1603, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in March 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 1603, Park Gate Residences 1
What is 1603 worth today?
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Source: Dubai Land Department. Updated 16 August 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,479 sqft
- Floor
- 16th of 27
- Parking
- AB2-063
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.71M · March 2022
- Building
- Park Gate Residences 1
About 1603, Park Gate Residences 1
1603 is a two-bedroom apartment of 1,479 sqft on the 16th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 22 March 2022 for AED 2,711,777, or AED 1,833 per sqft, 35% above the AED 1,362 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 16 August 2025, is AED 135,000 a year: a gross yield of 5.0% on the 2022 price.
Sales and rents for 1603 over time
1603 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 1603 sits
All 108 2-beds →1603 last sold in March 2022 at AED 1,833 per sqft, 35% above what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,362). 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. 1603's AED 135,000 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 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 | |
| 1602 | 1-bed | 994 sqft | AED 1.95MAED 1,950,000 · Oct 2026October 2026 | 100,000 /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 |
1603, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 22 March 2022 for AED 2,711,777, or AED 1,833 per sqft.
- Rented since August 2022 on 4 Ejari contracts, at AED 135,000 a year.
- At AED 135,000 a year the gross yield on the 2022 price is 5.0%.
- 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 16 August 2025.
Questions about 1603, Park Gate Residences 1
What did unit 1603 last sell for?
AED 2,711,777 on 22 March 2022, sold by the developer: AED 1,833 per sqft for 1,479 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 135,000 a year on the contract renewed on 16 August 2025. The previous contract, from August 2024, was AED 135,000; the unit has been rented since August 2022.
How big is unit 1603?
1,479 sqft (137.4 sqm): a two-bedroom apartment on the 16th floor of a 27-storey tower completed in 2020.
What is unit 1603 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 1603, Park Gate Residences 1
Starts from the last sale price (AED 2.71M, 22 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,711,777
- Deposit, UAE resident (20%)
- AED 542,355
- Deposit, non-resident (40%)
- AED 1,084,711
- Monthly over 25 years at 3.7%
- AED 11,095
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →