2401, Park Gate Residences 1
Sold prices and rental history: sold twice, last in January 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2401, Park Gate Residences 1
What is 2401 worth today?
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Source: Dubai Land Department. Updated 10 April 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,967 sqft
- Floor
- 24th of 27
- Parking
- AB4-001, AB4-002
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 3.65M · January 2023
- Building
- Park Gate Residences 1
About 2401, Park Gate Residences 1
2401 is a three-bedroom apartment of 1,967 sqft on the 24th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 4 January 2023 for AED 3,650,000, or AED 1,855 per sqft, 23% above the AED 1,514 three-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 10 April 2024, is AED 190,000 a year: a gross yield of 5.2% on the 2023 price.
Sales and rents for 2401 over time
2401 has sold twice; 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 2401 sits
All 49 3-beds →2401 last sold in January 2023 at AED 1,855 per sqft, 23% above what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,514). 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. 2401's AED 190,000 is at the bottom 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 24th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2402 | 1-bed | 99 sqft | AED 160KAED 160,000 · Apr 2024April 2024 | 125,000 /yr | |
| 2403 | 3-bed | 2,060 sqft | AED 3.15MAED 3,150,000 · Feb 2021February 2021 | ||
| 2404 | 3-bed | 436 sqft | AED 3.2MAED 3,200,000 · Jun 2021June 2021 | 168,000 /yr | |
| 2405 | 3-bed | 2,155 sqft | AED 3.14MAED 3,135,777 · Sep 2021September 2021 | 237,000 /yr | |
| 2406 | 1-bed | 987 sqft | AED 1.64MAED 1,642,777 · Jul 2022July 2022 | 83,000 /yr | |
| 2407 | 3-bed | 2,155 sqft | AED 3.24MAED 3,240,777 · Jul 2022July 2022 | 190,000 /yr | |
| 2408 | 3-bed | 2,163 sqft | AED 4MAED 4,000,000 · Jun 2025June 2025 | 250,000 /yr |
2401, Park Gate Residences 1 in numbers
- Sold twice: first on 5 September 2021 for AED 3,643,777, last on 4 January 2023 for AED 3,650,000 (AED 1,855 per sqft).
- Rented since April 2023 on 3 Ejari contracts, from AED 170,000 to AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2023 price is 5.2%.
- 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 10 April 2024.
Questions about 2401, Park Gate Residences 1
What did unit 2401 last sell for?
AED 3,650,000 on 4 January 2023: AED 1,855 per sqft for 1,967 sqft. The unit has 2 registered sales; the first was AED 3,643,777 in September 2021.
What is the rent for unit 2401?
AED 190,000 a year on the contract renewed on 10 April 2024. The previous contract, from April 2024, was AED 190,000; the unit has been rented since April 2023.
How big is unit 2401?
1,967 sqft (182.7 sqm): a three-bedroom apartment on the 24th floor of a 27-storey tower completed in 2020.
What is unit 2401 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 2401, Park Gate Residences 1
Starts from the last sale price (AED 3.65M, 4 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,650,000
- Deposit, UAE resident (20%)
- AED 730,000
- Deposit, non-resident (40%)
- AED 1,460,000
- Monthly over 25 years at 3.7%
- AED 14,933
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →