1-bed · 994 sqftPark Gate Residences 2, Al Kifaf · 9th floor · completed 2020

902, Park Gate Residences 2

Sold prices and rental history: sold once, by the developer in September 2019, and rented once, from April 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 902 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 1.65M15 September 2019
Current rentAED 125K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 902, Park Gate Residences 2

What is 902 worth today?

Last sold for AED 1,645,777 in 2019

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1 Apr 2024RentedNew contract
AED 125,000/yr24 months · AED 126 per sqft
15 Sep 2019Sold by developerOff-plan
AED 1,645,777AED 1,655 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
1-bed apartment
Size
994 sqft
Floor
9th of 20
Parking
B2-214
Developer
Wasl
Completed
2020
Last sold
AED 1.65M · September 2019

About 902, Park Gate Residences 2

902 is a one-bedroom apartment of 994 sqft on the 9th 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 1,645,777, or AED 1,655 per sqft.

One Ejari contract is registered, from 1 April 2024. The current contract, signed on 1 April 2024, is AED 125,000 a year: a gross yield of 7.6% on the 2019 price.

Sales and rents for 902 over time

Sales
Unit 902, each saleTypical one-bed in Park Gate Residences 2
1.7M1.8M2019202120232025Typical 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, September 2019: AED 1,645,777 (AED 1,655 per sqft)

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

Rents
Unit 902, 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 120,000New contract, April 2024: AED 125,000 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 902 sits

All 34 1-beds →

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. 902's AED 125,000 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 9th floor

All 163 units in Park Gate Residences 2
Value
9012-bedAED 2.54M · Sep 2019
9032-bedAED 2.54M · Sep 2019
9042-bedAED 1.88M · Sep 2019
9052-bedAED 2.01M · Apr 2020
9062-bedAED 2.85M · Feb 2026
9071-bedAED 1.55M · May 2021
9082-bedAED 2.96M · Jul 2024
1–7 of 9

902, Park Gate Residences 2 in numbers

  • Sold once: by Wasl on 15 September 2019 for AED 1,645,777, or AED 1,655 per sqft.
  • Rented since April 2024 on one Ejari contract, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2019 price is 7.6%.
  • 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 1 April 2024.

Questions about 902, Park Gate Residences 2

What did unit 902 last sell for?

AED 1,645,777 on 15 September 2019, sold by the developer: AED 1,655 per sqft for 994 sqft. It is the only registered sale of the unit.

What is the rent for unit 902?

AED 125,000 a year on the contract signed on 1 April 2024.

How big is unit 902?

994 sqft (92.3 sqm): a one-bedroom apartment on the 9th floor of a 20-storey tower completed in 2020.

What is unit 902 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 902, Park Gate Residences 2

Starts from the last sale price (AED 1.65M, 15 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,645,777
Deposit, UAE resident (20%)
AED 329,155
Deposit, non-resident (40%)
AED 658,311
Monthly over 25 years at 3.7%
AED 6,733

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