Park Heights 1 - Dubai Hills Estate - Mohammad bin Rashid City  

Park Heights I is an 18-storey apartment building being developed by Emaar in its Dubai Hills master development. The project will feature 1, 2, and 3 bedroom apartments. Post handover payment plan: 60% during construction, 40% post-construction. This project is set to launch on April 5, 2017.

Master Community: Dubai Hills Estate
Property Types Available: Apartments
Location: Al Qudra Road, Al Khail Road, Umm Suqeim Road
Year Launched: 2017
Estimated Completion Date: March 2020
Developer: Emaar
Title Type: Freehold
Quality Classification: High-end
Height Classification: High-rise
Life Cycle: Under Construction
Special Classification: Residential Building with some retail
Under-Construction Apartments: 270
Floors: 18

Investment Feasibility & Decision Drivers

Snapshot summary for investing in Park Heights 1

Investment Score

Value for Money
75%
Project Uniqueness
65%
Location & Connectivity
70%
Rental Yield Expectation
65%
Capital Growth Expectation
65%
More information on investment scores

Total Score

Synopsis

Sale Status: Developer Sold out. Units available from secondary market.

Payment Plan: Very investor friendly

Ideal for: End-Users & Investors

Price Range: AED 1,000 PSF - AED 1,200 PSF

Unit Types Available: Apartment

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What Our Experts Think

Park Heights I is a high rise building in Dubai Hills featuring 1, 2 and 3 bedroom apartments. It will be in close proximity to the upcoming regional mall and central park in the master development. Units will offer views of the community, the boulevard, and golf course (some units on the higher floors). We expect this community to be similar to that of Emirates Living.

- Developer is offering a very flexible and investor friendly payment plan: 60% payable during construction, 40% payable every 6 months over the 2 years post-completion.

- We expect prices to start at approximately AED 1,000 PSF. Launch is on the 5th of April, 2017.

- Sizes: 1 Bed: 638 - 655 Sq. Ft.; 2 Bed: 955 - 1,084 Sq. Ft.; 3 Bed: 1,601 - 1,605 Sq. Ft.

Dubai Hills Mall by Emaar

 Published on Aug 23 2017   1,401 Views

 Source: Emaar

 Category: Design Concept , Project Walk Through , Project Introduction

Dubai Hills Mall is the latest addition to Emaar's newest master development, Dubai Hills Estate. Here are some major stats regarding Dubai Hills:
- An 11 million square meter development
- Will eventually have over 2,000 villas and thousands of apartments
- 18 hole golf-course within the development
- 14 tennis courts
- 4 schools
- Many kilometers of natural trails
- 2 hotels & resorts
- Rail & metro-link connectivity
- Dubai Hills Mall

Park Heights 1 at Dubai Hills Estate

Limited number of 1, 2 & 3 bed units for sale on a payment-plan. High-end development in a prime location.

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About Park Heights 1

General Guide

- Park Heights I is an upcoming project by Emaar in its Dubai Hills master development.

- It is a B+G+18 floors building

- The project will feature 1, 2, and 3 bedroom apartments.

- Unit breakdown: 144 one beds, 90 two beds, and 36 three beds

- Located on the boulevard, where F&B & retail outlets will also be available

- Park Heights will be a 5 minute walk fro the central park and will have a hotel adjacent to it.

- Within Dubai Hills, there are plans for two hospitals, three hotels, a mall, schools, petrol stations, along with a metro line.

- This project will be a 10 minute walk from the regional mall in Dubai Hills.

Sizes

- 1 Bed: 638 - 655 Sq. Ft.

- 2 Bed: 955 - 1,084 Sq. Ft.

- 3 Bed: 1,601 - 1,605 Sq. Ft.

Payment Plan

- 10% Down Payment

- 10% October 2017

- 5% April 2018

- 10% October 2018 (20% Construction Completion)

- 5% April 2019 (50% Construction Completion)

- 10% September 2019 (80% Construction Completion)

- 10% March 2020 (Handover)

- 10% September 2020

- 10% March 2021

- 10% September 2021

- 10% March 2022

About Dubai Hills Estate

Dubai Hills is a large, master-planned community located in Mohammad bin Rashid City. The land is owned by Meraas and the individual developments taking place are managed by Emaar Properties. Most observers compare Dubai Hills to Emaar's first major master-planned development, Emirates Living - which contains several major projects including Meadows, Springs, Emirates Hills, The Lakes, Greens and The Views.

To register in advance for this project, please contact Kashif (+971.50.708.6765).

Project Completion Status (as per DLD): 0% (as of May 22, 2017)

Dubai Land Classification & Escrow Account Details:

Land Number: 1889

Project Number: 1876

Real Estate Developer: DUBAI HILLS ESTATE

Trust Account Number: 27904163

Account Trustee Name: ABU DHABI ISLAMIC BANK

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

Amenities of Park Heights 1

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