1006, Park Gate Residences 2
Sold prices and rental history: sold twice, last in March 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1006, Park Gate Residences 2
What is 1006 worth today?
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Source: Dubai Land Department. Updated 7 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,631 sqft
- Floor
- 10th of 20
- Parking
- B1-173
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.75M · March 2024
- Building
- Park Gate Residences 2
About 1006, Park Gate Residences 2
1006 is a two-bedroom apartment of 1,631 sqft on the 10th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 7 March 2024 for AED 2,750,000, or AED 1,685 per sqft, 6% above the AED 1,589 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 30 September 2023, is AED 125,000 a year: a gross yield of 4.5% on the 2024 price.
Sales and rents for 1006 over time
1006 has sold twice; 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 2, and where 1006 sits
All 125 2-beds →1006 last sold in March 2024 at AED 1,685 per sqft, 6% above what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,589). Over the last 12 months two-beds sold for AED 2,400,000 to 3,300,000, around AED 1,856 per sqft, and rent for AED 120,000 to 186,555 a year. 1006's AED 125,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Sep 202618 September 2026 | 1,571 sqft | 3,260,000 | 2,075 | ||
| 1 Sep 20261 September 2026 | 1,631 sqft | 2,800,000 | 1,716 | ||
| 19 May 202619 May 2026 | 1,633 sqft | 2,800,000 | 1,714 | ||
| 29 Apr 202629 April 2026 | 1,630 sqft | 2,400,000 | 1,472 |
Park Gate Residences 2
Building163 apartments, 1-bed to 4-bed over 20 floors in Al Kifaf, completed in 2020 by Wasl. 12 sold in the last 12 months.
- Typical price per sqft
- AED 1,840 Up 3.5%
- Typical sale
- AED 2.83M
- Typical rent
- AED 148K /yr
- Typical yield
- 5.2%
Other units on the 10th floor
All 163 units in Park Gate Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 1,571 sqft | AED 2.88MAED 2,875,777 · Mar 2022March 2022 | ||
| 1002 | 1-bed | 994 sqft | AED 1.86MAED 1,863,777 · Mar 2022March 2022 | ||
| 1003 | 2-bed | 1,571 sqft | AED 3.3MAED 3,300,000 · Jan 2026January 2026 | 150,000 /yr | |
| 1004 | 2-bed | 1,548 sqft | AED 2.29MAED 2,285,000 · Jun 2023June 2023 | 139,286 /yr | |
| 1005 | 2-bed | 1,617 sqft | AED 2.95MAED 2,950,000 · May 2025May 2025 | 145,000 /yr | |
| 1007 | 1-bed | 987 sqft | AED 1.8MAED 1,800,000 · Dec 2025December 2025 | 110,000 /yr | |
| 1008 | 2-bed | 1,632 sqft | AED 2.18MAED 2,180,777 · Mar 2022March 2022 | ||
| 1009 | 2-bed | 1,616 sqft | AED 2.95MAED 2,950,000 · Sep 2025September 2025 | 155,000 /yr | |
| 1010 | 2-bed | 1,549 sqft | AED 2.95MAED 2,950,000 · Nov 2025November 2025 | 145,000 /yr |
1006, Park Gate Residences 2 in numbers
- Sold twice: first on 11 May 2022 for AED 2,180,777, last on 7 March 2024 for AED 2,750,000 (AED 1,685 per sqft).
- Rented since September 2022 on 2 Ejari contracts, at AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2024 price is 4.5%.
- Two-beds in Park Gate Residences 2 sold for AED 2,400,000–3,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,840 per sqft.
Source: Dubai Land Department. Updated 7 March 2024.
Questions about 1006, Park Gate Residences 2
What did unit 1006 last sell for?
AED 2,750,000 on 7 March 2024: AED 1,685 per sqft for 1,631 sqft. The unit has 2 registered sales; the first was AED 2,180,777 in May 2022.
What is the rent for unit 1006?
AED 125,000 a year on the contract renewed on 30 September 2023. The previous contract, from September 2022, was AED 125,000.
How big is unit 1006?
1,631 sqft (151.5 sqm): a two-bedroom apartment on the 10th floor of a 20-storey tower completed in 2020.
What is unit 1006 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 2 sold for AED 2,400,000 to 3,300,000 in the last 12 months, around AED 1,856 per sqft.
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Mortgage on 1006, Park Gate Residences 2
Starts from the last sale price (AED 2.75M, 7 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,750,000
- Deposit, UAE resident (20%)
- AED 550,000
- Deposit, non-resident (40%)
- AED 1,100,000
- Monthly over 25 years at 3.7%
- AED 11,251
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →