1602, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in May 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Park Gate Residences 1
What is 1602 worth today?
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Source: Dubai Land Department. Updated 1 September 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 994 sqft
- Floor
- 16th of 27
- Parking
- AB2-055
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.77M · May 2022
- Building
- Park Gate Residences 1
About 1602, Park Gate Residences 1
1602 is a one-bedroom apartment of 994 sqft on the 16th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 18 May 2022 for AED 1,765,777, or AED 1,775 per sqft, 6% above the AED 1,680 one-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 September 2025, is AED 110,000 a year: a gross yield of 6.2% on the 2022 price.
Sales and rents for 1602 over time
1602 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Park Gate Residences 1, and where 1602 sits
All 42 1-beds →1602 last sold in May 2022 at AED 1,775 per sqft, 6% above what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,680). Over the last 12 months one-beds sold for AED 2,000,000, around AED 2,025 per sqft, and rent for AED 97,000 to 110,000 a year. 1602's AED 110,000 is at the top of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Dec 202515 December 2025 | 987 sqft | 2,000,000 | 2,025 | ||
| 19 Jun 202519 June 2025 | 987 sqft | 2,274,670 | 2,303 | ||
| 28 Apr 202528 April 2025 | 995 sqft | 2,000,000 | 2,010 | ||
| 16 Apr 202516 April 2025 | 995 sqft | 2,025,000 | 2,035 |
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 16th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1,572 sqft | AED 3.35MAED 3,350,000 · Aug 2025August 2025 | 175,000 /yr | ||
| 1603 | 2-bed | 1,479 sqft | AED 2.71MAED 2,711,777 · Mar 2022March 2022 | 135,000 /yr | |
| 1604 | 2-bed | 1,554 sqft | AED 2.8MAED 2,800,000 · Nov 2024November 2024 | 155,000 /yr | |
| 1605 | 2-bed | 1,611 sqft | AED 2.07MAED 2,070,000 · Apr 2018April 2018 | 140,000 /yr | |
| 1606 | 2-bed | 1,556 sqft | AED 2.12MAED 2,119,777 · Feb 2022February 2022 | 145,000 /yr | |
| 1607 | 1-bed | 987 sqft | AED 1.61MAED 1,608,777 · Aug 2022August 2022 | 109,000 /yr | |
| 1608 | 2-bed | 1,634 sqft | AED 2.15MAED 2,154,777 · Aug 2022August 2022 | ||
| 1609 | 2-bed | 1,610 sqft | AED 2.2MAED 2,198,777 · Jun 2021June 2021 | 150,000 /yr | |
| 1610 | 2-bed | 1,555 sqft | AED 2.13MAED 2,129,777 · Sep 2021September 2021 | 170,000 /yr |
1602, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 18 May 2022 for AED 1,765,777, or AED 1,775 per sqft.
- Rented since July 2022 on 3 Ejari contracts, from AED 84,000 to AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2022 price is 6.2%.
- One-beds in Park Gate Residences 1 sold for AED 2,000,000–2,000,000 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 September 2025.
Questions about 1602, Park Gate Residences 1
What did unit 1602 last sell for?
AED 1,765,777 on 18 May 2022, sold by the developer: AED 1,775 per sqft for 994 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 110,000 a year on the contract renewed on 1 September 2025. The previous contract, from July 2023, was AED 84,000; the unit has been rented since July 2022.
How big is unit 1602?
994 sqft (92.3 sqm): a one-bedroom apartment on the 16th floor of a 27-storey tower completed in 2020.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Gate Residences 1 sold for AED 2,000,000 to 2,000,000 in the last 12 months, around AED 2,025 per sqft.
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Mortgage on 1602, Park Gate Residences 1
Starts from the last sale price (AED 1.77M, 18 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,765,777
- Deposit, UAE resident (20%)
- AED 353,155
- Deposit, non-resident (40%)
- AED 706,311
- Monthly over 25 years at 3.7%
- AED 7,224
Plus AED 79,173 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →