1008, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in May 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1008, Park Gate Residences 1
What is 1008 worth today?
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Source: Dubai Land Department. Updated 7 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,634 sqft
- Floor
- 10th of 27
- Parking
- B2-208
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.12M · May 2022
- Building
- Park Gate Residences 1
About 1008, Park Gate Residences 1
1008 is a two-bedroom apartment of 1,634 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 17 May 2022 for AED 2,117,777, or AED 1,296 per sqft, 4% below the AED 1,356 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 7 October 2026, is AED 155,000 a year: a gross yield of 7.3% on the 2022 price.
Sales and rents for 1008 over time
1008 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 1008 sits
All 108 2-beds →1008 last sold in May 2022 at AED 1,296 per sqft, 4% below what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,356). 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. 1008'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 | ||
| 1005 | 2-bed | 1,610 sqft | AED 1.99MAED 1,993,000 · Mar 2018March 2018 | 155,000 /yr | |
| 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 | |
| 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 |
1008, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 17 May 2022 for AED 2,117,777, or AED 1,296 per sqft.
- Rented since August 2022 on 5 Ejari contracts, from AED 148,000 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2022 price is 7.3%.
- 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 7 October 2026.
Questions about 1008, Park Gate Residences 1
What did unit 1008 last sell for?
AED 2,117,777 on 17 May 2022, sold by the developer: AED 1,296 per sqft for 1,634 sqft. It is the only registered sale of the unit.
What is the rent for unit 1008?
AED 155,000 a year on the contract renewed on 7 October 2026. The previous contract, from October 2025, was AED 155,000; the unit has been rented since August 2022.
How big is unit 1008?
1,634 sqft (151.8 sqm): a two-bedroom apartment on the 10th floor of a 27-storey tower completed in 2020.
What is unit 1008 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 1008, Park Gate Residences 1
Starts from the last sale price (AED 2.12M, 17 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,117,777
- Deposit, UAE resident (20%)
- AED 423,555
- Deposit, non-resident (40%)
- AED 847,111
- Monthly over 25 years at 3.7%
- AED 8,664
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →