Dubai. The closest metro station is First Abu Dhabi Bank Metro Station, the nearest mall Mall of the Emirates and the nearest landmark Burj Al Arab. Land Department records for it run from 2017 to 2026, 912 registered sales in all — the 43 in the last 24 months are what every median above is computed from.
Price history
Every recorded sale in Park Heights I, by year.
Chart data: Jul 2017, 1319 AED/sqft; latest, Aug 2026, 1853 AED/sqft; peak, Jun 2025, 2172 AED/sqft.
Yield by bedroom type
Deltas compare each yield with the Dubai Hills Estate median for the same unit type. How these yields are computed
How these yields are computed
Short-let rates around Park Heights I
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
How short-let rates are measured
Nightly rate per sqft through the year
1 bed: first Oct 2026, 0.93 AED/night/sqft; latest Sep 2027, 0.91 AED/night/sqft; peak Jan 2027, 1.4 AED/night/sqft. 2 bed: first Oct 2026, 0.76 AED/night/sqft; latest Aug 2027, 0.7 AED/night/sqft; peak Dec 2026, 1.03 AED/night/sqft.
Net revenue assumes 80% occupancy — an assumption, not a measurement.
What the net revenue deducts
Off-plan vs resale
Units sold off-plan in Park Heights I between 2017 and 2024 went for a median of AED 1,324/sqft (AED 873,888). The same building resells today at AED 2,088/sqft (AED 1.45M) — an uplift of +65.9%.
Based on 241 off-plan sales across the building's full history.
Why this uses the full history
Recent transactions
As filed with the Land Department — data to 2026-08-26.
29 resales in the last 12 months, against 43 a year on average over 2023–2025.
Sales
4 resales in the last 3 months.
Rental contracts
53 contracts starting on or after 26 May 2026.
Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.
As registered
The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.
- Floors
- 20
- Lifts
- 5
- Parking bays
- 315
- Swimming pools
- 1
Nearby
- Metro
- First Abu Dhabi Bank Metro Station
- Mall
- Mall of the Emirates
- Landmark
- Burj Al Arab
Compare with nearby buildings
The most-traded buildings in Dubai Hills Estate, on the same figures over the same window.
- Highest rental yields in Dubai Hills Estate · Park Heights I places 20th of 42
Common questions
- What is the rental yield in Park Heights I?
- Park Heights I returns 6.43% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 119 rental contracts registered in the last 24 months.
- How much does a 1 bedroom in Park Heights I cost?
- The median registered sale price is AED 1.36M (2,118 AED/sqft), from 43 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
- What are apartments in Park Heights I selling for right now?
- Registered sales of ready units in Park Heights I over the last 12 months have a median of 2,118 AED/sqft, across 12 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
- Have prices in Park Heights I risen or fallen?
- Median price per square foot moved +0.3% over the last 12 months against the 12 before it, on 43 registered sales. On a sample this size, read the direction rather than the exact figure.
- How does Park Heights I compare with Dubai Hills Estate?
- Its 6.43% gross yield sits +0.1 pts against the Dubai Hills Estate median of 6.31%, computed at the same bedroom grain over the same 24-month window.
Park Heights I sale record
- Record type
- Building-level property market record
- Data date
- Evidence base
- 43 registered sales in the trailing 24 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-let rates
- Canonical record
- /sale/apartments/dubai/dubai-hills-estate/park-heights-i
Cite as: Dubai Wealth Index. “Park Heights I sale prices and yield.” Dubai Hills Estate, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/sale/apartments/dubai/dubai-hills-estate/park-heights-i.
Stable dataJSON
Where this data stops
Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.