2603, Park Gate Residences 1
Sold prices and rental history: sold twice, last in January 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2603, Park Gate Residences 1
What is 2603 worth today?
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Source: Dubai Land Department. Updated 22 January 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,060 sqft
- Floor
- 26th of 27
- Parking
- AB2-111, AB2-112
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 4M · January 2024
- Building
- Park Gate Residences 1
About 2603, Park Gate Residences 1
2603 is a three-bedroom apartment of 2,060 sqft on the 26th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 22 January 2024 for AED 4,000,000, or AED 1,941 per sqft, 10% above the AED 1,760 three-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 4 May 2023, is AED 160,000 a year: a gross yield of 4.0% on the 2024 price.
Sales and rents for 2603 over time
2603 has sold twice; 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 2603 sits
All 49 3-beds →2603 last sold in January 2024 at AED 1,941 per sqft, 10% above what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,760). 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. 2603's AED 160,000 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 26th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2601 | 3-bed | 2,060 sqft | AED 3.63MAED 3,632,777 · Jul 2022July 2022 | 240,000 /yr | |
| 2602 | 1-bed | 995 sqft | AED 2MAED 2,000,000 · Apr 2025April 2025 | ||
| 2604 | 3-bed | 2,162 sqft | AED 3.22MAED 3,218,000 · Mar 2018March 2018 | ||
| 2605 | 3-bed | 2,155 sqft | AED 3.16MAED 3,162,777 · Sep 2021September 2021 | ||
| 2606 | 1-bed | 987 sqft | AED 1.66MAED 1,663,777 · Apr 2022April 2022 | ||
| 2607 | 3-bed | 2,155 sqft | AED 3.27MAED 3,270,777 · Jul 2022July 2022 | ||
| 2608 | 3-bed | 2,163 sqft | AED 3.05MAED 3,050,000 · Feb 2022February 2022 | 155,000 /yr |
2603, Park Gate Residences 1 in numbers
- Sold twice: first on 27 September 2020 for AED 3,442,777, last on 22 January 2024 for AED 4,000,000 (AED 1,941 per sqft).
- Rented since May 2021 on 3 Ejari contracts, from AED 145,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2024 price is 4.0%.
- 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 22 January 2024.
Questions about 2603, Park Gate Residences 1
What did unit 2603 last sell for?
AED 4,000,000 on 22 January 2024: AED 1,941 per sqft for 2,060 sqft. The unit has 2 registered sales; the first was AED 3,442,777 in September 2020.
What is the rent for unit 2603?
AED 160,000 a year on the contract renewed on 4 May 2023. The previous contract, from May 2022, was AED 158,720; the unit has been rented since May 2021.
How big is unit 2603?
2,060 sqft (191.4 sqm): a three-bedroom apartment on the 26th floor of a 27-storey tower completed in 2020.
What is unit 2603 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 2603, Park Gate Residences 1
Starts from the last sale price (AED 4M, 22 January 2024). 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 →