1508, Park Gate Residences 2
Sold prices and rental history: sold once, by the developer in May 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 1508, Park Gate Residences 2
What is 1508 worth today?
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Source: Dubai Land Department. Updated 5 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,632 sqft
- Floor
- 15th of 20
- Parking
- AB2-093
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.17M · May 2022
- Building
- Park Gate Residences 2
About 1508, Park Gate Residences 2
1508 is a two-bedroom apartment of 1,632 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 12 May 2022 for AED 2,168,777, or AED 1,328 per sqft, 5% below the AED 1,395 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 5 August 2026, is AED 130,000 a year: a gross yield of 6.0% on the 2022 price.
Sales and rents for 1508 over time
1508 has sold once; 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 1508 sits
All 125 2-beds →1508 last sold in May 2022 at AED 1,328 per sqft, 5% below what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,395). 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. 1508's AED 130,000 is in the lower 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 | ||
| 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 | ||
| 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 |
1508, Park Gate Residences 2 in numbers
- Sold once: by Wasl on 12 May 2022 for AED 2,168,777, or AED 1,328 per sqft.
- Rented since June 2022 on 4 Ejari contracts, from AED 120,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2022 price is 6.0%.
- 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 5 August 2026.
Questions about 1508, Park Gate Residences 2
What did unit 1508 last sell for?
AED 2,168,777 on 12 May 2022, sold by the developer: AED 1,328 per sqft for 1,632 sqft. It is the only registered sale of the unit.
What is the rent for unit 1508?
AED 130,000 a year on the contract signed on 5 August 2026. The previous contract, from May 2024, was AED 133,000; the unit has been rented since June 2022.
How big is unit 1508?
1,632 sqft (151.6 sqm): a two-bedroom apartment on the 15th floor of a 20-storey tower completed in 2020.
What is unit 1508 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 1508, Park Gate Residences 2
Starts from the last sale price (AED 2.17M, 12 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,168,777
- Deposit, UAE resident (20%)
- AED 433,755
- Deposit, non-resident (40%)
- AED 867,511
- Monthly over 25 years at 3.7%
- AED 8,873
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →