3-bed · 2,162 sqftPark Gate Residences 1, Al Kifaf · 25th floor · completed 2020

2504, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in March 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2504 · DLD and Ejari recordsUpdated 5 March 2018
Last soldAED 3.2M5 March 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2504, Park Gate Residences 1

What is 2504 worth today?

Last sold for AED 3,204,000 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Mar 2018Sold by developerOff-plan
AED 3,204,000AED 1,481 per sqft

Source: Dubai Land Department. Updated 5 March 2018.

Key facts

Type
3-bed apartment
Size
2,162 sqft
Floor
25th of 27
Parking
AB2-065, AB2-066
Developer
Wasl
Completed
2020
Last sold
AED 3.2M · March 2018

About 2504, Park Gate Residences 1

2504 is a three-bedroom apartment of 2,162 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 5 March 2018 for AED 3,204,000, or AED 1,481 per sqft, in line with the AED 1,462 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2504 over time

Sales
Unit 2504, 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, March 2018: AED 3,204,000 (AED 1,481 per sqft)

2504 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2504, 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 219,410

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 2504 sits

All 49 3-beds →

2504 last sold in March 2018 at AED 1,481 per sqft, in line with what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,462). 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.

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 25th floor

All 204 units in Park Gate Residences 1
Value
25013-bedAED 3.57M · Apr 2020
25021-bedAED 1.66M · Sep 2019
25033-bedAED 3.43M · Sep 2019
25053-bedAED 3.3M · Jun 2022
25061-bedAED 2.27M · Jun 2025
25073-bedAED 3.26M · Jul 2022
25083-bedAED 4.1M · Sep 2026

2504, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 5 March 2018 for AED 3,204,000, or AED 1,481 per sqft.
  • 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 5 March 2018.

Questions about 2504, Park Gate Residences 1

What did unit 2504 last sell for?

AED 3,204,000 on 5 March 2018, sold by the developer: AED 1,481 per sqft for 2,162 sqft. It is the only registered sale of the unit.

How big is unit 2504?

2,162 sqft (200.9 sqm): a three-bedroom apartment on the 25th floor of a 27-storey tower completed in 2020.

What is unit 2504 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.

Selling 2504? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 2504, Park Gate Residences 1

Starts from the last sale price (AED 3.2M, 5 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 3,204,000
Deposit, UAE resident (20%)
AED 640,800
Deposit, non-resident (40%)
AED 1,281,600
Monthly over 25 years at 3.7%
AED 13,109

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