709, Park Gate Residences 2
Sold prices and rental history: sold once, by the developer in September 2019, and rented once, from May 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 709, Park Gate Residences 2
What is 709 worth today?
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Source: Dubai Land Department. Updated 1 May 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,614 sqft
- Floor
- 7th of 20
- Parking
- B2-117
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.93M · September 2019
- Building
- Park Gate Residences 2
About 709, Park Gate Residences 2
709 is a two-bedroom apartment of 1,614 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 15 September 2019 for AED 1,925,777, or AED 1,192 per sqft, in line with the AED 1,217 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 May 2021. The current contract, signed on 1 May 2021, is AED 85,000 a year: a gross yield of 4.4% on the 2019 price.
Sales and rents for 709 over time
709 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 709 sits
All 125 2-beds →709 last sold in September 2019 at AED 1,192 per sqft, in line with what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,217). 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. 709's AED 85,000 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 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 | |
| 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 | |
| 710 | 2-bed | 1,548 sqft | AED 1.83MAED 1,826,777 · Oct 2019October 2019 | 130,000 /yr |
709, Park Gate Residences 2 in numbers
- Sold once: by Wasl on 15 September 2019 for AED 1,925,777, or AED 1,192 per sqft.
- Rented since May 2021 on one Ejari contract, at AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2019 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 1 May 2021.
Questions about 709, Park Gate Residences 2
What did unit 709 last sell for?
AED 1,925,777 on 15 September 2019, sold by the developer: AED 1,192 per sqft for 1,614 sqft. It is the only registered sale of the unit.
What is the rent for unit 709?
AED 85,000 a year on the contract signed on 1 May 2021.
How big is unit 709?
1,614 sqft (149.9 sqm): a two-bedroom apartment on the 7th floor of a 20-storey tower completed in 2020.
What is unit 709 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 709, Park Gate Residences 2
Starts from the last sale price (AED 1.93M, 15 September 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,925,777
- Deposit, UAE resident (20%)
- AED 385,155
- Deposit, non-resident (40%)
- AED 770,311
- Monthly over 25 years at 3.7%
- AED 7,879
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →