2005, Park Gate Residences 1
Sold prices and rental history: sold twice, last in June 2023, and rented once, from October 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2005, Park Gate Residences 1
What is 2005 worth today?
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Source: Dubai Land Department. Updated 23 June 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,155 sqft
- Floor
- 20th of 27
- Parking
- AB2-001, AB2-002
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 3.65M · June 2023
- Building
- Park Gate Residences 1
About 2005, Park Gate Residences 1
2005 is a three-bedroom apartment of 2,155 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 23 June 2023 for AED 3,650,000, or AED 1,693 per sqft, 11% above the AED 1,524 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 October 2021. The current contract, signed on 1 October 2021, is AED 140,000 a year: a gross yield of 3.8% on the 2023 price.
Sales and rents for 2005 over time
2005 has sold twice; the dashed line is the three-bed median of each year in the building.
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 2005 sits
All 49 3-beds →2005 last sold in June 2023 at AED 1,693 per sqft, 11% above what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,524). 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. 2005's AED 140,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Sep 202625 September 2026 | 2,163 sqft | 4,100,000 | 1,895 | ||
| 11 Aug 202611 August 2026 | 2,163 sqft | 4,329,777 | 2,002 | ||
| 4 Jun 20254 June 2025 | 2,163 sqft | 4,000,000 | 1,849 | ||
| 21 Jan 202521 January 2025 | 2,155 sqft | 4,200,000 | 1,948 |
Park Gate Residences 1
Building204 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%
Other units on the 20th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 3-bed | 2,060 sqft | AED 3.56MAED 3,561,777 · Jul 2022July 2022 | ||
| 2002 | 1-bed | 995 sqft | AED 2.03MAED 2,025,000 · Apr 2025April 2025 | 77,000 /yr | |
| 2003 | 3-bed | 2,060 sqft | AED 4.3MAED 4,300,000 · Feb 2024February 2024 | ||
| 2004 | 3-bed | 2,162 sqft | AED 3.85MAED 3,850,000 · Apr 2023April 2023 | 220,000 /yr | |
| 2006 | 1-bed | 987 sqft | AED 2MAED 2,000,000 · Oct 2023October 2023 | ||
| 2007 | 3-bed | 2,155 sqft | AED 4.2MAED 4,200,000 · Jan 2025January 2025 | 210,000 /yr | |
| 2008 | 3-bed | 2,163 sqft | AED 3.14MAED 3,137,000 · Sep 2019September 2019 |
2005, Park Gate Residences 1 in numbers
- Sold twice: first on 5 August 2018 for AED 2,869,440, last on 23 June 2023 for AED 3,650,000 (AED 1,693 per sqft).
- Rented since October 2021 on one Ejari contract, at AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2023 price is 3.8%.
- 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 June 2023.
Questions about 2005, Park Gate Residences 1
What did unit 2005 last sell for?
AED 3,650,000 on 23 June 2023: AED 1,693 per sqft for 2,155 sqft. The unit has 2 registered sales; the first was AED 2,869,440 in August 2018.
What is the rent for unit 2005?
AED 140,000 a year on the contract signed on 1 October 2021.
How big is unit 2005?
2,155 sqft (200.2 sqm): a three-bedroom apartment on the 20th floor of a 27-storey tower completed in 2020.
What is unit 2005 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 2005, Park Gate Residences 1
Starts from the last sale price (AED 3.65M, 23 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,650,000
- Deposit, UAE resident (20%)
- AED 730,000
- Deposit, non-resident (40%)
- AED 1,460,000
- Monthly over 25 years at 3.7%
- AED 14,933
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →