1602, 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 1602, Park Gate Residences 3
What is 1602 worth today?
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Source: Dubai Land Department. Updated 24 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 994 sqft
- Floor
- 16th of 20
- Parking
- CD2-060
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.75M · May 2024
- Building
- Park Gate Residences 3
About 1602, Park Gate Residences 3
1602 is a one-bedroom apartment of 994 sqft on the 16th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 9 May 2024 for AED 1,750,000, or AED 1,760 per sqft, 8% above the AED 1,629 one-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 September 2026, is AED 125,000 a year: a gross yield of 7.1% on the 2024 price.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Park Gate Residences 3, and where 1602 sits
All 34 1-beds →1602 last sold in May 2024 at AED 1,760 per sqft, 8% above what one-beds in Park Gate Residences 3 were fetching at the time (AED 1,629). Over the last 12 months one-beds sold for AED 1,910,000 to 1,980,000, around AED 1,970 per sqft, and rent for AED 80,000 to 125,000 a year. 1602's AED 125,000 is at the top of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Nov 202528 November 2025 | 987 sqft | 1,980,000 | 2,005 | ||
| 22 Nov 202522 November 2025 | 987 sqft | 1,910,000 | 1,934 | ||
| 20 Oct 202520 October 2025 | 987 sqft | 1,930,000 | 1,954 | ||
| 13 Jun 202513 June 2025 | 994 sqft | 2,075,000 | 2,086 |
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 16th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,571 sqft | AED 2.8MAED 2,800,000 · Jul 2024July 2024 | 105,713 /yr | |
| 1603 | 2-bed | 1,478 sqft | AED 2.8MAED 2,800,000 · Jun 2024June 2024 | 135,000 /yr | |
| 1604 | 2-bed | 1,548 sqft | AED 2.55MAED 2,550,000 · Jul 2024July 2024 | 101,800 /yr | |
| 1605 | 2-bed | 1,617 sqft | AED 2.75MAED 2,750,000 · Jul 2024July 2024 | 110,000 /yr | |
| 1606 | 2-bed | 1,554 sqft | AED 2.5MAED 2,500,000 · Aug 2024August 2024 | 110,001 /yr | |
| 1607 | 1-bed | 987 sqft | AED 1.65MAED 1,650,000 · Aug 2024August 2024 | 78,644 /yr | |
| 1608 | 2-bed | 1,632 sqft | AED 2.45MAED 2,450,000 · May 2024May 2024 | 105,000 /yr | |
| 1609 | 2-bed | 1,616 sqft | AED 2.75MAED 2,750,000 · Jun 2024June 2024 | 160,000 /yr | |
| 1610 | 2-bed | 1,549 sqft | AED 2.4MAED 2,400,000 · Aug 2024August 2024 | 150,000 /yr |
1602, Park Gate Residences 3 in numbers
- Sold twice: first on 26 February 2018 for AED 1,597,320, last on 9 May 2024 for AED 1,750,000 (AED 1,760 per sqft).
- Rented since September 2021 on 5 Ejari contracts, from AED 70,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2024 price is 7.1%.
- One-beds in Park Gate Residences 3 sold for AED 1,910,000–1,980,000 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 September 2026.
Questions about 1602, Park Gate Residences 3
What did unit 1602 last sell for?
AED 1,750,000 on 9 May 2024: AED 1,760 per sqft for 994 sqft. The unit has 2 registered sales; the first was AED 1,597,320 in February 2018.
What is the rent for unit 1602?
AED 125,000 a year on the contract renewed on 24 September 2026. The previous contract, from September 2025, was AED 125,000; the unit has been rented since September 2021.
How big is unit 1602?
994 sqft (92.3 sqm): a one-bedroom apartment on the 16th floor of a 20-storey tower completed in 2020.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Gate Residences 3 sold for AED 1,910,000 to 1,980,000 in the last 12 months, around AED 1,970 per sqft.
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Mortgage on 1602, Park Gate Residences 3
Starts from the last sale price (AED 1.75M, 9 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,750,000
- Deposit, UAE resident (20%)
- AED 350,000
- Deposit, non-resident (40%)
- AED 700,000
- Monthly over 25 years at 3.7%
- AED 7,160
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →