1607, 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 1607, Park Gate Residences 3
What is 1607 worth today?
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Source: Dubai Land Department. Updated 26 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 987 sqft
- Floor
- 16th of 20
- Parking
- CD2-105
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.65M · August 2024
- Building
- Park Gate Residences 3
About 1607, Park Gate Residences 3
1607 is a one-bedroom apartment of 987 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 26 August 2024 for AED 1,650,000, or AED 1,671 per sqft, in line with the AED 1,650 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 26 September 2024, is AED 78,644 a year: a gross yield of 4.8% on the 2024 price.
Sales and rents for 1607 over time
1607 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 1607 sits
All 34 1-beds →1607 last sold in August 2024 at AED 1,671 per sqft, in line with what one-beds in Park Gate Residences 3 were fetching at the time (AED 1,650). 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. 1607's AED 78,644 is at the bottom 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 | |
| 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 | |
| 1606 | 2-bed | 1,554 sqft | AED 2.5MAED 2,500,000 · Aug 2024August 2024 | 110,001 /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 |
1607, Park Gate Residences 3 in numbers
- Sold twice: first on 26 February 2018 for AED 1,447,380, last on 26 August 2024 for AED 1,650,000 (AED 1,671 per sqft).
- Rented since September 2021 on 5 Ejari contracts, from AED 65,000 to AED 78,644 a year.
- At AED 78,644 a year the gross yield on the 2024 price is 4.8%.
- 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 26 September 2024.
Questions about 1607, Park Gate Residences 3
What did unit 1607 last sell for?
AED 1,650,000 on 26 August 2024: AED 1,671 per sqft for 987 sqft. The unit has 2 registered sales; the first was AED 1,447,380 in February 2018.
What is the rent for unit 1607?
AED 78,644 a year on the contract signed on 26 September 2024. The previous contract, from September 2024, was AED 78,644; the unit has been rented since September 2021.
How big is unit 1607?
987 sqft (91.7 sqm): a one-bedroom apartment on the 16th floor of a 20-storey tower completed in 2020.
What is unit 1607 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 1607, Park Gate Residences 3
Starts from the last sale price (AED 1.65M, 26 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,650,000
- Deposit, UAE resident (20%)
- AED 330,000
- Deposit, non-resident (40%)
- AED 660,000
- Monthly over 25 years at 3.7%
- AED 6,751
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →