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2-bed · 1,553 sqftPark Gate Residences 1, Al Kifaf · 11th floor · completed 2020

1104, Park Gate Residences 1

Sold prices and rental history: sold twice, last in July 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1104 · DLD and Ejari recordsUpdated 25 August 2023
Last soldAED 2.35M11 July 2023
Current rentAED 100K /yr25 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1104, Park Gate Residences 1

What is 1104 worth today?

Last sold for AED 2,350,000 in 2023

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25 Aug 2023RentedNew contract
AED 100,486/yr11 months · AED 65 per sqft
11 Jul 2023SoldReady
AED 2,350,000AED 1,512 per sqft
25 Aug 2022RentedRenewal
AED 100,000/yr12 months · AED 65 per sqft
25 Aug 2021RentedNew contract
AED 95,000/yr12 months · AED 61 per sqft
14 Mar 2018Sold by developerOff-plan
AED 1,901,000AED 1,223 per sqft

Source: Dubai Land Department. Updated 25 August 2023.

Key facts

Type
2-bed apartment
Size
1,553 sqft
Floor
11th of 27
Parking
B2-010
Developer
Wasl
Completed
2020
Last sold
AED 2.35M · July 2023
Building
Park Gate Residences 1

About 1104, Park Gate Residences 1

1104 is a two-bedroom apartment of 1,553 sqft on the 11th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 11 July 2023 for AED 2,350,000, or AED 1,512 per sqft, 4% below the AED 1,577 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 25 August 2023, is AED 100,486 a year: a gross yield of 4.3% on the 2023 price.

Sales and rents for 1104 over time

Sales
Unit 1104, each saleTypical two-bed in Park Gate Residences 1
2M2.5M20182020202220242026Typical sale price by year: 2018 AED 1,983,000; 2019 AED 2,427,777; 2020 AED 2,026,277; 2021 AED 2,087,777; 2022 AED 2,187,777; 2023 AED 2,500,000; 2024 AED 2,800,000; 2025 AED 2,812,500Sold by developer, March 2018: AED 1,901,000 (AED 1,223 per sqft)Sold, July 2023: AED 2,350,000 (AED 1,512 per sqft)

1104 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1104, each contractTypical two-bed in Park Gate Residences 1
100K150K2021202320252027Typical rent by year: 2021 AED 92,000; 2022 AED 110,000; 2023 AED 133,000; 2024 AED 142,000; 2025 AED 155,000; 2026 AED 155,000New contract, August 2021: AED 95,000 a yearRenewal, August 2022: AED 100,000 a yearNew contract, August 2023: AED 100,486 a year

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 1104 sits

All 108 2-beds →

1104 last sold in July 2023 at AED 1,512 per sqft, 4% below what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,577). 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. 1104's AED 100,486 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Oct 20263,400,000
11 Aug 20263,025,000
27 Nov 20252,750,000
18 Nov 20253,000,000
4 2-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 11th floor

All 204 units in Park Gate Residences 1
Value
11012-bedAED 2.47M · Apr 2018
11021-bedAED 1.8M · May 2023
11032-bedAED 2.47M · Apr 2018
11052-bedAED 2M · Feb 2018
11062-bedAED 2.08M · Feb 2021
11071-bedAED 1.59M · May 2022
11082-bedAED 2.13M · May 2022
1–7 of 9

1104, Park Gate Residences 1 in numbers

  • Sold twice: first on 14 March 2018 for AED 1,901,000, last on 11 July 2023 for AED 2,350,000 (AED 1,512 per sqft).
  • Rented since August 2021 on 3 Ejari contracts, from AED 95,000 to AED 100,486 a year.
  • At AED 100,486 a year the gross yield on the 2023 price is 4.3%.
  • 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 25 August 2023.

Questions about 1104, Park Gate Residences 1

What did unit 1104 last sell for?

AED 2,350,000 on 11 July 2023: AED 1,512 per sqft for 1,553 sqft. The unit has 2 registered sales; the first was AED 1,901,000 in March 2018.

What is the rent for unit 1104?

AED 100,486 a year on the contract signed on 25 August 2023. The previous contract, from August 2022, was AED 100,000; the unit has been rented since August 2021.

How big is unit 1104?

1,553 sqft (144.3 sqm): a two-bedroom apartment on the 11th floor of a 27-storey tower completed in 2020.

What is unit 1104 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 1104, Park Gate Residences 1

Starts from the last sale price (AED 2.35M, 11 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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