2-bed · 1,634 sqftPark Gate Residences 4, Al Kifaf · 10th floor · completed 2020

1008, Park Gate Residences 4

Sold prices and rental history: sold twice, last in August 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 30 August 2022
Last soldAED 2.03M30 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1008, Park Gate Residences 4

What is 1008 worth today?

Last sold for AED 2,025,000 in 2022

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30 Aug 2022SoldReady
AED 2,025,000AED 1,239 per sqft
26 Apr 2018Sold by developerOff-plan
AED 1,824,000AED 1,116 per sqft

Source: Dubai Land Department. Updated 30 August 2022.

Key facts

Type
2-bed apartment
Size
1,634 sqft
Floor
10th of 27
Parking
B2-072
Developer
Wasl
Completed
2020
Last sold
AED 2.03M · August 2022

About 1008, Park Gate Residences 4

1008 is a two-bedroom apartment of 1,634 sqft on the 10th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 30 August 2022 for AED 2,025,000, or AED 1,239 per sqft, 5% below the AED 1,310 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1008 over time

Sales
Unit 1008, each saleTypical two-bed in Park Gate Residences 4
2M3M2018202120242027Typical sale price by year: 2018 AED 1,897,000; 2019 AED 1,999,000; 2020 AED 1,877,000; 2021 AED 1,914,000; 2022 AED 2,370,777; 2023 AED 2,400,000; 2024 AED 2,485,000; 2025 AED 3,000,000; 2026 AED 2,800,000Sold by developer, April 2018: AED 1,824,000 (AED 1,116 per sqft)Sold, August 2022: AED 2,025,000 (AED 1,239 per sqft)

1008 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1008, each contractTypical two-bed in Park Gate Residences 4
100K125K150K2021202320252027Typical rent by year: 2021 AED 90,000; 2022 AED 110,000; 2023 AED 118,000; 2024 AED 133,500; 2025 AED 145,000; 2026 AED 140,000

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 4, and where 1008 sits

All 108 2-beds →

1008 last sold in August 2022 at AED 1,239 per sqft, 5% below what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,310). Over the last 12 months two-beds sold for AED 2,525,000 to 3,450,000, around AED 1,799 per sqft, and rent for AED 80,000 to 180,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Oct 20262,725,000
11 Sep 20263,000,000
11 Sep 20263,025,000
7 Aug 20262,525,000
12 2-bed sales in the last 12 months

Park Gate Residences 4

Building

207 apartments, 1-bed to 5-bed over 27 floors in Al Kifaf, completed in 2020 by Wasl. 16 sold in the last 12 months.

Typical price per sqft
AED 1,826 Down 5.1%
Typical sale
AED 2.8M
Typical rent
AED 135K /yr
Typical yield
5.3%
Park Gate Residences 4, Al Kifaf: prices, sales and rents →

Other units on the 10th floor

All 207 units in Park Gate Residences 4
Value
10012-bedAED 2.36M · May 2018
10021-bedAED 1.95M · Dec 2024
10032-bedAED 2.05M · Aug 2021
10042-bedAED 1.82M · Feb 2021
10052-bedAED 2.1M · Sep 2021
10062-bedAED 2.75M · Feb 2026
10071-bedAED 1.38M · Mar 2018
1–7 of 9

1008, Park Gate Residences 4 in numbers

  • Sold twice: first on 26 April 2018 for AED 1,824,000, last on 30 August 2022 for AED 2,025,000 (AED 1,239 per sqft).
  • Two-beds in Park Gate Residences 4 sold for AED 2,525,000–3,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,826 per sqft.

Source: Dubai Land Department. Updated 30 August 2022.

Questions about 1008, Park Gate Residences 4

What did unit 1008 last sell for?

AED 2,025,000 on 30 August 2022: AED 1,239 per sqft for 1,634 sqft. The unit has 2 registered sales; the first was AED 1,824,000 in April 2018.

How big is unit 1008?

1,634 sqft (151.8 sqm): a two-bedroom apartment on the 10th floor of a 27-storey tower completed in 2020.

What is unit 1008 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 4 sold for AED 2,525,000 to 3,450,000 in the last 12 months, around AED 1,799 per sqft.

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Mortgage on 1008, Park Gate Residences 4

Starts from the last sale price (AED 2.03M, 30 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,025,000
Deposit, UAE resident (20%)
AED 405,000
Deposit, non-resident (40%)
AED 810,000
Monthly over 25 years at 3.7%
AED 8,285

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