2-bed · 1,548 sqftPark Gate Residences 2, Al Kifaf · 20th floor · completed 2020

2004, Park Gate Residences 2

Sold prices and rental history: sold once, by the developer in March 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2004 · DLD and Ejari recordsUpdated 7 March 2022
Last soldAED 2.41M7 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2004, Park Gate Residences 2

What is 2004 worth today?

Last sold for AED 2,405,777 in 2022

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7 Mar 2022Sold by developerReady
AED 2,405,777AED 1,553 per sqft

Source: Dubai Land Department. Updated 7 March 2022.

Key facts

Type
2-bed apartment
Size
1,548 sqft
Floor
20th of 20
Parking
AB4-018
Developer
Wasl
Completed
2020
Last sold
AED 2.41M · March 2022

About 2004, Park Gate Residences 2

2004 is a two-bedroom apartment of 1,548 sqft on the 20th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 7 March 2022 for AED 2,405,777, or AED 1,553 per sqft, 14% above the AED 1,359 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2004 over time

Sales
Unit 2004, each saleTypical two-bed in Park Gate Residences 2
2M2.5M3M20192021202320252027Typical sale price by year: 2019 AED 1,953,777; 2020 AED 2,017,277; 2021 AED 2,114,777; 2022 AED 2,230,777; 2023 AED 2,750,000; 2024 AED 2,714,000; 2025 AED 2,900,581; 2026 AED 2,925,000Sold by developer, March 2022: AED 2,405,777 (AED 1,553 per sqft)

2004 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2004, each contractTypical two-bed in Park Gate Residences 2
100K150K2021202320252027Typical rent by year: 2021 AED 84,000; 2022 AED 120,000; 2023 AED 130,000; 2024 AED 145,000; 2025 AED 157,000; 2026 AED 147,500

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 2004 sits

All 125 2-beds →

2004 last sold in March 2022 at AED 1,553 per sqft, 14% above what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,359). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Sep 20263,260,000
1 Sep 20262,800,000
19 May 20262,800,000
29 Apr 20262,400,000
9 2-bed sales in the last 12 months

Park Gate Residences 2

Building

163 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%
Park Gate Residences 2, Al Kifaf: prices, sales and rents →

Other units on the 20th floor

All 163 units in Park Gate Residences 2
Value
20012-bedAED 3.14M · May 2022
20021-bedAED 2.2M · Aug 2026
20032-bedAED 3.11M · Aug 2022
20052-bedAED 2.42M · May 2022
20062-bedAED 2.39M · Jun 2022
20071-bedAED 1.65M · Jul 2026
20082-bedAED 2.39M · Jul 2025
1–7 of 9

2004, Park Gate Residences 2 in numbers

  • Sold once: by Wasl on 7 March 2022 for AED 2,405,777, or AED 1,553 per sqft.
  • 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 7 March 2022.

Questions about 2004, Park Gate Residences 2

What did unit 2004 last sell for?

AED 2,405,777 on 7 March 2022, sold by the developer: AED 1,553 per sqft for 1,548 sqft. It is the only registered sale of the unit.

How big is unit 2004?

1,548 sqft (143.8 sqm): a two-bedroom apartment on the 20th floor of a 20-storey tower completed in 2020.

What is unit 2004 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 2004, Park Gate Residences 2

Starts from the last sale price (AED 2.41M, 7 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,405,777
Deposit, UAE resident (20%)
AED 481,155
Deposit, non-resident (40%)
AED 962,311
Monthly over 25 years at 3.7%
AED 9,843

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →