2207, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in July 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2207, Park Gate Residences 1
What is 2207 worth today?
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Source: Dubai Land Department. Updated 9 June 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,155 sqft
- Floor
- 22nd of 27
- Parking
- AB4-012, AB4-013
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 3.21M · July 2022
- Building
- Park Gate Residences 1
About 2207, Park Gate Residences 1
2207 is a three-bedroom apartment of 2,155 sqft on the 22nd floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 20 July 2022 for AED 3,214,777, or AED 1,491 per sqft, in line with the AED 1,505 three-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 9 June 2024, is AED 210,000 a year: a gross yield of 6.5% on the 2022 price.
Sales and rents for 2207 over time
2207 has sold once; 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 2207 sits
All 49 3-beds →2207 last sold in July 2022 at AED 1,491 per sqft, in line with what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,505). 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. 2207's AED 210,000 is in the lower half 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 22nd floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2202 | 1-bed | 995 sqft | AED 2.05MAED 2,050,000 · Oct 2022October 2022 | ||
| 2203 | 3-bed | 2,060 sqft | AED 4.18MAED 4,176,455 · Apr 2022April 2022 | ||
| 2204 | 3-bed | 2,162 sqft | AED 3.16MAED 3,161,000 · Mar 2018March 2018 | ||
| 2205 | 3-bed | 2,155 sqft | AED 2.9MAED 2,897,000 · Mar 2018March 2018 | ||
| 2206 | 1-bed | 987 sqft | AED 1.63MAED 1,631,777 · Jul 2022July 2022 | 90,000 /yr | |
| 2208 | 3-bed | 2,163 sqft | AED 3.17MAED 3,166,000 · Jan 2019January 2019 |
2207, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 20 July 2022 for AED 3,214,777, or AED 1,491 per sqft.
- Rented since May 2023 on 2 Ejari contracts, from AED 190,000 to AED 210,000 a year.
- At AED 210,000 a year the gross yield on the 2022 price is 6.5%.
- 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 9 June 2024.
Questions about 2207, Park Gate Residences 1
What did unit 2207 last sell for?
AED 3,214,777 on 20 July 2022, sold by the developer: AED 1,491 per sqft for 2,155 sqft. It is the only registered sale of the unit.
What is the rent for unit 2207?
AED 210,000 a year on the contract signed on 9 June 2024. The previous contract, from May 2023, was AED 190,000.
How big is unit 2207?
2,155 sqft (200.2 sqm): a three-bedroom apartment on the 22nd floor of a 27-storey tower completed in 2020.
What is unit 2207 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 2207, Park Gate Residences 1
Starts from the last sale price (AED 3.21M, 20 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,214,777
- Deposit, UAE resident (20%)
- AED 642,955
- Deposit, non-resident (40%)
- AED 1,285,911
- Monthly over 25 years at 3.7%
- AED 13,153
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →