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2-bed · 1,610 sqftPark Gate Residences 4, Al Kifaf · 9th floor · completed 2020

905, Park Gate Residences 4

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

Unit 905 · DLD and Ejari recordsUpdated 19 July 2023
Last soldAED 2.4M19 July 2023
Current rentAED 125K /yr15 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 905, Park Gate Residences 4

What is 905 worth today?

Last sold for AED 2,400,000 in 2023

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19 Jul 2023SoldReady
AED 2,400,000AED 1,490 per sqft
15 Dec 2022RentedNew contract
AED 125,000/yr12 months · AED 77 per sqft
1 Jul 2021RentedNew contract
AED 90,000/yr12 months · AED 56 per sqft
13 Feb 2018Sold by developerOff-plan
AED 1,907,000AED 1,184 per sqft

Source: Dubai Land Department. Updated 19 July 2023.

Key facts

Type
2-bed apartment
Size
1,610 sqft
Floor
9th of 27
Parking
B2-081
Developer
Wasl
Completed
2020
Last sold
AED 2.4M · July 2023
Building
Park Gate Residences 4

About 905, Park Gate Residences 4

905 is a two-bedroom apartment of 1,610 sqft on the 9th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 19 July 2023 for AED 2,400,000, or AED 1,490 per sqft, in line with the AED 1,482 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 15 December 2022, is AED 125,000 a year: a gross yield of 5.2% on the 2023 price.

Sales and rents for 905 over time

Sales
Unit 905, 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, February 2018: AED 1,907,000 (AED 1,184 per sqft)Sold, July 2023: AED 2,400,000 (AED 1,490 per sqft)

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

Rents
Unit 905, 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, July 2021: AED 90,000 a yearNew contract, December 2022: AED 125,000 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 905 sits

All 108 2-beds →

905 last sold in July 2023 at AED 1,490 per sqft, in line with what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,482). 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. 905's AED 125,000 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 9th floor

All 207 units in Park Gate Residences 4
Value
9012-bedAED 2M · Nov 2020
9021-bedAED 1.52M · Jan 2019
9032-bedAED 2.9M · Jul 2026
9042-bedAED 1.85M · Apr 2018
9062-bedAED 2.8M · Feb 2026
9071-bedAED 1.37M · Feb 2018
9082-bedAED 1.82M · Aug 2021
1–7 of 9

905, Park Gate Residences 4 in numbers

  • Sold twice: first on 13 February 2018 for AED 1,907,000, last on 19 July 2023 for AED 2,400,000 (AED 1,490 per sqft).
  • Rented since July 2021 on 2 Ejari contracts, from AED 90,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2023 price is 5.2%.
  • 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 19 July 2023.

Questions about 905, Park Gate Residences 4

What did unit 905 last sell for?

AED 2,400,000 on 19 July 2023: AED 1,490 per sqft for 1,610 sqft. The unit has 2 registered sales; the first was AED 1,907,000 in February 2018.

What is the rent for unit 905?

AED 125,000 a year on the contract signed on 15 December 2022. The previous contract, from July 2021, was AED 90,000.

How big is unit 905?

1,610 sqft (149.6 sqm): a two-bedroom apartment on the 9th floor of a 27-storey tower completed in 2020.

What is unit 905 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 905, Park Gate Residences 4

Starts from the last sale price (AED 2.4M, 19 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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