1208, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in March 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1208, Park Gate Residences 1
What is 1208 worth today?
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Source: Dubai Land Department. Updated 27 March 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,635 sqft
- Floor
- 12th of 27
- Parking
- B1-119
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.97M · March 2024
- Building
- Park Gate Residences 1
About 1208, Park Gate Residences 1
1208 is a two-bedroom apartment of 1,635 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 26 March 2024 for AED 2,965,777, or AED 1,813 per sqft, 15% above the AED 1,577 two-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 27 March 2026, is AED 180,000 a year: a gross yield of 6.1% on the 2024 price.
Sales and rents for 1208 over time
1208 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 1208 sits
All 108 2-beds →1208 last sold in March 2024 at AED 1,813 per sqft, 15% above 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. 1208's AED 180,000 is in the upper 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 12th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,572 sqft | AED 2.43MAED 2,427,777 · Oct 2019October 2019 | 145,000 /yr | |
| 1202 | 1-bed | 994 sqft | AED 1.75MAED 1,750,000 · Aug 2025August 2025 | 120,000 /yr | |
| 1203 | 2-bed | 1,572 sqft | AED 2.48MAED 2,476,000 · Mar 2018March 2018 | 100,000 /yr | |
| 1204 | 2-bed | 1,554 sqft | AED 1.91MAED 1,910,000 · May 2018May 2018 | ||
| 1205 | 2-bed | 1,610 sqft | AED 2MAED 2,000,000 · Feb 2021February 2021 | ||
| 1206 | 2-bed | 1,635 sqft | AED 1.97MAED 1,970,000 · Jun 2022June 2022 | 140,000 /yr | |
| 1207 | 1-bed | 987 sqft | AED 1.38MAED 1,377,777 · Feb 2024February 2024 | ||
| 1209 | 2-bed | 1,609 sqft | AED 1.97MAED 1,972,000 · Jun 2018June 2018 | 155,000 /yr | |
| 1210 | 2-bed | 1,555 sqft | AED 2.09MAED 2,090,777 · Aug 2021August 2021 |
1208, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 26 March 2024 for AED 2,965,777, or AED 1,813 per sqft.
- Rented since March 2025 on 2 Ejari contracts, at AED 180,000 a year.
- At AED 180,000 a year the gross yield on the 2024 price is 6.1%.
- 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 27 March 2026.
Questions about 1208, Park Gate Residences 1
What did unit 1208 last sell for?
AED 2,965,777 on 26 March 2024, sold by the developer: AED 1,813 per sqft for 1,635 sqft. It is the only registered sale of the unit.
What is the rent for unit 1208?
AED 180,000 a year on the contract renewed on 27 March 2026. The previous contract, from March 2025, was AED 180,000.
How big is unit 1208?
1,635 sqft (151.9 sqm): a two-bedroom apartment on the 12th floor of a 27-storey tower completed in 2020.
What is unit 1208 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 1208, Park Gate Residences 1
Starts from the last sale price (AED 2.97M, 26 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,965,777
- Deposit, UAE resident (20%)
- AED 593,155
- Deposit, non-resident (40%)
- AED 1,186,311
- Monthly over 25 years at 3.7%
- AED 12,134
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →