2-bed · 1,630 sqftPark Gate Residences 3, Al Kifaf · 7th floor · completed 2020

708, Park Gate Residences 3

Sold prices and rental history: sold once, by the developer in March 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 5 March 2018
Last soldAED 1.87M5 March 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 708, Park Gate Residences 3

What is 708 worth today?

Last sold for AED 1,867,000 in 2018

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5 Mar 2018Sold by developerOff-plan
AED 1,867,000AED 1,145 per sqft

Source: Dubai Land Department. Updated 5 March 2018.

Key facts

Type
2-bed apartment
Size
1,630 sqft
Floor
7th of 20
Parking
B2-037
Developer
Wasl
Completed
2020
Last sold
AED 1.87M · March 2018

About 708, Park Gate Residences 3

708 is a two-bedroom apartment of 1,630 sqft on the 7th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 5 March 2018 for AED 1,867,000, or AED 1,145 per sqft, 6% below the AED 1,219 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 708 over time

Sales
Unit 708, each saleTypical two-bed in Park Gate Residences 3
2M3M2018202120242027Typical 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, March 2018: AED 1,867,000 (AED 1,145 per sqft)

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

Rents
Unit 708, 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 150,000

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 708 sits

All 124 2-beds →

708 last sold in March 2018 at AED 1,145 per sqft, 6% below what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,219). 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.

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 7th floor

All 165 units in Park Gate Residences 3
Value
7012-bedAED 2.5M · Mar 2022
7021-bedAED 1.54M · Mar 2018
7032-bedAED 2.66M · Sep 2023
7042-bedAED 2.98M · Jul 2026
7052-bedAED 1.93M · Apr 2018
7062-bedAED 2.95M · May 2026
7071-bedAED 1.41M · Feb 2018
1–7 of 9

708, Park Gate Residences 3 in numbers

  • Sold once: by Wasl on 5 March 2018 for AED 1,867,000, or AED 1,145 per sqft.
  • 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 5 March 2018.

Questions about 708, Park Gate Residences 3

What did unit 708 last sell for?

AED 1,867,000 on 5 March 2018, sold by the developer: AED 1,145 per sqft for 1,630 sqft. It is the only registered sale of the unit.

How big is unit 708?

1,630 sqft (151.4 sqm): a two-bedroom apartment on the 7th floor of a 20-storey tower completed in 2020.

What is unit 708 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 708, Park Gate Residences 3

Starts from the last sale price (AED 1.87M, 5 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,867,000
Deposit, UAE resident (20%)
AED 373,400
Deposit, non-resident (40%)
AED 746,800
Monthly over 25 years at 3.7%
AED 7,638

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