1206, Park Gate Residences 3
Sold prices and rental history: sold once, by the developer in January 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1206, Park Gate Residences 3
What is 1206 worth today?
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Source: Dubai Land Department. Updated 24 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,631 sqft
- Floor
- 12th of 20
- Parking
- CD1-010
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.91M · January 2019
- Building
- Park Gate Residences 3
About 1206, Park Gate Residences 3
1206 is a two-bedroom apartment of 1,631 sqft on the 12th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 13 January 2019 for AED 1,911,000, or AED 1,171 per sqft, 4% below the AED 1,219 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 24 October 2025, is AED 121,000 a year: a gross yield of 6.3% on the 2019 price.
Sales and rents for 1206 over time
1206 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 1206 sits
All 124 2-beds →1206 last sold in January 2019 at AED 1,171 per sqft, 4% below what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,219). 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. 1206's AED 121,000 is in the lower 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 12th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,571 sqft | AED 2.6MAED 2,600,000 · Jun 2023June 2023 | ||
| 1202 | 1-bed | 994 sqft | AED 1.57MAED 1,570,000 · Jan 2018January 2018 | 95,000 /yr | |
| 1203 | 2-bed | 1,571 sqft | AED 2MAED 2,000,000 · Apr 2022April 2022 | 147,000 /yr | |
| 1204 | 2-bed | 1,548 sqft | AED 750KAED 750,000 · Oct 2020October 2020 | 138,000 /yr | |
| 1205 | 2-bed | 1,617 sqft | AED 1.97MAED 1,972,000 · Feb 2018February 2018 | 150,000 /yr | |
| 1207 | 1-bed | 987 sqft | AED 1.56MAED 1,556,777 · Mar 2022March 2022 | 85,229 /yr | |
| 1208 | 2-bed | 1,632 sqft | AED 2.05MAED 2,053,777 · Apr 2022April 2022 | ||
| 1209 | 2-bed | 1,616 sqft | AED 1.97MAED 1,971,000 · Feb 2018February 2018 | ||
| 1210 | 2-bed | 1,549 sqft | AED 2.03MAED 2,027,777 · Apr 2021April 2021 |
1206, Park Gate Residences 3 in numbers
- Sold once: by Wasl on 13 January 2019 for AED 1,911,000, or AED 1,171 per sqft.
- Rented since October 2021 on 5 Ejari contracts, from AED 95,000 to AED 121,000 a year.
- At AED 121,000 a year the gross yield on the 2019 price is 6.3%.
- 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 24 October 2025.
Questions about 1206, Park Gate Residences 3
What did unit 1206 last sell for?
AED 1,911,000 on 13 January 2019, sold by the developer: AED 1,171 per sqft for 1,631 sqft. It is the only registered sale of the unit.
What is the rent for unit 1206?
AED 121,000 a year on the contract renewed on 24 October 2025. The previous contract, from October 2024, was AED 110,000; the unit has been rented since October 2021.
How big is unit 1206?
1,631 sqft (151.5 sqm): a two-bedroom apartment on the 12th floor of a 20-storey tower completed in 2020.
What is unit 1206 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 1206, Park Gate Residences 3
Starts from the last sale price (AED 1.91M, 13 January 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,911,000
- Deposit, UAE resident (20%)
- AED 382,200
- Deposit, non-resident (40%)
- AED 764,400
- Monthly over 25 years at 3.7%
- AED 7,818
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →