3-bed · 2,155 sqftPark Gate Residences 1, Al Kifaf · 23rd floor · completed 2020

2305, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in April 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2305 · DLD and Ejari recordsUpdated 7 April 2021
Last soldAED 3.12M7 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2305, Park Gate Residences 1

What is 2305 worth today?

Last sold for AED 3,121,777 in 2021

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7 Apr 2021Sold by developerReady
AED 3,121,777AED 1,448 per sqft

Source: Dubai Land Department. Updated 7 April 2021.

Key facts

Type
3-bed apartment
Size
2,155 sqft
Floor
23rd of 27
Parking
AB4-047, AB4-048
Developer
Wasl
Completed
2020
Last sold
AED 3.12M · April 2021

About 2305, Park Gate Residences 1

2305 is a three-bedroom apartment of 2,155 sqft on the 23rd floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 7 April 2021 for AED 3,121,777, or AED 1,448 per sqft, in line with the AED 1,432 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2305 over time

Sales
Unit 2305, 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, April 2021: AED 3,121,777 (AED 1,448 per sqft)

2305 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2305, 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 2305 sits

All 49 3-beds →

2305 last sold in April 2021 at AED 1,448 per sqft, in line with what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,432). 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 23rd floor

All 204 units in Park Gate Residences 1
Value
23013-bedAED 3.47M · Apr 2020
23021-bedAED 1.82M · Apr 2022
23033-bedAED 4.3M · Jun 2024
23043-bedAED 2.93M · Feb 2021
23061-bedAED 1.65M · Apr 2022
23073-bedAED 3.23M · Jul 2022
23083-bedAED 4.33M · Aug 2026

2305, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 7 April 2021 for AED 3,121,777, or AED 1,448 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 7 April 2021.

Questions about 2305, Park Gate Residences 1

What did unit 2305 last sell for?

AED 3,121,777 on 7 April 2021, sold by the developer: AED 1,448 per sqft for 2,155 sqft. It is the only registered sale of the unit.

How big is unit 2305?

2,155 sqft (200.2 sqm): a three-bedroom apartment on the 23rd floor of a 27-storey tower completed in 2020.

What is unit 2305 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 2305, Park Gate Residences 1

Starts from the last sale price (AED 3.12M, 7 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,121,777
Deposit, UAE resident (20%)
AED 624,355
Deposit, non-resident (40%)
AED 1,248,711
Monthly over 25 years at 3.7%
AED 12,772

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