1308, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1308, Park Gate Residences 1
What is 1308 worth today?
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Source: Dubai Land Department. Updated 10 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,635 sqft
- Floor
- 13th of 27
- Parking
- B1-120
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.13M · August 2022
- Building
- Park Gate Residences 1
About 1308, Park Gate Residences 1
1308 is a two-bedroom apartment of 1,635 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 11 August 2022 for AED 2,127,777, or AED 1,301 per sqft, 4% below the AED 1,356 two-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 10 October 2024, is AED 140,000 a year: a gross yield of 6.6% on the 2022 price.
Sales and rents for 1308 over time
1308 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 1308 sits
All 108 2-beds →1308 last sold in August 2022 at AED 1,301 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. 1308's AED 140,000 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 13th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | 2-bed | 1,572 sqft | AED 2.44MAED 2,438,777 · Oct 2019October 2019 | 165,000 /yr | |
| 1302 | 1-bed | 994 sqft | AED 1.69MAED 1,693,777 · Jul 2021July 2021 | ||
| 1303 | 2-bed | 1,572 sqft | AED 2.49MAED 2,487,000 · Dec 2018December 2018 | ||
| 1304 | 2-bed | 1,554 sqft | AED 1.95MAED 1,950,000 · Jun 2021June 2021 | 128,000 /yr | |
| 1305 | 2-bed | 1,529 sqft | AED 2.01MAED 2,009,000 · Mar 2018March 2018 | 155,000 /yr | |
| 1306 | 2-bed | 1,635 sqft | AED 2.04MAED 2,040,777 · Sep 2020September 2020 | ||
| 1307 | 1-bed | 987 sqft | AED 1.7MAED 1,700,000 · Mar 2024March 2024 | 85,000 /yr | |
| 1309 | 2-bed | 1,528 sqft | AED 2.15MAED 2,153,777 · Aug 2021August 2021 | ||
| 1310 | 2-bed | 1,555 sqft | AED 2.1MAED 2,099,777 · Aug 2021August 2021 |
1308, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 11 August 2022 for AED 2,127,777, or AED 1,301 per sqft.
- Rented since October 2023 on 3 Ejari contracts, at AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2022 price is 6.6%.
- 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 10 October 2024.
Questions about 1308, Park Gate Residences 1
What did unit 1308 last sell for?
AED 2,127,777 on 11 August 2022, sold by the developer: AED 1,301 per sqft for 1,635 sqft. It is the only registered sale of the unit.
What is the rent for unit 1308?
AED 140,000 a year on the contract renewed on 10 October 2024. The previous contract, from October 2024, was AED 140,000; the unit has been rented since October 2023.
How big is unit 1308?
1,635 sqft (151.9 sqm): a two-bedroom apartment on the 13th floor of a 27-storey tower completed in 2020.
What is unit 1308 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 1308, Park Gate Residences 1
Starts from the last sale price (AED 2.13M, 11 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,127,777
- Deposit, UAE resident (20%)
- AED 425,555
- Deposit, non-resident (40%)
- AED 851,111
- Monthly over 25 years at 3.7%
- AED 8,705
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →