1506, Park Gate Residences 2
Sold prices and rental history: sold twice, last in August 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Park Gate Residences 2
What is 1506 worth today?
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Source: Dubai Land Department. Updated 25 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,631 sqft
- Floor
- 15th of 20
- Parking
- AB2-025
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.21M · August 2022
- Building
- Park Gate Residences 2
About 1506, Park Gate Residences 2
1506 is a two-bedroom apartment of 1,631 sqft on the 15th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 17 August 2022 for AED 2,209,777, or AED 1,354 per sqft, in line with the AED 1,388 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 25 November 2025, is AED 157,000 a year: a gross yield of 7.1% on the 2022 price.
Sales and rents for 1506 over time
1506 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 1506 sits
All 125 2-beds →1506 last sold in August 2022 at AED 1,354 per sqft, in line with what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,388). 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. 1506's AED 157,000 is in the upper 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 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 | ||
| 1502 | 1-bed | 994 sqft | AED 1.87MAED 1,868,777 · Oct 2023October 2023 | 105,000 /yr | |
| 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 | ||
| 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 |
1506, Park Gate Residences 2 in numbers
- Sold twice: first on 7 June 2022 for AED 2,209,777, last on 17 August 2022 for AED 2,209,777 (AED 1,354 per sqft).
- Rented since December 2022 on 5 Ejari contracts, from AED 130,000 to AED 157,000 a year.
- At AED 157,000 a year the gross yield on the 2022 price is 7.1%.
- 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 25 November 2025.
Questions about 1506, Park Gate Residences 2
What did unit 1506 last sell for?
AED 2,209,777 on 17 August 2022: AED 1,354 per sqft for 1,631 sqft. The unit has 2 registered sales; the first was AED 2,209,777 in June 2022.
What is the rent for unit 1506?
AED 157,000 a year on the contract renewed on 25 November 2025. The previous contract, from November 2025, was AED 157,000; the unit has been rented since December 2022.
How big is unit 1506?
1,631 sqft (151.5 sqm): a two-bedroom apartment on the 15th floor of a 20-storey tower completed in 2020.
What is unit 1506 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 1506, Park Gate Residences 2
Starts from the last sale price (AED 2.21M, 17 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,209,777
- Deposit, UAE resident (20%)
- AED 441,955
- Deposit, non-resident (40%)
- AED 883,911
- Monthly over 25 years at 3.7%
- AED 9,041
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →