2-bed · 1,549 sqftPark Gate Residences 3, Al Kifaf · 16th floor · completed 2020

1610, 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.

Unit 1610 · DLD and Ejari recordsUpdated 1 March 2025
Last soldAED 2.4M30 August 2024
Current rentAED 150K /yr1 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1610, Park Gate Residences 3

What is 1610 worth today?

Last sold for AED 2,400,000 in 2024

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1 Mar 2025RentedNew contract
AED 150,000/yr12 months · AED 97 per sqft
1 Mar 2025RentedNew contract
AED 150,000/yr12 months · AED 97 per sqft
30 Aug 2024SoldReady
AED 2,400,000AED 1,549 per sqft
18 Dec 2023RentedRenewal
AED 105,000/yr12 months · AED 68 per sqft
18 Dec 2022RentedRenewal
AED 105,000/yr12 months · AED 68 per sqft
18 Dec 2021RentedNew contract
AED 105,000/yr12 months · AED 68 per sqft
26 Feb 2018Sold by developerOff-plan
AED 1,942,080AED 1,253 per sqft

Source: Dubai Land Department. Updated 1 March 2025.

Key facts

Type
2-bed apartment
Size
1,549 sqft
Floor
16th of 20
Parking
CD2-074
Developer
Wasl
Completed
2020
Last sold
AED 2.4M · August 2024

About 1610, Park Gate Residences 3

1610 is a two-bedroom apartment of 1,549 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 30 August 2024 for AED 2,400,000, or AED 1,549 per sqft, 6% below the AED 1,646 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 1 March 2025, is AED 150,000 a year: a gross yield of 6.3% on the 2024 price.

Sales and rents for 1610 over time

Sales
Unit 1610, each saleTypical two-bed in Park Gate Residences 3
2M2.5M3M2018202120242027Typical sale price by year: 2018 AED 1,933,500; 2019 AED 1,988,000; 2020 AED 1,984,389; 2021 AED 2,097,389; 2022 AED 2,129,777; 2023 AED 2,600,000; 2024 AED 2,600,000; 2025 AED 3,000,000; 2026 AED 2,975,000Sold by developer, February 2018: AED 1,942,080 (AED 1,253 per sqft)Sold, August 2024: AED 2,400,000 (AED 1,549 per sqft)

1610 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1610, each contractTypical two-bed in Park Gate Residences 3
100K125K150K2021202320252027Typical rent by year: 2021 AED 95,000; 2022 AED 108,500; 2023 AED 115,000; 2024 AED 132,906; 2025 AED 150,000; 2026 AED 150,000New contract, December 2021: AED 105,000 a yearRenewal, December 2022: AED 105,000 a yearRenewal, December 2023: AED 105,000 a yearNew contract, March 2025: AED 150,000 a yearNew contract, March 2025: AED 150,000 a year

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 1610 sits

All 124 2-beds →

1610 last sold in August 2024 at AED 1,549 per sqft, 6% below 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. 1610's AED 150,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Oct 20262,900,000
22 Jul 20263,032,777
16 Jul 20262,975,000
1 May 20262,950,000
6 2-bed sales in the last 12 months

Park Gate Residences 3

Building

165 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%
Park Gate Residences 3, Al Kifaf: prices, sales and rents →

Other units on the 16th floor

All 165 units in Park Gate Residences 3
Value
16012-bedAED 2.8M · Jul 2024
16021-bedAED 1.75M · May 2024
16032-bedAED 2.8M · Jun 2024
16042-bedAED 2.55M · Jul 2024
16052-bedAED 2.75M · Jul 2024
16062-bedAED 2.5M · Aug 2024
16071-bedAED 1.65M · Aug 2024
1–7 of 9

1610, Park Gate Residences 3 in numbers

  • Sold twice: first on 26 February 2018 for AED 1,942,080, last on 30 August 2024 for AED 2,400,000 (AED 1,549 per sqft).
  • Rented since December 2021 on 5 Ejari contracts, from AED 105,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2024 price is 6.3%.
  • 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 1 March 2025.

Questions about 1610, Park Gate Residences 3

What did unit 1610 last sell for?

AED 2,400,000 on 30 August 2024: AED 1,549 per sqft for 1,549 sqft. The unit has 2 registered sales; the first was AED 1,942,080 in February 2018.

What is the rent for unit 1610?

AED 150,000 a year on the contract signed on 1 March 2025. The previous contract, from March 2025, was AED 150,000; the unit has been rented since December 2021.

How big is unit 1610?

1,549 sqft (143.9 sqm): a two-bedroom apartment on the 16th floor of a 20-storey tower completed in 2020.

What is unit 1610 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 1610, Park Gate Residences 3

Starts from the last sale price (AED 2.4M, 30 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →