Home
Dubai prices
About
Research
2-bed · 1,572 sqftPark Gate Residences 1, Al Kifaf · 12th floor · completed 2020

1203, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in March 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 20 August 2022
Last soldAED 2.48M5 March 2018
Current rentAED 100K /yr20 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1203

Property timeline for 1203, Park Gate Residences 1

What is 1203 worth today?

Last sold for AED 2,476,000 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

20 Aug 2022RentedRenewal
AED 100,000/yr12 months · AED 64 per sqft
20 Aug 2021RentedNew contract
AED 95,000/yr12 months · AED 60 per sqft
5 Mar 2018Sold by developerOff-plan
AED 2,476,000AED 1,575 per sqft

Source: Dubai Land Department. Updated 20 August 2022.

Key facts

Type
2-bed apartment
Size
1,572 sqft
Floor
12th of 27
Parking
B1-115
Developer
Wasl
Completed
2020
Last sold
AED 2.48M · March 2018
Building
Park Gate Residences 1

About 1203, Park Gate Residences 1

1203 is a two-bedroom apartment of 1,572 sqft on the 12th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 5 March 2018 for AED 2,476,000, or AED 1,575 per sqft, 28% above the AED 1,231 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 20 August 2022, is AED 100,000 a year: a gross yield of 4.0% on the 2018 price.

Sales and rents for 1203 over time

Sales
Unit 1203, 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 2,476,000 (AED 1,575 per sqft)

1203 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1203, 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 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 1203 sits

All 108 2-beds →

1203 last sold in March 2018 at AED 1,575 per sqft, 28% above what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,231). 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. 1203's AED 100,000 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 12th floor

All 204 units in Park Gate Residences 1
Value
12012-bedAED 2.43M · Oct 2019
12021-bedAED 1.75M · Aug 2025
12042-bedAED 1.91M · May 2018
12052-bedAED 2M · Feb 2021
12062-bedAED 1.97M · Jun 2022
12071-bedAED 1.38M · Feb 2024
12082-bedAED 2.97M · Mar 2024
1–7 of 9

1203, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 5 March 2018 for AED 2,476,000, or AED 1,575 per sqft.
  • Rented since August 2021 on 2 Ejari contracts, from AED 95,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2018 price is 4.0%.
  • 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 20 August 2022.

Questions about 1203, Park Gate Residences 1

What did unit 1203 last sell for?

AED 2,476,000 on 5 March 2018, sold by the developer: AED 1,575 per sqft for 1,572 sqft. It is the only registered sale of the unit.

What is the rent for unit 1203?

AED 100,000 a year on the contract renewed on 20 August 2022. The previous contract, from August 2021, was AED 95,000.

How big is unit 1203?

1,572 sqft (146.0 sqm): a two-bedroom apartment on the 12th floor of a 27-storey tower completed in 2020.

What is unit 1203 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.

Selling 1203? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1203, Park Gate Residences 1

Starts from the last sale price (AED 2.48M, 5 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,476,000
Deposit, UAE resident (20%)
AED 495,200
Deposit, non-resident (40%)
AED 990,400
Monthly over 25 years at 3.7%
AED 10,130

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