2406, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in July 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2406, Park Gate Residences 1
What is 2406 worth today?
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Source: Dubai Land Department. Updated 1 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 987 sqft
- Floor
- 24th of 27
- Parking
- B2-144
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.64M · July 2022
- Building
- Park Gate Residences 1
About 2406, Park Gate Residences 1
2406 is a one-bedroom apartment of 987 sqft on the 24th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 20 July 2022 for AED 1,642,777, or AED 1,663 per sqft, in line with the AED 1,659 one-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 1 February 2024, is AED 83,000 a year: a gross yield of 5.1% on the 2022 price.
Sales and rents for 2406 over time
2406 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 2406 sits
All 44 1-beds →2406 last sold in July 2022 at AED 1,663 per sqft, in line with what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,659). 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. 2406's AED 83,000 is at the bottom 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 | |
| 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 | |
| 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 |
2406, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 20 July 2022 for AED 1,642,777, or AED 1,663 per sqft.
- Rented since February 2023 on 2 Ejari contracts, at AED 83,000 a year.
- At AED 83,000 a year the gross yield on the 2022 price is 5.1%.
- 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 1 February 2024.
Questions about 2406, Park Gate Residences 1
What did unit 2406 last sell for?
AED 1,642,777 on 20 July 2022, sold by the developer: AED 1,663 per sqft for 987 sqft. It is the only registered sale of the unit.
What is the rent for unit 2406?
AED 83,000 a year on the contract renewed on 1 February 2024. The previous contract, from February 2023, was AED 83,000.
How big is unit 2406?
987 sqft (91.7 sqm): a one-bedroom apartment on the 24th floor of a 27-storey tower completed in 2020.
What is unit 2406 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 2406, Park Gate Residences 1
Starts from the last sale price (AED 1.64M, 20 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,642,777
- Deposit, UAE resident (20%)
- AED 328,555
- Deposit, non-resident (40%)
- AED 657,111
- Monthly over 25 years at 3.7%
- AED 6,721
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →