1508, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in May 2022, 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 1508, Park Gate Residences 1
What is 1508 worth today?
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Source: Dubai Land Department. Updated 1 December 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,634 sqft
- Floor
- 15th of 27
- Parking
- B1-152
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.17M · May 2022
- Building
- Park Gate Residences 1
About 1508, Park Gate Residences 1
1508 is a two-bedroom apartment of 1,634 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 17 May 2022 for AED 2,167,777, or AED 1,326 per sqft, in line with the AED 1,356 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 1 December 2025, is AED 160,000 a year: a gross yield of 7.4% on the 2022 price.
Sales and rents for 1508 over time
1508 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 1508 sits
All 108 2-beds →1508 last sold in May 2022 at AED 1,326 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,356). 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. 1508'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 | |
| 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 | |
| 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 |
1508, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 17 May 2022 for AED 2,167,777, or AED 1,326 per sqft.
- Rented since August 2022 on 5 Ejari contracts, from AED 128,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2022 price is 7.4%.
- 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 1 December 2025.
Questions about 1508, Park Gate Residences 1
What did unit 1508 last sell for?
AED 2,167,777 on 17 May 2022, sold by the developer: AED 1,326 per sqft for 1,634 sqft. It is the only registered sale of the unit.
What is the rent for unit 1508?
AED 160,000 a year on the contract signed on 1 December 2025. The previous contract, from August 2025, was AED 150,000; the unit has been rented since August 2022.
How big is unit 1508?
1,634 sqft (151.8 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2020.
What is unit 1508 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 1508, Park Gate Residences 1
Starts from the last sale price (AED 2.17M, 17 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,167,777
- Deposit, UAE resident (20%)
- AED 433,555
- Deposit, non-resident (40%)
- AED 867,111
- Monthly over 25 years at 3.7%
- AED 8,869
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →