AED 220,000/ year
4 bedroom villa in Silver Springs 3
3 bath · 1,971 sqft · Single Row · Large Garden · Vacant
Park Residence 1
What tenants actually pay: the tenancies registered with Ejari, not asking rents. Understand the numbers before you rent.
140 tenancies naming Park Residence 1 were registered in the last twelve months, below.
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Sales
Renting in Park Residence 1? Ahmadreza can walk you through what these numbers mean for you.
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- Community
- Damac Hills
- First on record
- 2020 — already a completed home — the record opens after handover
- Sales on record
- 610 — registered at the Dubai Land Department, the latest October 2026
- Off-plan share
- 0% — 0 bought off-plan from the developer, 610 resales of a completed home
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 home in Park Residence 1 returns on its rent — the yield calculator →
Recorded rent per sq ft
AED 101
a year · 140 contracts here, 12 months
Mean AED 98 a year
Gross yield
—
Needs five recorded sales of one layout
Recorded sale price
AED 1,849
per sq ft · 610 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 | 169,000 | 172,217 | 108 | 62 |
| 4 B/R | 2,358 sqft | 207,500 | 211,704 | 90 | 74 |
Layouts with fewer than five contracts in the year are left out. 362 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 | 44,000 | 44,647 | 45,000 | 43,000 | 103 | 1,370 |
| 1 B/R | 70,000 | 68,082 | 70,000 | 68,250 | 97 | 1,258 |
| 2 B/R | 120,000 | 119,154 | 120,000 | 118,000 | 86 | 323 |
| 3 B/R | 190,000 | 197,423 | 185,000 | 193,210 | 72 | 661 |
| 4 B/R | 212,250 | 230,411 | 210,000 | 225,000 | 93 | 344 |
| 5 B/R | 350,000 | 400,815 | 360,000 | 350,000 | 78 | 164 |
| 6 B/R | 450,000 | 554,199 | 450,000 | 440,000 | 80 | 24 |
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 |
|---|---|---|---|---|
| 20 Oct 2026 | 4 B/R | 1,932 | 180,000 | New lease |
| 20 Oct 2026 | 4 B/R | 1,933 | 205,000 | New lease |
| 16 Oct 2026 | 3 B/R | 1,615 | 185,000 | New lease |
| 14 Oct 2026 | 4 B/R | 3,212 | 215,000 | New lease |
| 10 Oct 2026 | 3 B/R | 1,485 | 190,000 | Renewal |
| 1 Oct 2026 | 4 B/R | 2,198 | 96,536 | New lease |
| 1 Oct 2026 | 3 B/R | 1,615 | 170,000 | New lease |
| 27 Sept 2026 | 4 B/R | 1,615 | 187,500 | New lease |
| 20 Sept 2026 | 3 B/R | 4,236 | 255,000 | New lease |
| 17 Sept 2026 | 3 B/R | 1,595 | 165,000 | New lease |
| 16 Sept 2026 | 4 B/R | 2,713 | 200,000 | Renewal |
| 16 Sept 2026 | 3 B/R | 1,660 | 170,000 | New lease |
How often it lets
Contracts per year
New tenancies and renewals naming Park Residence 1, stacked.New leaseRenewal
14
64
159
125
2023202420252026
125 contracts in 2026 so far. The 2026 bar is part-year.
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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 municipality’s housing fee on the DEWA bill is 5% of the same registered rent. 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 21 Oct 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 | 307 | 2026 | 1,825 |
| Damac District Tower Anewest | 396 | 2025 | 1,818 |
| Loreto 1 B | 118 | 2019 | 1,107 |
| DAMAC Hills - Golf Vista - Tower A | 142 | 2013 | 1,106 |
| DAMAC Hills - Golf Horizon - Tower A | 149 | 2013 | 1,104 |
| 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 | 491 | 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.
Moving into Park Residence 1? Ejari, the DEWA move-in and your Makani number, explained.