1-bed · 987 sqftPark Gate Residences 2, Al Kifaf · 13th floor · completed 2020

1307, Park Gate Residences 2

Sold prices and rental history: sold twice, last in December 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1307 · DLD and Ejari recordsUpdated 11 December 2023
Last soldAED 2M11 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1307, Park Gate Residences 2

What is 1307 worth today?

Last sold for AED 2,000,777 in 2023

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11 Dec 2023SoldReady
AED 2,000,777AED 2,026 per sqft
6 Jun 2022Sold by developerReady
AED 1,629,777AED 1,650 per sqft

Source: Dubai Land Department. Updated 11 December 2023.

Key facts

Type
1-bed apartment
Size
987 sqft
Floor
13th of 20
Parking
AB1-003
Developer
Wasl
Completed
2020
Last sold
AED 2M · December 2023

About 1307, Park Gate Residences 2

1307 is a one-bedroom apartment of 987 sqft on the 13th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 11 December 2023 for AED 2,000,777, or AED 2,026 per sqft, 12% above the AED 1,814 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1307 over time

Sales
Unit 1307, each saleTypical one-bed in Park Gate Residences 2
1.6M1.8M2M2019202120232025Typical sale price by year: 2019 AED 1,638,777; 2022 AED 1,719,777; 2023 AED 1,791,777; 2024 AED 1,795,889; 2025 AED 1,800,000Sold by developer, June 2022: AED 1,629,777 (AED 1,650 per sqft)Sold, December 2023: AED 2,000,777 (AED 2,026 per sqft)

1307 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1307, each contractTypical one-bed in Park Gate Residences 2
100K120K202220242026Typical rent by year: 2022 AED 95,000; 2023 AED 100,000; 2024 AED 110,000; 2025 AED 117,500; 2026 AED 120,000

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 2, and where 1307 sits

All 34 1-beds →

1307 last sold in December 2023 at AED 2,026 per sqft, 12% above what one-beds in Park Gate Residences 2 were fetching at the time (AED 1,814). Over the last 12 months one-beds sold for AED 1,650,000 to 2,200,000, around AED 1,823 per sqft, and rent for AED 80,000 to 136,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Aug 20262,200,000
9 Jul 20261,650,000
17 Dec 20251,800,000
26 Jun 20251,940,000
3 1-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 13th floor

All 163 units in Park Gate Residences 2
Value
13012-bedAED 2.84M · Apr 2022
13021-bedAED 1.8M · Jan 2022
13032-bedAED 3.15M · Oct 2023
13042-bedAED 2.1M · Sep 2021
13052-bedAED 1.98M · Aug 2020
13062-bedAED 2.15M · Jul 2022
13082-bedAED 2.18M · Sep 2023
1–7 of 9

1307, Park Gate Residences 2 in numbers

  • Sold twice: first on 6 June 2022 for AED 1,629,777, last on 11 December 2023 for AED 2,000,777 (AED 2,026 per sqft).
  • One-beds in Park Gate Residences 2 sold for AED 1,650,000–2,200,000 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 11 December 2023.

Questions about 1307, Park Gate Residences 2

What did unit 1307 last sell for?

AED 2,000,777 on 11 December 2023: AED 2,026 per sqft for 987 sqft. The unit has 2 registered sales; the first was AED 1,629,777 in June 2022.

How big is unit 1307?

987 sqft (91.7 sqm): a one-bedroom apartment on the 13th floor of a 20-storey tower completed in 2020.

What is unit 1307 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 2 sold for AED 1,650,000 to 2,200,000 in the last 12 months, around AED 1,823 per sqft.

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Mortgage on 1307, Park Gate Residences 2

Starts from the last sale price (AED 2M, 11 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,777
Deposit, UAE resident (20%)
AED 400,155
Deposit, non-resident (40%)
AED 800,311
Monthly over 25 years at 3.7%
AED 8,186

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