701, Park Gate Residences 2
Sold prices and rental history: sold once, by the developer in January 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Park Gate Residences 2
What is 701 worth today?
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Source: Dubai Land Department. Updated 26 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,569 sqft
- Floor
- 7th of 20
- Parking
- B2-233
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.7M · January 2022
- Building
- Park Gate Residences 2
About 701, Park Gate Residences 2
701 is a two-bedroom apartment of 1,569 sqft on the 7th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 5 January 2022 for AED 2,702,777, or AED 1,722 per sqft, 27% above the AED 1,355 two-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 26 November 2025, is AED 170,000 a year: a gross yield of 6.3% on the 2022 price.
Sales and rents for 701 over time
701 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 701 sits
All 125 2-beds →701 last sold in January 2022 at AED 1,722 per sqft, 27% above what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,355). 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. 701's AED 170,000 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 7th floor
All 163 units in Park Gate Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 1-bed | 994 sqft | AED 1.8MAED 1,800,000 · May 2025May 2025 | 110,000 /yr | |
| 703 | 2-bed | 1,573 sqft | AED 2.78MAED 2,783,777 · May 2022May 2022 | 65,625 /yr | |
| 704 | 2-bed | 1,550 sqft | AED 2.04MAED 2,038,777 · Sep 2021September 2021 | ||
| 705 | 2-bed | 615 sqft | AED 1.93MAED 1,926,777 · Sep 2019September 2019 | ||
| 706 | 2-bed | 1,633 sqft | AED 2.8MAED 2,800,000 · May 2026May 2026 | ||
| 707 | 1-bed | 987 sqft | AED 1.39MAED 1,388,777 · Sep 2019September 2019 | ||
| 708 | 2-bed | 1,630 sqft | AED 2.4MAED 2,400,000 · Apr 2026April 2026 | 121,000 /yr | |
| 709 | 2-bed | 1,614 sqft | AED 1.93MAED 1,925,777 · Sep 2019September 2019 | 85,000 /yr | |
| 710 | 2-bed | 1,548 sqft | AED 1.83MAED 1,826,777 · Oct 2019October 2019 | 130,000 /yr |
701, Park Gate Residences 2 in numbers
- Sold once: by Wasl on 5 January 2022 for AED 2,702,777, or AED 1,722 per sqft.
- Rented since November 2023 on 4 Ejari contracts, from AED 160,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2022 price is 6.3%.
- 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 26 November 2025.
Questions about 701, Park Gate Residences 2
What did unit 701 last sell for?
AED 2,702,777 on 5 January 2022, sold by the developer: AED 1,722 per sqft for 1,569 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 170,000 a year on the contract renewed on 26 November 2025. The previous contract, from November 2024, was AED 165,000; the unit has been rented since November 2023.
How big is unit 701?
1,569 sqft (145.8 sqm): a two-bedroom apartment on the 7th floor of a 20-storey tower completed in 2020.
What is unit 701 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 701, Park Gate Residences 2
Starts from the last sale price (AED 2.7M, 5 January 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,702,777
- Deposit, UAE resident (20%)
- AED 540,555
- Deposit, non-resident (40%)
- AED 1,081,111
- Monthly over 25 years at 3.7%
- AED 11,058
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →