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Ready building · DAMAC

Park Residences 1, Al Hebiah Third

Highlights

Park Residences 1 at a glance

About Park Residences 1

Park Residences 1 is a residential building in Al Hebiah Third, Dubai, developed by DAMAC. It holds about 348 units: 3-bedroom apartments, 4-bedroom apartments, 5-bedroom apartments, 6-bedroom apartments.

The building was completed in 2025 and has been in use for about 1 years. 41 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,698 per sq ft.

Park Residences 1 is one of 82 buildings in Al Hebiah Third: 68 are complete and 14 are still being built.

In a nutshell

  • A residential ready building
  • Located in Al Hebiah Third, Dubai
  • Developed by DAMAC
  • Completed in Q1 2025
  • Unit types: 3 Beds, 4 Beds, 5 Beds, 6 Beds
  • Sizes from 1,490 to 6,510 sq ft
  • Service charge from AED 3.87 per sq ft
Status
Ready
Developer
DAMAC
Location
Al Hebiah Third, Dubai
Completed
Q1 2025
Unit types
3 Beds, 4 Beds, 5 Beds, 6 Beds
Prices from
AED 1.4M
Median price per sq ft
AED 1,698
Service charge
AED 3.87 per sq ft (2026)
Nearest metro
Dubai Miracle Garden, 3.8 km

Building details

Inside Park Residences 1

Properties in Park Residences 1

3-bedroom apartments in Park Residences 1

There are about 141 of these in Park Residences 1, from 1,490 to 4,420 sq ft. They have recently sold for a median of AED 2.9M, or AED 1,530 per sq ft. Owners who resold made a median 6% over what they paid.

4-bedroom apartments in Park Residences 1

There are about 190 of these in Park Residences 1, from 1,490 to 4,960 sq ft. They have recently sold for a median of AED 4.0M, or AED 1,790 per sq ft. Owners who resold made a median 12% over what they paid.

5-bedroom apartments in Park Residences 1

There are about 13 of these in Park Residences 1, from 2,410 to 6,510 sq ft. They have recently sold for a median of AED 5.0M, or AED 1,280 per sq ft.

6-bedroom apartments in Park Residences 1

There are about 4 of these in Park Residences 1, from 3,300 to 3,650 sq ft. They have recently sold for a median of AED 6.7M, or AED 1,580 per sq ft.

Unit types in Park Residences 1 with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
3 Beds1411,490 sqft138.4 sqmt – 4,420 sqft410.6 sqmtAED 2.9MAED 185K
4 Beds1901,490 sqft138.4 sqmt – 4,960 sqft460.8 sqmtAED 4MAED 215K
5 Beds132,410 sqft223.9 sqmt – 6,510 sqft604.8 sqmtAED 5M–
6 Beds43,300 sqft306.6 sqmt – 3,650 sqft339.1 sqmtAED 6.7M–

Recent transactions in Park Residences 1

  • Park Residences 1

    Damac Hills

    AED 3.8M

    AED 1,866 /sqftAED 20,085 /sqmt

    ReadyVilla
    2,927 sqft271.9 sqmt4 BedsOwner19 Oct 2026

  • Park Residences 1

    Damac Hills

    AED 5M

    AED 2,424 /sqftAED 26,092 /sqmt

    ReadyVilla
    3,386 sqft314.6 sqmt4 BedsOwner30 Sept 2026

  • Park Residences 1

    Damac Hills

    AED 3.2M

    AED 1,709 /sqftAED 18,396 /sqmt

    ReadyVilla
    1,615 sqft150 sqmt4 BedsOwner14 Sept 2026

  • Park Residences 1

    Damac Hills

    AED 2.7M

    AED 1,339 /sqftAED 14,413 /sqmt

    ReadyVilla
    1,485 sqft138 sqmt3 BedsOwner11 Sept 2026

  • Park Residences 1

    Damac Hills

    AED 5M

    AED 1,261 /sqftAED 13,573 /sqmt

    ReadyVilla
    3,073 sqft285.5 sqmt5 BedsOwner8 Sept 2026

  • Park Residences 1

    Damac Hills

    AED 4.7M

    AED 1,430 /sqftAED 15,392 /sqmt

    ReadyVilla
    3,059 sqft284.2 sqmt4 BedsOwner27 Aug 2026

  • Park Residences 1

    Damac Hills

    AED 2.9M

    AED 1,610 /sqftAED 17,330 /sqmt

    ReadyVilla
    1,615 sqft150 sqmt3 BedsOwner26 Aug 2026

  • Park Residences 1

    Damac Hills

    AED 4.6M

    AED 2,230 /sqftAED 24,004 /sqmt

    ReadyVilla
    3,967 sqft368.5 sqmt4 BedsOwner17 Jul 2026

  • Park Residences 1

    Damac Hills

    AED 3M

    AED 1,192 /sqftAED 12,831 /sqmt

    ReadyVilla
    1,781 sqft165.5 sqmt4 BedsOwner10 Jul 2026

  • Park Residences 1

    Damac Hills

    AED 3.4M

    AED 1,746 /sqftAED 18,794 /sqmt

    ReadyVilla
    1,938 sqft180 sqmt4 BedsOwner6 Jul 2026

  • Park Residences 1

    Damac Hills

    AED 6.7M

    AED 1,582 /sqftAED 17,029 /sqmt

    ReadyVilla
    3,304 sqft307 sqmt6 BedsDeveloper29 Jun 2026

  • Park Residences 1

    Damac Hills

    AED 4.6M

    AED 1,279 /sqftAED 13,767 /sqmt

    ReadyVilla
    3,531 sqft328 sqmt5 BedsOwner10 Jun 2026

  • Park Residences 1

    Damac Hills

    AED 3.3M

    AED 1,844 /sqftAED 19,849 /sqmt

    ReadyVilla
    1,615 sqft150 sqmt3 BedsOwner5 Jun 2026

  • Park Residences 1

    Damac Hills

    AED 3M

    AED 1,614 /sqftAED 17,373 /sqmt

    ReadyVilla
    1,609 sqft149.5 sqmt4 BedsOwner22 May 2026

  • Park Residences 1

    Damac Hills

    AED 3.2M

    AED 1,772 /sqftAED 19,074 /sqmt

    ReadyVilla
    1,615 sqft150 sqmt3 BedsOwner15 May 2026

  • Park Residences 1

    Damac Hills

    AED 3.3M

    AED 1,791 /sqftAED 19,278 /sqmt

    ReadyVilla
    1,615 sqft150 sqmt4 BedsOwner7 May 2026

  • Park Residences 1

    Damac Hills

    AED 4.1M

    AED 1,389 /sqftAED 14,951 /sqmt

    ReadyVilla
    2,265 sqft210.4 sqmt4 BedsOwner28 Apr 2026

  • Park Residences 1

    Damac Hills

    AED 4.4M

    AED 2,136 /sqftAED 22,992 /sqmt

    ReadyVilla
    3,360 sqft312.2 sqmt4 BedsOwner31 Mar 2026

  • Park Residences 1

    Damac Hills

    AED 3.2M

    AED 1,783 /sqftAED 19,192 /sqmt

    ReadyVilla
    1,615 sqft150 sqmt3 BedsOwner26 Mar 2026

  • Park Residences 1

    Damac Hills

    AED 6.4M

    AED 1,686 /sqftAED 18,148 /sqmt

    ReadyVilla
    5,401 sqft501.8 sqmt5 BedsOwner26 Mar 2026

  • Park Residences 1

    Damac Hills

    AED 235K/yr

    VillaNew contract
    3,221 sqft299.2 sqmt4 Bedsto

  • Park Residences 1

    Damac Hills

    AED 265K/yr

    VillaNew contract
    3,109 sqft288.8 sqmt4 Bedsto

  • Park Residences 1

    Damac Hills

    AED 170K/yr

    VillaNew contract
    1,615 sqft150 sqmt3 Bedsto

  • Park Residences 1

    Damac Hills

    AED 205K/yr

    VillaNew contract
    1,933 sqft179.6 sqmt4 Bedsto

  • Park Residences 1

    Damac Hills

    AED 180K/yr

    VillaNew contract
    1,932 sqft179.5 sqmt4 Bedsto

  • Park Residences 1

    Damac Hills

    AED 185K/yr

    VillaNew contract
    1,615 sqft150 sqmt3 Bedsto

  • Park Residences 1

    Damac Hills

    AED 215K/yr

    VillaNew contract
    3,212 sqft298.4 sqmt4 Bedsto

  • Park Residences 1

    Damac Hills

    AED 190K/yr

    VillaRenewal
    1,485 sqft138 sqmt3 Bedsto

Every sale in Park Residences 1Every rent contract in Park Residences 1

Service charges in Park Residences 1

The 2026 service charge in Park Residences 1 is AED 3.87 per sq ft for homes. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Service charges in Park Residences 1
Unit typeRate per sq ftSizeYearly charge
3 Beds Villa (2026)AED 3.871,490 sqft138.4 sqmt – 4,420 sqft410.6 sqmtAED 5,766 – AED 17,105
4 Beds Villa (2026)AED 3.871,490 sqft138.4 sqmt – 4,960 sqft460.8 sqmtAED 5,766 – AED 19,195
5 Beds Villa (2026)AED 3.872,410 sqft223.9 sqmt – 6,510 sqft604.8 sqmtAED 9,327 – AED 25,194
6 Beds Villa (2026)AED 3.873,300 sqft306.6 sqmt – 3,650 sqft339.1 sqmtAED 12,771 – AED 14,126

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around Park Residences 1

Transportation near Park Residences 1

Stations planned on new lines nearby include Dubai Miracle Garden (golden line, 3.8 km, about 10 min drive) and Hadaeq Mohammed Bin Rashid (golden line, 3.9 km, about 10 min drive).

  • Dubai Miracle GardenGolden line · 3.8 km · about 10 min drive
  • Hadaeq Mohammed Bin RashidGolden line · 3.9 km · about 10 min drive
  • Meydan Etihad Rail InterchangeGolden line · 5.4 km · about 13 min drive
  • Jumeirah Village CircleGolden line · 6.2 km · about 14 min drive
  • Global VillageGolden line · 7.1 km · about 16 min drive
  • Dubai Production CityGolden line · 7.8 km · about 18 min drive

Shopping and groceries near Park Residences 1

The closest is Uptown Motor City, 2.3 km from Park Residences 1 (about 7 min drive).

  • Uptown Motor CityShopping Mall · 2.3 km · about 7 min drive
  • Arena MallShopping Mall · 4 km · about 10 min drive

Restaurants and hotels near Park Residences 1

The closest is Medlock Villas, 7.8 km from Park Residences 1 (about 18 min drive).

  • Medlock VillasHotel · 7.8 km · about 18 min drive

Parks and leisure near Park Residences 1

The closest is Global Village, 7 km from Park Residences 1 (about 16 min drive).

  • Global VillagePark · 7 km · about 16 min drive

Schools near Park Residences 1

The nearest is Ranches Primary School, 1.6 km away. Ratings are the KHDA's latest inspection grades.

  • Ranches Primary SchoolUK · KHDA: Very good · 1.6 km
  • Lycée français international (Branch)French · KHDA: Not inspected yet · 1.8 km
  • GEMS Metropole School - Dubai BranchUK · KHDA: Good · 2.1 km
  • Fairgreen International School L.L.CInternational Baccalaureate · KHDA: Good · 2.2 km
  • Dubai International Academy Town SquareInternational Baccalaureate · KHDA: Not inspected yet · 2.3 km
  • Royal Grammar School Guildford L.L.CUK · KHDA: Very good · 2.5 km

Other buildings in Al Hebiah Third

Al Hebiah Third has 82 buildings. A few others to compare Park Residences 1 with:

All 82 Al Hebiah Third buildings →

Things to consider about Park Residences 1

In its favour

  • An active resale market: 41 sales in the last year make it easier to price and to sell.
  • Owners who resold have made money: a median gain of up to 12%.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Specialists

Brokers who know Park Residences 1

These brokers handle sales and lettings in Park Residences 1 and can tell you what is available now.

FAQs

Park Residences 1: questions answered

Park Residences 1 was developed by DAMAC in Al Hebiah Third.

Park Residences 1 is completed in Q1 2025.

Across its 20 most recent registered sales, Park Residences 1 sold for a median of AED 1,698 per sq ft and AED 3.6M per unit.

Recent yearly contracts in Park Residences 1 have a median rent of AED 197.5K.

The 2026 service charge for residential units in Park Residences 1 is AED 3.87 per sq ft a year, as registered with the Dubai Land Department.

Park Residences 1 has 3 Beds (1,490 to 4,420 sq ft), 4 Beds (1,490 to 4,960 sq ft), 5 Beds (2,410 to 6,510 sq ft), 6 Beds (3,300 to 3,650 sq ft).

Dubai Miracle Garden is about 3.8 km from Park Residences 1.

The nearest schools include Ranches Primary School (1.6 km), Lycée français international (Branch) (1.8 km), GEMS Metropole School - Dubai Branch (2.1 km).

Buying, selling or renting in Park Residences 1?

A broker who works Al Hebiah Third will tell you what is available and what comparable homes went for.

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