1008, Park Gate Residences 3
Sold prices and rental history: sold once, by the developer in June 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1008, Park Gate Residences 3
What is 1008 worth today?
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Source: Dubai Land Department. Updated 15 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,632 sqft
- Floor
- 10th of 20
- Parking
- B1-027
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.03M · June 2022
- Building
- Park Gate Residences 3
About 1008, Park Gate Residences 3
1008 is a two-bedroom apartment of 1,632 sqft on the 10th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 8 June 2022 for AED 2,033,777, or AED 1,246 per sqft, 6% below the AED 1,327 two-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, signed on 15 February 2026, is AED 155,000 a year: a gross yield of 7.6% on the 2022 price.
Sales and rents for 1008 over time
1008 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 3, and where 1008 sits
All 124 2-beds →1008 last sold in June 2022 at AED 1,246 per sqft, 6% below what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,327). Over the last 12 months two-beds sold for AED 2,900,000 to 3,300,000, around AED 1,896 per sqft, and rent for AED 105,000 to 185,000 a year. 1008's AED 155,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Oct 202623 October 2026 | 1,549 sqft | 2,900,000 | 1,872 | ||
| 22 Jul 202622 July 2026 | 1,631 sqft | 3,032,777 | 1,859 | ||
| 16 Jul 202616 July 2026 | 1,550 sqft | 2,975,000 | 1,919 | ||
| 1 May 20261 May 2026 | 1,633 sqft | 2,950,000 | 1,806 |
Park Gate Residences 3
Building165 apartments, 1-bed to 5-bed over 20 floors in Al Kifaf, completed in 2020 by Wasl. 8 sold in the last 12 months.
- Typical price per sqft
- AED 1,927
- Typical sale
- AED 2.96M
- Typical rent
- AED 141K /yr
- Typical yield
- 4.9%
Other units on the 10th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | 1-bed | 994 sqft | AED 1.53MAED 1,526,000 · May 2018May 2018 | ||
| 1003 | 2-bed | 1,571 sqft | AED 2.48MAED 2,481,777 · Feb 2022February 2022 | ||
| 1004 | 2-bed | 1,548 sqft | AED 2.49MAED 2,489,000 · Feb 2024February 2024 | 126,000 /yr | |
| 1005 | 2-bed | 1,617 sqft | AED 1.95MAED 1,954,000 · Feb 2018February 2018 | ||
| 1006 | 2-bed | 1,631 sqft | AED 2.03MAED 2,031,777 · Jan 2022January 2022 | ||
| 1007 | 1-bed | 987 sqft | AED 1.91MAED 1,910,000 · Nov 2025November 2025 | 90,000 /yr | |
| 1009 | 2-bed | 1,616 sqft | AED 2.2MAED 2,200,000 · Jun 2023June 2023 | 145,000 /yr | |
| 1010 | 2-bed | 1,549 sqft | AED 1.84MAED 1,840,000 · Sep 2021September 2021 |
1008, Park Gate Residences 3 in numbers
- Sold once: by Wasl on 8 June 2022 for AED 2,033,777, or AED 1,246 per sqft.
- Rented since January 2023 on 5 Ejari contracts, from AED 132,500 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2022 price is 7.6%.
- Two-beds in Park Gate Residences 3 sold for AED 2,900,000–3,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,927 per sqft.
Source: Dubai Land Department. Updated 15 February 2026.
Questions about 1008, Park Gate Residences 3
What did unit 1008 last sell for?
AED 2,033,777 on 8 June 2022, sold by the developer: AED 1,246 per sqft for 1,632 sqft. It is the only registered sale of the unit.
What is the rent for unit 1008?
AED 155,000 a year on the contract signed on 15 February 2026. The previous contract, from February 2025, was AED 153,000; the unit has been rented since January 2023.
How big is unit 1008?
1,632 sqft (151.6 sqm): a two-bedroom apartment on the 10th floor of a 20-storey tower completed in 2020.
What is unit 1008 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 3 sold for AED 2,900,000 to 3,300,000 in the last 12 months, around AED 1,896 per sqft.
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Mortgage on 1008, Park Gate Residences 3
Starts from the last sale price (AED 2.03M, 8 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,033,777
- Deposit, UAE resident (20%)
- AED 406,755
- Deposit, non-resident (40%)
- AED 813,511
- Monthly over 25 years at 3.7%
- AED 8,321
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →