1005, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1005, Park Gate Residences 1
What is 1005 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,610 sqft
- Floor
- 10th of 27
- Parking
- B2-129
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.99M · March 2018
- Building
- Park Gate Residences 1
About 1005, Park Gate Residences 1
1005 is a two-bedroom apartment of 1,610 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 22 March 2018 for AED 1,993,000, or AED 1,237 per sqft, in line with the AED 1,234 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 1 June 2026, is AED 155,000 a year: a gross yield of 7.8% on the 2018 price.
Sales and rents for 1005 over time
1005 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Park Gate Residences 1, and where 1005 sits
All 108 2-beds →1005 last sold in March 2018 at AED 1,237 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,234). Over the last 12 months two-beds sold for AED 2,750,000 to 3,400,000, around AED 1,891 per sqft, and rent for AED 126,000 to 210,000 a year. 1005's AED 155,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Oct 20261 October 2026 | 1,611 sqft | 3,400,000 | 2,111 | ||
| 11 Aug 202611 August 2026 | 1,554 sqft | 3,025,000 | 1,946 | ||
| 27 Nov 202527 November 2025 | 1,634 sqft | 2,750,000 | 1,683 | ||
| 18 Nov 202518 November 2025 | 1,635 sqft | 3,000,000 | 1,835 |
Park Gate Residences 1
Building204 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%
Other units on the 10th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 1,571 sqft | AED 2.46MAED 2,455,000 · Apr 2018April 2018 | 160,000 /yr | |
| 1002 | 1-bed | 994 sqft | AED 1.59MAED 1,588,000 · Jun 2018June 2018 | ||
| 1003 | 2-bed | 1,571 sqft | AED 2.6MAED 2,600,000 · Sep 2023September 2023 | ||
| 1004 | 2-bed | 1,553 sqft | AED 1.89MAED 1,892,000 · Mar 2018March 2018 | ||
| 1006 | 2-bed | 1,633 sqft | AED 2.07MAED 2,074,777 · May 2021May 2021 | ||
| 1007 | 1-bed | 987 sqft | AED 1.79MAED 1,791,777 · Aug 2024August 2024 | 97,000 /yr | |
| 1008 | 2-bed | 1,634 sqft | AED 2.12MAED 2,117,777 · May 2022May 2022 | 155,000 /yr | |
| 1009 | 2-bed | 1,609 sqft | AED 2.03MAED 2,025,000 · Apr 2021April 2021 | ||
| 1010 | 2-bed | 1,554 sqft | AED 2.07MAED 2,071,777 · Jun 2021June 2021 |
1005, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 22 March 2018 for AED 1,993,000, or AED 1,237 per sqft.
- Rented since May 2021 on 7 Ejari contracts, from AED 86,000 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2018 price is 7.8%.
- Two-beds in Park Gate Residences 1 sold for AED 2,750,000–3,400,000 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 1 June 2026.
Questions about 1005, Park Gate Residences 1
What did unit 1005 last sell for?
AED 1,993,000 on 22 March 2018, sold by the developer: AED 1,237 per sqft for 1,610 sqft. It is the only registered sale of the unit.
What is the rent for unit 1005?
AED 155,000 a year on the contract signed on 1 June 2026. The previous contract, from May 2025, was AED 123,000; the unit has been rented since May 2021.
How big is unit 1005?
1,610 sqft (149.6 sqm): a two-bedroom apartment on the 10th floor of a 27-storey tower completed in 2020.
What is unit 1005 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Gate Residences 1 sold for AED 2,750,000 to 3,400,000 in the last 12 months, around AED 1,891 per sqft.
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Mortgage on 1005, Park Gate Residences 1
Starts from the last sale price (AED 1.99M, 22 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,993,000
- Deposit, UAE resident (20%)
- AED 398,600
- Deposit, non-resident (40%)
- AED 797,200
- Monthly over 25 years at 3.7%
- AED 8,154
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →