BuildingAl Kifaf · Wasl · 2020

Park Gate Residences 1

One-beds to five-beds in Al Kifaf. 3 apartments sold in the last 12 months; every sale, rent and unit is below.

Last 12 monthsUpdated 9 February 2026
Typical price per sqftAED 1,8353 sales
Typical saleAED 2.75M3 sales
Typical rentAED 155K /yrAED 103 per sqft
Typical yield5.6%gross, before service charges

About Park Gate Residences 1

Park Gate Residences 1 is a modern high-rise within the Wasl 1 master development in Al Kifaf, Bur Dubai. Set along the edge of Zabeel Park and opposite the Dubai Frame, it offers a central, park-front address with views across landscaped greenery and the city skyline. Homes in the tower are primarily one- to three-bedroom apartments, with a selection of larger townhouses at podium level as part of the wider complex. Completed in 2021, the building features contemporary design with floor-to-ceiling glazing and functional layouts. Studios are not a typical offering here. Quality is in line with recent Dubai high-rises, with secure, covered parking and high-speed lifts serving all residential floors. Lifestyle revolves around direct park access and on-site conveniences. Residents have use of a gym and swimming pool, landscaped podium areas and family-friendly leisure spaces. Everyday needs are met by retail at ground and podium levels, including a supermarket, cafes and personal services, and there is a nursery within the complex. The development operates 24-hour security and concierge services and is pet-friendly. Connectivity is a key advantage. Max Fashion Metro Station is within walking distance, providing Red Line links across the city. By car, Sheikh Zayed Road and Al Khail Road are reached in minutes, placing the World Trade Centre, Downtown Dubai and key business districts within easy reach. Nearby destinations include Zabeel Park’s recreational facilities, the Dubai Frame and seasonal attractions at Dubai Garden Glow, as well as a broad mix of neighbourhood dining and community services in Bur Dubai and Karama. Overall, Park Gate Residences 1 suits those seeking a centrally located, contemporary apartment setting with immediate park access, comprehensive on-site amenities and straightforward public transport and road connectivity.

204 apartments over 27 floors: 42 one-beds of 99 to 995 sqft, 103 two-beds of 797 to 2,280 sqft, 49 three-beds of 436 to 2,590 sqft, 2 four-beds of 10,829 to 10,837 sqft and 1 five-bed of 4,359 sqft.

3 apartments sold in the 12 months to February 2026, at a median of AED 1,835 per sqft. 15 rental contracts were registered over the same 12 months, at a typical AED 155,000 a year.

Developer
Wasl
Completed
2020
Floors
27
Units
204
Unit types
1-bed to 5-bed

Al Kifaf, Dubai

Average prices in Park Gate Residences 1

In Park Gate Residences 1, typical sale prices over the last 12 months were around AED 2,000,000 for one-beds and AED 2,880,000 for two-beds.

Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.

Price history in Park Gate Residences 1

1,7001,7501,8001,850May 2026Nov 20262025-11-18: AED 1,835, 2-bed, 1,635 sqft2025-11-27: AED 1,683, 2-bed, 1,634 sqft2025-12-15: AED 2,025, 1-bed, 987 sqftTrend: AED 1,743 to AED 1,979

Every registered sale in the last 12 months; the dashed line is the trend within those 12 months, grey dots are flagged outliers left out of it.

Transaction history in Park Gate Residences 1

  • Completed1-bed · 987 sqft 15 Dec 2025AED 2,000,0002,026 /sqft
  • Completed1,633 sqft 27 Nov 2025AED 2,750,0001,683 /sqft
  • Completed1,634 sqft 18 Nov 2025AED 3,000,0001,835 /sqft
  • Completed1,609 sqft 01 Oct 2025AED 2,700,0001,678 /sqft
  • Completed994 sqft 11 Aug 2025AED 1,750,0001,760 /sqft
  • Completed1,571 sqft 08 Aug 2025AED 3,350,0002,131 /sqft
  • Completed1-bed · 987 sqft 19 Jun 2025AED 2,274,6702,304 /sqft
  • Completed3-bed · 2,162 sqft 04 Jun 2025AED 4,000,0001,850 /sqft
  • Completed2-bed · 1,554 sqft 27 May 2025AED 2,150,7751,383 /sqft
  • Completed2-bed · 1,556 sqft 30 Apr 2025AED 2,800,0001,799 /sqft

Over the last 12 months, Park Gate Residences 1 has recorded 3 apartment sales. Typical homes sold for around AED 2.75M (about AED 1,835 per sqft) with a median size of 1,634 sqft; most were two-beds, from roughly AED 2M to AED 3M.

1–10 of 277

Units in Park Gate Residences 1

204 units
  • Unit 5013-bed · 2,535 sqftSold AED 3.49M, Oct 2020
  • Unit 5021-bed · 993 sqftSold AED 1.75M, Dec 2022
  • Unit 5032-bed · 1,908 sqftSold AED 3M, Oct 2023
  • Unit 5042-bed · 1,935 sqftSold AED 1.98M, May 2018
  • Unit 5052-bed · 1,899 sqftSold AED 2.01M, Mar 2018
  • Unit 5062-bed · 2,280 sqftSold AED 3.67M, Sep 2024
  • Unit 5071-bed · 992 sqftSold AED 1.36M, Apr 2018
  • Unit 5083-bed · 2,590 sqftSold AED 3.25M, Aug 2021
  • Unit 6012-bed · 1,571 sqftSold AED 3M, Sep 2024
  • Unit 6021-bed · 994 sqftSold AED 1.56M, Dec 2018
1–10 of 204
Every unit in Park Gate Residences 1, by number

By type: one-beds (42), two-beds (103), three-beds (49), four-beds (2), five-beds (1).

Nearby in Al Kifaf

All 10 →
BuildingSale /sqftYield
Park Gate Residences 2AED 1,9045.5%
Park Gate Residences 3AED 2,0054.9%
Park Gate Residences 4AED 1,9274.9%
Park Views Residences BAED 2,076
1 Residences by Wasl Tower 1AED 1,9906.0%
1–5 of 9 · nearest first

Park Gate Residences 1 in numbers

  • Across 3 DLD sales in the 12 months to February 2026, the median price in Park Gate Residences 1 was AED 1,835 per sqft and the typical home sold for about AED 2.75M.
  • Completed in 2020 by Wasl; 27 floors of one-beds to five-beds.
  • A two-bed of 797 to 2,280 sqft rents for AED 126,000 to 185,000 a year on the 11 contracts registered in the last 12 months.
  • Gross rental yield 5.6%: the median rent per sqft over the median sale price per sqft, before service charges.

Source: Dubai Land Department. Updated 9 February 2026.

Questions

How much does a two-bed in Park Gate Residences 1 cost?

2 two-beds sold in the 12 months to February 2026; the median was AED 2,875,000, or AED 1,759 per sqft.

How much is a two-bed for rent in Park Gate Residences 1?

About AED 160,000 a year: that is the median of the 11 contracts for two-beds registered with Ejari in the 12 months to February 2026, from AED 126,000 to 185,000.

What is the rental yield in Park Gate Residences 1?

About 5.6% gross across the building, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.

Who built Park Gate Residences 1 and when?

Wasl; completed in 2020; 27 floors; 204 apartments.

How many apartments are there in Park Gate Residences 1?

204, one-beds to five-beds. Each has its own page with its full sales and rental history.

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