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2-bed · 1,610 sqftPark Gate Residences 4, Al Kifaf · 12th floor · completed 2020

1205, Park Gate Residences 4

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

Unit 1205 · DLD and Ejari recordsUpdated 16 March 2022
Last soldAED 2.11M16 March 2022
Current rentAED 85K /yr29 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1205, Park Gate Residences 4

What is 1205 worth today?

Last sold for AED 2,110,000 in 2022

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16 Mar 2022SoldReady
AED 2,110,000AED 1,310 per sqft
29 May 2021RentedNew contract
AED 85,000/yr12 months · AED 53 per sqft
23 Jan 2018Sold by developerOff-plan
AED 1,935,000AED 1,202 per sqft

Source: Dubai Land Department. Updated 16 March 2022.

Key facts

Type
2-bed apartment
Size
1,610 sqft
Floor
12th of 27
Parking
B1-062
Developer
Wasl
Completed
2020
Last sold
AED 2.11M · March 2022
Building
Park Gate Residences 4

About 1205, Park Gate Residences 4

1205 is a two-bedroom apartment of 1,610 sqft on the 12th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 16 March 2022 for AED 2,110,000, or AED 1,310 per sqft, 6% above the AED 1,237 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 29 May 2021. The current contract, signed on 29 May 2021, is AED 85,000 a year: a gross yield of 4.0% on the 2022 price.

Sales and rents for 1205 over time

Sales
Unit 1205, 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, January 2018: AED 1,935,000 (AED 1,202 per sqft)Sold, March 2022: AED 2,110,000 (AED 1,310 per sqft)

1205 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1205, each contractTypical two-bed in Park Gate Residences 4
100K150K2021202320252027Typical 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 140,000New contract, May 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 4, and where 1205 sits

All 108 2-beds →

1205 last sold in March 2022 at AED 1,310 per sqft, 6% above what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,237). 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. 1205's AED 85,000 is in the lower half of that range.

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 12th floor

All 207 units in Park Gate Residences 4
Value
12012-bedAED 2.38M · Feb 2018
12021-bedAED 1.54M · Mar 2018
12032-bedAED 2.38M · Jan 2018
12042-bedAED 1.87M · Feb 2018
12062-bedAED 1.84M · Mar 2018
12071-bedAED 1.39M · Feb 2018
12082-bedAED 1.84M · Feb 2018
1–7 of 9

1205, Park Gate Residences 4 in numbers

  • Sold twice: first on 23 January 2018 for AED 1,935,000, last on 16 March 2022 for AED 2,110,000 (AED 1,310 per sqft).
  • Rented since May 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 4.0%.
  • 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 16 March 2022.

Questions about 1205, Park Gate Residences 4

What did unit 1205 last sell for?

AED 2,110,000 on 16 March 2022: AED 1,310 per sqft for 1,610 sqft. The unit has 2 registered sales; the first was AED 1,935,000 in January 2018.

What is the rent for unit 1205?

AED 85,000 a year on the contract signed on 29 May 2021.

How big is unit 1205?

1,610 sqft (149.6 sqm): a two-bedroom apartment on the 12th floor of a 27-storey tower completed in 2020.

What is unit 1205 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 1205, Park Gate Residences 4

Starts from the last sale price (AED 2.11M, 16 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,110,000
Deposit, UAE resident (20%)
AED 422,000
Deposit, non-resident (40%)
AED 844,000
Monthly over 25 years at 3.7%
AED 8,633

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