1503, 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.
Property timeline for 1503, Park Gate Residences 1
What is 1503 worth today?
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Source: Dubai Land Department. Updated 24 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,572 sqft
- Floor
- 15th of 27
- Parking
- B1-118
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.51M · October 2019
- Building
- Park Gate Residences 1
About 1503, Park Gate Residences 1
1503 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 16 October 2019 for AED 2,509,000, or AED 1,596 per sqft, 3% above the AED 1,548 two-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 24 July 2026, is AED 160,000 a year: a gross yield of 6.4% on the 2019 price.
Sales and rents for 1503 over time
1503 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 1503 sits
All 108 2-beds →1503 last sold in October 2019 at AED 1,596 per sqft, 3% above what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,548). 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. 1503's AED 160,000 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 | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,572 sqft | AED 2.46MAED 2,459,777 · Sep 2019September 2019 | 150,000 /yr | |
| 1502 | 1-bed | 994 sqft | AED 1.71MAED 1,706,777 · Aug 2021August 2021 | 105,000 /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 |
1503, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 16 October 2019 for AED 2,509,000, or AED 1,596 per sqft.
- Rented since September 2021 on 3 Ejari contracts, from AED 100,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2019 price is 6.4%.
- 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 24 July 2026.
Questions about 1503, Park Gate Residences 1
What did unit 1503 last sell for?
AED 2,509,000 on 16 October 2019, sold by the developer: AED 1,596 per sqft for 1,572 sqft. It is the only registered sale of the unit.
What is the rent for unit 1503?
AED 160,000 a year on the contract signed on 24 July 2026. The previous contract, from September 2022, was AED 100,000; the unit has been rented since September 2021.
How big is unit 1503?
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 1503 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 1503, Park Gate Residences 1
Starts from the last sale price (AED 2.51M, 16 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,509,000
- Deposit, UAE resident (20%)
- AED 501,800
- Deposit, non-resident (40%)
- AED 1,003,600
- Monthly over 25 years at 3.7%
- AED 10,265
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →