1-bed · 994 sqftPark Gate Residences 1, Al Kifaf · 17th floor · completed 2020

1702, Park Gate Residences 1

Sold prices and rental history: sold twice, last in February 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 1 February 2022
Last soldAED 1.6M1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, Park Gate Residences 1

What is 1702 worth today?

Last sold for AED 1,600,000 in 2022

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1 Feb 2022SoldReady
AED 1,600,000AED 1,608 per sqft
25 Sep 2019Sold by developerOff-plan
AED 1,636,000AED 1,645 per sqft

Source: Dubai Land Department. Updated 1 February 2022.

Key facts

Type
1-bed apartment
Size
994 sqft
Floor
17th of 27
Parking
AB2-056
Developer
Wasl
Completed
2020
Last sold
AED 1.6M · February 2022

About 1702, Park Gate Residences 1

1702 is a one-bedroom apartment of 994 sqft on the 17th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 1 February 2022 for AED 1,600,000, or AED 1,608 per sqft, 6% below the AED 1,703 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1702 over time

Sales
Unit 1702, each saleTypical one-bed in Park Gate Residences 1
1.6M1.8M2M20182020202220242026Typical sale price by year: 2018 AED 1,575,500; 2020 AED 1,616,389; 2021 AED 1,697,277; 2022 AED 1,635,777; 2023 AED 1,791,777; 2024 AED 1,638,889; 2025 AED 2,000,000Sold by developer, September 2019: AED 1,636,000 (AED 1,645 per sqft)Sold, February 2022: AED 1,600,000 (AED 1,608 per sqft)

1702 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1702, each contractTypical one-bed in Park Gate Residences 1
60K80K100K2021202320252027Typical rent by year: 2021 AED 66,000; 2022 AED 75,500; 2023 AED 92,500; 2024 AED 101,000; 2025 AED 105,000; 2026 AED 105,000

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 1702 sits

All 44 1-beds →

1702 last sold in February 2022 at AED 1,608 per sqft, 6% below what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,703). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Oct 20261,950,000
15 Dec 20252,000,000
11 Aug 20251,750,000
19 Jun 20252,274,670
2 1-bed sales in the last 12 months

Park Gate Residences 1

Building

204 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%
Park Gate Residences 1, Al Kifaf: prices, sales and rents →

Other units on the 17th floor

All 204 units in Park Gate Residences 1
Value
17012-bedAED 2.53M · Dec 2018
17032-bedAED 2.53M · Sep 2019
17042-bedAED 1.97M · Mar 2018
17052-bedAED 3.01M · Feb 2025
17062-bedAED 2.04M · Jan 2019
17071-bedAED 1.79M · Oct 2023
17082-bedAED 2.19M · May 2022
1–7 of 9

1702, Park Gate Residences 1 in numbers

  • Sold twice: first on 25 September 2019 for AED 1,636,000, last on 1 February 2022 for AED 1,600,000 (AED 1,608 per sqft).
  • 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 1 February 2022.

Questions about 1702, Park Gate Residences 1

What did unit 1702 last sell for?

AED 1,600,000 on 1 February 2022: AED 1,608 per sqft for 994 sqft. The unit has 2 registered sales; the first was AED 1,636,000 in September 2019.

How big is unit 1702?

994 sqft (92.3 sqm): a one-bedroom apartment on the 17th floor of a 27-storey tower completed in 2020.

What is unit 1702 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 1702, Park Gate Residences 1

Starts from the last sale price (AED 1.6M, 1 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →