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3-bed · 436 sqftPark Gate Residences 1, Al Kifaf · 24th floor · completed 2020

2404, Park Gate Residences 1

Sold prices and rental history: sold twice, last in June 2021, and rented once, from September 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2404 · DLD and Ejari recordsUpdated 26 September 2022
Last soldAED 3.2M21 June 2021
Current rentAED 168K /yr26 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2404, Park Gate Residences 1

What is 2404 worth today?

Last sold for AED 3,200,000 in 2021

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26 Sep 2022RentedNew contract
AED 168,000/yr12 months · AED 78 per sqft
21 Jun 2021SoldReady
AED 3,200,000AED 1,480 per sqft
4 Apr 2018Sold by developerOff-plan
AED 3,190,000AED 1,475 per sqft

Source: Dubai Land Department. Updated 26 September 2022.

Key facts

Type
3-bed apartment
Size
436 sqft
Floor
24th of 27
Parking
AB4-027, AB4-028
Developer
Wasl
Completed
2020
Last sold
AED 3.2M · June 2021
Building
Park Gate Residences 1

About 2404, Park Gate Residences 1

2404 is a three-bedroom apartment of 436 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 21 June 2021 for AED 3,200,000, or AED 1,480 per sqft, in line with the AED 1,448 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 26 September 2022. The current contract, signed on 26 September 2022, is AED 168,000 a year: a gross yield of 5.3% on the 2021 price.

Sales and rents for 2404 over time

Sales
Unit 2404, 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 2018: AED 3,190,000 (AED 1,475 per sqft)Sold, June 2021: AED 3,200,000 (AED 1,480 per sqft)

2404 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2404, 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 219,410New contract, September 2022: AED 168,000 a year

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 2404 sits

All 49 3-beds →

2404 last sold in June 2021 at AED 1,480 per sqft, in line with what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,448). 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. 2404's AED 168,000 is at the bottom of that range.

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 24th floor

All 204 units in Park Gate Residences 1
Value
24013-bedAED 3.65M · Jan 2023
24021-bedAED 160K · Apr 2024
24033-bedAED 3.15M · Feb 2021
24053-bedAED 3.14M · Sep 2021
24061-bedAED 1.64M · Jul 2022
24073-bedAED 3.24M · Jul 2022
24083-bedAED 4M · Jun 2025

2404, Park Gate Residences 1 in numbers

  • Sold twice: first on 4 April 2018 for AED 3,190,000, last on 21 June 2021 for AED 3,200,000 (AED 1,480 per sqft).
  • Rented since September 2022 on one Ejari contract, at AED 168,000 a year.
  • At AED 168,000 a year the gross yield on the 2021 price is 5.3%.
  • 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 26 September 2022.

Questions about 2404, Park Gate Residences 1

What did unit 2404 last sell for?

AED 3,200,000 on 21 June 2021: AED 1,480 per sqft for 436 sqft. The unit has 2 registered sales; the first was AED 3,190,000 in April 2018.

What is the rent for unit 2404?

AED 168,000 a year on the contract signed on 26 September 2022.

How big is unit 2404?

436 sqft (40.5 sqm): a three-bedroom apartment on the 24th floor of a 27-storey tower completed in 2020.

What is unit 2404 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 2404, Park Gate Residences 1

Starts from the last sale price (AED 3.2M, 21 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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