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5-bed · 4,359 sqftPark Gate Residences 1, Al Kifaf · 3rd floor · completed 2020

V1, Park Gate Residences 1

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit V1 · DLD and Ejari recordsUpdated 15 May 2025
Last soldAED 11.88M20 December 2024
Current rentAED 125K /yr15 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V1, Park Gate Residences 1

What is V1 worth today?

Last sold for AED 11,880,000 in 2024

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15 May 2025RentedNew contract · flagged as an outlier
AED 125,000/yr12 months · AED 29 per sqft
15 May 2025RentedNew contract
AED 125,000/yr12 months · AED 29 per sqft
20 Dec 2024SoldReady
AED 11,880,000AED 2,725 per sqft
18 Nov 2024RentedNew contract
AED 535,651/yr72 months · AED 123 per sqft
17 Mar 2022RentedNew contract
AED 150,000/yr24 months · AED 34 per sqft
2 Mar 2022Sold by developerReady
AED 7,150,777AED 1,640 per sqft

Source: Dubai Land Department. Updated 15 May 2025.

Key facts

Type
5-bed apartment
Size
4,359 sqft
Floor
3rd of 27
Parking
AB3-003, AB3-004, AB3-005
Developer
Wasl
Completed
2020
Last sold
AED 11.88M · December 2024
Building
Park Gate Residences 1

About V1, Park Gate Residences 1

V1 is a five-bedroom apartment of 4,359 sqft on the 3rd floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 20 December 2024 for AED 11,880,000, or AED 2,725 per sqft.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 15 May 2025, is AED 125,000 a year: a gross yield of 1.1% on the 2024 price.

5-beds in Park Gate Residences 1, and where V1 sits

All 1 5-beds →
0 5-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 →

V1, Park Gate Residences 1 in numbers

  • Sold twice: first on 2 March 2022 for AED 7,150,777, last on 20 December 2024 for AED 11,880,000 (AED 2,725 per sqft).
  • Rented since March 2022 on 4 Ejari contracts, from AED 150,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2024 price is 1.1%.

Source: Dubai Land Department. Updated 15 May 2025.

Questions about V1, Park Gate Residences 1

What did unit V1 last sell for?

AED 11,880,000 on 20 December 2024: AED 2,725 per sqft for 4,359 sqft. The unit has 2 registered sales; the first was AED 7,150,777 in March 2022.

What is the rent for unit V1?

AED 125,000 a year on the contract signed on 15 May 2025. The previous contract, from May 2025, was AED 125,000; the unit has been rented since March 2022.

How big is unit V1?

4,359 sqft (405.0 sqm): a five-bedroom apartment on the 3rd floor of a 27-storey tower completed in 2020.

What is unit V1 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on V1, Park Gate Residences 1

Starts from the last sale price (AED 11.88M, 20 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 11,880,000
Deposit, UAE resident (20%)
AED 2,376,000
Deposit, non-resident (40%)
AED 4,752,000
Monthly over 25 years at 3.7%
AED 48,605

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