1602, Park Gate Residences 4
Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Park Gate Residences 4
What is 1602 worth today?
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Source: Dubai Land Department. Updated 1 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 994 sqft
- Floor
- 16th of 27
- Parking
- CD2-058
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.88M · April 2024
- Building
- Park Gate Residences 4
About 1602, Park Gate Residences 4
1602 is a one-bedroom apartment of 994 sqft on the 16th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 15 April 2024 for AED 1,875,000, or AED 1,885 per sqft, 15% above the AED 1,643 one-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 1 March 2025, is AED 110,000 a year: a gross yield of 5.9% on the 2024 price.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the one-bed median of each year in the building.
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 1602 sits
All 44 1-beds →1602 last sold in April 2024 at AED 1,885 per sqft, 15% above what one-beds in Park Gate Residences 4 were fetching at the time (AED 1,643). 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. 1602's AED 110,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Mar 202611 March 2026 | 987 sqft | 2,005,500 | 2,031 | ||
| 24 Dec 202524 December 2025 | 995 sqft | 2,200,000 | 2,211 | ||
| 31 Oct 202531 October 2025 | 987 sqft | 1,900,000 | 1,924 | ||
| 15 Oct 202515 October 2025 | 987 sqft | 1,830,000 | 1,853 |
Park Gate Residences 4
Building207 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%
Other units on the 16th floor
All 207 units in Park Gate Residences 4| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,572 sqft | AED 2.6MAED 2,600,000 · Mar 2022March 2022 | 160,000 /yr | |
| 1603 | 2-bed | 1,479 sqft | AED 2.58MAED 2,579,777 · Apr 2022April 2022 | 164,000 /yr | |
| 1604 | 2-bed | 1,554 sqft | AED 1.93MAED 1,926,000 · Feb 2018February 2018 | 140,000 /yr | |
| 1605 | 2-bed | 1,611 sqft | AED 3.45MAED 3,450,000 · Apr 2026April 2026 | 92,000 /yr | |
| 1606 | 2-bed | 1,556 sqft | AED 2.5MAED 2,500,000 · Feb 2024February 2024 | 115,000 /yr | |
| 1607 | 1-bed | 987 sqft | AED 1.83MAED 1,830,000 · Oct 2025October 2025 | 82,500 /yr | |
| 1608 | 2-bed | 1,634 sqft | AED 3.03MAED 3,025,000 · Sep 2026September 2026 | 130,000 /yr | |
| 1609 | 2-bed | 1,610 sqft | AED 3.03MAED 3,025,000 · Mar 2025March 2025 | 130,000 /yr | |
| 1610 | 2-bed | 1,555 sqft | AED 1.91MAED 1,909,000 · Feb 2018February 2018 | 150,000 /yr |
1602, Park Gate Residences 4 in numbers
- Sold twice: first on 24 April 2018 for AED 1,567,000, last on 15 April 2024 for AED 1,875,000 (AED 1,885 per sqft).
- Rented since March 2023 on 4 Ejari contracts, at AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2024 price is 5.9%.
- 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 1 March 2025.
Questions about 1602, Park Gate Residences 4
What did unit 1602 last sell for?
AED 1,875,000 on 15 April 2024: AED 1,885 per sqft for 994 sqft. The unit has 2 registered sales; the first was AED 1,567,000 in April 2018.
What is the rent for unit 1602?
AED 110,000 a year on the contract renewed on 1 March 2025. The previous contract, from March 2025, was AED 110,000; the unit has been rented since March 2023.
How big is unit 1602?
994 sqft (92.3 sqm): a one-bedroom apartment on the 16th floor of a 27-storey tower completed in 2020.
What is unit 1602 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 1602, Park Gate Residences 4
Starts from the last sale price (AED 1.88M, 15 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,875,000
- Deposit, UAE resident (20%)
- AED 375,000
- Deposit, non-resident (40%)
- AED 750,000
- Monthly over 25 years at 3.7%
- AED 7,671
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →