Park Heights 1
About Park Heights 1
(sq. ft.)
Park Heights 1 is an apartment complex in Dubai Hills Estate. The developer is Emaar Properties. Park Heights 1 features 1, 2 and 3-bedroom apartments ranging in size from 60 to 149 sq. m (645-1603 sq. ft).
Among the advantages of properties in this apartment complex are panoramic windows and spacious balconies. There is a playground, gym, swimming pools for adults and children, as well as stores.
Apartments at Park Heights 1 will start at AED 1,987,888 (USD 541,186).
*The price is valid for 2020
Property Information
- Location Dubai Hills Estate, Dubai, UAE
- Developer Emaar
- Status of Project Ready
- Type of Project Residential Building
- Units 1-3BR
- Area from 645 sq. ft.
Location
Park Heights 1 is in close proximity to Dubai Hills Park, Dubai Hills Mall and a prestigious golf club. Close to this residential complex are a large number of restaurants and branded boutiques.
Due to the fact that Park Heights 1 is located at the intersection of Sheikh Zayed Road and Al Khail Road, from here you can quickly get to any area of Dubai.
The Burj Al Arab is a 15-minute drive away, and Dubai Mall, The Palm Jumeirah and The Walk JBR, a man-made island, are all within a 20-minute drive. Dubai International Airport is a 25-minute drive away.
Within a short drive from Park Heights 1 are various educational institutions – schools, Dubai Heights Academy and an educational center with many universities. The medical center and several hospitals are nearby.
Payback
The average gross return on investment in apartments in Park Heights 1 is 5.12%. The average annual rent price for apartments in Dubai Hills Estate is AED 93,566 (USD 25,472).
To calculate the profit from the rental of apartments, one should take into account the mandatory management fee. Each year a fee of about AED 4,500 (USD 1,225) is charged. One must also take into account the 5% VAT tax. At the current average annual rent at Park Heights 1 it will be AED 4,678 (USD 1,273).
Net annual rental income from the apartments will be AED 84,388 (USD 23,000).
Thanks to the plans of developer Emaar Properties, the cost of renting and buying apartments in Dubai Hills Estate will increase significantly in the near future. Therefore, the payback period should shorten.
*The price is valid for 2020
Similar Projects
Metropolitan Premium Properties
-
[email protected]
-
+971 4 428 6151
-
36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
Get A Free Consultation
Ready for your new home?Popular Searches in the UAE
Our newsletter
Sign up for our weekly newsletter for market updates!