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2-bed · 1,528 sqftPark Gate Residences 4, Al Kifaf · 13th floor · completed 2020

1309, Park Gate Residences 4

Sold prices and rental history: sold twice, last in September 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1309 · DLD and Ejari recordsUpdated 28 September 2023
Last soldAED 2.25M28 September 2023
Current rentAED 105K /yr1 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1309, Park Gate Residences 4

What is 1309 worth today?

Last sold for AED 2,250,000 in 2023

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28 Sep 2023SoldReady
AED 2,250,000AED 1,472 per sqft
1 Jul 2023RentedNew contract
AED 105,000/yr12 months · AED 69 per sqft
1 Jul 2022RentedRenewal
AED 95,000/yr12 months · AED 62 per sqft
1 Jul 2021RentedNew contract
AED 90,000/yr12 months · AED 59 per sqft
11 Feb 2018Sold by developerOff-plan
AED 1,930,000AED 1,263 per sqft

Source: Dubai Land Department. Updated 28 September 2023.

Key facts

Type
2-bed apartment
Size
1,528 sqft
Floor
13th of 27
Parking
B1-059
Developer
Wasl
Completed
2020
Last sold
AED 2.25M · September 2023
Building
Park Gate Residences 4

About 1309, Park Gate Residences 4

1309 is a two-bedroom apartment of 1,528 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 28 September 2023 for AED 2,250,000, or AED 1,472 per sqft, in line with the AED 1,472 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 July 2023, is AED 105,000 a year: a gross yield of 4.7% on the 2023 price.

Sales and rents for 1309 over time

Sales
Unit 1309, 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 1,930,000 (AED 1,263 per sqft)Sold, September 2023: AED 2,250,000 (AED 1,472 per sqft)

1309 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1309, 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, July 2021: AED 90,000 a yearRenewal, July 2022: AED 95,000 a yearNew contract, July 2023: AED 105,000 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 1309 sits

All 108 2-beds →

1309 last sold in September 2023 at AED 1,472 per sqft, in line with what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,472). 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. 1309's AED 105,000 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
13012-bedAED 2.48M · Aug 2022
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
1–7 of 9

1309, Park Gate Residences 4 in numbers

  • Sold twice: first on 11 February 2018 for AED 1,930,000, last on 28 September 2023 for AED 2,250,000 (AED 1,472 per sqft).
  • Rented since July 2021 on 3 Ejari contracts, from AED 90,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2023 price is 4.7%.
  • 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 28 September 2023.

Questions about 1309, Park Gate Residences 4

What did unit 1309 last sell for?

AED 2,250,000 on 28 September 2023: AED 1,472 per sqft for 1,528 sqft. The unit has 2 registered sales; the first was AED 1,930,000 in February 2018.

What is the rent for unit 1309?

AED 105,000 a year on the contract signed on 1 July 2023. The previous contract, from July 2022, was AED 95,000; the unit has been rented since July 2021.

How big is unit 1309?

1,528 sqft (142.0 sqm): a two-bedroom apartment on the 13th floor of a 27-storey tower completed in 2020.

What is unit 1309 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 1309, Park Gate Residences 4

Starts from the last sale price (AED 2.25M, 28 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

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