1610, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in September 2021, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1610, Park Gate Residences 1
What is 1610 worth today?
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Source: Dubai Land Department. Updated 1 December 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,555 sqft
- Floor
- 16th of 27
- Parking
- AB2-088
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.13M · September 2021
- Building
- Park Gate Residences 1
About 1610, Park Gate Residences 1
1610 is a two-bedroom apartment of 1,555 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 4 September 2021 for AED 2,129,777, or AED 1,370 per sqft, 3% above the AED 1,326 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 December 2024, is AED 170,000 a year: a gross yield of 8.0% on the 2021 price.
Sales and rents for 1610 over time
1610 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 1610 sits
All 103 2-beds →1610 last sold in September 2021 at AED 1,370 per sqft, 3% above what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,326). 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. 1610's AED 170,000 is in the upper 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 | |
| 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, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 4 September 2021 for AED 2,129,777, or AED 1,370 per sqft.
- Rented since September 2023 on 2 Ejari contracts, from AED 150,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2021 price is 8.0%.
- 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 1 December 2024.
Questions about 1610, Park Gate Residences 1
What did unit 1610 last sell for?
AED 2,129,777 on 4 September 2021, sold by the developer: AED 1,370 per sqft for 1,555 sqft. It is the only registered sale of the unit.
What is the rent for unit 1610?
AED 170,000 a year on the contract signed on 1 December 2024. The previous contract, from September 2023, was AED 150,000.
How big is unit 1610?
1,555 sqft (144.5 sqm): a two-bedroom apartment on the 16th floor of a 27-storey tower completed in 2020.
What is unit 1610 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 1610, Park Gate Residences 1
Starts from the last sale price (AED 2.13M, 4 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,129,777
- Deposit, UAE resident (20%)
- AED 425,955
- Deposit, non-resident (40%)
- AED 851,911
- Monthly over 25 years at 3.7%
- AED 8,714
Plus AED 94,461 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →