2-bed · 1,616 sqftPark Gate Residences 2, Al Kifaf · 12th floor · completed 2020

1209, Park Gate Residences 2

Sold prices and rental history: sold once, by the developer in September 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1209 · DLD and Ejari recordsUpdated 10 September 2019
Last soldAED 1.97M10 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1209, Park Gate Residences 2

What is 1209 worth today?

Last sold for AED 1,972,777 in 2019

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10 Sep 2019Sold by developerOff-plan
AED 1,972,777AED 1,220 per sqft

Source: Dubai Land Department. Updated 10 September 2019.

Key facts

Type
2-bed apartment
Size
1,616 sqft
Floor
12th of 20
Parking
AB1-028
Developer
Wasl
Completed
2020
Last sold
AED 1.97M · September 2019

About 1209, Park Gate Residences 2

1209 is a two-bedroom apartment of 1,616 sqft on the 12th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 10 September 2019 for AED 1,972,777, or AED 1,220 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1209 over time

Sales
Unit 1209, each saleTypical two-bed in Park Gate Residences 2
2M2.5M3M20192021202320252027Typical sale price by year: 2019 AED 1,953,777; 2020 AED 2,017,277; 2021 AED 2,114,777; 2022 AED 2,230,777; 2023 AED 2,750,000; 2024 AED 2,714,000; 2025 AED 2,900,581; 2026 AED 2,925,000Sold by developer, September 2019: AED 1,972,777 (AED 1,220 per sqft)

1209 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1209, each contractTypical two-bed in Park Gate Residences 2
100K150K2021202320252027Typical rent by year: 2021 AED 84,000; 2022 AED 120,000; 2023 AED 130,000; 2024 AED 145,000; 2025 AED 157,000; 2026 AED 147,500

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 1209 sits

All 125 2-beds →

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.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Sep 20263,260,000
1 Sep 20262,800,000
19 May 20262,800,000
29 Apr 20262,400,000
9 2-bed sales in the last 12 months

Park Gate Residences 2

Building

163 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%
Park Gate Residences 2, Al Kifaf: prices, sales and rents →

Other units on the 12th floor

All 163 units in Park Gate Residences 2
Value
12012-bedAED 2.58M · Sep 2019
12021-bedAED 1.67M · Sep 2019
12032-bedAED 2.76M · Jun 2021
12042-bedAED 2.09M · Apr 2021
12052-bedAED 1.97M · Sep 2020
12062-bedAED 1.88M · Sep 2019
12071-bedAED 1.71M · Nov 2022
1–7 of 9

1209, Park Gate Residences 2 in numbers

  • Sold once: by Wasl on 10 September 2019 for AED 1,972,777, or AED 1,220 per sqft.
  • 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 10 September 2019.

Questions about 1209, Park Gate Residences 2

What did unit 1209 last sell for?

AED 1,972,777 on 10 September 2019, sold by the developer: AED 1,220 per sqft for 1,616 sqft. It is the only registered sale of the unit.

How big is unit 1209?

1,616 sqft (150.1 sqm): a two-bedroom apartment on the 12th floor of a 20-storey tower completed in 2020.

What is unit 1209 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 1209, Park Gate Residences 2

Starts from the last sale price (AED 1.97M, 10 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,972,777
Deposit, UAE resident (20%)
AED 394,555
Deposit, non-resident (40%)
AED 789,111
Monthly over 25 years at 3.7%
AED 8,071

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