1-bed · 995 sqftPark Gate Residences 1, Al Kifaf · 22nd floor · completed 2020

2202, Park Gate Residences 1

Sold prices and rental history: sold twice, last in October 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2202 · DLD and Ejari recordsUpdated 6 October 2022
Last soldAED 2.05M6 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2202, Park Gate Residences 1

What is 2202 worth today?

Last sold for AED 2,050,000 in 2022

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6 Oct 2022SoldReady
AED 2,050,000AED 2,060 per sqft
27 Apr 2022Sold by developerReady
AED 1,741,777AED 1,751 per sqft

Source: Dubai Land Department. Updated 6 October 2022.

Key facts

Type
1-bed apartment
Size
995 sqft
Floor
22nd of 27
Parking
AB2-108
Developer
Wasl
Completed
2020
Last sold
AED 2.05M · October 2022

About 2202, Park Gate Residences 1

2202 is a one-bedroom apartment of 995 sqft on the 22nd floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 6 October 2022 for AED 2,050,000, or AED 2,060 per sqft, 24% above the AED 1,656 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2202 over time

Sales
Unit 2202, each saleTypical one-bed in Park Gate Residences 1
1.5M1.75M2M20182020202220242026Typical sale price by year: 2018 AED 1,575,500; 2020 AED 1,616,389; 2021 AED 1,697,277; 2022 AED 1,635,777; 2023 AED 1,791,777; 2024 AED 1,638,889; 2025 AED 2,000,000Sold by developer, April 2022: AED 1,741,777 (AED 1,751 per sqft)Sold, October 2022: AED 2,050,000 (AED 2,060 per sqft)

2202 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2202, each contractTypical one-bed in Park Gate Residences 1
60K80K100K2021202320252027Typical rent by year: 2021 AED 66,000; 2022 AED 75,500; 2023 AED 92,500; 2024 AED 101,000; 2025 AED 105,000; 2026 AED 105,000

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

1-beds in Park Gate Residences 1, and where 2202 sits

All 44 1-beds →

2202 last sold in October 2022 at AED 2,060 per sqft, 24% above what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,656). Over the last 12 months one-beds sold for AED 1,950,000 to 2,000,000, around AED 1,993 per sqft, and rent for AED 85,000 to 125,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Oct 20261,950,000
15 Dec 20252,000,000
11 Aug 20251,750,000
19 Jun 20252,274,670
2 1-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 22nd floor

All 204 units in Park Gate Residences 1
Value
22033-bedAED 4.18M · Apr 2022
22043-bedAED 3.16M · Mar 2018
22053-bedAED 2.9M · Mar 2018
22061-bedAED 1.63M · Jul 2022
22073-bedAED 3.21M · Jul 2022
22083-bedAED 3.17M · Jan 2019

2202, Park Gate Residences 1 in numbers

  • Sold twice: first on 27 April 2022 for AED 1,741,777, last on 6 October 2022 for AED 2,050,000 (AED 2,060 per sqft).
  • One-beds in Park Gate Residences 1 sold for AED 1,950,000–2,000,000 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 6 October 2022.

Questions about 2202, Park Gate Residences 1

What did unit 2202 last sell for?

AED 2,050,000 on 6 October 2022: AED 2,060 per sqft for 995 sqft. The unit has 2 registered sales; the first was AED 1,741,777 in April 2022.

How big is unit 2202?

995 sqft (92.4 sqm): a one-bedroom apartment on the 22nd floor of a 27-storey tower completed in 2020.

What is unit 2202 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Gate Residences 1 sold for AED 1,950,000 to 2,000,000 in the last 12 months, around AED 1,993 per sqft.

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Mortgage on 2202, Park Gate Residences 1

Starts from the last sale price (AED 2.05M, 6 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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