2-bed · 1,609 sqftPark Gate Residences 1, Al Kifaf · 18th floor · completed 2020

1809, Park Gate Residences 1

Sold prices and rental history: sold twice, last in September 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1809 · DLD and Ejari recordsUpdated 21 September 2023
Last soldAED 2.55M21 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1809, Park Gate Residences 1

What is 1809 worth today?

Last sold for AED 2,550,000 in 2023

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21 Sep 2023SoldReady
AED 2,550,000AED 1,584 per sqft
19 Apr 2022Sold by developerReady
AED 2,199,777AED 1,367 per sqft

Source: Dubai Land Department. Updated 21 September 2023.

Key facts

Type
2-bed apartment
Size
1,609 sqft
Floor
18th of 27
Parking
AB2-011
Developer
Wasl
Completed
2020
Last sold
AED 2.55M · September 2023

About 1809, Park Gate Residences 1

1809 is a two-bedroom apartment of 1,609 sqft on the 18th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 21 September 2023 for AED 2,550,000, or AED 1,584 per sqft, in line with the AED 1,577 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1809 over time

Sales
Unit 1809, 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, April 2022: AED 2,199,777 (AED 1,367 per sqft)Sold, September 2023: AED 2,550,000 (AED 1,584 per sqft)

1809 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1809, 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 1809 sits

All 108 2-beds →

1809 last sold in September 2023 at AED 1,584 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,577). 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 18th floor

All 204 units in Park Gate Residences 1
Value
18012-bedAED 2.67M · May 2021
18021-bedAED 1.78M · Apr 2022
18032-bedAED 3.04M · Mar 2023
18042-bedAED 2.06M · Aug 2018
18052-bedAED 2.05M · Apr 2018
18062-bedAED 2.05M · Oct 2018
18071-bedAED 1.62M · Nov 2022
1–7 of 9

1809, Park Gate Residences 1 in numbers

  • Sold twice: first on 19 April 2022 for AED 2,199,777, last on 21 September 2023 for AED 2,550,000 (AED 1,584 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 21 September 2023.

Questions about 1809, Park Gate Residences 1

What did unit 1809 last sell for?

AED 2,550,000 on 21 September 2023: AED 1,584 per sqft for 1,609 sqft. The unit has 2 registered sales; the first was AED 2,199,777 in April 2022.

How big is unit 1809?

1,609 sqft (149.5 sqm): a two-bedroom apartment on the 18th floor of a 27-storey tower completed in 2020.

What is unit 1809 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 1809, Park Gate Residences 1

Starts from the last sale price (AED 2.55M, 21 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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