1-bed · 994 sqftPark Gate Residences 2, Al Kifaf · 8th floor · completed 2020

802, Park Gate Residences 2

Sold prices and rental history: sold 3 times, last in October 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 802 · DLD and Ejari recordsUpdated 5 December 2024
Last soldAED 2.05M10 October 2024
Current rentAED 120K /yr5 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 802, Park Gate Residences 2

What is 802 worth today?

Last sold for AED 2,050,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Dec 2024RentedNew contract
AED 120,000/yr12 months · AED 121 per sqft
10 Oct 2024SoldReady
AED 2,050,000AED 2,061 per sqft
5 Oct 2023SoldReady
AED 1,600,000AED 1,609 per sqft
15 Jul 2022RentedNew contract
AED 90,000/yr12 months · AED 91 per sqft
1 Sep 2021RentedNew contract
AED 60,000/yr12 months · AED 61 per sqft
23 Sep 2019Sold by developerOff-plan
AED 1,638,777AED 1,648 per sqft

Source: Dubai Land Department. Updated 5 December 2024.

Key facts

Type
1-bed apartment
Size
994 sqft
Floor
8th of 20
Parking
B2-231
Developer
Wasl
Completed
2020
Last sold
AED 2.05M · October 2024

About 802, Park Gate Residences 2

802 is a one-bedroom apartment of 994 sqft on the 8th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 10 October 2024 for AED 2,050,000, or AED 2,061 per sqft, 13% above the AED 1,829 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 5 December 2024, is AED 120,000 a year: a gross yield of 5.9% on the 2024 price.

Sales and rents for 802 over time

Sales
Unit 802, each saleTypical one-bed in Park Gate Residences 2
1.75M2M2019202120232025Typical sale price by year: 2019 AED 1,638,777; 2022 AED 1,719,777; 2023 AED 1,791,777; 2024 AED 1,795,889; 2025 AED 1,800,000Sold by developer, September 2019: AED 1,638,777 (AED 1,648 per sqft)Sold, October 2023: AED 1,600,000 (AED 1,609 per sqft)Sold, October 2024: AED 2,050,000 (AED 2,061 per sqft)

802 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 802, each contractTypical one-bed in Park Gate Residences 2
50K100K2021202320252027Typical rent by year: 2022 AED 95,000; 2023 AED 100,000; 2024 AED 110,000; 2025 AED 117,500; 2026 AED 120,000New contract, September 2021: AED 60,000 a yearNew contract, July 2022: AED 90,000 a yearNew contract, December 2024: AED 120,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Park Gate Residences 2, and where 802 sits

All 34 1-beds →

802 last sold in October 2024 at AED 2,061 per sqft, 13% above what one-beds in Park Gate Residences 2 were fetching at the time (AED 1,829). Over the last 12 months one-beds sold for AED 1,650,000 to 2,200,000, around AED 1,823 per sqft, and rent for AED 80,000 to 136,000 a year. 802's AED 120,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Aug 20262,200,000
9 Jul 20261,650,000
17 Dec 20251,800,000
26 Jun 20251,940,000
3 1-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 8th floor

All 163 units in Park Gate Residences 2
Value
8012-bedAED 2.78M · Aug 2022
8032-bedAED 3.15M · Oct 2023
8042-bedAED 2.03M · May 2021
8052-bedAED 1.97M · Aug 2019
8062-bedAED 2.8M · Sep 2026
8071-bedAED 1.48M · Nov 2019
8082-bedAED 2.29M · Feb 2023
1–7 of 9

802, Park Gate Residences 2 in numbers

  • Sold 3 times: first on 23 September 2019 for AED 1,638,777, last on 10 October 2024 for AED 2,050,000 (AED 2,061 per sqft).
  • Rented since September 2021 on 3 Ejari contracts, from AED 60,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2024 price is 5.9%.
  • One-beds in Park Gate Residences 2 sold for AED 1,650,000–2,200,000 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 5 December 2024.

Questions about 802, Park Gate Residences 2

What did unit 802 last sell for?

AED 2,050,000 on 10 October 2024: AED 2,061 per sqft for 994 sqft. The unit has 3 registered sales; the first was AED 1,638,777 in September 2019.

What is the rent for unit 802?

AED 120,000 a year on the contract signed on 5 December 2024. The previous contract, from July 2022, was AED 90,000; the unit has been rented since September 2021.

How big is unit 802?

994 sqft (92.3 sqm): a one-bedroom apartment on the 8th floor of a 20-storey tower completed in 2020.

What is unit 802 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Gate Residences 2 sold for AED 1,650,000 to 2,200,000 in the last 12 months, around AED 1,823 per sqft.

Selling 802? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 802, Park Gate Residences 2

Starts from the last sale price (AED 2.05M, 10 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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