2-bed · 1,634 sqftPark Gate Residences 4, Al Kifaf · 7th floor · completed 2020

706, Park Gate Residences 4

Sold prices and rental history: sold twice, last in January 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 18 January 2022
Last soldAED 1.87M18 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Park Gate Residences 4

What is 706 worth today?

Last sold for AED 1,867,000 in 2022

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18 Jan 2022SoldReady
AED 1,867,000AED 1,142 per sqft
19 Apr 2018Sold by developerOff-plan
AED 1,867,000AED 1,142 per sqft

Source: Dubai Land Department. Updated 18 January 2022.

Key facts

Type
2-bed apartment
Size
1,634 sqft
Floor
7th of 27
Parking
B2-255
Developer
Wasl
Completed
2020
Last sold
AED 1.87M · January 2022

About 706, Park Gate Residences 4

706 is a two-bedroom apartment of 1,634 sqft on the 7th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 18 January 2022 for AED 1,867,000, or AED 1,142 per sqft, 7% below the AED 1,229 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical two-bed in Park Gate Residences 4
2M3M2018202120242027Typical sale price by year: 2018 AED 1,897,000; 2019 AED 1,999,000; 2020 AED 1,877,000; 2021 AED 1,914,000; 2022 AED 2,370,777; 2023 AED 2,400,000; 2024 AED 2,485,000; 2025 AED 3,000,000; 2026 AED 2,800,000Sold by developer, April 2018: AED 1,867,000 (AED 1,142 per sqft)Sold, January 2022: AED 1,867,000 (AED 1,142 per sqft)

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

Rents
Unit 706, each contractTypical two-bed in Park Gate Residences 4
100K125K150K2021202320252027Typical rent by year: 2021 AED 90,000; 2022 AED 110,000; 2023 AED 118,000; 2024 AED 133,500; 2025 AED 145,000; 2026 AED 140,000

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 706 sits

All 108 2-beds →

706 last sold in January 2022 at AED 1,142 per sqft, 7% below what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,229). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Oct 20262,725,000
11 Sep 20263,000,000
11 Sep 20263,025,000
7 Aug 20262,525,000
12 2-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 7th floor

All 207 units in Park Gate Residences 4
Value
7012-bedAED 2.46M · Jul 2022
7021-bedAED 1.65M · May 2022
7032-bedAED 2.75M · Jun 2023
7042-bedAED 1.83M · Mar 2018
7052-bedAED 1.88M · Feb 2018
7071-bedAED 1.65M · Feb 2024
7082-bedAED 1.79M · Mar 2018
1–7 of 9

706, Park Gate Residences 4 in numbers

  • Sold twice: first on 19 April 2018 for AED 1,867,000, last on 18 January 2022 for AED 1,867,000 (AED 1,142 per sqft).
  • 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 18 January 2022.

Questions about 706, Park Gate Residences 4

What did unit 706 last sell for?

AED 1,867,000 on 18 January 2022: AED 1,142 per sqft for 1,634 sqft. The unit has 2 registered sales; the first was AED 1,867,000 in April 2018.

How big is unit 706?

1,634 sqft (151.8 sqm): a two-bedroom apartment on the 7th floor of a 27-storey tower completed in 2020.

What is unit 706 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 706, Park Gate Residences 4

Starts from the last sale price (AED 1.87M, 18 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,867,000
Deposit, UAE resident (20%)
AED 373,400
Deposit, non-resident (40%)
AED 746,800
Monthly over 25 years at 3.7%
AED 7,638

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