1402, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in June 2021, and rented once, from December 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1402, Park Gate Residences 1
What is 1402 worth today?
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Source: Dubai Land Department. Updated 15 December 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 497 sqft
- Floor
- 14th of 27
- Parking
- B1-109
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.7M · June 2021
- Building
- Park Gate Residences 1
About 1402, Park Gate Residences 1
1402 is a one-bedroom apartment of 497 sqft on the 14th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 9 June 2021 for AED 1,700,777, or AED 1,710 per sqft, in line with the AED 1,687 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 December 2021. The current contract, signed on 15 December 2021, is AED 75,000 a year: a gross yield of 4.4% on the 2021 price.
Sales and rents for 1402 over time
1402 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Park Gate Residences 1, and where 1402 sits
All 44 1-beds →1402 last sold in June 2021 at AED 1,710 per sqft, in line with what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,687). Over the last 12 months one-beds sold for AED 1,950,000 to 2,000,000, around AED 1,993 per sqft, and rent for AED 85,000 to 125,000 a year. 1402's AED 75,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Oct 202626 October 2026 | 994 sqft | 1,950,000 | 1,960 | ||
| 15 Dec 202515 December 2025 | 987 sqft | 2,000,000 | 2,025 | ||
| 11 Aug 202511 August 2025 | 994 sqft | 1,750,000 | 1,759 | ||
| 19 Jun 202519 June 2025 | 987 sqft | 2,274,670 | 2,303 |
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 14th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,479 sqft | AED 2.69MAED 2,687,777 · Apr 2022April 2022 | 185,000 /yr | |
| 1403 | 2-bed | 1,572 sqft | AED 2.5MAED 2,498,000 · Mar 2018March 2018 | ||
| 1404 | 2-bed | 1,554 sqft | AED 1.93MAED 1,928,000 · Apr 2018April 2018 | ||
| 1405 | 2-bed | 1,611 sqft | AED 2.03MAED 2,031,000 · Apr 2018April 2018 | ||
| 1406 | 2-bed | 1,634 sqft | AED 2.01MAED 2,011,777 · Mar 2020March 2020 | ||
| 1407 | 1-bed | 987 sqft | AED 1.55MAED 1,553,777 · Jun 2024June 2024 | 105,000 /yr | |
| 1408 | 2-bed | 1,557 sqft | AED 2.14MAED 2,142,777 · May 2022May 2022 | 159,500 /yr | |
| 1409 | 2-bed | 1,610 sqft | AED 2.07MAED 2,071,000 · Dec 2019December 2019 | ||
| 1410 | 2-bed | 1,555 sqft | AED 1.93MAED 1,929,000 · Apr 2018April 2018 |
1402, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 9 June 2021 for AED 1,700,777, or AED 1,710 per sqft.
- Rented since December 2021 on one Ejari contract, at AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2021 price is 4.4%.
- One-beds in Park Gate Residences 1 sold for AED 1,950,000–2,000,000 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 15 December 2021.
Questions about 1402, Park Gate Residences 1
What did unit 1402 last sell for?
AED 1,700,777 on 9 June 2021, sold by the developer: AED 1,710 per sqft for 497 sqft. It is the only registered sale of the unit.
What is the rent for unit 1402?
AED 75,000 a year on the contract signed on 15 December 2021.
How big is unit 1402?
497 sqft (46.2 sqm): a one-bedroom apartment on the 14th floor of a 27-storey tower completed in 2020.
What is unit 1402 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Gate Residences 1 sold for AED 1,950,000 to 2,000,000 in the last 12 months, around AED 1,993 per sqft.
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Mortgage on 1402, Park Gate Residences 1
Starts from the last sale price (AED 1.7M, 9 June 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,777
- Deposit, UAE resident (20%)
- AED 340,155
- Deposit, non-resident (40%)
- AED 680,311
- Monthly over 25 years at 3.7%
- AED 6,958
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →