2-bed · 1,634 sqftPark Gate Residences 1, Al Kifaf · 17th floor · completed 2020

1708, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in May 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1708 · DLD and Ejari recordsUpdated 24 May 2022
Last soldAED 2.19M24 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1708, Park Gate Residences 1

What is 1708 worth today?

Last sold for AED 2,187,777 in 2022

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24 May 2022Sold by developerReady
AED 2,187,777AED 1,338 per sqft

Source: Dubai Land Department. Updated 24 May 2022.

Key facts

Type
2-bed apartment
Size
1,634 sqft
Floor
17th of 27
Parking
AB2-091
Developer
Wasl
Completed
2020
Last sold
AED 2.19M · May 2022

About 1708, Park Gate Residences 1

1708 is a two-bedroom apartment of 1,634 sqft on the 17th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 24 May 2022 for AED 2,187,777, or AED 1,338 per sqft, in line with the AED 1,350 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1708 over time

Sales
Unit 1708, each saleTypical two-bed in Park Gate Residences 1
2M2.5M20182020202220242026Typical sale price by year: 2018 AED 1,983,000; 2019 AED 2,427,777; 2020 AED 2,026,277; 2021 AED 2,087,777; 2022 AED 2,187,777; 2023 AED 2,500,000; 2024 AED 2,800,000; 2025 AED 2,812,500Sold by developer, May 2022: AED 2,187,777 (AED 1,338 per sqft)

1708 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1708, each contractTypical two-bed in Park Gate Residences 1
100K150K2021202320252027Typical rent by year: 2021 AED 92,000; 2022 AED 110,000; 2023 AED 133,000; 2024 AED 142,000; 2025 AED 155,000; 2026 AED 155,000

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 1708 sits

All 108 2-beds →

1708 last sold in May 2022 at AED 1,338 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,350). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Oct 20263,400,000
11 Aug 20263,025,000
27 Nov 20252,750,000
18 Nov 20253,000,000
4 2-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
17021-bedAED 1.6M · Feb 2022
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
1–7 of 9

1708, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 24 May 2022 for AED 2,187,777, or AED 1,338 per sqft.
  • 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 24 May 2022.

Questions about 1708, Park Gate Residences 1

What did unit 1708 last sell for?

AED 2,187,777 on 24 May 2022, sold by the developer: AED 1,338 per sqft for 1,634 sqft. It is the only registered sale of the unit.

How big is unit 1708?

1,634 sqft (151.8 sqm): a two-bedroom apartment on the 17th floor of a 27-storey tower completed in 2020.

What is unit 1708 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 1708, Park Gate Residences 1

Starts from the last sale price (AED 2.19M, 24 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,187,777
Deposit, UAE resident (20%)
AED 437,555
Deposit, non-resident (40%)
AED 875,111
Monthly over 25 years at 3.7%
AED 8,951

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