1502, Park Gate Residences 2
Sold prices and rental history: sold once, by the developer in October 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Park Gate Residences 2
What is 1502 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 994 sqft
- Floor
- 15th of 20
- Parking
- AB2-054
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.87M · October 2023
- Building
- Park Gate Residences 2
About 1502, Park Gate Residences 2
1502 is a one-bedroom apartment of 994 sqft on the 15th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 6 October 2023 for AED 1,868,777, or AED 1,879 per sqft, 11% above the AED 1,700 one-beds in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 1 September 2026, is AED 105,000 a year: a gross yield of 5.6% on the 2023 price.
Sales and rents for 1502 over time
1502 has sold once; the dashed line is the one-bed median of each year in the building.
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 1502 sits
All 34 1-beds →1502 last sold in October 2023 at AED 1,879 per sqft, 11% above what one-beds in Park Gate Residences 2 were fetching at the time (AED 1,700). 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. 1502's AED 105,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Aug 202621 August 2026 | 994 sqft | 2,200,000 | 2,212 | ||
| 9 Jul 20269 July 2026 | 987 sqft | 1,650,000 | 1,671 | ||
| 17 Dec 202517 December 2025 | 987 sqft | 1,800,000 | 1,823 | ||
| 26 Jun 202526 June 2025 | 992 sqft | 1,940,000 | 1,955 |
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 15th floor
All 163 units in Park Gate Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,571 sqft | AED 2.74MAED 2,744,761 · Jun 2021June 2021 | ||
| 1503 | 2-bed | 1,571 sqft | AED 3.25MAED 3,250,000 · Nov 2024November 2024 | ||
| 1504 | 2-bed | 1,548 sqft | AED 2.16MAED 2,161,777 · Mar 2022March 2022 | ||
| 1505 | 2-bed | 1,617 sqft | AED 2.17MAED 2,172,777 · Jun 2021June 2021 | ||
| 1506 | 2-bed | 1,631 sqft | AED 2.21MAED 2,209,777 · Aug 2022August 2022 | 157,000 /yr | |
| 1507 | 1-bed | 987 sqft | AED 1.79MAED 1,791,777 · Oct 2024October 2024 | ||
| 1508 | 2-bed | 1,632 sqft | AED 2.17MAED 2,168,777 · May 2022May 2022 | 130,000 /yr | |
| 1509 | 2-bed | 1,616 sqft | AED 2.19MAED 2,190,777 · Apr 2021April 2021 | 150,000 /yr | |
| 1510 | 2-bed | 1,549 sqft | AED 2.9MAED 2,900,000 · Jun 2025June 2025 |
1502, Park Gate Residences 2 in numbers
- Sold once: by Wasl on 6 October 2023 for AED 1,868,777, or AED 1,879 per sqft.
- Rented since September 2024 on 3 Ejari contracts. The rent fell from AED 110,000 to AED 95,000 in 2025 and recovered to AED 105,000 by September 2026.
- At AED 105,000 a year the gross yield on the 2023 price is 5.6%.
- 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 1 September 2026.
Questions about 1502, Park Gate Residences 2
What did unit 1502 last sell for?
AED 1,868,777 on 6 October 2023, sold by the developer: AED 1,879 per sqft for 994 sqft. It is the only registered sale of the unit.
What is the rent for unit 1502?
AED 105,000 a year on the contract signed on 1 September 2026. The previous contract, from September 2025, was AED 95,000; the unit has been rented since September 2024.
How big is unit 1502?
994 sqft (92.3 sqm): a one-bedroom apartment on the 15th floor of a 20-storey tower completed in 2020.
What is unit 1502 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 1502, Park Gate Residences 2
Starts from the last sale price (AED 1.87M, 6 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,868,777
- Deposit, UAE resident (20%)
- AED 373,755
- Deposit, non-resident (40%)
- AED 747,511
- Monthly over 25 years at 3.7%
- AED 7,646
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →