2306, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2306, Park Gate Residences 1
What is 2306 worth today?
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Source: Dubai Land Department. Updated 10 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 987 sqft
- Floor
- 23rd of 27
- Parking
- AB4-007
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.65M · April 2022
- Building
- Park Gate Residences 1
About 2306, Park Gate Residences 1
2306 is a one-bedroom apartment of 987 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 21 April 2022 for AED 1,653,777, or AED 1,674 per sqft, in line with the AED 1,707 one-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 10 October 2024, is AED 110,000 a year: a gross yield of 6.7% on the 2022 price.
Sales and rents for 2306 over time
2306 has sold once; the dashed line is the one-bed median of each year in the building.
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 2306 sits
All 44 1-beds →2306 last sold in April 2022 at AED 1,674 per sqft, in line with what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,707). 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. 2306's AED 110,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Oct 202626 October 2026 | 994 sqft | 1,950,000 | 1,960 | ||
| 15 Dec 202515 December 2025 | 987 sqft | 2,000,000 | 2,025 | ||
| 11 Aug 202511 August 2025 | 994 sqft | 1,750,000 | 1,759 | ||
| 19 Jun 202519 June 2025 | 987 sqft | 2,274,670 | 2,303 |
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 23rd floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 3-bed | 2,060 sqft | AED 3.47MAED 3,470,777 · Apr 2020April 2020 | ||
| 2302 | 1-bed | 995 sqft | AED 1.82MAED 1,820,777 · Apr 2022April 2022 | ||
| 2303 | 3-bed | 2,060 sqft | AED 4.3MAED 4,300,000 · Jun 2024June 2024 | 255,000 /yr | |
| 2304 | 3-bed | 648 sqft | AED 2.93MAED 2,925,000 · Feb 2021February 2021 | ||
| 2305 | 3-bed | 2,155 sqft | AED 3.12MAED 3,121,777 · Apr 2021April 2021 | ||
| 2307 | 3-bed | 2,155 sqft | AED 3.23MAED 3,226,777 · Jul 2022July 2022 | 195,000 /yr | |
| 2308 | 3-bed | 2,163 sqft | AED 4.33MAED 4,329,777 · Aug 2026August 2026 |
2306, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 21 April 2022 for AED 1,653,777, or AED 1,674 per sqft.
- Rented since August 2022 on 3 Ejari contracts, from AED 87,000 to AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2022 price is 6.7%.
- 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 10 October 2024.
Questions about 2306, Park Gate Residences 1
What did unit 2306 last sell for?
AED 1,653,777 on 21 April 2022, sold by the developer: AED 1,674 per sqft for 987 sqft. It is the only registered sale of the unit.
What is the rent for unit 2306?
AED 110,000 a year on the contract signed on 10 October 2024. The previous contract, from September 2023, was AED 94,000; the unit has been rented since August 2022.
How big is unit 2306?
987 sqft (91.7 sqm): a one-bedroom apartment on the 23rd floor of a 27-storey tower completed in 2020.
What is unit 2306 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 2306, Park Gate Residences 1
Starts from the last sale price (AED 1.65M, 21 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,653,777
- Deposit, UAE resident (20%)
- AED 330,755
- Deposit, non-resident (40%)
- AED 661,511
- Monthly over 25 years at 3.7%
- AED 6,766
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →