2407, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in July 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2407, Park Gate Residences 1
What is 2407 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 2,155 sqft
- Floor
- 24th of 27
- Parking
- AB4-003, AB4-004
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 3.24M · July 2022
- Building
- Park Gate Residences 1
About 2407, Park Gate Residences 1
2407 is a three-bedroom apartment of 2,155 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 3,240,777, or AED 1,503 per sqft, in line with the AED 1,505 three-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 1 October 2026, is AED 190,000 a year: a gross yield of 5.9% on the 2022 price.
Sales and rents for 2407 over time
2407 has sold once; 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 2407 sits
All 49 3-beds →2407 last sold in July 2022 at AED 1,503 per sqft, in line with what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,505). 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. 2407'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 | |||||
|---|---|---|---|---|---|
| 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 | |
| 2406 | 1-bed | 987 sqft | AED 1.64MAED 1,642,777 · Jul 2022July 2022 | 83,000 /yr | |
| 2408 | 3-bed | 2,163 sqft | AED 4MAED 4,000,000 · Jun 2025June 2025 | 250,000 /yr |
2407, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 20 July 2022 for AED 3,240,777, or AED 1,503 per sqft.
- Rented since November 2022 on 6 Ejari contracts, from AED 170,000 to AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2022 price is 5.9%.
- 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 1 October 2026.
Questions about 2407, Park Gate Residences 1
What did unit 2407 last sell for?
AED 3,240,777 on 20 July 2022, sold by the developer: AED 1,503 per sqft for 2,155 sqft. It is the only registered sale of the unit.
What is the rent for unit 2407?
AED 190,000 a year on the contract signed on 1 October 2026. The previous contract, from March 2026, was AED 219,410; the unit has been rented since November 2022.
How big is unit 2407?
2,155 sqft (200.2 sqm): a three-bedroom apartment on the 24th floor of a 27-storey tower completed in 2020.
What is unit 2407 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 2407, Park Gate Residences 1
Starts from the last sale price (AED 3.24M, 20 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,240,777
- Deposit, UAE resident (20%)
- AED 648,155
- Deposit, non-resident (40%)
- AED 1,296,311
- Monthly over 25 years at 3.7%
- AED 13,259
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →