1502, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in August 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Park Gate Residences 1
What is 1502 worth today?
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Source: Dubai Land Department. Updated 1 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 994 sqft
- Floor
- 15th of 27
- Parking
- B1-110
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.71M · August 2021
- Building
- Park Gate Residences 1
About 1502, Park Gate Residences 1
1502 is a one-bedroom apartment of 994 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 31 August 2021 for AED 1,706,777, or AED 1,716 per sqft, in line with the AED 1,706 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, renewed on 1 February 2026, is AED 105,000 a year: a gross yield of 6.2% on the 2021 price.
Sales and rents for 1502 over time
1502 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 1502 sits
All 44 1-beds →1502 last sold in August 2021 at AED 1,716 per sqft, in line with what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,706). 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. 1502's AED 105,000 is in the upper half 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 15th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,572 sqft | AED 2.46MAED 2,459,777 · Sep 2019September 2019 | 150,000 /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 |
1502, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 31 August 2021 for AED 1,706,777, or AED 1,716 per sqft.
- Rented since February 2022 on 6 Ejari contracts, from AED 74,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2021 price is 6.2%.
- 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 1 February 2026.
Questions about 1502, Park Gate Residences 1
What did unit 1502 last sell for?
AED 1,706,777 on 31 August 2021, sold by the developer: AED 1,716 per sqft for 994 sqft. It is the only registered sale of the unit.
What is the rent for unit 1502?
AED 105,000 a year on the contract renewed on 1 February 2026. The previous contract, from February 2025, was AED 105,000; the unit has been rented since February 2022.
How big is unit 1502?
994 sqft (92.3 sqm): a one-bedroom apartment on the 15th floor of a 27-storey tower completed in 2020.
What is unit 1502 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 1502, Park Gate Residences 1
Starts from the last sale price (AED 1.71M, 31 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,706,777
- Deposit, UAE resident (20%)
- AED 341,355
- Deposit, non-resident (40%)
- AED 682,711
- Monthly over 25 years at 3.7%
- AED 6,983
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →