3-bed · 2,060 sqftPark Gate Residences 1, Al Kifaf · 19th floor · completed 2020

1903, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in September 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1903 · DLD and Ejari recordsUpdated 23 September 2019
Last soldAED 3.41M23 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1903, Park Gate Residences 1

What is 1903 worth today?

Last sold for AED 3,411,000 in 2019

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23 Sep 2019Sold by developerOff-plan
AED 3,411,000AED 1,655 per sqft

Source: Dubai Land Department. Updated 23 September 2019.

Key facts

Type
3-bed apartment
Size
2,060 sqft
Floor
19th of 27
Parking
B1-193, B1-194
Developer
Wasl
Completed
2020
Last sold
AED 3.41M · September 2019

About 1903, Park Gate Residences 1

1903 is a three-bedroom apartment of 2,060 sqft on the 19th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 23 September 2019 for AED 3,411,000, or AED 1,655 per sqft, 13% above the AED 1,459 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1903 over time

Sales
Unit 1903, 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, September 2019: AED 3,411,000 (AED 1,655 per sqft)

1903 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1903, each contractTypical three-bed in Park Gate Residences 1
150K200K2021202320252027Typical 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 219,410

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 1903 sits

All 49 3-beds →

1903 last sold in September 2019 at AED 1,655 per sqft, 13% above what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,459). 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.

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
19013-bedAED 4.25M · Jul 2024
19021-bedAED 1.65M · May 2018
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

1903, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 23 September 2019 for AED 3,411,000, or AED 1,655 per sqft.
  • 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 23 September 2019.

Questions about 1903, Park Gate Residences 1

What did unit 1903 last sell for?

AED 3,411,000 on 23 September 2019, sold by the developer: AED 1,655 per sqft for 2,060 sqft. It is the only registered sale of the unit.

How big is unit 1903?

2,060 sqft (191.4 sqm): a three-bedroom apartment on the 19th floor of a 27-storey tower completed in 2020.

What is unit 1903 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 1903, Park Gate Residences 1

Starts from the last sale price (AED 3.41M, 23 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 3,411,000
Deposit, UAE resident (20%)
AED 682,200
Deposit, non-resident (40%)
AED 1,364,400
Monthly over 25 years at 3.7%
AED 13,955

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