1602, Park Gate Residences 1
Sold prices and rental history: sold twice, last in October 2026, 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 1602, Park Gate Residences 1
What is 1602 worth today?
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Source: Dubai Land Department. Updated 26 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 994 sqft
- Floor
- 16th of 27
- Parking
- AB2-055
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.95M · October 2026
- Building
- Park Gate Residences 1
About 1602, Park Gate Residences 1
1602 is a one-bedroom apartment of 994 sqft on the 16th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 26 October 2026 for AED 1,950,000, or AED 1,960 per sqft.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 100,000 a year: a gross yield of 5.1% on the 2026 price.
Sales and rents for 1602 over time
1602 has sold twice; 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 1602 sits
All 44 1-beds →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. 1602's AED 100,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 28 Apr 202528 April 2025 | 995 sqft | 2,000,000 | 2,010 |
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 16th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,572 sqft | AED 3.35MAED 3,350,000 · Aug 2025August 2025 | 175,000 /yr | |
| 1603 | 2-bed | 1,479 sqft | AED 2.71MAED 2,711,777 · Mar 2022March 2022 | 135,000 /yr | |
| 1604 | 2-bed | 1,554 sqft | AED 2.8MAED 2,800,000 · Nov 2024November 2024 | 155,000 /yr | |
| 1605 | 2-bed | 1,611 sqft | AED 2.07MAED 2,070,000 · Apr 2018April 2018 | 160,000 /yr | |
| 1606 | 2-bed | 1,556 sqft | AED 2.12MAED 2,119,777 · Feb 2022February 2022 | 138,000 /yr | |
| 1607 | 1-bed | 987 sqft | AED 1.61MAED 1,608,777 · Aug 2022August 2022 | 109,000 /yr | |
| 1608 | 2-bed | 1,634 sqft | AED 2.15MAED 2,154,777 · Aug 2022August 2022 | ||
| 1609 | 2-bed | 1,610 sqft | AED 2.2MAED 2,198,777 · Jun 2021June 2021 | 150,000 /yr | |
| 1610 | 2-bed | 1,555 sqft | AED 2.13MAED 2,129,777 · Sep 2021September 2021 | 160,000 /yr |
1602, Park Gate Residences 1 in numbers
- Sold twice: first on 18 May 2022 for AED 1,765,777, last on 26 October 2026 for AED 1,950,000 (AED 1,960 per sqft).
- Rented since July 2022 on 5 Ejari contracts, from AED 84,000 to AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2026 price is 5.1%.
- 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 26 October 2026.
Questions about 1602, Park Gate Residences 1
What did unit 1602 last sell for?
AED 1,950,000 on 26 October 2026: AED 1,960 per sqft for 994 sqft. The unit has 2 registered sales; the first was AED 1,765,777 in May 2022.
What is the rent for unit 1602?
AED 100,000 a year on the contract renewed on 1 September 2026. The previous contract, from September 2025, was AED 110,000; the unit has been rented since July 2022.
How big is unit 1602?
994 sqft (92.3 sqm): a one-bedroom apartment on the 16th floor of a 27-storey tower completed in 2020.
What is unit 1602 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 1602, Park Gate Residences 1
Starts from the last sale price (AED 1.95M, 26 October 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 1,950,000
- Deposit, UAE resident (20%)
- AED 390,000
- Deposit, non-resident (40%)
- AED 780,000
- Monthly over 25 years at 3.7%
- AED 7,978
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →