3-bed · 2,162 sqftPark Gate Residences 1, Al Kifaf · 19th floor · completed 2020

1904, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in March 2018, and rented once, from March 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1904 · DLD and Ejari recordsUpdated 15 March 2021
Last soldAED 3.12M1 March 2018
Current rentAED 80K /yr15 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1904, Park Gate Residences 1

What is 1904 worth today?

Last sold for AED 3,118,000 in 2018

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15 Mar 2021RentedNew contract
AED 80,000/yr12 months · AED 37 per sqft
1 Mar 2018Sold by developerOff-plan
AED 3,118,000AED 1,442 per sqft

Source: Dubai Land Department. Updated 15 March 2021.

Key facts

Type
3-bed apartment
Size
2,162 sqft
Floor
19th of 27
Parking
AB2-095, AB2-096
Developer
Wasl
Completed
2020
Last sold
AED 3.12M · March 2018

About 1904, Park Gate Residences 1

1904 is a three-bedroom apartment of 2,162 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 1 March 2018 for AED 3,118,000, or AED 1,442 per sqft, in line with the AED 1,462 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 March 2021. The current contract, signed on 15 March 2021, is AED 80,000 a year: a gross yield of 2.6% on the 2018 price.

Sales and rents for 1904 over time

Sales
Unit 1904, 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, March 2018: AED 3,118,000 (AED 1,442 per sqft)

1904 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1904, each contractTypical three-bed in Park Gate Residences 1
100K200K2021202320252027Typical 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, March 2021: AED 80,000 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 1904 sits

All 49 3-beds →

1904 last sold in March 2018 at AED 1,442 per sqft, in line with what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,462). 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. 1904's AED 80,000 is at the bottom 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
19013-bedAED 4.25M · Jul 2024
19021-bedAED 1.65M · May 2018
19033-bedAED 3.41M · Sep 2019
19053-bedAED 2.97M · May 2020
19061-bedAED 1.63M · May 2022
19073-bedAED 3.17M · Mar 2022
19083-bedAED 3.12M · Sep 2019

1904, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 1 March 2018 for AED 3,118,000, or AED 1,442 per sqft.
  • Rented since March 2021 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2018 price is 2.6%.
  • 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 15 March 2021.

Questions about 1904, Park Gate Residences 1

What did unit 1904 last sell for?

AED 3,118,000 on 1 March 2018, sold by the developer: AED 1,442 per sqft for 2,162 sqft. It is the only registered sale of the unit.

What is the rent for unit 1904?

AED 80,000 a year on the contract signed on 15 March 2021.

How big is unit 1904?

2,162 sqft (200.9 sqm): a three-bedroom apartment on the 19th floor of a 27-storey tower completed in 2020.

What is unit 1904 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 1904, Park Gate Residences 1

Starts from the last sale price (AED 3.12M, 1 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 3,118,000
Deposit, UAE resident (20%)
AED 623,600
Deposit, non-resident (40%)
AED 1,247,200
Monthly over 25 years at 3.7%
AED 12,757

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