1209, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in June 2018, 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 1209, Park Gate Residences 1
What is 1209 worth today?
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Source: Dubai Land Department. Updated 1 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,609 sqft
- Floor
- 12th of 27
- Parking
- B1-132
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.97M · June 2018
- Building
- Park Gate Residences 1
About 1209, Park Gate Residences 1
1209 is a two-bedroom apartment of 1,609 sqft on the 12th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 18 June 2018 for AED 1,972,000, or AED 1,225 per sqft, in line with the AED 1,236 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 1 July 2024, is AED 155,000 a year: a gross yield of 7.9% on the 2018 price.
Sales and rents for 1209 over time
1209 has sold once; 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 1209 sits
All 103 2-beds →1209 last sold in June 2018 at AED 1,225 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,236). 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. 1209's AED 155,000 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 | ||
| 1206 | 2-bed | 1,635 sqft | AED 1.97MAED 1,970,000 · Jun 2022June 2022 | 140,000 /yr | |
| 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 | ||
| 1210 | 2-bed | 1,555 sqft | AED 2.09MAED 2,090,777 · Aug 2021August 2021 |
1209, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 18 June 2018 for AED 1,972,000, or AED 1,225 per sqft.
- Rented since June 2021 on 4 Ejari contracts, from AED 90,000 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2018 price is 7.9%.
- 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 1 July 2024.
Questions about 1209, Park Gate Residences 1
What did unit 1209 last sell for?
AED 1,972,000 on 18 June 2018, sold by the developer: AED 1,225 per sqft for 1,609 sqft. It is the only registered sale of the unit.
What is the rent for unit 1209?
AED 155,000 a year on the contract signed on 1 July 2024. The previous contract, from June 2023, was AED 115,000; the unit has been rented since June 2021.
How big is unit 1209?
1,609 sqft (149.5 sqm): a two-bedroom apartment on the 12th floor of a 27-storey tower completed in 2020.
What is unit 1209 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 1209, Park Gate Residences 1
Starts from the last sale price (AED 1.97M, 18 June 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,972,000
- Deposit, UAE resident (20%)
- AED 394,400
- Deposit, non-resident (40%)
- AED 788,800
- Monthly over 25 years at 3.7%
- AED 8,068
Plus AED 87,834 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →