2-bed · 1,610 sqftPark Gate Residences 1, Al Kifaf · 17th floor · completed 2020

1709, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in July 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1709 · DLD and Ejari recordsUpdated 27 July 2020
Last soldAED 2.14M27 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1709, Park Gate Residences 1

What is 1709 worth today?

Last sold for AED 2,144,777 in 2020

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27 Jul 2020Sold by developerOff-plan
AED 2,144,777AED 1,332 per sqft

Source: Dubai Land Department. Updated 27 July 2020.

Key facts

Type
2-bed apartment
Size
1,610 sqft
Floor
17th of 27
Parking
AB2-012
Developer
Wasl
Completed
2020
Last sold
AED 2.14M · July 2020

About 1709, Park Gate Residences 1

1709 is a two-bedroom apartment of 1,610 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 27 July 2020 for AED 2,144,777, or AED 1,332 per sqft, 14% below the AED 1,543 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1709 over time

Sales
Unit 1709, 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, July 2020: AED 2,144,777 (AED 1,332 per sqft)

1709 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1709, 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 1709 sits

All 108 2-beds →

1709 last sold in July 2020 at AED 1,332 per sqft, 14% below what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,543). 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

1709, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 27 July 2020 for AED 2,144,777, or AED 1,332 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 27 July 2020.

Questions about 1709, Park Gate Residences 1

What did unit 1709 last sell for?

AED 2,144,777 on 27 July 2020, sold by the developer: AED 1,332 per sqft for 1,610 sqft. It is the only registered sale of the unit.

How big is unit 1709?

1,610 sqft (149.6 sqm): a two-bedroom apartment on the 17th floor of a 27-storey tower completed in 2020.

What is unit 1709 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 1709, Park Gate Residences 1

Starts from the last sale price (AED 2.14M, 27 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,144,777
Deposit, UAE resident (20%)
AED 428,955
Deposit, non-resident (40%)
AED 857,911
Monthly over 25 years at 3.7%
AED 8,775

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