1609, Park Gate Residences 3
Sold prices and rental history: sold twice, last in June 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 1609, Park Gate Residences 3
What is 1609 worth today?
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Source: Dubai Land Department. Updated 10 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,616 sqft
- Floor
- 16th of 20
- Parking
- CD2-006
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.75M · June 2024
- Building
- Park Gate Residences 3
About 1609, Park Gate Residences 3
1609 is a two-bedroom apartment of 1,616 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 12 June 2024 for AED 2,750,000, or AED 1,701 per sqft, in line with the AED 1,655 two-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 10 January 2025, is AED 160,000 a year: a gross yield of 5.8% on the 2024 price.
Sales and rents for 1609 over time
1609 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 1609 sits
All 124 2-beds →1609 last sold in June 2024 at AED 1,701 per sqft, in line with what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,655). 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. 1609's AED 160,000 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 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 | |
| 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 | |
| 1610 | 2-bed | 1,549 sqft | AED 2.4MAED 2,400,000 · Aug 2024August 2024 | 150,000 /yr |
1609, Park Gate Residences 3 in numbers
- Sold twice: first on 26 February 2018 for AED 2,008,380, last on 12 June 2024 for AED 2,750,000 (AED 1,701 per sqft).
- Rented since October 2021 on 5 Ejari contracts, from AED 105,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2024 price is 5.8%.
- 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 January 2025.
Questions about 1609, Park Gate Residences 3
What did unit 1609 last sell for?
AED 2,750,000 on 12 June 2024: AED 1,701 per sqft for 1,616 sqft. The unit has 2 registered sales; the first was AED 2,008,380 in February 2018.
What is the rent for unit 1609?
AED 160,000 a year on the contract signed on 10 January 2025. The previous contract, from January 2025, was AED 160,000; the unit has been rented since October 2021.
How big is unit 1609?
1,616 sqft (150.1 sqm): a two-bedroom apartment on the 16th floor of a 20-storey tower completed in 2020.
What is unit 1609 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 1609, Park Gate Residences 3
Starts from the last sale price (AED 2.75M, 12 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,750,000
- Deposit, UAE resident (20%)
- AED 550,000
- Deposit, non-resident (40%)
- AED 1,100,000
- Monthly over 25 years at 3.7%
- AED 11,251
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →