1606, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in February 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, Park Gate Residences 1
What is 1606 worth today?
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Source: Dubai Land Department. Updated 1 August 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,556 sqft
- Floor
- 16th of 27
- Parking
- AB2-080
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.12M · February 2022
- Building
- Park Gate Residences 1
About 1606, Park Gate Residences 1
1606 is a two-bedroom apartment of 1,556 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 21 February 2022 for AED 2,119,777, or AED 1,362 per sqft, in line with the AED 1,347 two-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 August 2025, is AED 145,000 a year: a gross yield of 6.8% on the 2022 price.
Sales and rents for 1606 over time
1606 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 1606 sits
All 103 2-beds →1606 last sold in February 2022 at AED 1,362 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,347). 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. 1606'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 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 | ||
| 1602 | 1-bed | 994 sqft | AED 1.77MAED 1,765,777 · May 2022May 2022 | 110,000 /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 | |
| 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 |
1606, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 21 February 2022 for AED 2,119,777, or AED 1,362 per sqft.
- Rented since January 2023 on 2 Ejari contracts, from AED 120,000 to 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 1 August 2025.
Questions about 1606, Park Gate Residences 1
What did unit 1606 last sell for?
AED 2,119,777 on 21 February 2022, sold by the developer: AED 1,362 per sqft for 1,556 sqft. It is the only registered sale of the unit.
What is the rent for unit 1606?
AED 145,000 a year on the contract signed on 1 August 2025. The previous contract, from January 2023, was AED 120,000.
How big is unit 1606?
1,556 sqft (144.6 sqm): a two-bedroom apartment on the 16th floor of a 27-storey tower completed in 2020.
What is unit 1606 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 1606, Park Gate Residences 1
Starts from the last sale price (AED 2.12M, 21 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,119,777
- Deposit, UAE resident (20%)
- AED 423,955
- Deposit, non-resident (40%)
- AED 847,911
- Monthly over 25 years at 3.7%
- AED 8,673
Plus AED 94,041 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →