1-bed · 987 sqftPark Gate Residences 2, Al Kifaf · 8th floor · completed 2020

807, Park Gate Residences 2

Sold prices and rental history: sold once, by the developer in November 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 807 · DLD and Ejari recordsUpdated 26 November 2019
Last soldAED 1.48M26 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 807, Park Gate Residences 2

What is 807 worth today?

Last sold for AED 1,479,777 in 2019

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26 Nov 2019Sold by developerOff-plan
AED 1,479,777AED 1,498 per sqft

Source: Dubai Land Department. Updated 26 November 2019.

Key facts

Type
1-bed apartment
Size
987 sqft
Floor
8th of 20
Parking
B2-186
Developer
Wasl
Completed
2020
Last sold
AED 1.48M · November 2019

About 807, Park Gate Residences 2

807 is a one-bedroom apartment of 987 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 26 November 2019 for AED 1,479,777, or AED 1,498 per sqft, 9% below the AED 1,648 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 807 over time

Sales
Unit 807, each saleTypical one-bed in Park Gate Residences 2
1.6M1.8M2019202120232025Typical 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, November 2019: AED 1,479,777 (AED 1,498 per sqft)

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

Rents
Unit 807, each contractTypical one-bed in Park Gate Residences 2
100K120K202220242026Typical rent by year: 2022 AED 95,000; 2023 AED 100,000; 2024 AED 110,000; 2025 AED 117,500; 2026 AED 120,000

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 807 sits

All 34 1-beds →

807 last sold in November 2019 at AED 1,498 per sqft, 9% below what one-beds in Park Gate Residences 2 were fetching at the time (AED 1,648). 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.

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
8021-bedAED 2.05M · Oct 2024
8032-bedAED 3.15M · Oct 2023
8042-bedAED 2.03M · May 2021
8052-bedAED 1.97M · Aug 2019
8062-bedAED 2.8M · Sep 2026
8082-bedAED 2.29M · Feb 2023
1–7 of 9

807, Park Gate Residences 2 in numbers

  • Sold once: by Wasl on 26 November 2019 for AED 1,479,777, or AED 1,498 per sqft.
  • 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 26 November 2019.

Questions about 807, Park Gate Residences 2

What did unit 807 last sell for?

AED 1,479,777 on 26 November 2019, sold by the developer: AED 1,498 per sqft for 987 sqft. It is the only registered sale of the unit.

How big is unit 807?

987 sqft (91.7 sqm): a one-bedroom apartment on the 8th floor of a 20-storey tower completed in 2020.

What is unit 807 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.

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Mortgage on 807, Park Gate Residences 2

Starts from the last sale price (AED 1.48M, 26 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,479,777
Deposit, UAE resident (20%)
AED 295,955
Deposit, non-resident (40%)
AED 591,911
Monthly over 25 years at 3.7%
AED 6,054

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