1-bed · 994 sqftPark Gate Residences 1, Al Kifaf · 10th floor · completed 2020

1002, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in June 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 18 June 2018
Last soldAED 1.59M18 June 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1002, Park Gate Residences 1

What is 1002 worth today?

Last sold for AED 1,588,000 in 2018

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18 Jun 2018Sold by developerOff-plan
AED 1,588,000AED 1,596 per sqft

Source: Dubai Land Department. Updated 18 June 2018.

Key facts

Type
1-bed apartment
Size
994 sqft
Floor
10th of 27
Parking
B2-013
Developer
Wasl
Completed
2020
Last sold
AED 1.59M · June 2018

About 1002, Park Gate Residences 1

1002 is a one-bedroom apartment of 994 sqft on the 10th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 18 June 2018 for AED 1,588,000, or AED 1,596 per sqft, in line with the AED 1,589 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical one-bed in Park Gate Residences 1
1.6M1.8M2M20182020202220242026Typical sale price by year: 2018 AED 1,575,500; 2020 AED 1,616,389; 2021 AED 1,697,277; 2022 AED 1,635,777; 2023 AED 1,791,777; 2024 AED 1,638,889; 2025 AED 2,000,000Sold by developer, June 2018: AED 1,588,000 (AED 1,596 per sqft)

1002 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1002, each contractTypical one-bed in Park Gate Residences 1
60K80K100K2021202320252027Typical rent by year: 2021 AED 66,000; 2022 AED 75,500; 2023 AED 92,500; 2024 AED 101,000; 2025 AED 105,000; 2026 AED 105,000

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Park Gate Residences 1, and where 1002 sits

All 44 1-beds →

1002 last sold in June 2018 at AED 1,596 per sqft, in line with what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,589). Over the last 12 months one-beds sold for AED 1,950,000 to 2,000,000, around AED 1,993 per sqft, and rent for AED 85,000 to 125,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Oct 20261,950,000
15 Dec 20252,000,000
11 Aug 20251,750,000
19 Jun 20252,274,670
2 1-bed sales in the last 12 months

Park Gate Residences 1

Building

204 apartments, 1-bed to 5-bed over 27 floors in Al Kifaf, completed in 2020 by Wasl. 8 sold in the last 12 months.

Typical price per sqft
AED 1,953
Typical sale
AED 3.01M
Typical rent
AED 155K /yr
Typical yield
5.1%
Park Gate Residences 1, Al Kifaf: prices, sales and rents →

Other units on the 10th floor

All 204 units in Park Gate Residences 1
Value
10012-bedAED 2.46M · Apr 2018
10032-bedAED 2.6M · Sep 2023
10042-bedAED 1.89M · Mar 2018
10052-bedAED 1.99M · Mar 2018
10062-bedAED 2.07M · May 2021
10071-bedAED 1.79M · Aug 2024
10082-bedAED 2.12M · May 2022
1–7 of 9

1002, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 18 June 2018 for AED 1,588,000, or AED 1,596 per sqft.
  • One-beds in Park Gate Residences 1 sold for AED 1,950,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,953 per sqft.

Source: Dubai Land Department. Updated 18 June 2018.

Questions about 1002, Park Gate Residences 1

What did unit 1002 last sell for?

AED 1,588,000 on 18 June 2018, sold by the developer: AED 1,596 per sqft for 994 sqft. It is the only registered sale of the unit.

How big is unit 1002?

994 sqft (92.3 sqm): a one-bedroom apartment on the 10th floor of a 27-storey tower completed in 2020.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Gate Residences 1 sold for AED 1,950,000 to 2,000,000 in the last 12 months, around AED 1,993 per sqft.

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Mortgage on 1002, Park Gate Residences 1

Starts from the last sale price (AED 1.59M, 18 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,588,000
Deposit, UAE resident (20%)
AED 317,600
Deposit, non-resident (40%)
AED 635,200
Monthly over 25 years at 3.7%
AED 6,497

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →