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2-bed · 1,609 sqftPark Gate Residences 4, Al Kifaf · 8th floor · completed 2020

809, Park Gate Residences 4

Sold prices and rental history: sold twice, last in June 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 809 · DLD and Ejari recordsUpdated 5 June 2023
Last soldAED 1.1M5 June 2023
Current rentAED 95K /yr5 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 809, Park Gate Residences 4

What is 809 worth today?

Last sold for AED 1,100,000 in 2023

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5 Jun 2023SoldReady
AED 1,100,000AED 683 per sqft
5 Sep 2022RentedRenewal
AED 95,000/yr12 months · AED 59 per sqft
5 Sep 2021RentedNew contract
AED 95,000/yr12 months · AED 59 per sqft
3 Apr 2018Sold by developerOff-plan
AED 1,897,000AED 1,178 per sqft

Source: Dubai Land Department. Updated 5 June 2023.

Key facts

Type
2-bed apartment
Size
1,609 sqft
Floor
8th of 27
Parking
B2-056
Developer
Wasl
Completed
2020
Last sold
AED 1.1M · June 2023
Building
Park Gate Residences 4

About 809, Park Gate Residences 4

809 is a two-bedroom apartment of 1,609 sqft on the 8th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 5 June 2023 for AED 1,100,000, or AED 683 per sqft, 52% below the AED 1,421 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 5 September 2022, is AED 95,000 a year: a gross yield of 8.6% on the 2023 price.

Sales and rents for 809 over time

Sales
Unit 809, each saleTypical two-bed in Park Gate Residences 4
1M2M3M2018202120242027Typical 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 1,897,000 (AED 1,178 per sqft)Sold, June 2023: AED 1,100,000 (AED 683 per sqft)

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

Rents
Unit 809, 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 140,000New contract, September 2021: AED 95,000 a yearRenewal, September 2022: AED 95,000 a year

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 809 sits

All 108 2-beds →

809 last sold in June 2023 at AED 683 per sqft, 52% below what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,421). 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. 809's AED 95,000 is in the lower half of that range.

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 8th floor

All 207 units in Park Gate Residences 4
Value
8012-bedAED 2.34M · Mar 2018
8021-bedAED 1.51M · Feb 2018
8032-bedAED 2.34M · Apr 2018
8042-bedAED 1.84M · Apr 2018
8052-bedAED 1.9M · Mar 2018
8062-bedAED 1.81M · Feb 2018
8071-bedAED 1.37M · Mar 2018
1–7 of 9

809, Park Gate Residences 4 in numbers

  • Sold twice: first on 3 April 2018 for AED 1,897,000, last on 5 June 2023 for AED 1,100,000 (AED 683 per sqft).
  • Rented since September 2021 on 2 Ejari contracts, at AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 8.6%.
  • 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 5 June 2023.

Questions about 809, Park Gate Residences 4

What did unit 809 last sell for?

AED 1,100,000 on 5 June 2023: AED 683 per sqft for 1,609 sqft. The unit has 2 registered sales; the first was AED 1,897,000 in April 2018.

What is the rent for unit 809?

AED 95,000 a year on the contract renewed on 5 September 2022. The previous contract, from September 2021, was AED 95,000.

How big is unit 809?

1,609 sqft (149.5 sqm): a two-bedroom apartment on the 8th floor of a 27-storey tower completed in 2020.

What is unit 809 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 809, Park Gate Residences 4

Starts from the last sale price (AED 1.1M, 5 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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