2-bed · 1,478 sqftPark Gate Residences 3, Al Kifaf · 11th floor · completed 2020

1103, Park Gate Residences 3

Sold prices and rental history: sold once, by the developer in June 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1103 · DLD and Ejari recordsUpdated 8 June 2022
Last soldAED 2.58M8 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1103, Park Gate Residences 3

What is 1103 worth today?

Last sold for AED 2,577,777 in 2022

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8 Jun 2022Sold by developerReady
AED 2,577,777AED 1,744 per sqft

Source: Dubai Land Department. Updated 8 June 2022.

Key facts

Type
2-bed apartment
Size
1,478 sqft
Floor
11th of 20
Parking
B1-188
Developer
Wasl
Completed
2020
Last sold
AED 2.58M · June 2022

About 1103, Park Gate Residences 3

1103 is a two-bedroom apartment of 1,478 sqft on the 11th 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 2,577,777, or AED 1,744 per sqft, 31% above the AED 1,327 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1103 over time

Sales
Unit 1103, each saleTypical two-bed in Park Gate Residences 3
2M2.5M3M2018202120242027Typical sale price by year: 2018 AED 1,933,500; 2019 AED 1,988,000; 2020 AED 1,984,389; 2021 AED 2,097,389; 2022 AED 2,129,777; 2023 AED 2,600,000; 2024 AED 2,600,000; 2025 AED 3,000,000; 2026 AED 2,975,000Sold by developer, June 2022: AED 2,577,777 (AED 1,744 per sqft)

1103 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1103, each contractTypical two-bed in Park Gate Residences 3
100K125K150K2021202320252027Typical rent by year: 2021 AED 95,000; 2022 AED 108,500; 2023 AED 115,000; 2024 AED 132,906; 2025 AED 150,000; 2026 AED 150,000

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 1103 sits

All 124 2-beds →

1103 last sold in June 2022 at AED 1,744 per sqft, 31% above 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.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Oct 20262,900,000
22 Jul 20263,032,777
16 Jul 20262,975,000
1 May 20262,950,000
6 2-bed sales in the last 12 months

Park Gate Residences 3

Building

165 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%
Park Gate Residences 3, Al Kifaf: prices, sales and rents →

Other units on the 11th floor

All 165 units in Park Gate Residences 3
Value
11012-bedAED 2.54M · Feb 2022
11021-bedAED 1.5M · May 2022
11042-bedAED 1.89M · Sep 2021
11052-bedAED 2.54M · Jun 2023
11062-bedAED 1.89M · Apr 2018
11071-bedAED 1.55M · Jun 2022
11082-bedAED 2.04M · Aug 2022
1–7 of 9

1103, Park Gate Residences 3 in numbers

  • Sold once: by Wasl on 8 June 2022 for AED 2,577,777, or AED 1,744 per sqft.
  • 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 8 June 2022.

Questions about 1103, Park Gate Residences 3

What did unit 1103 last sell for?

AED 2,577,777 on 8 June 2022, sold by the developer: AED 1,744 per sqft for 1,478 sqft. It is the only registered sale of the unit.

How big is unit 1103?

1,478 sqft (137.3 sqm): a two-bedroom apartment on the 11th floor of a 20-storey tower completed in 2020.

What is unit 1103 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 1103, Park Gate Residences 3

Starts from the last sale price (AED 2.58M, 8 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,577,777
Deposit, UAE resident (20%)
AED 515,555
Deposit, non-resident (40%)
AED 1,031,111
Monthly over 25 years at 3.7%
AED 10,546

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