Building · Damac Hills

Properties for sale in Park Residence 1

Nothing for sale here with McCone right now — 605 sales are on record at the Dubai Land Department, below.

Recorded rents and gross yield for Park Residence 1

Median sale price
AED 3.33M
42 sales · the last 12 months
Median per sq ft
AED 1,850
+12.2% on the year before
Against Damac Hills
4 of 19
Community median AED 1,701 / sq ft
Sales on record
605
Since 2020

The recorded market

Price per square foot, by year

The median of every sale registered at the Dubai Land Department here. Not asking prices.

920
1,028
1,056
1,300
1,409
1,717
1,850
2020202120222023202420252026

The low was 2020 at AED 920 a square foot, and it has recovered 101% since.

Every sale, as registered

Recent sales in Park Residence 1

The last transfers recorded at the Dubai Land Department, newest first.

DateLayoutSizePricePer sq ft
27 Aug 20263,0594,700,0001,536
26 Aug 20261,6152,860,0001,771
17 Jul 20263,9674,600,0001,160
13 Jul 20261,7813,030,0001,701
6 Jul 20261,9383,350,0001,729
29 Jun 20263,3046,719,0002,033
10 Jun 20263,5314,550,0001,289
8 Jun 20261,6153,275,0002,028
25 May 20261,6092,975,0001,849
18 May 20261,6153,150,0001,951
7 May 20261,6153,300,0002,044
28 Apr 20262,2654,050,0001,788

How often it trades

Sales per year

Off-plan sales dominate a building’s first years; resales take over after handover.Off-planResale

58
225
65
103
60
67
27
2020202120222023202420252026

Of the 605 sales on record, 0 were bought off-plan from the developer and 605 were resales of a finished home. The 2026 bar is part-year.

In context

Where it sits in Damac Hills

Park Residence 1 is the 4th most expensive of the 19 Damac Hills buildings with at least fifteen recorded sales in the last year. These are its immediate neighbours on price.

RankBuildingSales, 12 monthsMedian per sq ft
1Ivory by Damac952,056
2Silver Springs 3342,050
3Bel Air321,927
4Park Residence 1421,850
5Damac District Tower B2111,837
6Damac District Tower A3831,822
7Golf Greens 1 Tower B171,770

Damac Hills as a whole: AED 1,701 a square foot across 1,826 sales in the last twelve months.

Where these numbers come from. Every figure on this page is drawn from the Dubai Land Department’s transaction register, read directly from the Dubai Data Exchange. It is what buyers actually paid, recorded at transfer — not asking prices, not valuations, not our own estimates. Mortgage registrations, gift transfers, rent-to-own contracts and developers’ own filings are all excluded; none of them is a price a buyer paid. Medians are used rather than averages so one unusual sale cannot move the number. Data through 2 Sept 2026.

We are not marketing anything in Park Residence 1 today, but we know it and we hear about homes before they list. Tell us what you are after.