3-bed · 2,155 sqftPark Gate Residences 4, Al Kifaf · 23rd floor · completed 2020

2305, Park Gate Residences 4

Sold prices and rental history: sold twice, last in October 2022, and rented once, from April 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2305 · DLD and Ejari recordsUpdated 27 October 2022
Last soldAED 3.23M27 October 2022
Current rentAED 120K /yr25 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2305, Park Gate Residences 4

What is 2305 worth today?

Last sold for AED 3,225,000 in 2022

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27 Oct 2022SoldReady
AED 3,225,000AED 1,496 per sqft
25 Apr 2021RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft
8 Feb 2018Sold by developerOff-plan
AED 2,853,000AED 1,323 per sqft

Source: Dubai Land Department. Updated 27 October 2022.

Key facts

Type
3-bed apartment
Size
2,155 sqft
Floor
23rd of 27
Parking
CD4-047, CD4-048
Developer
Wasl
Completed
2020
Last sold
AED 3.23M · October 2022

About 2305, Park Gate Residences 4

2305 is a three-bedroom apartment of 2,155 sqft on the 23rd floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 27 October 2022 for AED 3,225,000, or AED 1,496 per sqft, in line with the AED 1,497 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 April 2021. The current contract, signed on 25 April 2021, is AED 120,000 a year: a gross yield of 3.7% on the 2022 price.

Sales and rents for 2305 over time

Sales
Unit 2305, 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 2,853,000 (AED 1,323 per sqft)Sold, October 2022: AED 3,225,000 (AED 1,496 per sqft)

2305 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2305, 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, April 2021: AED 120,000 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 2305 sits

All 50 3-beds →

2305 last sold in October 2022 at AED 1,496 per sqft, in line with what three-beds in Park Gate Residences 4 were fetching at the time (AED 1,497). 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. 2305's AED 120,000 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 23rd floor

All 207 units in Park Gate Residences 4
Value
23013-bedAED 3.27M · May 2021
23021-bedAED 1.61M · Jan 2018
23033-bedAED 3.27M · Feb 2018
23043-bedAED 2.94M · Feb 2018
23061-bedAED 2.01M · Mar 2026
23073-bedAED 3.22M · Oct 2022
23083-bedAED 2.94M · Feb 2018

2305, Park Gate Residences 4 in numbers

  • Sold twice: first on 8 February 2018 for AED 2,853,000, last on 27 October 2022 for AED 3,225,000 (AED 1,496 per sqft).
  • Rented since April 2021 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2022 price is 3.7%.
  • 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 27 October 2022.

Questions about 2305, Park Gate Residences 4

What did unit 2305 last sell for?

AED 3,225,000 on 27 October 2022: AED 1,496 per sqft for 2,155 sqft. The unit has 2 registered sales; the first was AED 2,853,000 in February 2018.

What is the rent for unit 2305?

AED 120,000 a year on the contract signed on 25 April 2021.

How big is unit 2305?

2,155 sqft (200.2 sqm): a three-bedroom apartment on the 23rd floor of a 27-storey tower completed in 2020.

What is unit 2305 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 2305, Park Gate Residences 4

Starts from the last sale price (AED 3.23M, 27 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,225,000
Deposit, UAE resident (20%)
AED 645,000
Deposit, non-resident (40%)
AED 1,290,000
Monthly over 25 years at 3.7%
AED 13,194

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