1503, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in October 2019, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1503, Park Gate Residences 1
What is 1503 worth today?
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Source: Dubai Land Department. Updated 26 September 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,572 sqft
- Floor
- 15th of 27
- Parking
- B1-118
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.51M · October 2019
- Building
- Park Gate Residences 1
About 1503, Park Gate Residences 1
1503 is a two-bedroom apartment of 1,572 sqft on the 15th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 16 October 2019 for AED 2,509,000, or AED 1,596 per sqft, 3% above the AED 1,548 two-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 26 September 2022, is AED 100,000 a year: a gross yield of 4.0% on the 2019 price.
Sales and rents for 1503 over time
1503 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 1503 sits
All 103 2-beds →1503 last sold in October 2019 at AED 1,596 per sqft, 3% above what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,548). 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. 1503's AED 100,000 is at the bottom 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 15th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,572 sqft | AED 2.46MAED 2,459,777 · Sep 2019September 2019 | 150,000 /yr | |
| 1502 | 1-bed | 994 sqft | AED 1.71MAED 1,706,777 · Aug 2021August 2021 | 105,000 /yr | |
| 1504 | 2-bed | 1,554 sqft | AED 2.33MAED 2,325,000 · Dec 2022December 2022 | 180,000 /yr | |
| 1505 | 2-bed | 1,611 sqft | AED 2.4MAED 2,400,000 · Jun 2022June 2022 | 100,000 /yr | |
| 1506 | 2-bed | 1,634 sqft | AED 2.83MAED 2,825,000 · Feb 2025February 2025 | 140,000 /yr | |
| 1507 | 1-bed | 987 sqft | AED 1.62MAED 1,615,777 · May 2022May 2022 | 128,000 /yr | |
| 1508 | 2-bed | 1,634 sqft | AED 2.17MAED 2,167,777 · May 2022May 2022 | 160,000 /yr | |
| 1509 | 2-bed | 1,610 sqft | AED 2.08MAED 2,083,777 · Apr 2020April 2020 | ||
| 1510 | 2-bed | 1,555 sqft | AED 2.12MAED 2,120,777 · Sep 2021September 2021 | 165,000 /yr |
1503, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 16 October 2019 for AED 2,509,000, or AED 1,596 per sqft.
- Rented since September 2021 on 2 Ejari contracts, at AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2019 price is 4.0%.
- 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 26 September 2022.
Questions about 1503, Park Gate Residences 1
What did unit 1503 last sell for?
AED 2,509,000 on 16 October 2019, sold by the developer: AED 1,596 per sqft for 1,572 sqft. It is the only registered sale of the unit.
What is the rent for unit 1503?
AED 100,000 a year on the contract renewed on 26 September 2022. The previous contract, from September 2021, was AED 100,000.
How big is unit 1503?
1,572 sqft (146.0 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2020.
What is unit 1503 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 1503, Park Gate Residences 1
Starts from the last sale price (AED 2.51M, 16 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,509,000
- Deposit, UAE resident (20%)
- AED 501,800
- Deposit, non-resident (40%)
- AED 1,003,600
- Monthly over 25 years at 3.7%
- AED 10,265
Plus AED 110,388 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →