2402, Park Gate Residences 1
Sold prices and rental history: sold twice, last in April 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2402, Park Gate Residences 1
What is 2402 worth today?
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Source: Dubai Land Department. Updated 18 August 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 99 sqft
- Floor
- 24th of 27
- Parking
- B1-002
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 160K · April 2024
- Building
- Park Gate Residences 1
About 2402, Park Gate Residences 1
2402 is a one-bedroom apartment of 99 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 26 April 2024 for AED 160,000, or AED 1,608 per sqft, 4% below the AED 1,673 one-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 18 August 2025, is AED 125,000 a year: a gross yield of 78.1% on the 2024 price.
Sales and rents for 2402 over time
2402 has sold twice; 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 2402 sits
All 44 1-beds →2402 last sold in April 2024 at AED 1,608 per sqft, 4% below what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,673). 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. 2402's AED 125,000 is at the top 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 24th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 3-bed | 1,967 sqft | AED 3.65MAED 3,650,000 · Jan 2023January 2023 | 190,000 /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 |
2402, Park Gate Residences 1 in numbers
- Sold twice: first on 22 March 2022 for AED 1,827,777, last on 26 April 2024 for AED 160,000 (AED 1,608 per sqft).
- Rented since May 2024 on 2 Ejari contracts, from AED 130,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2024 price is 78.1%.
- 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 18 August 2025.
Questions about 2402, Park Gate Residences 1
What did unit 2402 last sell for?
AED 160,000 on 26 April 2024: AED 1,608 per sqft for 99 sqft. The unit has 2 registered sales; the first was AED 1,827,777 in March 2022.
What is the rent for unit 2402?
AED 125,000 a year on the contract signed on 18 August 2025. The previous contract, from May 2024, was AED 130,000.
How big is unit 2402?
99 sqft (9.2 sqm): a one-bedroom apartment on the 24th floor of a 27-storey tower completed in 2020.
What is unit 2402 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 2402, Park Gate Residences 1
Starts from the last sale price (AED 160K, 26 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 160,000
- Deposit, UAE resident (20%)
- AED 32,000
- Deposit, non-resident (40%)
- AED 64,000
- Monthly over 25 years at 3.7%
- AED 655
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →