1606, Park Gate Residences 4
Sold prices and rental history: sold twice, last in February 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, Park Gate Residences 4
What is 1606 worth today?
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Source: Dubai Land Department. Updated 7 February 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,556 sqft
- Floor
- 16th of 27
- Parking
- CD2-032
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.5M · February 2024
- Building
- Park Gate Residences 4
About 1606, Park Gate Residences 4
1606 is a two-bedroom apartment of 1,556 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 7 February 2024 for AED 2,500,000, or AED 1,606 per sqft, 8% above the AED 1,482 two-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 1 July 2023, is AED 115,000 a year: a gross yield of 4.6% on the 2024 price.
Sales and rents for 1606 over time
1606 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1606 sits
All 108 2-beds →1606 last sold in February 2024 at AED 1,606 per sqft, 8% above what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,482). 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. 1606's AED 115,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Oct 202614 October 2026 | 1,554 sqft | 2,725,000 | 1,753 | ||
| 11 Sep 202611 September 2026 | 1,529 sqft | 3,000,000 | 1,962 | ||
| 11 Sep 202611 September 2026 | 1,634 sqft | 3,025,000 | 1,851 | ||
| 7 Aug 20267 August 2026 | 1,555 sqft | 2,525,000 | 1,624 |
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 | |
| 1602 | 1-bed | 994 sqft | AED 1.88MAED 1,875,000 · Apr 2024April 2024 | 110,000 /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 | |
| 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 |
1606, Park Gate Residences 4 in numbers
- Sold twice: first on 13 February 2018 for AED 1,864,000, last on 7 February 2024 for AED 2,500,000 (AED 1,606 per sqft).
- Rented since July 2021 on 3 Ejari contracts, from AED 84,000 to AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2024 price is 4.6%.
- 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 7 February 2024.
Questions about 1606, Park Gate Residences 4
What did unit 1606 last sell for?
AED 2,500,000 on 7 February 2024: AED 1,606 per sqft for 1,556 sqft. The unit has 2 registered sales; the first was AED 1,864,000 in February 2018.
What is the rent for unit 1606?
AED 115,000 a year on the contract renewed on 1 July 2023. The previous contract, from July 2022, was AED 91,000; the unit has been rented since July 2021.
How big is unit 1606?
1,556 sqft (144.6 sqm): a two-bedroom apartment on the 16th floor of a 27-storey tower completed in 2020.
What is unit 1606 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 1606, Park Gate Residences 4
Starts from the last sale price (AED 2.5M, 7 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →