3-bed · 2,060 sqftPark Gate Residences 1, Al Kifaf · 22nd floor · completed 2020

2203, Park Gate Residences 1

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

Unit 2203 · DLD and Ejari recordsUpdated 11 April 2022
Last soldAED 4.18M11 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2203, Park Gate Residences 1

What is 2203 worth today?

Last sold for AED 4,176,455 in 2022

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11 Apr 2022SoldReady
AED 4,176,455AED 2,027 per sqft
6 Apr 2022Sold by developerReady
AED 3,796,777AED 1,842 per sqft

Source: Dubai Land Department. Updated 11 April 2022.

Key facts

Type
3-bed apartment
Size
2,060 sqft
Floor
22nd of 27
Parking
AB4-035, AB4-036
Developer
Wasl
Completed
2020
Last sold
AED 4.18M · April 2022

About 2203, Park Gate Residences 1

2203 is a three-bedroom apartment of 2,060 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 11 April 2022 for AED 4,176,455, or AED 2,027 per sqft, 28% above the AED 1,589 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2203 over time

Sales
Unit 2203, 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, April 2022: AED 4,176,455 (AED 2,027 per sqft)Sold by developer, April 2022: AED 3,796,777 (AED 1,842 per sqft)

2203 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2203, 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 2203 sits

All 49 3-beds →

2203 last sold in April 2022 at AED 2,027 per sqft, 28% above what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,589). 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 22nd floor

All 204 units in Park Gate Residences 1
Value
22021-bedAED 2.05M · Oct 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

2203, Park Gate Residences 1 in numbers

  • Sold twice: first on 6 April 2022 for AED 3,796,777, last on 11 April 2022 for AED 4,176,455 (AED 2,027 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 11 April 2022.

Questions about 2203, Park Gate Residences 1

What did unit 2203 last sell for?

AED 4,176,455 on 11 April 2022: AED 2,027 per sqft for 2,060 sqft. The unit has 2 registered sales; the first was AED 3,796,777 in April 2022.

How big is unit 2203?

2,060 sqft (191.4 sqm): a three-bedroom apartment on the 22nd floor of a 27-storey tower completed in 2020.

What is unit 2203 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 2203, Park Gate Residences 1

Starts from the last sale price (AED 4.18M, 11 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,176,455
Deposit, UAE resident (20%)
AED 835,291
Deposit, non-resident (40%)
AED 1,670,582
Monthly over 25 years at 3.7%
AED 17,087

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