1604, Park Gate Residences 1
Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1604, Park Gate Residences 1
What is 1604 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,554 sqft
- Floor
- 16th of 27
- Parking
- AB2-104
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.8M · November 2024
- Building
- Park Gate Residences 1
About 1604, Park Gate Residences 1
1604 is a two-bedroom apartment of 1,554 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 12 November 2024 for AED 2,800,000, or AED 1,801 per sqft, 4% above the AED 1,740 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 155,000 a year: a gross yield of 5.5% on the 2024 price.
Sales and rents for 1604 over time
1604 has sold twice; 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 1604 sits
All 108 2-beds →1604 last sold in November 2024 at AED 1,801 per sqft, 4% above what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,740). 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. 1604's AED 155,000 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 | |
| 1603 | 2-bed | 1,479 sqft | AED 2.71MAED 2,711,777 · Mar 2022March 2022 | 135,000 /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 |
1604, Park Gate Residences 1 in numbers
- Sold twice: first on 26 January 2020 for AED 1,965,000, last on 12 November 2024 for AED 2,800,000 (AED 1,801 per sqft).
- Rented since July 2021 on 7 Ejari contracts, from AED 84,000 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2024 price is 5.5%.
- 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 September 2026.
Questions about 1604, Park Gate Residences 1
What did unit 1604 last sell for?
AED 2,800,000 on 12 November 2024: AED 1,801 per sqft for 1,554 sqft. The unit has 2 registered sales; the first was AED 1,965,000 in January 2020.
What is the rent for unit 1604?
AED 155,000 a year on the contract renewed on 1 September 2026. The previous contract, from May 2026, was AED 160,000; the unit has been rented since July 2021.
How big is unit 1604?
1,554 sqft (144.4 sqm): a two-bedroom apartment on the 16th floor of a 27-storey tower completed in 2020.
What is unit 1604 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.
Selling 1604? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1604, Park Gate Residences 1
Starts from the last sale price (AED 2.8M, 12 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,800,000
- Deposit, UAE resident (20%)
- AED 560,000
- Deposit, non-resident (40%)
- AED 1,120,000
- Monthly over 25 years at 3.7%
- AED 11,456
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →