2-bed · 1,554 sqftPark Gate Residences 2, Al Kifaf · 13th floor · completed 2020

1308, Park Gate Residences 2

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

Unit 1308 · DLD and Ejari recordsUpdated 21 September 2023
Last soldAED 2.18M21 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1308, Park Gate Residences 2

What is 1308 worth today?

Last sold for AED 2,176,777 in 2023

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21 Sep 2023SoldReady
AED 2,176,777AED 1,400 per sqft
8 Jun 2022Sold by developerReady
AED 2,176,777AED 1,400 per sqft

Source: Dubai Land Department. Updated 21 September 2023.

Key facts

Type
2-bed apartment
Size
1,554 sqft
Floor
13th of 20
Parking
AB1-006
Developer
Wasl
Completed
2020
Last sold
AED 2.18M · September 2023

About 1308, Park Gate Residences 2

1308 is a two-bedroom apartment of 1,554 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 21 September 2023 for AED 2,176,777, or AED 1,400 per sqft, 5% below the AED 1,469 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1308 over time

Sales
Unit 1308, 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, June 2022: AED 2,176,777 (AED 1,400 per sqft)Sold, September 2023: AED 2,176,777 (AED 1,400 per sqft)

1308 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1308, 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 1308 sits

All 125 2-beds →

1308 last sold in September 2023 at AED 1,400 per sqft, 5% below what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,469). 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 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
13071-bedAED 2M · Dec 2023
1–7 of 9

1308, Park Gate Residences 2 in numbers

  • Sold twice: first on 8 June 2022 for AED 2,176,777, last on 21 September 2023 for AED 2,176,777 (AED 1,400 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 21 September 2023.

Questions about 1308, Park Gate Residences 2

What did unit 1308 last sell for?

AED 2,176,777 on 21 September 2023: AED 1,400 per sqft for 1,554 sqft. The unit has 2 registered sales; the first was AED 2,176,777 in June 2022.

How big is unit 1308?

1,554 sqft (144.4 sqm): a two-bedroom apartment on the 13th floor of a 20-storey tower completed in 2020.

What is unit 1308 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 1308, Park Gate Residences 2

Starts from the last sale price (AED 2.18M, 21 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,176,777
Deposit, UAE resident (20%)
AED 435,355
Deposit, non-resident (40%)
AED 870,711
Monthly over 25 years at 3.7%
AED 8,906

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