2-bed · 1,571 sqftPark Gate Residences 2, Al Kifaf · 8th floor · completed 2020

803, Park Gate Residences 2

Sold prices and rental history: sold once, by the developer in October 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 803 · DLD and Ejari recordsUpdated 3 October 2023
Last soldAED 3.15M3 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 803, Park Gate Residences 2

What is 803 worth today?

Last sold for AED 3,145,777 in 2023

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3 Oct 2023Sold by developerReady
AED 3,145,777AED 2,002 per sqft

Source: Dubai Land Department. Updated 3 October 2023.

Key facts

Type
2-bed apartment
Size
1,571 sqft
Floor
8th of 20
Parking
B2-211
Developer
Wasl
Completed
2020
Last sold
AED 3.15M · October 2023

About 803, Park Gate Residences 2

803 is a two-bedroom apartment of 1,571 sqft on the 8th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 3 October 2023 for AED 3,145,777, or AED 2,002 per sqft, 36% above the AED 1,472 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 803 over time

Sales
Unit 803, each saleTypical two-bed in Park Gate Residences 2
2M3M20192021202320252027Typical 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, October 2023: AED 3,145,777 (AED 2,002 per sqft)

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

Rents
Unit 803, 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 803 sits

All 125 2-beds →

803 last sold in October 2023 at AED 2,002 per sqft, 36% above what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,472). 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 8th floor

All 163 units in Park Gate Residences 2
Value
8012-bedAED 2.78M · Aug 2022
8021-bedAED 2.05M · Oct 2024
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

803, Park Gate Residences 2 in numbers

  • Sold once: by Wasl on 3 October 2023 for AED 3,145,777, or AED 2,002 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 3 October 2023.

Questions about 803, Park Gate Residences 2

What did unit 803 last sell for?

AED 3,145,777 on 3 October 2023, sold by the developer: AED 2,002 per sqft for 1,571 sqft. It is the only registered sale of the unit.

How big is unit 803?

1,571 sqft (146.0 sqm): a two-bedroom apartment on the 8th floor of a 20-storey tower completed in 2020.

What is unit 803 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 803, Park Gate Residences 2

Starts from the last sale price (AED 3.15M, 3 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,145,777
Deposit, UAE resident (20%)
AED 629,155
Deposit, non-resident (40%)
AED 1,258,311
Monthly over 25 years at 3.7%
AED 12,870

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