1501, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in September 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, Park Gate Residences 1
What is 1501 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 7 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,572 sqft
- Floor
- 15th of 27
- Parking
- B1-157
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.46M · September 2019
- Building
- Park Gate Residences 1
About 1501, Park Gate Residences 1
1501 is a two-bedroom apartment of 1,572 sqft on the 15th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 26 September 2019 for AED 2,459,777, or AED 1,564 per sqft, in line with the AED 1,545 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 7 October 2026, is AED 150,000 a year: a gross yield of 6.1% on the 2019 price.
Sales and rents for 1501 over time
1501 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 1501 sits
All 108 2-beds →1501 last sold in September 2019 at AED 1,564 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,545). 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. 1501's AED 150,000 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 15th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 1-bed | 994 sqft | AED 1.71MAED 1,706,777 · Aug 2021August 2021 | 105,000 /yr | |
| 1503 | 2-bed | 1,572 sqft | AED 2.51MAED 2,509,000 · Oct 2019October 2019 | 160,000 /yr | |
| 1504 | 2-bed | 1,554 sqft | AED 3.03MAED 3,025,000 · Aug 2026August 2026 | 210,000 /yr | |
| 1505 | 2-bed | 1,611 sqft | AED 3.4MAED 3,400,000 · Oct 2026October 2026 | 160,000 /yr | |
| 1506 | 2-bed | 1,634 sqft | AED 2.83MAED 2,825,000 · Feb 2025February 2025 | 140,000 /yr | |
| 1507 | 1-bed | 987 sqft | AED 1.62MAED 1,615,777 · May 2022May 2022 | 128,000 /yr | |
| 1508 | 2-bed | 1,634 sqft | AED 2.17MAED 2,167,777 · May 2022May 2022 | 160,000 /yr | |
| 1509 | 2-bed | 1,610 sqft | AED 2.08MAED 2,083,777 · Apr 2020April 2020 | ||
| 1510 | 2-bed | 1,555 sqft | AED 2.12MAED 2,120,777 · Sep 2021September 2021 | 150,000 /yr |
1501, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 26 September 2019 for AED 2,459,777, or AED 1,564 per sqft.
- Rented since August 2021 on 6 Ejari contracts, from AED 94,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2019 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 7 October 2026.
Questions about 1501, Park Gate Residences 1
What did unit 1501 last sell for?
AED 2,459,777 on 26 September 2019, sold by the developer: AED 1,564 per sqft for 1,572 sqft. It is the only registered sale of the unit.
What is the rent for unit 1501?
AED 150,000 a year on the contract renewed on 7 October 2026. The previous contract, from October 2025, was AED 150,000; the unit has been rented since August 2021.
How big is unit 1501?
1,572 sqft (146.0 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2020.
What is unit 1501 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 1501? 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.
Mortgage on 1501, Park Gate Residences 1
Starts from the last sale price (AED 2.46M, 26 September 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,459,777
- Deposit, UAE resident (20%)
- AED 491,955
- Deposit, non-resident (40%)
- AED 983,911
- Monthly over 25 years at 3.7%
- AED 10,064
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →