703, Park Gate Residences 2
Sold prices and rental history: sold once, by the developer in May 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Park Gate Residences 2
What is 703 worth today?
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Source: Dubai Land Department. Updated 10 August 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,573 sqft
- Floor
- 7th of 20
- Parking
- B2-114
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.78M · May 2022
- Building
- Park Gate Residences 2
About 703, Park Gate Residences 2
703 is a two-bedroom apartment of 1,573 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 11 May 2022 for AED 2,783,777, or AED 1,770 per sqft, 27% above the AED 1,396 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 10 August 2025, is AED 65,625 a year: a gross yield of 2.4% on the 2022 price.
Sales and rents for 703 over time
703 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 703 sits
All 125 2-beds →703 last sold in May 2022 at AED 1,770 per sqft, 27% above what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,396). 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. 703's AED 65,625 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 7th floor
All 163 units in Park Gate Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,569 sqft | AED 2.7MAED 2,702,777 · Jan 2022January 2022 | 170,000 /yr | |
| 702 | 1-bed | 994 sqft | AED 1.8MAED 1,800,000 · May 2025May 2025 | 110,000 /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 |
703, Park Gate Residences 2 in numbers
- Sold once: by Wasl on 11 May 2022 for AED 2,783,777, or AED 1,770 per sqft.
- Rented since August 2022 on 4 Ejari contracts, from AED 125,000 to AED 65,625 a year.
- At AED 65,625 a year the gross yield on the 2022 price is 2.4%.
- 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 10 August 2025.
Questions about 703, Park Gate Residences 2
What did unit 703 last sell for?
AED 2,783,777 on 11 May 2022, sold by the developer: AED 1,770 per sqft for 1,573 sqft. It is the only registered sale of the unit.
What is the rent for unit 703?
AED 65,625 a year on the contract renewed on 10 August 2025. The previous contract, from August 2024, was AED 131,250; the unit has been rented since August 2022.
How big is unit 703?
1,573 sqft (146.1 sqm): a two-bedroom apartment on the 7th floor of a 20-storey tower completed in 2020.
What is unit 703 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 703, Park Gate Residences 2
Starts from the last sale price (AED 2.78M, 11 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,783,777
- Deposit, UAE resident (20%)
- AED 556,755
- Deposit, non-resident (40%)
- AED 1,113,511
- Monthly over 25 years at 3.7%
- AED 11,389
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →