1-bed · 994 sqftPark Gate Residences 4, Al Kifaf · 13th floor · completed 2020

1302, Park Gate Residences 4

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

Unit 1302 · DLD and Ejari recordsUpdated 15 November 2023
Last soldAED 1.66M8 June 2022
Current rentAED 106K /yr15 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1302, Park Gate Residences 4

What is 1302 worth today?

Last sold for AED 1,658,777 in 2022

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15 Nov 2023RentedNew contract
AED 106,000/yr12 months · AED 107 per sqft
1 Oct 2022RentedNew contract
AED 88,000/yr12 months · AED 89 per sqft
8 Jun 2022Sold by developerReady
AED 1,658,777AED 1,667 per sqft

Source: Dubai Land Department. Updated 15 November 2023.

Key facts

Type
1-bed apartment
Size
994 sqft
Floor
13th of 27
Parking
B1-083
Developer
Wasl
Completed
2020
Last sold
AED 1.66M · June 2022

About 1302, Park Gate Residences 4

1302 is a one-bedroom apartment of 994 sqft on the 13th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 8 June 2022 for AED 1,658,777, or AED 1,667 per sqft, 6% above the AED 1,568 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 15 November 2023, is AED 106,000 a year: a gross yield of 6.4% on the 2022 price.

Sales and rents for 1302 over time

Sales
Unit 1302, each saleTypical one-bed in Park Gate Residences 4
1.5M1.75M2M20182020202220242026Typical sale price by year: 2018 AED 1,490,500; 2021 AED 1,526,889; 2022 AED 1,577,889; 2023 AED 1,550,000; 2024 AED 1,912,500; 2025 AED 1,975,000Sold by developer, June 2022: AED 1,658,777 (AED 1,667 per sqft)

1302 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1302, each contractTypical one-bed in Park Gate Residences 4
80K100K2021202320252027Typical rent by year: 2021 AED 68,000; 2022 AED 77,419; 2023 AED 95,000; 2024 AED 100,000; 2025 AED 110,000; 2026 AED 102,500New contract, October 2022: AED 88,000 a yearNew contract, November 2023: AED 106,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Park Gate Residences 4, and where 1302 sits

All 44 1-beds →

1302 last sold in June 2022 at AED 1,667 per sqft, 6% above what one-beds in Park Gate Residences 4 were fetching at the time (AED 1,568). Over the last 12 months one-beds sold for AED 2,005,500 to 2,200,000, around AED 2,121 per sqft, and rent for AED 80,000 to 115,000 a year. 1302's AED 106,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Mar 20262,005,500
24 Dec 20252,200,000
31 Oct 20251,900,000
15 Oct 20251,830,000
2 1-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
13012-bedAED 2.48M · Aug 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

1302, Park Gate Residences 4 in numbers

  • Sold once: by Wasl on 8 June 2022 for AED 1,658,777, or AED 1,667 per sqft.
  • Rented since October 2022 on 2 Ejari contracts, from AED 88,000 to AED 106,000 a year.
  • At AED 106,000 a year the gross yield on the 2022 price is 6.4%.
  • One-beds in Park Gate Residences 4 sold for AED 2,005,500–2,200,000 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 15 November 2023.

Questions about 1302, Park Gate Residences 4

What did unit 1302 last sell for?

AED 1,658,777 on 8 June 2022, sold by the developer: AED 1,667 per sqft for 994 sqft. It is the only registered sale of the unit.

What is the rent for unit 1302?

AED 106,000 a year on the contract signed on 15 November 2023. The previous contract, from October 2022, was AED 88,000.

How big is unit 1302?

994 sqft (92.3 sqm): a one-bedroom apartment on the 13th floor of a 27-storey tower completed in 2020.

What is unit 1302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Gate Residences 4 sold for AED 2,005,500 to 2,200,000 in the last 12 months, around AED 2,121 per sqft.

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Mortgage on 1302, Park Gate Residences 4

Starts from the last sale price (AED 1.66M, 8 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,658,777
Deposit, UAE resident (20%)
AED 331,755
Deposit, non-resident (40%)
AED 663,511
Monthly over 25 years at 3.7%
AED 6,787

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