3-bed · 2,162 sqftPark Gate Residences 4, Al Kifaf · 26th floor · completed 2020

2604, Park Gate Residences 4

Sold prices and rental history: sold 3 times, last in May 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2604 · DLD and Ejari recordsUpdated 13 May 2024
Last soldAED 4.18M13 May 2024
Current rentAED 137K /yr12 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2604, Park Gate Residences 4

What is 2604 worth today?

Last sold for AED 4,175,000 in 2024

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13 May 2024SoldReady
AED 4,175,000AED 1,931 per sqft
12 May 2023RentedRenewal
AED 137,000/yr9 months · AED 63 per sqft
12 Sep 2022RentedNew contract
AED 137,000/yr8 months · AED 63 per sqft
15 Apr 2022SoldReady
AED 3,435,000AED 1,588 per sqft
12 Sep 2021RentedNew contract
AED 137,000/yr12 months · AED 63 per sqft
23 Dec 2019Sold by developerOff-plan
AED 2,980,000AED 1,378 per sqft

Source: Dubai Land Department. Updated 13 May 2024.

Key facts

Type
3-bed apartment
Size
2,162 sqft
Floor
26th of 27
Parking
B1-054, B1-055
Developer
Wasl
Completed
2020
Last sold
AED 4.18M · May 2024

About 2604, Park Gate Residences 4

2604 is a three-bedroom apartment of 2,162 sqft on the 26th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 13 May 2024 for AED 4,175,000, or AED 1,931 per sqft.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 12 May 2023, is AED 137,000 a year: a gross yield of 3.3% on the 2024 price.

Sales and rents for 2604 over time

Sales
Unit 2604, 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, December 2019: AED 2,980,000 (AED 1,378 per sqft)Sold, April 2022: AED 3,435,000 (AED 1,588 per sqft)Sold, May 2024: AED 4,175,000 (AED 1,931 per sqft)

2604 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2604, 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, September 2021: AED 137,000 a yearNew contract, September 2022: AED 137,000 a yearRenewal, May 2023: AED 137,000 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 2604 sits

All 50 3-beds →

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. 2604's AED 137,000 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 26th floor

All 207 units in Park Gate Residences 4
Value
26013-bedAED 3.31M · Feb 2018
26021-bedAED 1.53M · Sep 2021
26033-bedAED 3.05M · Jun 2021
26053-bedAED 2.95M · Oct 2021
26061-bedAED 1.64M · May 2023
26073-bedAED 2.96M · Mar 2018
26083-bedAED 3M · Jan 2022

2604, Park Gate Residences 4 in numbers

  • Sold 3 times: first on 23 December 2019 for AED 2,980,000, last on 13 May 2024 for AED 4,175,000 (AED 1,931 per sqft).
  • Rented since September 2021 on 3 Ejari contracts, at AED 137,000 a year.
  • At AED 137,000 a year the gross yield on the 2024 price is 3.3%.
  • 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 May 2024.

Questions about 2604, Park Gate Residences 4

What did unit 2604 last sell for?

AED 4,175,000 on 13 May 2024: AED 1,931 per sqft for 2,162 sqft. The unit has 3 registered sales; the first was AED 2,980,000 in December 2019.

What is the rent for unit 2604?

AED 137,000 a year on the contract renewed on 12 May 2023. The previous contract, from September 2022, was AED 137,000; the unit has been rented since September 2021.

How big is unit 2604?

2,162 sqft (200.9 sqm): a three-bedroom apartment on the 26th floor of a 27-storey tower completed in 2020.

What is unit 2604 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 2604, Park Gate Residences 4

Starts from the last sale price (AED 4.18M, 13 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,175,000
Deposit, UAE resident (20%)
AED 835,000
Deposit, non-resident (40%)
AED 1,670,000
Monthly over 25 years at 3.7%
AED 17,081

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