AED 695,000/ year
Luxury | Prestigious | Upscale
Bel Air · 7 bed · 7 bath · 7,328 sqft
Building · Damac Hills
Properties for rent in Park Residence 1
Nothing for rent here with McCone right now — 144 tenancies naming Park Residence 1 were registered in the last twelve months, below.
Every recorded sale in Park Residence 1 — prices, sizes and the year it was handed over →
Living in Damac Hills — the area guide →
What a Park Residence 1 property returns on its rent — the yield calculator →
Recorded rent per sq ft
AED 102
a year · 144 contracts here, 12 months
Mean AED 99 a year
Gross yield
—
Needs five recorded sales of one layout
Recorded sale price
AED 1,850
per sq ft · 606 sales on record
Handed over
—
Not derivable from the register
Recorded rents
What Park Residence 1 rents for, by layout
Tenancies registered with Ejari that name Park Residence 1, last twelve months. Annual rents, medians.
| Layout | Typical size | Median rent | Mean rent | Per sq ft / year | Contracts |
|---|---|---|---|---|---|
| 3 B/R | 1,615 sqft | 170,000 | 173,469 | 108 | 65 |
| 4 B/R | 2,462 sqft | 215,000 | 216,694 | 90 | 75 |
Layouts with fewer than five contracts in the year are left out. 344 contracts name this building on the register since 2023.
For comparison
Recorded rents in Damac Hills
How Park Residence 1 sits against its community. The full Damac Hills rental report →
| Layout | Median rent | Mean rent | New lease | Renewal | Per sq ft / year | Contracts |
|---|---|---|---|---|---|---|
| Studio | 45,000 | 44,992 | 45,000 | 43,000 | 103 | 1,372 |
| 1 B/R | 70,000 | 68,426 | 70,000 | 66,584 | 98 | 1,279 |
| 2 B/R | 120,000 | 120,076 | 120,000 | 116,000 | 87 | 319 |
| 3 B/R | 190,000 | 196,790 | 187,500 | 194,040 | 72 | 668 |
| 4 B/R | 215,250 | 232,269 | 215,000 | 224,798 | 90 | 323 |
| 5 B/R | 360,000 | 407,666 | 365,000 | 345,000 | 75 | 149 |
| 6 B/R | 440,000 | 534,126 | 407,500 | 440,000 | 80 | 22 |
Every tenancy, as registered
Recent contracts in Park Residence 1
The latest tenancies registered with Ejari naming this building, newest first.
| Start | Layout | Size | Annual rent | Type |
|---|---|---|---|---|
| 10 Sept 2026 | 4 B/R | 4,384 | 222,000 | Renewal |
| 5 Sept 2026 | 4 B/R | 3,387 | 240,000 | Renewal |
| 5 Sept 2026 | 4 B/R | 2,462 | 220,000 | New lease |
| 1 Sept 2026 | 4 B/R | 1,938 | 175,000 | New lease |
| 1 Sept 2026 | 4 B/R | 1,935 | 250,000 | New lease |
| 1 Sept 2026 | 3 B/R | 1,485 | 160,000 | Renewal |
| 1 Sept 2026 | 4 B/R | 1,938 | 175,000 | New lease |
| 1 Sept 2026 | 3 B/R | 1,486 | 165,000 | New lease |
| 31 Aug 2026 | 4 B/R | 2,265 | 220,000 | New lease |
| 26 Aug 2026 | 3 B/R | 1,632 | 165,000 | New lease |
| 26 Aug 2026 | 3 B/R | 1,485 | 150,000 | New lease |
| 25 Aug 2026 | 3 B/R | 1,615 | 160,000 | New lease |
How often it lets
Contracts per year
New tenancies and renewals naming Park Residence 1, stacked.New leaseRenewal
14
64
159
107
2023202420252026
107 contracts in 2026 so far. The 2026 bar is part-year.
For rent nearby · Damac Hills
Homes to rent in Damac Hills now
Our live rental stock in the community. Everything for rent in Damac Hills →
AED 290,000/ year
Brand New | Luxury Finishes | Hot Deal
Silver Springs 3 · 6 bed · 7 bath · 3,173 sqft
AED 250,000/ year
Tenanted til Mid Aug | Maids Room | Great Location
Rochester · 4 bed · 4 bath · 4,180 sqft
AED 229,999/ year
Vacant | Spacious Layout | Luxurious
Silver Springs 3 · 4 bed · 3 bath · 3,704 sqft
AED 180,000/ year
Exclusive | Ready Sep 7th | Family Villa
Rockwood · 3 bed · 4 bath · 2,249 sqft
AED 169,999/ year
Park Access | Immaculate Condition | Good Layout
Trinity · 3 bed · 3 bath · 1,615 sqft
Where these numbers come from. Every rent on this page is a tenancy contract registered with Ejari, the Dubai Land Department’s rental register, read directly from the Dubai Data Exchange. It is what tenants actually agreed to pay — not asking rents, not our own estimates. Homes only: offices, shops, labour accommodation and whole-building leases are excluded, as are contracts covering several properties at one price and the register’s own typing errors. The register records the area a home sits in and, on about a quarter of contracts, the project — never the building on its own — so a community’s figures are its DLD area’s, and a building’s are its own only where the register names it. Medians are used rather than averages so one unusual contract cannot move the number. Data through 10 Sept 2026.
Nearby
What else to look at in Damac Hills
The buildings this one sits between on recorded price per square foot, and the newest to start trading. Every one has its own page of registered prices.
| Building | Recorded sales | First traded | Median per sq ft |
|---|---|---|---|
| Damac District Tower Bnewest | 218 | 2026 | 1,837 |
| Damac District Tower Anewest | 384 | 2025 | 1,821 |
| DAMAC Hills - Golf Horizon - Tower A | 148 | 2013 | 1,106 |
| DAMAC Hills - Golf Vista - Tower A | 142 | 2013 | 1,106 |
| Loreto 1 B | 117 | 2019 | 1,103 |
| Whitefield 2 | 24 | 2013 | 1,096 |
| DAMAC Hills - Golf Panorama - Tower B | 154 | 2013 | 1,091 |
| Golf Promenade 5A | 110 | 2022 | 1,051 |
| Park Residences 4 | 489 | 2020 | 1,050 |
| Brookfield 3 | 35 | 2013 | 1,045 |
Medians over each building’s whole recorded history at the Dubai Land Department, so a tower that has not traded lately is still here — this is what to look at next, not what the market is doing this month. Buildings with fewer than five recorded sales are left out. “First traded” is the year the register first saw a sale in the building, which for a new tower is close to its handover.