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2-bed · 1,528 sqftPark Gate Residences 1, Al Kifaf · 7th floor · completed 2020

705, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in April 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 7 September 2025
Last soldAED 2.03M11 April 2018
Current rentAED 140K /yr7 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, Park Gate Residences 1

What is 705 worth today?

Last sold for AED 2,030,000 in 2018

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7 Sep 2025RentedRenewal
AED 140,000/yr12 months · AED 92 per sqft
7 Sep 2025RentedRenewal
AED 140,000/yr12 months · AED 92 per sqft
7 Sep 2024RentedRenewal
AED 140,000/yr12 months · AED 92 per sqft
7 Sep 2023RentedNew contract
AED 140,000/yr12 months · AED 92 per sqft
10 Jun 2021RentedNew contract
AED 85,000/yr12 months · AED 56 per sqft
11 Apr 2018Sold by developerOff-plan
AED 2,030,000AED 1,328 per sqft

Source: Dubai Land Department. Updated 7 September 2025.

Key facts

Type
2-bed apartment
Size
1,528 sqft
Floor
7th of 27
Parking
B2-126
Developer
Wasl
Completed
2020
Last sold
AED 2.03M · April 2018
Building
Park Gate Residences 1

About 705, Park Gate Residences 1

705 is a two-bedroom apartment of 1,528 sqft on the 7th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 11 April 2018 for AED 2,030,000, or AED 1,328 per sqft, 8% above the AED 1,234 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 7 September 2025, is AED 140,000 a year: a gross yield of 6.9% on the 2018 price.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical two-bed in Park Gate Residences 1
2M2.5M20182020202220242026Typical sale price by year: 2018 AED 1,983,000; 2019 AED 2,427,777; 2020 AED 2,026,277; 2021 AED 2,087,777; 2022 AED 2,187,777; 2023 AED 2,500,000; 2024 AED 2,800,000; 2025 AED 2,812,500Sold by developer, April 2018: AED 2,030,000 (AED 1,328 per sqft)

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

Rents
Unit 705, each contractTypical two-bed in Park Gate Residences 1
100K150K2021202320252027Typical rent by year: 2021 AED 92,000; 2022 AED 110,000; 2023 AED 133,000; 2024 AED 142,000; 2025 AED 155,000; 2026 AED 155,000New contract, June 2021: AED 85,000 a yearNew contract, September 2023: AED 140,000 a yearRenewal, September 2024: AED 140,000 a yearRenewal, September 2025: AED 140,000 a yearRenewal, September 2025: AED 140,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Park Gate Residences 1, and where 705 sits

All 108 2-beds →

705 last sold in April 2018 at AED 1,328 per sqft, 8% above what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,234). Over the last 12 months two-beds sold for AED 2,750,000 to 3,400,000, around AED 1,891 per sqft, and rent for AED 126,000 to 210,000 a year. 705's AED 140,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Oct 20263,400,000
11 Aug 20263,025,000
27 Nov 20252,750,000
18 Nov 20253,000,000
4 2-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 7th floor

All 204 units in Park Gate Residences 1
Value
7012-bedAED 2.63M · Apr 2022
7021-bedAED 1.62M · Jun 2023
7032-bedAED 2.42M · Sep 2019
7042-bedAED 1.94M · Apr 2018
7062-bedAED 2.75M · Nov 2025
7071-bedAED 1.54M · May 2023
7082-bedAED 2.8M · Apr 2025
1–7 of 9

705, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 11 April 2018 for AED 2,030,000, or AED 1,328 per sqft.
  • Rented since June 2021 on 5 Ejari contracts, from AED 85,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2018 price is 6.9%.
  • Two-beds in Park Gate Residences 1 sold for AED 2,750,000–3,400,000 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 7 September 2025.

Questions about 705, Park Gate Residences 1

What did unit 705 last sell for?

AED 2,030,000 on 11 April 2018, sold by the developer: AED 1,328 per sqft for 1,528 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 140,000 a year on the contract renewed on 7 September 2025. The previous contract, from September 2025, was AED 140,000; the unit has been rented since June 2021.

How big is unit 705?

1,528 sqft (142.0 sqm): a two-bedroom apartment on the 7th floor of a 27-storey tower completed in 2020.

What is unit 705 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Gate Residences 1 sold for AED 2,750,000 to 3,400,000 in the last 12 months, around AED 1,891 per sqft.

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Mortgage on 705, Park Gate Residences 1

Starts from the last sale price (AED 2.03M, 11 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,030,000
Deposit, UAE resident (20%)
AED 406,000
Deposit, non-resident (40%)
AED 812,000
Monthly over 25 years at 3.7%
AED 8,305

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