1606, Park Gate Residences 2
Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, Park Gate Residences 2
What is 1606 worth today?
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Source: Dubai Land Department. Updated 9 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,554 sqft
- Floor
- 16th of 20
- Parking
- AB2-024
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.13M · April 2022
- Building
- Park Gate Residences 2
About 1606, Park Gate Residences 2
1606 is a two-bedroom apartment of 1,554 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 26 April 2022 for AED 2,133,777, or AED 1,373 per sqft, in line with the AED 1,391 two-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 9 September 2024, is AED 165,000 a year: a gross yield of 7.7% on the 2022 price.
Sales and rents for 1606 over time
1606 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 1606 sits
All 125 2-beds →1606 last sold in April 2022 at AED 1,373 per sqft, in line with what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,391). 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. 1606's AED 165,000 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 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 | |
| 1602 | 1-bed | 994 sqft | AED 1.8MAED 1,798,777 · Apr 2022April 2022 | ||
| 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 | ||
| 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 |
1606, Park Gate Residences 2 in numbers
- Sold once: by Wasl on 26 April 2022 for AED 2,133,777, or AED 1,373 per sqft.
- Rented since September 2024 on 2 Ejari contracts, at AED 165,000 a year.
- At AED 165,000 a year the gross yield on the 2022 price is 7.7%.
- 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 9 September 2024.
Questions about 1606, Park Gate Residences 2
What did unit 1606 last sell for?
AED 2,133,777 on 26 April 2022, sold by the developer: AED 1,373 per sqft for 1,554 sqft. It is the only registered sale of the unit.
What is the rent for unit 1606?
AED 165,000 a year on the contract signed on 9 September 2024. The previous contract, from September 2024, was AED 165,000.
How big is unit 1606?
1,554 sqft (144.4 sqm): a two-bedroom apartment on the 16th floor of a 20-storey tower completed in 2020.
What is unit 1606 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 1606, Park Gate Residences 2
Starts from the last sale price (AED 2.13M, 26 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,133,777
- Deposit, UAE resident (20%)
- AED 426,755
- Deposit, non-resident (40%)
- AED 853,511
- Monthly over 25 years at 3.7%
- AED 8,730
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →