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2-bed · 1,572 sqftPark Gate Residences 1, Al Kifaf · 13th floor · completed 2020

1301, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in October 2019, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1301 · DLD and Ejari recordsUpdated 9 February 2026
Last soldAED 2.44M3 October 2019
Current rentAED 165K /yr9 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1301, Park Gate Residences 1

What is 1301 worth today?

Last sold for AED 2,438,777 in 2019

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9 Feb 2026RentedNew contract
AED 165,000/yr12 months · AED 105 per sqft
22 Aug 2021RentedNew contract
AED 92,000/yr13 months · AED 59 per sqft
3 Oct 2019Sold by developerOff-plan
AED 2,438,777AED 1,551 per sqft

Source: Dubai Land Department. Updated 9 February 2026.

Key facts

Type
2-bed apartment
Size
1,572 sqft
Floor
13th of 27
Parking
B1-159
Developer
Wasl
Completed
2020
Last sold
AED 2.44M · October 2019
Building
Park Gate Residences 1

About 1301, Park Gate Residences 1

1301 is a two-bedroom apartment of 1,572 sqft on the 13th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 3 October 2019 for AED 2,438,777, or AED 1,551 per sqft, in line with the AED 1,546 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 9 February 2026, is AED 165,000 a year: a gross yield of 6.8% on the 2019 price.

Sales and rents for 1301 over time

Sales
Unit 1301, 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, October 2019: AED 2,438,777 (AED 1,551 per sqft)

1301 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1301, 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 92,000 a yearNew contract, February 2026: AED 165,000 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 1301 sits

All 108 2-beds →

1301 last sold in October 2019 at AED 1,551 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,546). 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. 1301's AED 165,000 is in the lower half 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 13th floor

All 204 units in Park Gate Residences 1
Value
13021-bedAED 1.69M · Jul 2021
13032-bedAED 2.49M · Dec 2018
13042-bedAED 1.95M · Jun 2021
13052-bedAED 2.01M · Mar 2018
13062-bedAED 2.04M · Sep 2020
13071-bedAED 1.7M · Mar 2024
13082-bedAED 2.13M · Aug 2022
1–7 of 9

1301, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 3 October 2019 for AED 2,438,777, or AED 1,551 per sqft.
  • Rented since August 2021 on 2 Ejari contracts, from AED 92,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2019 price is 6.8%.
  • 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 9 February 2026.

Questions about 1301, Park Gate Residences 1

What did unit 1301 last sell for?

AED 2,438,777 on 3 October 2019, sold by the developer: AED 1,551 per sqft for 1,572 sqft. It is the only registered sale of the unit.

What is the rent for unit 1301?

AED 165,000 a year on the contract signed on 9 February 2026. The previous contract, from August 2021, was AED 92,000.

How big is unit 1301?

1,572 sqft (146.0 sqm): a two-bedroom apartment on the 13th floor of a 27-storey tower completed in 2020.

What is unit 1301 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 1301, Park Gate Residences 1

Starts from the last sale price (AED 2.44M, 3 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,438,777
Deposit, UAE resident (20%)
AED 487,755
Deposit, non-resident (40%)
AED 975,511
Monthly over 25 years at 3.7%
AED 9,978

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