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2-bed · 1,617 sqftPark Gate Residences 3, Al Kifaf · 20th floor · completed 2020

2005, Park Gate Residences 3

Sold prices and rental history: sold twice, last in June 2022, and rented once, from June 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2005 · DLD and Ejari recordsUpdated 16 June 2022
Last soldAED 2.29M16 June 2022
Current rentAED 85K /yr25 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2005, Park Gate Residences 3

What is 2005 worth today?

Last sold for AED 2,285,000 in 2022

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16 Jun 2022SoldReady
AED 2,285,000AED 1,413 per sqft
25 Jun 2021RentedNew contract
AED 85,000/yr12 months · AED 53 per sqft
24 Apr 2018Sold by developerOff-plan
AED 2,089,000AED 1,292 per sqft

Source: Dubai Land Department. Updated 16 June 2022.

Key facts

Type
2-bed apartment
Size
1,617 sqft
Floor
20th of 20
Parking
CD4-006
Developer
Wasl
Completed
2020
Last sold
AED 2.29M · June 2022
Building
Park Gate Residences 3

About 2005, Park Gate Residences 3

2005 is a two-bedroom apartment of 1,617 sqft on the 20th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 16 June 2022 for AED 2,285,000, or AED 1,413 per sqft, 6% above the AED 1,329 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 June 2021. The current contract, signed on 25 June 2021, is AED 85,000 a year: a gross yield of 3.7% on the 2022 price.

Sales and rents for 2005 over time

Sales
Unit 2005, 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, April 2018: AED 2,089,000 (AED 1,292 per sqft)Sold, June 2022: AED 2,285,000 (AED 1,413 per sqft)

2005 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2005, each contractTypical two-bed in Park Gate Residences 3
100K150K2021202320252027Typical 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, June 2021: AED 85,000 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 2005 sits

All 124 2-beds →

2005 last sold in June 2022 at AED 1,413 per sqft, 6% above what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,329). 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. 2005's AED 85,000 is at the bottom 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 20th floor

All 165 units in Park Gate Residences 3
Value
20012-bedAED 2.67M · Apr 2022
20021-bedAED 1.7M · Apr 2022
20032-bedAED 2.64M · Mar 2022
20042-bedAED 2.12M · May 2021
20062-bedAED 2.13M · Mar 2022
20071-bedAED 1.61M · Jun 2022
20082-bedAED 2.13M · Jun 2022
1–7 of 9

2005, Park Gate Residences 3 in numbers

  • Sold twice: first on 24 April 2018 for AED 2,089,000, last on 16 June 2022 for AED 2,285,000 (AED 1,413 per sqft).
  • Rented since June 2021 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2022 price is 3.7%.
  • 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 16 June 2022.

Questions about 2005, Park Gate Residences 3

What did unit 2005 last sell for?

AED 2,285,000 on 16 June 2022: AED 1,413 per sqft for 1,617 sqft. The unit has 2 registered sales; the first was AED 2,089,000 in April 2018.

What is the rent for unit 2005?

AED 85,000 a year on the contract signed on 25 June 2021.

How big is unit 2005?

1,617 sqft (150.2 sqm): a two-bedroom apartment on the 20th floor of a 20-storey tower completed in 2020.

What is unit 2005 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 2005, Park Gate Residences 3

Starts from the last sale price (AED 2.29M, 16 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,285,000
Deposit, UAE resident (20%)
AED 457,000
Deposit, non-resident (40%)
AED 914,000
Monthly over 25 years at 3.7%
AED 9,349

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