1408, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in May 2022, and rented once, from February 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Park Gate Residences 1
What is 1408 worth today?
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Source: Dubai Land Department. Updated 25 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,557 sqft
- Floor
- 14th of 27
- Parking
- B1-121
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.14M · May 2022
- Building
- Park Gate Residences 1
About 1408, Park Gate Residences 1
1408 is a two-bedroom apartment of 1,557 sqft on the 14th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 24 May 2022 for AED 2,142,777, or AED 1,376 per sqft, in line with the AED 1,362 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 25 February 2025. The current contract, signed on 25 February 2025, is AED 145,000 a year: a gross yield of 6.8% on the 2022 price.
Sales and rents for 1408 over time
1408 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 1408 sits
All 103 2-beds →1408 last sold in May 2022 at AED 1,376 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,362). 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. 1408's AED 145,000 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 14th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,479 sqft | AED 2.69MAED 2,687,777 · Apr 2022April 2022 | 185,000 /yr | |
| 1402 | 497 sqft | AED 1.7MAED 1,700,777 · Jun 2021June 2021 | 75,000 /yr | ||
| 1403 | 2-bed | 1,572 sqft | AED 2.5MAED 2,498,000 · Mar 2018March 2018 | ||
| 1404 | 2-bed | 1,554 sqft | AED 1.93MAED 1,928,000 · Apr 2018April 2018 | ||
| 1405 | 2-bed | 1,611 sqft | AED 2.03MAED 2,031,000 · Apr 2018April 2018 | ||
| 1406 | 2-bed | 1,634 sqft | AED 2.01MAED 2,011,777 · Mar 2020March 2020 | ||
| 1407 | 1-bed | 987 sqft | AED 1.55MAED 1,553,777 · Jun 2024June 2024 | 105,000 /yr | |
| 1409 | 2-bed | 1,610 sqft | AED 2.07MAED 2,071,000 · Dec 2019December 2019 | ||
| 1410 | 2-bed | 1,555 sqft | AED 1.93MAED 1,929,000 · Apr 2018April 2018 |
1408, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 24 May 2022 for AED 2,142,777, or AED 1,376 per sqft.
- Rented since February 2025 on one Ejari contract, at AED 145,000 a year.
- At AED 145,000 a year the gross yield on the 2022 price is 6.8%.
- 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 February 2025.
Questions about 1408, Park Gate Residences 1
What did unit 1408 last sell for?
AED 2,142,777 on 24 May 2022, sold by the developer: AED 1,376 per sqft for 1,557 sqft. It is the only registered sale of the unit.
What is the rent for unit 1408?
AED 145,000 a year on the contract signed on 25 February 2025.
How big is unit 1408?
1,557 sqft (144.7 sqm): a two-bedroom apartment on the 14th floor of a 27-storey tower completed in 2020.
What is unit 1408 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 1408, Park Gate Residences 1
Starts from the last sale price (AED 2.14M, 24 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,142,777
- Deposit, UAE resident (20%)
- AED 428,555
- Deposit, non-resident (40%)
- AED 857,111
- Monthly over 25 years at 3.7%
- AED 8,767
Plus AED 95,007 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →