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2-bed · 1,553 sqftPark Gate Residences 1, Al Kifaf · 11th floor · completed 2020

1104, Park Gate Residences 1

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 1104 · DLD and Ejari recordsUpdated 25 August 2023
Last soldAED 2.35M11 July 2023
Current rentAED 100K /yr25 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1104, Park Gate Residences 1

What is 1104 worth today?

Last sold for AED 2,350,000 in 2023

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25 Aug 2023RentedNew contract
AED 100,486/yr11 months · AED 65 per sqft
11 Jul 2023SoldReady
AED 2,350,000AED 1,512 per sqft
25 Aug 2022RentedRenewal
AED 100,000/yr12 months · AED 65 per sqft
25 Aug 2021RentedNew contract
AED 95,000/yr12 months · AED 61 per sqft
14 Mar 2018Sold by developerOff-plan
AED 1,901,000AED 1,223 per sqft

Source: Dubai Land Department. Updated 25 August 2023.

Key facts

Type
2-bed apartment
Size
1,553 sqft
Floor
11th of 27
Parking
B2-010
Developer
Wasl
Completed
2020
Last sold
AED 2.35M · July 2023
Building
Park Gate Residences 1

About 1104, Park Gate Residences 1

1104 is a two-bedroom apartment of 1,553 sqft on the 11th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 11 July 2023 for AED 2,350,000, or AED 1,512 per sqft, in line with the AED 1,512 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 25 August 2023, is AED 100,486 a year: a gross yield of 4.3% on the 2023 price.

Sales and rents for 1104 over time

Sales
Unit 1104, 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 1,901,000 (AED 1,223 per sqft)Sold, July 2023: AED 2,350,000 (AED 1,512 per sqft)

1104 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1104, 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 165,000New contract, August 2021: AED 95,000 a yearRenewal, August 2022: AED 100,000 a yearNew contract, August 2023: AED 100,486 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 1104 sits

All 103 2-beds →

1104 last sold in July 2023 at AED 1,512 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,512). 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. 1104's AED 100,486 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 11th floor

All 204 units in Park Gate Residences 1
Value
11012-bedAED 2.47M · Apr 2018
11021-bedAED 1.8M · May 2023
11032-bedAED 2.47M · Apr 2018
11052-bedAED 2M · Feb 2018
11062-bedAED 2.08M · Feb 2021
11071-bedAED 1.59M · May 2022
11082-bedAED 2.13M · May 2022
1–7 of 9

1104, Park Gate Residences 1 in numbers

  • Sold twice: first on 14 March 2018 for AED 1,901,000, last on 11 July 2023 for AED 2,350,000 (AED 1,512 per sqft).
  • Rented since August 2021 on 3 Ejari contracts, from AED 95,000 to AED 100,486 a year.
  • At AED 100,486 a year the gross yield on the 2023 price is 4.3%.
  • 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 25 August 2023.

Questions about 1104, Park Gate Residences 1

What did unit 1104 last sell for?

AED 2,350,000 on 11 July 2023: AED 1,512 per sqft for 1,553 sqft. The unit has 2 registered sales; the first was AED 1,901,000 in March 2018.

What is the rent for unit 1104?

AED 100,486 a year on the contract signed on 25 August 2023. The previous contract, from August 2022, was AED 100,000; the unit has been rented since August 2021.

How big is unit 1104?

1,553 sqft (144.3 sqm): a two-bedroom apartment on the 11th floor of a 27-storey tower completed in 2020.

What is unit 1104 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.

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Mortgage on 1104, Park Gate Residences 1

Starts from the last sale price (AED 2.35M, 11 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

Plus AED 103,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →