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2-bed · 1,572 sqftPark Gate Residences 4, Al Kifaf · 13th floor · completed 2020

1301, Park Gate Residences 4

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

Unit 1301 · DLD and Ejari recordsUpdated 1 August 2022
Last soldAED 2.48M1 August 2022
Current rentAED 90K /yr1 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1301, Park Gate Residences 4

What is 1301 worth today?

Last sold for AED 2,475,000 in 2022

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1 Aug 2022SoldReady
AED 2,475,000AED 1,574 per sqft
1 May 2022RentedRenewal
AED 90,000/yr12 months · AED 57 per sqft
1 May 2021RentedNew contract
AED 90,000/yr12 months · AED 57 per sqft
11 Feb 2018Sold by developerOff-plan
AED 2,392,000AED 1,521 per sqft

Source: Dubai Land Department. Updated 1 August 2022.

Key facts

Type
2-bed apartment
Size
1,572 sqft
Floor
13th of 27
Parking
B1-216
Developer
Wasl
Completed
2020
Last sold
AED 2.48M · August 2022
Building
Park Gate Residences 4

About 1301, Park Gate Residences 4

1301 is a two-bedroom apartment of 1,572 sqft on the 13th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 1 August 2022 for AED 2,475,000, or AED 1,574 per sqft, 21% above the AED 1,305 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 1 May 2022, is AED 90,000 a year: a gross yield of 3.6% on the 2022 price.

Sales and rents for 1301 over time

Sales
Unit 1301, 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, February 2018: AED 2,392,000 (AED 1,521 per sqft)Sold, August 2022: AED 2,475,000 (AED 1,574 per sqft)

1301 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1301, 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 140,000New contract, May 2021: AED 90,000 a yearRenewal, May 2022: AED 90,000 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 1301 sits

All 108 2-beds →

1301 last sold in August 2022 at AED 1,574 per sqft, 21% above what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,305). 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. 1301's AED 90,000 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 13th floor

All 207 units in Park Gate Residences 4
Value
13021-bedAED 1.66M · Jun 2022
13032-bedAED 2.56M · Apr 2022
13042-bedAED 3.1M · Mar 2026
13052-bedAED 3M · Sep 2026
13062-bedAED 1.85M · Jan 2018
13071-bedAED 1.4M · Feb 2018
13082-bedAED 1.75M · Jun 2021
1–7 of 9

1301, Park Gate Residences 4 in numbers

  • Sold twice: first on 11 February 2018 for AED 2,392,000, last on 1 August 2022 for AED 2,475,000 (AED 1,574 per sqft).
  • Rented since May 2021 on 2 Ejari contracts, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2022 price is 3.6%.
  • 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 1 August 2022.

Questions about 1301, Park Gate Residences 4

What did unit 1301 last sell for?

AED 2,475,000 on 1 August 2022: AED 1,574 per sqft for 1,572 sqft. The unit has 2 registered sales; the first was AED 2,392,000 in February 2018.

What is the rent for unit 1301?

AED 90,000 a year on the contract renewed on 1 May 2022. The previous contract, from May 2021, was AED 90,000.

How big is unit 1301?

1,572 sqft (146.0 sqm): a two-bedroom apartment on the 13th floor of a 27-storey tower completed in 2020.

What is unit 1301 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 1301, Park Gate Residences 4

Starts from the last sale price (AED 2.48M, 1 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,475,000
Deposit, UAE resident (20%)
AED 495,000
Deposit, non-resident (40%)
AED 990,000
Monthly over 25 years at 3.7%
AED 10,126

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