1606, Park Gate Residences 3
Sold prices and rental history: sold twice, last in August 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 1606, Park Gate Residences 3
What is 1606 worth today?
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Source: Dubai Land Department. Updated 10 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,554 sqft
- Floor
- 16th of 20
- Parking
- CD2-005
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.5M · August 2024
- Building
- Park Gate Residences 3
About 1606, Park Gate Residences 3
1606 is a two-bedroom apartment of 1,554 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 27 August 2024 for AED 2,500,000, or AED 1,608 per sqft, in line with the AED 1,646 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 10 November 2024, is AED 110,001 a year: a gross yield of 4.4% on the 2024 price.
Sales and rents for 1606 over time
1606 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 1606 sits
All 124 2-beds →1606 last sold in August 2024 at AED 1,608 per sqft, in line with what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,646). 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. 1606's AED 110,001 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 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 | |
| 1602 | 1-bed | 994 sqft | AED 1.75MAED 1,750,000 · May 2024May 2024 | 125,000 /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 | |
| 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 |
1606, Park Gate Residences 3 in numbers
- Sold twice: first on 26 February 2018 for AED 1,898,220, last on 27 August 2024 for AED 2,500,000 (AED 1,608 per sqft).
- Rented since November 2021 on 4 Ejari contracts, from AED 100,000 to AED 110,001 a year.
- At AED 110,001 a year the gross yield on the 2024 price is 4.4%.
- 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 1606, Park Gate Residences 3
What did unit 1606 last sell for?
AED 2,500,000 on 27 August 2024: AED 1,608 per sqft for 1,554 sqft. The unit has 2 registered sales; the first was AED 1,898,220 in February 2018.
What is the rent for unit 1606?
AED 110,001 a year on the contract signed on 10 November 2024. The previous contract, from November 2023, was AED 100,000; the unit has been rented since November 2021.
How big is unit 1606?
1,554 sqft (144.4 sqm): a two-bedroom apartment on the 16th floor of a 20-storey tower completed in 2020.
What is unit 1606 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 1606, Park Gate Residences 3
Starts from the last sale price (AED 2.5M, 27 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →