Home
Dubai prices
About
Research
2-bed · 1,610 sqftPark Gate Residences 1, Al Kifaf · 10th floor · completed 2020

1005, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 16 May 2025
Last soldAED 1.99M22 March 2018
Current rentAED 123K /yr16 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1005

Property timeline for 1005, Park Gate Residences 1

What is 1005 worth today?

Last sold for AED 1,993,000 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

16 May 2025RentedRenewal
AED 123,000/yr12 months · AED 76 per sqft
16 May 2024RentedRenewal
AED 116,000/yr12 months · AED 72 per sqft
16 May 2023RentedRenewal
AED 100,000/yr12 months · AED 62 per sqft
16 May 2022RentedRenewal
AED 92,000/yr12 months · AED 57 per sqft
22 Mar 2018Sold by developerOff-plan
AED 1,993,000AED 1,237 per sqft

Source: Dubai Land Department. Updated 16 May 2025.

Key facts

Type
2-bed apartment
Size
1,610 sqft
Floor
10th of 27
Parking
B2-129
Developer
Wasl
Completed
2020
Last sold
AED 1.99M · March 2018
Building
Park Gate Residences 1

About 1005, Park Gate Residences 1

1005 is a two-bedroom apartment of 1,610 sqft on the 10th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 22 March 2018 for AED 1,993,000, or AED 1,237 per sqft, in line with the AED 1,234 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 16 May 2025, is AED 123,000 a year: a gross yield of 6.2% on the 2018 price.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical two-bed in Park Gate Residences 1
2M2.5M20182020202220242026Typical sale price by year: 2018 AED 1,983,000; 2019 AED 2,427,777; 2020 AED 2,026,277; 2021 AED 2,087,777; 2022 AED 2,177,777; 2023 AED 2,525,000; 2024 AED 2,800,000; 2025 AED 2,812,500Sold by developer, March 2018: AED 1,993,000 (AED 1,237 per sqft)

1005 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1005, each contractTypical two-bed in Park Gate Residences 1
100K150K2021202320252027Typical rent by year: 2021 AED 92,000; 2022 AED 110,000; 2023 AED 134,500; 2024 AED 141,250; 2025 AED 155,000; 2026 AED 165,000Renewal, May 2022: AED 92,000 a yearRenewal, May 2023: AED 100,000 a yearRenewal, May 2024: AED 116,000 a yearRenewal, May 2025: AED 123,000 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 1, and where 1005 sits

All 103 2-beds →

1005 last sold in March 2018 at AED 1,237 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,234). Over the last 12 months two-beds sold for AED 2,750,000 to 3,000,000, around AED 1,759 per sqft, and rent for AED 126,000 to 185,000 a year. 1005's AED 123,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 May 20252,150,775
30 Apr 20252,800,000
24 Apr 20252,885,000
27 Mar 20252,550,000
2 2-bed sales in the last 12 months

Park Gate Residences 1

Building

204 apartments, 1-bed to 5-bed over 27 floors in Al Kifaf, completed in 2020 by Wasl. 3 sold in the last 12 months.

Typical price per sqft
AED 1,835
Typical sale
AED 2.75M
Typical rent
AED 155K /yr
Typical yield
5.6%
Park Gate Residences 1, Al Kifaf: prices, sales and rents →

Other units on the 10th floor

All 204 units in Park Gate Residences 1
Value
1001AED 2.46M · Apr 2018
10021-bedAED 1.59M · Jun 2018
10032-bedAED 2.6M · Sep 2023
10042-bedAED 1.89M · Mar 2018
10062-bedAED 2.07M · May 2021
10071-bedAED 1.79M · Aug 2024
10082-bedAED 2.12M · May 2022
1–7 of 9

1005, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 22 March 2018 for AED 1,993,000, or AED 1,237 per sqft.
  • Rented since May 2022 on 4 Ejari contracts, from AED 92,000 to AED 123,000 a year.
  • At AED 123,000 a year the gross yield on the 2018 price is 6.2%.
  • Two-beds in Park Gate Residences 1 sold for AED 2,750,000–3,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,835 per sqft.

Source: Dubai Land Department. Updated 16 May 2025.

Questions about 1005, Park Gate Residences 1

What did unit 1005 last sell for?

AED 1,993,000 on 22 March 2018, sold by the developer: AED 1,237 per sqft for 1,610 sqft. It is the only registered sale of the unit.

What is the rent for unit 1005?

AED 123,000 a year on the contract renewed on 16 May 2025. The previous contract, from May 2024, was AED 116,000; the unit has been rented since May 2022.

How big is unit 1005?

1,610 sqft (149.6 sqm): a two-bedroom apartment on the 10th floor of a 27-storey tower completed in 2020.

What is unit 1005 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 1 sold for AED 2,750,000 to 3,000,000 in the last 12 months, around AED 1,759 per sqft.

Selling 1005? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1005, Park Gate Residences 1

Starts from the last sale price (AED 1.99M, 22 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,993,000
Deposit, UAE resident (20%)
AED 398,600
Deposit, non-resident (40%)
AED 797,200
Monthly over 25 years at 3.7%
AED 8,154

Plus AED 88,716 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →