3-bed · 2,060 sqftPark Gate Residences 1, Al Kifaf · 20th floor · completed 2020

2003, Park Gate Residences 1

Sold prices and rental history: sold twice, last in February 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2003 · DLD and Ejari recordsUpdated 22 February 2024
Last soldAED 4.3M22 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2003, Park Gate Residences 1

What is 2003 worth today?

Last sold for AED 4,300,000 in 2024

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22 Feb 2024SoldReady
AED 4,300,000AED 2,087 per sqft
26 Sep 2019Sold by developerOff-plan
AED 3,358,777AED 1,630 per sqft

Source: Dubai Land Department. Updated 22 February 2024.

Key facts

Type
3-bed apartment
Size
2,060 sqft
Floor
20th of 27
Parking
AB2-061, AB2-062
Developer
Wasl
Completed
2020
Last sold
AED 4.3M · February 2024

About 2003, Park Gate Residences 1

2003 is a three-bedroom apartment of 2,060 sqft on the 20th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 22 February 2024 for AED 4,300,000, or AED 2,087 per sqft, 17% above the AED 1,780 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2003 over time

Sales
Unit 2003, 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 3,358,777 (AED 1,630 per sqft)Sold, February 2024: AED 4,300,000 (AED 2,087 per sqft)

2003 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2003, 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 2003 sits

All 49 3-beds →

2003 last sold in February 2024 at AED 2,087 per sqft, 17% above what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,780). 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 20th floor

All 204 units in Park Gate Residences 1
Value
20013-bedAED 3.56M · Jul 2022
20021-bedAED 2.03M · Apr 2025
20043-bedAED 3.85M · Apr 2023
20053-bedAED 3.65M · Jun 2023
20061-bedAED 2M · Oct 2023
20073-bedAED 4.2M · Jan 2025
20083-bedAED 3.14M · Sep 2019

2003, Park Gate Residences 1 in numbers

  • Sold twice: first on 26 September 2019 for AED 3,358,777, last on 22 February 2024 for AED 4,300,000 (AED 2,087 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 22 February 2024.

Questions about 2003, Park Gate Residences 1

What did unit 2003 last sell for?

AED 4,300,000 on 22 February 2024: AED 2,087 per sqft for 2,060 sqft. The unit has 2 registered sales; the first was AED 3,358,777 in September 2019.

How big is unit 2003?

2,060 sqft (191.4 sqm): a three-bedroom apartment on the 20th floor of a 27-storey tower completed in 2020.

What is unit 2003 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 2003, Park Gate Residences 1

Starts from the last sale price (AED 4.3M, 22 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,300,000
Deposit, UAE resident (20%)
AED 860,000
Deposit, non-resident (40%)
AED 1,720,000
Monthly over 25 years at 3.7%
AED 17,593

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