1602, Park Gate Residences 2
Sold prices and rental history: sold once, by the developer in April 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Park Gate Residences 2
What is 1602 worth today?
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Source: Dubai Land Department. Updated 20 April 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 994 sqft
- Floor
- 16th of 20
- Parking
- AB2-053
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.8M · April 2022
- Building
- Park Gate Residences 2
About 1602, Park Gate Residences 2
1602 is a one-bedroom apartment of 994 sqft on the 16th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 20 April 2022 for AED 1,798,777, or AED 1,809 per sqft, in line with the AED 1,808 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1602 over time
1602 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 1602 sits
All 34 1-beds →1602 last sold in April 2022 at AED 1,809 per sqft, in line with what one-beds in Park Gate Residences 2 were fetching at the time (AED 1,808). 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 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 16th floor
All 163 units in Park Gate Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,571 sqft | AED 2.76MAED 2,756,777 · Apr 2022April 2022 | 220,000 /yr | |
| 1603 | 2-bed | 1,478 sqft | AED 2.76MAED 2,757,777 · Apr 2022April 2022 | ||
| 1604 | 2-bed | 1,548 sqft | AED 2.11MAED 2,111,777 · Apr 2022April 2022 | ||
| 1605 | 2-bed | 1,617 sqft | AED 2.17MAED 2,172,777 · Apr 2022April 2022 | ||
| 1606 | 2-bed | 1,554 sqft | AED 2.13MAED 2,133,777 · Apr 2022April 2022 | 165,000 /yr | |
| 1607 | 1-bed | 987 sqft | AED 1.59MAED 1,586,777 · Apr 2022April 2022 | ||
| 1608 | 2-bed | 1,632 sqft | AED 2.13MAED 2,134,777 · Apr 2022April 2022 | ||
| 1609 | 2-bed | 1,616 sqft | AED 2.19MAED 2,193,777 · Apr 2022April 2022 | ||
| 1610 | 2-bed | 1,549 sqft | AED 2.13MAED 2,131,777 · Apr 2022April 2022 |
1602, Park Gate Residences 2 in numbers
- Sold once: by Wasl on 20 April 2022 for AED 1,798,777, or AED 1,809 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 20 April 2022.
Questions about 1602, Park Gate Residences 2
What did unit 1602 last sell for?
AED 1,798,777 on 20 April 2022, sold by the developer: AED 1,809 per sqft for 994 sqft. It is the only registered sale of the unit.
How big is unit 1602?
994 sqft (92.3 sqm): a one-bedroom apartment on the 16th floor of a 20-storey tower completed in 2020.
What is unit 1602 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 1602, Park Gate Residences 2
Starts from the last sale price (AED 1.8M, 20 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,798,777
- Deposit, UAE resident (20%)
- AED 359,755
- Deposit, non-resident (40%)
- AED 719,511
- Monthly over 25 years at 3.7%
- AED 7,359
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →