1206, Park Gate Residences 1
Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1206, Park Gate Residences 1
What is 1206 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,635 sqft
- Floor
- 12th of 27
- Parking
- B1-001
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.97M · June 2022
- Building
- Park Gate Residences 1
About 1206, Park Gate Residences 1
1206 is a two-bedroom apartment of 1,635 sqft on the 12th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 23 June 2022 for AED 1,970,000, or AED 1,205 per sqft, 12% below the AED 1,364 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 15 June 2024, is AED 140,000 a year: a gross yield of 7.1% on the 2022 price.
Sales and rents for 1206 over time
1206 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 1206 sits
All 103 2-beds →1206 last sold in June 2022 at AED 1,205 per sqft, 12% below what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,364). 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. 1206's AED 140,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 May 202527 May 2025 | 1,555 sqft | 2,150,775 | 1,383 | ||
| 30 Apr 202530 April 2025 | 1,557 sqft | 2,800,000 | 1,798 | ||
| 24 Apr 202524 April 2025 | 1,555 sqft | 2,885,000 | 1,855 | ||
| 27 Mar 202527 March 2025 | 1,633 sqft | 2,550,000 | 1,561 |
Park Gate Residences 1
Building204 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%
Other units on the 12th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,572 sqft | AED 2.43MAED 2,427,777 · Oct 2019October 2019 | 155,000 /yr | |
| 1202 | 994 sqft | AED 1.75MAED 1,750,000 · Aug 2025August 2025 | 120,000 /yr | ||
| 1203 | 2-bed | 1,572 sqft | AED 2.48MAED 2,476,000 · Mar 2018March 2018 | 95,000 /yr | |
| 1204 | 2-bed | 1,554 sqft | AED 1.91MAED 1,910,000 · May 2018May 2018 | ||
| 1205 | 2-bed | 1,610 sqft | AED 2MAED 2,000,000 · Feb 2021February 2021 | ||
| 1207 | 1-bed | 987 sqft | AED 1.38MAED 1,377,777 · Feb 2024February 2024 | ||
| 1208 | 2-bed | 1,635 sqft | AED 2.97MAED 2,965,777 · Mar 2024March 2024 | ||
| 1209 | 2-bed | 1,609 sqft | AED 1.97MAED 1,972,000 · Jun 2018June 2018 | 155,000 /yr | |
| 1210 | 2-bed | 1,555 sqft | AED 2.09MAED 2,090,777 · Aug 2021August 2021 |
1206, Park Gate Residences 1 in numbers
- Sold 3 times: first on 2 May 2018 for AED 1,991,000, last on 23 June 2022 for AED 1,970,000 (AED 1,205 per sqft).
- Rented since June 2021 on 4 Ejari contracts, from AED 73,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2022 price is 7.1%.
- 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: YallaValue analysis of Dubai Land Department records. Updated 15 June 2024.
Questions about 1206, Park Gate Residences 1
What did unit 1206 last sell for?
AED 1,970,000 on 23 June 2022: AED 1,205 per sqft for 1,635 sqft. The unit has 3 registered sales; the first was AED 1,991,000 in May 2018.
What is the rent for unit 1206?
AED 140,000 a year on the contract signed on 15 June 2024. The previous contract, from July 2023, was AED 130,000; the unit has been rented since June 2021.
How big is unit 1206?
1,635 sqft (151.9 sqm): a two-bedroom apartment on the 12th floor of a 27-storey tower completed in 2020.
What is unit 1206 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 1206, Park Gate Residences 1
Starts from the last sale price (AED 1.97M, 23 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,970,000
- Deposit, UAE resident (20%)
- AED 394,000
- Deposit, non-resident (40%)
- AED 788,000
- Monthly over 25 years at 3.7%
- AED 8,060
Plus AED 87,750 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →