708, Park Gate Residences 1
Sold prices and rental history: sold 3 times, last in April 2025, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, Park Gate Residences 1
What is 708 worth today?
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Source: Dubai Land Department. Updated 29 May 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,557 sqft
- Floor
- 7th of 27
- Parking
- B2-134
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.8M · April 2025
- Building
- Park Gate Residences 1
About 708, Park Gate Residences 1
708 is a two-bedroom apartment of 1,557 sqft on the 7th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 30 April 2025 for AED 2,800,000, or AED 1,798 per sqft, 3% above the AED 1,740 two-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, signed on 29 May 2026, is AED 140,000 a year: a gross yield of 5.0% on the 2025 price.
Sales and rents for 708 over time
708 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 708 sits
All 108 2-beds →708 last sold in April 2025 at AED 1,798 per sqft, 3% above what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,740). 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. 708's AED 140,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Oct 20261 October 2026 | 1,611 sqft | 3,400,000 | 2,111 | ||
| 11 Aug 202611 August 2026 | 1,554 sqft | 3,025,000 | 1,946 | ||
| 27 Nov 202527 November 2025 | 1,634 sqft | 2,750,000 | 1,683 | ||
| 18 Nov 202518 November 2025 | 1,635 sqft | 3,000,000 | 1,835 |
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 | ||
| 707 | 1-bed | 987 sqft | AED 1.54MAED 1,542,777 · May 2023May 2023 | 100,000 /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 |
708, Park Gate Residences 1 in numbers
- Sold 3 times: first on 17 May 2022 for AED 2,013,777, last on 30 April 2025 for AED 2,800,000 (AED 1,798 per sqft).
- Rented since May 2023 on 5 Ejari contracts, from AED 145,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2025 price is 5.0%.
- 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 29 May 2026.
Questions about 708, Park Gate Residences 1
What did unit 708 last sell for?
AED 2,800,000 on 30 April 2025: AED 1,798 per sqft for 1,557 sqft. The unit has 3 registered sales; the first was AED 2,013,777 in May 2022.
What is the rent for unit 708?
AED 140,000 a year on the contract signed on 29 May 2026. The previous contract, from March 2026, was AED 156,047; the unit has been rented since May 2023.
How big is unit 708?
1,557 sqft (144.7 sqm): a two-bedroom apartment on the 7th floor of a 27-storey tower completed in 2020.
What is unit 708 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 708, Park Gate Residences 1
Starts from the last sale price (AED 2.8M, 30 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,800,000
- Deposit, UAE resident (20%)
- AED 560,000
- Deposit, non-resident (40%)
- AED 1,120,000
- Monthly over 25 years at 3.7%
- AED 11,456
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →