1409, Park Gate Residences 3
Sold prices and rental history: sold once, by the developer in March 2018, 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 1409, Park Gate Residences 3
What is 1409 worth today?
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Source: Dubai Land Department. Updated 1 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,616 sqft
- Floor
- 14th of 20
- Parking
- CD1-011
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.95M · March 2018
- Building
- Park Gate Residences 3
About 1409, Park Gate Residences 3
1409 is a two-bedroom apartment of 1,616 sqft on the 14th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 22 March 2018 for AED 1,952,000, or AED 1,207 per sqft, in line with the AED 1,219 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 1 March 2025, is AED 150,000 a year: a gross yield of 7.7% on the 2018 price.
Sales and rents for 1409 over time
1409 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 1409 sits
All 124 2-beds →1409 last sold in March 2018 at AED 1,207 per sqft, in line with 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. 1409's AED 150,000 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 14th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,571 sqft | AED 2.53MAED 2,525,000 · Sep 2022September 2022 | ||
| 1402 | 1-bed | 994 sqft | AED 1.59MAED 1,585,000 · Sep 2020September 2020 | 107,000 /yr | |
| 1403 | 2-bed | 1,571 sqft | AED 2.65MAED 2,650,000 · Mar 2022March 2022 | ||
| 1404 | 2-bed | 1,548 sqft | AED 1.92MAED 1,924,000 · Feb 2018February 2018 | ||
| 1405 | 2-bed | 1,617 sqft | AED 1.99MAED 1,992,000 · Apr 2018April 2018 | 152,000 /yr | |
| 1406 | 2-bed | 1,631 sqft | AED 3.03MAED 3,032,777 · Jul 2026July 2026 | ||
| 1407 | 1-bed | 987 sqft | AED 1.46MAED 1,461,000 · Mar 2018March 2018 | 90,000 /yr | |
| 1408 | 2-bed | 1,632 sqft | AED 2.07MAED 2,073,777 · Mar 2022March 2022 | 120,750 /yr | |
| 1410 | 2-bed | 1,549 sqft | AED 2.06MAED 2,064,777 · Aug 2021August 2021 |
1409, Park Gate Residences 3 in numbers
- Sold once: by Wasl on 22 March 2018 for AED 1,952,000, or AED 1,207 per sqft.
- Rented since July 2021 on 6 Ejari contracts, from AED 87,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2018 price is 7.7%.
- 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 1 March 2025.
Questions about 1409, Park Gate Residences 3
What did unit 1409 last sell for?
AED 1,952,000 on 22 March 2018, sold by the developer: AED 1,207 per sqft for 1,616 sqft. It is the only registered sale of the unit.
What is the rent for unit 1409?
AED 150,000 a year on the contract signed on 1 March 2025. The previous contract, from March 2025, was AED 150,000; the unit has been rented since July 2021.
How big is unit 1409?
1,616 sqft (150.1 sqm): a two-bedroom apartment on the 14th floor of a 20-storey tower completed in 2020.
What is unit 1409 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 1409, Park Gate Residences 3
Starts from the last sale price (AED 1.95M, 22 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,952,000
- Deposit, UAE resident (20%)
- AED 390,400
- Deposit, non-resident (40%)
- AED 780,800
- Monthly over 25 years at 3.7%
- AED 7,986
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →