3-bed · 2,162 sqftPark Gate Residences 4, Al Kifaf · 20th floor · completed 2020

2004, Park Gate Residences 4

Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2004 · DLD and Ejari recordsUpdated 13 June 2024
Last soldAED 2.9M13 June 2024
Current rentAED 132K /yr10 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2004, Park Gate Residences 4

What is 2004 worth today?

Last sold for AED 2,900,000 in 2024

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13 Jun 2024SoldReady
AED 2,900,000AED 1,341 per sqft
10 Jun 2024RentedRenewal
AED 132,300/yr12 months · AED 61 per sqft
10 Jun 2023RentedRenewal
AED 126,000/yr12 months · AED 59 per sqft
10 Jun 2022RentedRenewal
AED 126,000/yr12 months · AED 59 per sqft
10 Jun 2021RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft
11 Feb 2018Sold by developerOff-plan
AED 2,900,000AED 1,341 per sqft

Source: Dubai Land Department. Updated 13 June 2024.

Key facts

Type
3-bed apartment
Size
2,162 sqft
Floor
20th of 27
Parking
CD2-018, CD2-019
Developer
Wasl
Completed
2020
Last sold
AED 2.9M · June 2024

About 2004, Park Gate Residences 4

2004 is a three-bedroom apartment of 2,162 sqft on the 20th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 13 June 2024 for AED 2,900,000, or AED 1,341 per sqft, 28% below the AED 1,856 three-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 10 June 2024, is AED 132,300 a year: a gross yield of 4.6% on the 2024 price.

Sales and rents for 2004 over time

Sales
Unit 2004, each saleTypical three-bed in Park Gate Residences 4
3M4M2018202020222024Typical sale price by year: 2018 AED 2,956,000; 2020 AED 2,815,000; 2021 AED 3,098,500; 2022 AED 3,225,000; 2024 AED 4,137,500Sold by developer, February 2018: AED 2,900,000 (AED 1,341 per sqft)Sold, June 2024: AED 2,900,000 (AED 1,341 per sqft)

2004 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2004, each contractTypical three-bed in Park Gate Residences 4
150K200K2021202320252027Typical rent by year: 2021 AED 130,000; 2022 AED 150,000; 2023 AED 175,000; 2024 AED 208,500; 2025 AED 224,000; 2026 AED 220,000New contract, June 2021: AED 120,000 a yearRenewal, June 2022: AED 126,000 a yearRenewal, June 2023: AED 126,000 a yearRenewal, June 2024: AED 132,300 a year

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

3-beds in Park Gate Residences 4, and where 2004 sits

All 50 3-beds →

2004 last sold in June 2024 at AED 1,341 per sqft, 28% below what three-beds in Park Gate Residences 4 were fetching at the time (AED 1,856). Over the last 12 months three-beds sold for AED 3,750,000 to 3,850,000, around AED 1,687 per sqft, and rent for AED 195,000 to 250,000 a year. 2004's AED 132,300 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
19 Oct 20263,750,000
28 Jan 20263,850,000
17 Feb 20254,200,000
11 Dec 20244,350,000
2 3-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 20th floor

All 207 units in Park Gate Residences 4
Value
20013-bedAED 3.23M · Sep 2020
20021-bedAED 1.7M · May 2022
20033-bedAED 3.39M · May 2018
20053-bedAED 2.81M · Mar 2018
20061-bedAED 1.52M · Jul 2022
20073-bedAED 3.98M · Sep 2024
20083-bedAED 2.9M · Mar 2018

2004, Park Gate Residences 4 in numbers

  • Sold twice: first on 11 February 2018 for AED 2,900,000, last on 13 June 2024 for AED 2,900,000 (AED 1,341 per sqft).
  • Rented since June 2021 on 4 Ejari contracts, from AED 120,000 to AED 132,300 a year.
  • At AED 132,300 a year the gross yield on the 2024 price is 4.6%.
  • Three-beds in Park Gate Residences 4 sold for AED 3,750,000–3,850,000 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 13 June 2024.

Questions about 2004, Park Gate Residences 4

What did unit 2004 last sell for?

AED 2,900,000 on 13 June 2024: AED 1,341 per sqft for 2,162 sqft. The unit has 2 registered sales; the first was AED 2,900,000 in February 2018.

What is the rent for unit 2004?

AED 132,300 a year on the contract renewed on 10 June 2024. The previous contract, from June 2023, was AED 126,000; the unit has been rented since June 2021.

How big is unit 2004?

2,162 sqft (200.9 sqm): a three-bedroom apartment on the 20th floor of a 27-storey tower completed in 2020.

What is unit 2004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Park Gate Residences 4 sold for AED 3,750,000 to 3,850,000 in the last 12 months, around AED 1,687 per sqft.

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Mortgage on 2004, Park Gate Residences 4

Starts from the last sale price (AED 2.9M, 13 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

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