1507, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in May 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 1507, Park Gate Residences 1
What is 1507 worth today?
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Source: Dubai Land Department. Updated 11 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 987 sqft
- Floor
- 15th of 27
- Parking
- B1-161
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.62M · May 2022
- Building
- Park Gate Residences 1
About 1507, Park Gate Residences 1
1507 is a one-bedroom apartment of 987 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 18 May 2022 for AED 1,615,777, or AED 1,636 per sqft, in line with the AED 1,685 one-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 11 October 2024, is AED 128,000 a year: a gross yield of 7.9% on the 2022 price.
Sales and rents for 1507 over time
1507 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 1507 sits
All 44 1-beds →1507 last sold in May 2022 at AED 1,636 per sqft, in line with what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,685). 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. 1507's AED 128,000 is at the top 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 | |
| 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 | |
| 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 |
1507, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 18 May 2022 for AED 1,615,777, or AED 1,636 per sqft.
- Rented since November 2023 on 2 Ejari contracts, from AED 130,000 to AED 128,000 a year.
- At AED 128,000 a year the gross yield on the 2022 price is 7.9%.
- 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 11 October 2024.
Questions about 1507, Park Gate Residences 1
What did unit 1507 last sell for?
AED 1,615,777 on 18 May 2022, sold by the developer: AED 1,636 per sqft for 987 sqft. It is the only registered sale of the unit.
What is the rent for unit 1507?
AED 128,000 a year on the contract signed on 11 October 2024. The previous contract, from November 2023, was AED 130,000.
How big is unit 1507?
987 sqft (91.7 sqm): a one-bedroom apartment on the 15th floor of a 27-storey tower completed in 2020.
What is unit 1507 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 1507, Park Gate Residences 1
Starts from the last sale price (AED 1.62M, 18 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,615,777
- Deposit, UAE resident (20%)
- AED 323,155
- Deposit, non-resident (40%)
- AED 646,311
- Monthly over 25 years at 3.7%
- AED 6,611
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →