1501, Park Gate Residences 3
Sold prices and rental history: sold twice, last in May 2024, 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 1501, Park Gate Residences 3
What is 1501 worth today?
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Source: Dubai Land Department. Updated 10 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,571 sqft
- Floor
- 15th of 20
- Parking
- CD2-110
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.7M · May 2024
- Building
- Park Gate Residences 3
About 1501, Park Gate Residences 3
1501 is a two-bedroom apartment of 1,571 sqft on the 15th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 22 May 2024 for AED 2,700,000, or AED 1,718 per sqft, 6% above the AED 1,627 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 10 November 2024, is AED 115,500 a year: a gross yield of 4.3% on the 2024 price.
Sales and rents for 1501 over time
1501 has sold twice; 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 1501 sits
All 124 2-beds →1501 last sold in May 2024 at AED 1,718 per sqft, 6% above what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,627). 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. 1501's AED 115,500 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 15th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 1-bed | 994 sqft | AED 1.75MAED 1,750,000 · Jul 2024July 2024 | 111,888 /yr | |
| 1503 | 2-bed | 1,571 sqft | AED 2.84MAED 2,840,000 · Sep 2024September 2024 | 145,000 /yr | |
| 1504 | 2-bed | 1,548 sqft | AED 2.95MAED 2,950,000 · Dec 2024December 2024 | 115,000 /yr | |
| 1505 | 2-bed | 1,617 sqft | AED 2.75MAED 2,750,000 · Jun 2024June 2024 | 105,000 /yr | |
| 1506 | 2-bed | 1,631 sqft | AED 2.6MAED 2,600,000 · Jul 2024July 2024 | 140,000 /yr | |
| 1507 | 1-bed | 987 sqft | AED 1.55MAED 1,550,000 · Jun 2024June 2024 | 68,250 /yr | |
| 1508 | 2-bed | 1,632 sqft | AED 2.45MAED 2,450,000 · Sep 2024September 2024 | 135,000 /yr | |
| 1509 | 2-bed | 1,616 sqft | AED 2.7MAED 2,700,000 · Jun 2024June 2024 | 105,000 /yr | |
| 1510 | 2-bed | 1,549 sqft | AED 2.4MAED 2,400,000 · Jul 2024July 2024 | 105,000 /yr |
1501, Park Gate Residences 3 in numbers
- Sold twice: first on 26 February 2018 for AED 2,459,220, last on 22 May 2024 for AED 2,700,000 (AED 1,718 per sqft).
- Rented since November 2021 on 5 Ejari contracts, from AED 110,000 to AED 115,500 a year.
- At AED 115,500 a year the gross yield on the 2024 price is 4.3%.
- 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 10 November 2024.
Questions about 1501, Park Gate Residences 3
What did unit 1501 last sell for?
AED 2,700,000 on 22 May 2024: AED 1,718 per sqft for 1,571 sqft. The unit has 2 registered sales; the first was AED 2,459,220 in February 2018.
What is the rent for unit 1501?
AED 115,500 a year on the contract renewed on 10 November 2024. The previous contract, from November 2024, was AED 115,500; the unit has been rented since November 2021.
How big is unit 1501?
1,571 sqft (146.0 sqm): a two-bedroom apartment on the 15th floor of a 20-storey tower completed in 2020.
What is unit 1501 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 1501, Park Gate Residences 3
Starts from the last sale price (AED 2.7M, 22 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,700,000
- Deposit, UAE resident (20%)
- AED 540,000
- Deposit, non-resident (40%)
- AED 1,080,000
- Monthly over 25 years at 3.7%
- AED 11,047
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →