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2-bed · 1,617 sqftPark Gate Residences 3, Al Kifaf · 11th floor · completed 2020

1105, Park Gate Residences 3

Sold prices and rental history: sold twice, last in June 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1105 · DLD and Ejari recordsUpdated 20 June 2023
Last soldAED 2.54M20 June 2023
Current rentAED 95K /yr12 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1105, Park Gate Residences 3

What is 1105 worth today?

Last sold for AED 2,535,000 in 2023

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20 Jun 2023SoldReady
AED 2,535,000AED 1,567 per sqft
12 Sep 2022RentedRenewal
AED 95,000/yr12 months · AED 59 per sqft
12 Sep 2021RentedNew contract
AED 95,000/yr12 months · AED 59 per sqft
25 Apr 2021RentedNew contract
AED 90,000/yr12 months · AED 56 per sqft
19 Apr 2018Sold by developerOff-plan
AED 1,963,000AED 1,214 per sqft

Source: Dubai Land Department. Updated 20 June 2023.

Key facts

Type
2-bed apartment
Size
1,617 sqft
Floor
11th of 20
Parking
B1-030
Developer
Wasl
Completed
2020
Last sold
AED 2.54M · June 2023
Building
Park Gate Residences 3

About 1105, Park Gate Residences 3

1105 is a two-bedroom apartment of 1,617 sqft on the 11th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 20 June 2023 for AED 2,535,000, or AED 1,567 per sqft, in line with the AED 1,567 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 12 September 2022, is AED 95,000 a year: a gross yield of 3.8% on the 2023 price.

Sales and rents for 1105 over time

Sales
Unit 1105, 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, April 2018: AED 1,963,000 (AED 1,214 per sqft)Sold, June 2023: AED 2,535,000 (AED 1,567 per sqft)

1105 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1105, each contractTypical two-bed in Park Gate Residences 3
100K150K2021202320252027Typical 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 150,000New contract, April 2021: AED 90,000 a yearNew contract, September 2021: AED 95,000 a yearRenewal, September 2022: AED 95,000 a year

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 1105 sits

All 124 2-beds →

1105 last sold in June 2023 at AED 1,567 per sqft, in line with what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,567). 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. 1105's AED 95,000 is at the bottom of that range.

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
11032-bedAED 2.58M · Jun 2022
11042-bedAED 1.89M · Sep 2021
11062-bedAED 1.89M · Apr 2018
11071-bedAED 1.55M · Jun 2022
11082-bedAED 2.04M · Aug 2022
1–7 of 9

1105, Park Gate Residences 3 in numbers

  • Sold twice: first on 19 April 2018 for AED 1,963,000, last on 20 June 2023 for AED 2,535,000 (AED 1,567 per sqft).
  • Rented since April 2021 on 3 Ejari contracts, from AED 90,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 3.8%.
  • 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 20 June 2023.

Questions about 1105, Park Gate Residences 3

What did unit 1105 last sell for?

AED 2,535,000 on 20 June 2023: AED 1,567 per sqft for 1,617 sqft. The unit has 2 registered sales; the first was AED 1,963,000 in April 2018.

What is the rent for unit 1105?

AED 95,000 a year on the contract renewed on 12 September 2022. The previous contract, from September 2021, was AED 95,000; the unit has been rented since April 2021.

How big is unit 1105?

1,617 sqft (150.2 sqm): a two-bedroom apartment on the 11th floor of a 20-storey tower completed in 2020.

What is unit 1105 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 1105, Park Gate Residences 3

Starts from the last sale price (AED 2.54M, 20 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,535,000
Deposit, UAE resident (20%)
AED 507,000
Deposit, non-resident (40%)
AED 1,014,000
Monthly over 25 years at 3.7%
AED 10,371

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