1704, Park Gate Residences 2
Sold prices and rental history: sold twice, last in April 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1704, Park Gate Residences 2
What is 1704 worth today?
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Source: Dubai Land Department. Updated 29 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,548 sqft
- Floor
- 17th of 20
- Parking
- AB2-019
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.5M · April 2024
- Building
- Park Gate Residences 2
About 1704, Park Gate Residences 2
1704 is a two-bedroom apartment of 1,548 sqft on the 17th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 29 April 2024 for AED 2,500,000, or AED 1,614 per sqft, in line with the AED 1,614 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 25 May 2023, is AED 110,000 a year: a gross yield of 4.4% on the 2024 price.
Sales and rents for 1704 over time
1704 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 1704 sits
All 125 2-beds →1704 last sold in April 2024 at AED 1,614 per sqft, in line with what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,614). 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. 1704's AED 110,000 is at the bottom 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 17th floor
All 163 units in Park Gate Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 2-bed | 1,571 sqft | AED 3.26MAED 3,260,000 · Sep 2026September 2026 | 140,000 /yr | |
| 1702 | 1-bed | 994 sqft | AED 1.8MAED 1,798,777 · Jul 2022July 2022 | 120,000 /yr | |
| 1703 | 2-bed | 1,571 sqft | AED 2.91MAED 2,906,777 · Apr 2022April 2022 | 155,000 /yr | |
| 1705 | 2-bed | 1,617 sqft | AED 2.24MAED 2,235,777 · Apr 2022April 2022 | 155,000 /yr | |
| 1706 | 2-bed | 1,631 sqft | AED 2.19MAED 2,187,777 · Jul 2022July 2022 | 155,000 /yr | |
| 1707 | 1-bed | 987 sqft | AED 1.63MAED 1,627,777 · Jul 2022July 2022 | 107,000 /yr | |
| 1708 | 2-bed | 1,632 sqft | AED 2.19MAED 2,188,777 · Jul 2022July 2022 | 130,000 /yr | |
| 1709 | 2-bed | 1,616 sqft | AED 2.26MAED 2,256,777 · Apr 2022April 2022 | 155,000 /yr | |
| 1710 | 2-bed | 1,549 sqft | AED 2.2MAED 2,203,777 · Apr 2022April 2022 |
1704, Park Gate Residences 2 in numbers
- Sold twice: first on 13 April 2022 for AED 2,182,777, last on 29 April 2024 for AED 2,500,000 (AED 1,614 per sqft).
- Rented since May 2022 on 2 Ejari contracts, at AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2024 price is 4.4%.
- 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 29 April 2024.
Questions about 1704, Park Gate Residences 2
What did unit 1704 last sell for?
AED 2,500,000 on 29 April 2024: AED 1,614 per sqft for 1,548 sqft. The unit has 2 registered sales; the first was AED 2,182,777 in April 2022.
What is the rent for unit 1704?
AED 110,000 a year on the contract signed on 25 May 2023. The previous contract, from May 2022, was AED 110,000.
How big is unit 1704?
1,548 sqft (143.8 sqm): a two-bedroom apartment on the 17th floor of a 20-storey tower completed in 2020.
What is unit 1704 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 1704, Park Gate Residences 2
Starts from the last sale price (AED 2.5M, 29 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →