3-bed · 1,967 sqftPark Gate Residences 1, Al Kifaf · 19th floor · completed 2020

1901, Park Gate Residences 1

Sold prices and rental history: sold twice, last in July 2024, and rented once, from February 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1901 · DLD and Ejari recordsUpdated 18 July 2024
Last soldAED 4.25M18 July 2024
Current rentAED 320K /yr12 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1901, Park Gate Residences 1

What is 1901 worth today?

Last sold for AED 4,250,000 in 2024

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18 Jul 2024SoldReady
AED 4,250,000AED 2,160 per sqft
12 Feb 2024RentedNew contract
AED 320,000/yr12 months · AED 162 per sqft
5 Dec 2021Sold by developerReady
AED 3,567,777AED 1,813 per sqft

Source: Dubai Land Department. Updated 18 July 2024.

Key facts

Type
3-bed apartment
Size
1,967 sqft
Floor
19th of 27
Parking
B1-195, B1-196
Developer
Wasl
Completed
2020
Last sold
AED 4.25M · July 2024

About 1901, Park Gate Residences 1

1901 is a three-bedroom apartment of 1,967 sqft on the 19th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 18 July 2024 for AED 4,250,000, or AED 2,160 per sqft, 3% above the AED 2,087 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 12 February 2024. The current contract, signed on 12 February 2024, is AED 320,000 a year: a gross yield of 7.5% on the 2024 price.

Sales and rents for 1901 over time

Sales
Unit 1901, each saleTypical three-bed in Park Gate Residences 1
3M4M2018202020222024Typical sale price by year: 2018 AED 3,161,000; 2019 AED 3,173,000; 2020 AED 3,470,777; 2021 AED 3,162,777; 2022 AED 3,243,777; 2023 AED 3,700,000; 2024 AED 4,275,000Sold by developer, December 2021: AED 3,567,777 (AED 1,813 per sqft)Sold, July 2024: AED 4,250,000 (AED 2,160 per sqft)

1901 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1901, each contractTypical three-bed in Park Gate Residences 1
200K300K2021202320252027Typical rent by year: 2021 AED 135,000; 2022 AED 165,000; 2023 AED 170,000; 2024 AED 188,500; 2025 AED 185,000; 2026 AED 219,410New contract, February 2024: AED 320,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Park Gate Residences 1, and where 1901 sits

All 49 3-beds →

1901 last sold in July 2024 at AED 2,160 per sqft, 3% above what three-beds in Park Gate Residences 1 were fetching at the time (AED 2,087). Over the last 12 months three-beds sold for AED 4,100,000 to 4,329,777, around AED 1,949 per sqft, and rent for AED 190,000 to 255,000 a year. 1901's AED 320,000 is at the top of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
25 Sep 20264,100,000
11 Aug 20264,329,777
4 Jun 20254,000,000
21 Jan 20254,200,000
2 3-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 19th floor

All 204 units in Park Gate Residences 1
Value
19021-bedAED 1.65M · May 2018
19033-bedAED 3.41M · Sep 2019
19043-bedAED 3.12M · Mar 2018
19053-bedAED 2.97M · May 2020
19061-bedAED 1.63M · May 2022
19073-bedAED 3.17M · Mar 2022
19083-bedAED 3.12M · Sep 2019

1901, Park Gate Residences 1 in numbers

  • Sold twice: first on 5 December 2021 for AED 3,567,777, last on 18 July 2024 for AED 4,250,000 (AED 2,160 per sqft).
  • Rented since February 2024 on one Ejari contract, at AED 320,000 a year.
  • At AED 320,000 a year the gross yield on the 2024 price is 7.5%.
  • Three-beds in Park Gate Residences 1 sold for AED 4,100,000–4,329,777 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 18 July 2024.

Questions about 1901, Park Gate Residences 1

What did unit 1901 last sell for?

AED 4,250,000 on 18 July 2024: AED 2,160 per sqft for 1,967 sqft. The unit has 2 registered sales; the first was AED 3,567,777 in December 2021.

What is the rent for unit 1901?

AED 320,000 a year on the contract signed on 12 February 2024.

How big is unit 1901?

1,967 sqft (182.7 sqm): a three-bedroom apartment on the 19th floor of a 27-storey tower completed in 2020.

What is unit 1901 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Park Gate Residences 1 sold for AED 4,100,000 to 4,329,777 in the last 12 months, around AED 1,949 per sqft.

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Mortgage on 1901, Park Gate Residences 1

Starts from the last sale price (AED 4.25M, 18 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,250,000
Deposit, UAE resident (20%)
AED 850,000
Deposit, non-resident (40%)
AED 1,700,000
Monthly over 25 years at 3.7%
AED 17,388

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