707, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in May 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 707, Park Gate Residences 1
What is 707 worth today?
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Source: Dubai Land Department. Updated 5 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 987 sqft
- Floor
- 7th of 27
- Parking
- B2-008
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.54M · May 2023
- Building
- Park Gate Residences 1
About 707, Park Gate Residences 1
707 is a one-bedroom apartment of 987 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 8 May 2023 for AED 1,542,777, or AED 1,563 per sqft, 5% below the AED 1,643 one-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 5 February 2025, is AED 100,000 a year: a gross yield of 6.5% on the 2023 price.
Sales and rents for 707 over time
707 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 707 sits
All 44 1-beds →707 last sold in May 2023 at AED 1,563 per sqft, 5% below what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,643). 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. 707's AED 100,000 is in the lower 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 7th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,477 sqft | AED 2.63MAED 2,632,777 · Apr 2022April 2022 | ||
| 702 | 1-bed | 994 sqft | AED 1.62MAED 1,615,777 · Jun 2023June 2023 | ||
| 703 | 2-bed | 1,571 sqft | AED 2.42MAED 2,422,000 · Sep 2019September 2019 | ||
| 704 | 2-bed | 1,553 sqft | AED 1.94MAED 1,939,000 · Apr 2018April 2018 | ||
| 705 | 2-bed | 1,528 sqft | AED 2.03MAED 2,030,000 · Apr 2018April 2018 | 140,000 /yr | |
| 706 | 2-bed | 1,634 sqft | AED 2.75MAED 2,750,000 · Nov 2025November 2025 | ||
| 708 | 2-bed | 1,557 sqft | AED 2.8MAED 2,800,000 · Apr 2025April 2025 | 140,000 /yr | |
| 709 | 2-bed | 1,527 sqft | AED 1.99MAED 1,990,000 · Jul 2018July 2018 | ||
| 710 | 2-bed | 1,554 sqft | AED 2.04MAED 2,040,777 · Jun 2021June 2021 |
707, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 8 May 2023 for AED 1,542,777, or AED 1,563 per sqft.
- Rented since October 2023 on 3 Ejari contracts, from AED 93,000 to AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2023 price is 6.5%.
- 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 5 February 2025.
Questions about 707, Park Gate Residences 1
What did unit 707 last sell for?
AED 1,542,777 on 8 May 2023, sold by the developer: AED 1,563 per sqft for 987 sqft. It is the only registered sale of the unit.
What is the rent for unit 707?
AED 100,000 a year on the contract signed on 5 February 2025. The previous contract, from February 2025, was AED 100,000; the unit has been rented since October 2023.
How big is unit 707?
987 sqft (91.7 sqm): a one-bedroom apartment on the 7th floor of a 27-storey tower completed in 2020.
What is unit 707 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 707, Park Gate Residences 1
Starts from the last sale price (AED 1.54M, 8 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,542,777
- Deposit, UAE resident (20%)
- AED 308,555
- Deposit, non-resident (40%)
- AED 617,111
- Monthly over 25 years at 3.7%
- AED 6,312
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →