3-bed · 2,060 sqftPark Gate Residences 4, Al Kifaf · 25th floor · completed 2020

2503, Park Gate Residences 4

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

Unit 2503 · DLD and Ejari recordsUpdated 22 February 2022
Last soldAED 3.58M22 February 2022
Current rentAED 145K /yr17 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2503, Park Gate Residences 4

What is 2503 worth today?

Last sold for AED 3,575,000 in 2022

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22 Feb 2022SoldReady
AED 3,575,000AED 1,735 per sqft
17 Jul 2021RentedNew contract
AED 145,000/yr12 months · AED 71 per sqft
14 May 2018Sold by developerOff-plan
AED 3,297,000AED 1,600 per sqft

Source: Dubai Land Department. Updated 22 February 2022.

Key facts

Type
3-bed apartment
Size
2,060 sqft
Floor
25th of 27
Parking
CD2-045, CD2-046
Developer
Wasl
Completed
2020
Last sold
AED 3.58M · February 2022

About 2503, Park Gate Residences 4

2503 is a three-bedroom apartment of 2,060 sqft on the 25th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 22 February 2022 for AED 3,575,000, or AED 1,735 per sqft, 25% above the AED 1,387 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 17 July 2021. The current contract, signed on 17 July 2021, is AED 145,000 a year: a gross yield of 4.1% on the 2022 price.

Sales and rents for 2503 over time

Sales
Unit 2503, 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, May 2018: AED 3,297,000 (AED 1,600 per sqft)Sold, February 2022: AED 3,575,000 (AED 1,735 per sqft)

2503 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2503, 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, July 2021: AED 145,000 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 2503 sits

All 50 3-beds →

2503 last sold in February 2022 at AED 1,735 per sqft, 25% above what three-beds in Park Gate Residences 4 were fetching at the time (AED 1,387). 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. 2503's AED 145,000 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 25th floor

All 207 units in Park Gate Residences 4
Value
25013-bedAED 3.15M · Feb 2021
25021-bedAED 2.2M · Dec 2025
25043-bedAED 4.35M · Dec 2024
25053-bedAED 3.28M · Jun 2022
25061-bedAED 1.6M · May 2023
25073-bedAED 3.66M · Mar 2023
25083-bedAED 3.05M · Jan 2022

2503, Park Gate Residences 4 in numbers

  • Sold twice: first on 14 May 2018 for AED 3,297,000, last on 22 February 2022 for AED 3,575,000 (AED 1,735 per sqft).
  • Rented since July 2021 on one Ejari contract, at AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2022 price is 4.1%.
  • 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 22 February 2022.

Questions about 2503, Park Gate Residences 4

What did unit 2503 last sell for?

AED 3,575,000 on 22 February 2022: AED 1,735 per sqft for 2,060 sqft. The unit has 2 registered sales; the first was AED 3,297,000 in May 2018.

What is the rent for unit 2503?

AED 145,000 a year on the contract signed on 17 July 2021.

How big is unit 2503?

2,060 sqft (191.4 sqm): a three-bedroom apartment on the 25th floor of a 27-storey tower completed in 2020.

What is unit 2503 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 2503, Park Gate Residences 4

Starts from the last sale price (AED 3.58M, 22 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,575,000
Deposit, UAE resident (20%)
AED 715,000
Deposit, non-resident (40%)
AED 1,430,000
Monthly over 25 years at 3.7%
AED 14,626

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