2502, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in September 2019, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2502, Park Gate Residences 1
What is 2502 worth today?
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Source: Dubai Land Department. Updated 11 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 995 sqft
- Floor
- 25th of 27
- Parking
- AB2-008
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.66M · September 2019
- Building
- Park Gate Residences 1
About 2502, Park Gate Residences 1
2502 is a one-bedroom apartment of 995 sqft on the 25th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 29 September 2019 for AED 1,660,777, or AED 1,669 per sqft, in line with the AED 1,645 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 11 December 2024, is AED 105,000 a year: a gross yield of 6.3% on the 2019 price.
Sales and rents for 2502 over time
2502 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 2502 sits
All 44 1-beds →2502 last sold in September 2019 at AED 1,669 per sqft, in line with what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,645). 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. 2502's AED 105,000 is in the upper half 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 25th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2501 | 3-bed | 2,060 sqft | AED 3.57MAED 3,568,777 · Apr 2020April 2020 | ||
| 2503 | 3-bed | 2,060 sqft | AED 3.43MAED 3,429,777 · Sep 2019September 2019 | 155,250 /yr | |
| 2504 | 3-bed | 2,162 sqft | AED 3.2MAED 3,204,000 · Mar 2018March 2018 | ||
| 2505 | 3-bed | 2,155 sqft | AED 3.3MAED 3,300,000 · Jun 2022June 2022 | ||
| 2506 | 1-bed | 987 sqft | AED 2.27MAED 2,274,670 · Jun 2025June 2025 | 125,000 /yr | |
| 2507 | 3-bed | 2,155 sqft | AED 3.26MAED 3,256,777 · Jul 2022July 2022 | 187,000 /yr | |
| 2508 | 3-bed | 2,163 sqft | AED 4.1MAED 4,100,000 · Sep 2026September 2026 | 160,000 /yr |
2502, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 29 September 2019 for AED 1,660,777, or AED 1,669 per sqft.
- Rented since September 2021 on 3 Ejari contracts, from AED 65,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2019 price is 6.3%.
- 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 11 December 2024.
Questions about 2502, Park Gate Residences 1
What did unit 2502 last sell for?
AED 1,660,777 on 29 September 2019, sold by the developer: AED 1,669 per sqft for 995 sqft. It is the only registered sale of the unit.
What is the rent for unit 2502?
AED 105,000 a year on the contract signed on 11 December 2024. The previous contract, from November 2023, was AED 110,000; the unit has been rented since September 2021.
How big is unit 2502?
995 sqft (92.4 sqm): a one-bedroom apartment on the 25th floor of a 27-storey tower completed in 2020.
What is unit 2502 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 2502, Park Gate Residences 1
Starts from the last sale price (AED 1.66M, 29 September 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,660,777
- Deposit, UAE resident (20%)
- AED 332,155
- Deposit, non-resident (40%)
- AED 664,311
- Monthly over 25 years at 3.7%
- AED 6,795
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →