2408, Park Gate Residences 1
Sold prices and rental history: sold 3 times, last in June 2025, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2408, Park Gate Residences 1
What is 2408 worth today?
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Source: Dubai Land Department. Updated 1 October 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,163 sqft
- Floor
- 24th of 27
- Parking
- B2-136, B2-137
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 4M · June 2025
- Building
- Park Gate Residences 1
About 2408, Park Gate Residences 1
2408 is a three-bedroom apartment of 2,163 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 June 2025 for AED 4,000,000, or AED 1,849 per sqft, 8% below the AED 2,018 three-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 1 October 2025, is AED 250,000 a year: a gross yield of 6.3% on the 2025 price.
Sales and rents for 2408 over time
2408 has sold 3 times; 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 2408 sits
All 49 3-beds →2408 last sold in June 2025 at AED 1,849 per sqft, 8% below what three-beds in Park Gate Residences 1 were fetching at the time (AED 2,018). 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. 2408's AED 250,000 is in the upper half 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 | ||
| 21 Jan 202521 January 2025 | 2,155 sqft | 4,200,000 | 1,948 | ||
| 18 Jul 202418 July 2024 | 1,967 sqft | 4,250,000 | 2,160 |
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 | |
| 2407 | 3-bed | 2,155 sqft | AED 3.24MAED 3,240,777 · Jul 2022July 2022 | 190,000 /yr |
2408, Park Gate Residences 1 in numbers
- Sold 3 times: first on 23 October 2019 for AED 2,977,777, last on 4 June 2025 for AED 4,000,000 (AED 1,849 per sqft).
- Rented since October 2024 on 2 Ejari contracts, at AED 250,000 a year.
- At AED 250,000 a year the gross yield on the 2025 price is 6.3%.
- 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 1 October 2025.
Questions about 2408, Park Gate Residences 1
What did unit 2408 last sell for?
AED 4,000,000 on 4 June 2025: AED 1,849 per sqft for 2,163 sqft. The unit has 3 registered sales; the first was AED 2,977,777 in October 2019.
What is the rent for unit 2408?
AED 250,000 a year on the contract signed on 1 October 2025. The previous contract, from October 2024, was AED 250,000.
How big is unit 2408?
2,163 sqft (200.9 sqm): a three-bedroom apartment on the 24th floor of a 27-storey tower completed in 2020.
What is unit 2408 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 2408, Park Gate Residences 1
Starts from the last sale price (AED 4M, 4 June 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 4,000,000
- Deposit, UAE resident (20%)
- AED 800,000
- Deposit, non-resident (40%)
- AED 1,600,000
- Monthly over 25 years at 3.7%
- AED 16,365
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →