2-bed · 1,610 sqftPark Gate Residences 4, Al Kifaf · 15th floor · completed 2020

1509, Park Gate Residences 4

Sold prices and rental history: sold twice, last in September 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1509 · DLD and Ejari recordsUpdated 6 September 2020
Last soldAED 1.63M6 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1509, Park Gate Residences 4

What is 1509 worth today?

Last sold for AED 1,630,000 in 2020

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6 Sep 2020SoldOff-plan
AED 1,630,000AED 1,012 per sqft
18 Jan 2018Sold by developerOff-plan
AED 1,962,000AED 1,218 per sqft

Source: Dubai Land Department. Updated 6 September 2020.

Key facts

Type
2-bed apartment
Size
1,610 sqft
Floor
15th of 27
Parking
B1-061
Developer
Wasl
Completed
2020
Last sold
AED 1.63M · September 2020

About 1509, Park Gate Residences 4

1509 is a two-bedroom apartment of 1,610 sqft on the 15th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 6 September 2020 for AED 1,630,000, or AED 1,012 per sqft, 18% below the AED 1,241 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1509 over time

Sales
Unit 1509, 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 1,962,000 (AED 1,218 per sqft)Sold, September 2020: AED 1,630,000 (AED 1,012 per sqft)

1509 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1509, 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 1509 sits

All 108 2-beds →

1509 last sold in September 2020 at AED 1,012 per sqft, 18% below what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,241). 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 15th floor

All 207 units in Park Gate Residences 4
Value
15012-bedAED 2.65M · Mar 2024
15021-bedAED 1.56M · Mar 2018
15032-bedAED 2M · Mar 2021
15042-bedAED 1.92M · Jan 2018
15052-bedAED 2.1M · Apr 2022
15062-bedAED 2.65M · Jul 2026
15071-bedAED 1.83M · Feb 2025
1–7 of 9

1509, Park Gate Residences 4 in numbers

  • Sold twice: first on 18 January 2018 for AED 1,962,000, last on 6 September 2020 for AED 1,630,000 (AED 1,012 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 6 September 2020.

Questions about 1509, Park Gate Residences 4

What did unit 1509 last sell for?

AED 1,630,000 on 6 September 2020: AED 1,012 per sqft for 1,610 sqft. The unit has 2 registered sales; the first was AED 1,962,000 in January 2018.

How big is unit 1509?

1,610 sqft (149.6 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2020.

What is unit 1509 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 1509, Park Gate Residences 4

Starts from the last sale price (AED 1.63M, 6 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,630,000
Deposit, UAE resident (20%)
AED 326,000
Deposit, non-resident (40%)
AED 652,000
Monthly over 25 years at 3.7%
AED 6,669

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