2407, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in July 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 2407, Park Gate Residences 1
What is 2407 worth today?
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Source: Dubai Land Department. Updated 25 November 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,155 sqft
- Floor
- 24th of 27
- Parking
- AB4-003, AB4-004
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 3.24M · July 2022
- Building
- Park Gate Residences 1
About 2407, Park Gate Residences 1
2407 is a three-bedroom apartment of 2,155 sqft on the 24th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 20 July 2022 for AED 3,240,777, or AED 1,503 per sqft, in line with the AED 1,505 three-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 25 November 2024, is AED 185,000 a year: a gross yield of 5.7% on the 2022 price.
Sales and rents for 2407 over time
2407 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Park Gate Residences 1, and where 2407 sits
All 49 3-beds →2407 last sold in July 2022 at AED 1,503 per sqft, in line with what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,505).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Jun 20254 June 2025 | 2,163 sqft | 4,000,000 | 1,849 | ||
| 21 Jan 202521 January 2025 | 2,155 sqft | 4,200,000 | 1,948 | ||
| 18 Jul 202418 July 2024 | 1,967 sqft | 4,250,000 | 2,160 | ||
| 6 Jun 20246 June 2024 | 2,060 sqft | 4,300,000 | 2,087 |
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 24th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 3-bed | 1,967 sqft | AED 3.65MAED 3,650,000 · Jan 2023January 2023 | 190,000 /yr | |
| 2402 | 1-bed | 99 sqft | AED 160KAED 160,000 · Apr 2024April 2024 | 125,000 /yr | |
| 2403 | 3-bed | 2,060 sqft | AED 3.15MAED 3,150,000 · Feb 2021February 2021 | ||
| 2404 | 3-bed | 436 sqft | AED 3.2MAED 3,200,000 · Jun 2021June 2021 | 168,000 /yr | |
| 2405 | 3-bed | 2,155 sqft | AED 3.14MAED 3,135,777 · Sep 2021September 2021 | 235,000 /yr | |
| 2406 | 1-bed | 987 sqft | AED 1.64MAED 1,642,777 · Jul 2022July 2022 | 83,000 /yr | |
| 2408 | 3-bed | 2,163 sqft | AED 4MAED 4,000,000 · Jun 2025June 2025 | 250,000 /yr |
2407, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 20 July 2022 for AED 3,240,777, or AED 1,503 per sqft.
- Rented since November 2022 on 3 Ejari contracts, from AED 170,000 to AED 185,000 a year.
- At AED 185,000 a year the gross yield on the 2022 price is 5.7%.
Source: Dubai Land Department. Updated 25 November 2024.
Questions about 2407, Park Gate Residences 1
What did unit 2407 last sell for?
AED 3,240,777 on 20 July 2022, sold by the developer: AED 1,503 per sqft for 2,155 sqft. It is the only registered sale of the unit.
What is the rent for unit 2407?
AED 185,000 a year on the contract renewed on 25 November 2024. The previous contract, from November 2023, was AED 170,000; the unit has been rented since November 2022.
How big is unit 2407?
2,155 sqft (200.2 sqm): a three-bedroom apartment on the 24th floor of a 27-storey tower completed in 2020.
What is unit 2407 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 2407, Park Gate Residences 1
Starts from the last sale price (AED 3.24M, 20 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,240,777
- Deposit, UAE resident (20%)
- AED 648,155
- Deposit, non-resident (40%)
- AED 1,296,311
- Monthly over 25 years at 3.7%
- AED 13,259
Plus AED 141,123 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →