1607, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in August 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1607, Park Gate Residences 1
What is 1607 worth today?
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Source: Dubai Land Department. Updated 14 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 987 sqft
- Floor
- 16th of 27
- Parking
- AB2-100
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.61M · August 2022
- Building
- Park Gate Residences 1
About 1607, Park Gate Residences 1
1607 is a one-bedroom apartment of 987 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 10 August 2022 for AED 1,608,777, or AED 1,629 per sqft, in line with the AED 1,654 one-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, renewed on 14 March 2025, is AED 109,000 a year: a gross yield of 6.8% on the 2022 price.
Sales and rents for 1607 over time
1607 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 1607 sits
All 44 1-beds →1607 last sold in August 2022 at AED 1,629 per sqft, in line with what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,654). 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. 1607's AED 109,000 is in the upper half 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 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 | |
| 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 | |
| 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 |
1607, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 10 August 2022 for AED 1,608,777, or AED 1,629 per sqft.
- Rented since March 2023 on 5 Ejari contracts, from AED 107,000 to AED 109,000 a year.
- At AED 109,000 a year the gross yield on the 2022 price is 6.8%.
- 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 14 March 2025.
Questions about 1607, Park Gate Residences 1
What did unit 1607 last sell for?
AED 1,608,777 on 10 August 2022, sold by the developer: AED 1,629 per sqft for 987 sqft. It is the only registered sale of the unit.
What is the rent for unit 1607?
AED 109,000 a year on the contract renewed on 14 March 2025. The previous contract, from March 2025, was AED 109,000; the unit has been rented since March 2023.
How big is unit 1607?
987 sqft (91.7 sqm): a one-bedroom apartment on the 16th floor of a 27-storey tower completed in 2020.
What is unit 1607 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 1607, Park Gate Residences 1
Starts from the last sale price (AED 1.61M, 10 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,608,777
- Deposit, UAE resident (20%)
- AED 321,755
- Deposit, non-resident (40%)
- AED 643,511
- Monthly over 25 years at 3.7%
- AED 6,582
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →