2508, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in February 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2508, Park Gate Residences 1
What is 2508 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 2 April 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,163 sqft
- Floor
- 25th of 27
- Parking
- AB2-003, AB2-004
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 3.15M · February 2019
- Building
- Park Gate Residences 1
About 2508, Park Gate Residences 1
2508 is a three-bedroom apartment of 2,163 sqft on the 25th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 24 February 2019 for AED 3,145,000, or AED 1,454 per sqft, in line with the AED 1,462 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 2 April 2025, is AED 185,000 a year: a gross yield of 5.9% on the 2019 price.
Sales and rents for 2508 over time
2508 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 2508 sits
All 49 3-beds →2508 last sold in February 2019 at AED 1,454 per sqft, in line with what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,462).
| 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 25th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2501 | 3-bed | 2,060 sqft | AED 3.57MAED 3,568,777 · Apr 2020April 2020 | ||
| 2502 | 1-bed | 995 sqft | AED 1.66MAED 1,660,777 · Sep 2019September 2019 | 105,000 /yr | |
| 2503 | 3-bed | 2,060 sqft | AED 3.43MAED 3,429,777 · Sep 2019September 2019 | 155,250 /yr | |
| 2504 | 3-bed | 2,162 sqft | AED 3.2MAED 3,204,000 · Mar 2018March 2018 | ||
| 2505 | 3-bed | 2,155 sqft | AED 3.3MAED 3,300,000 · Jun 2022June 2022 | ||
| 2506 | 1-bed | 987 sqft | AED 2.27MAED 2,274,670 · Jun 2025June 2025 | 125,000 /yr | |
| 2507 | 3-bed | 2,155 sqft | AED 3.26MAED 3,256,777 · Jul 2022July 2022 | 187,000 /yr |
2508, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 24 February 2019 for AED 3,145,000, or AED 1,454 per sqft.
- Rented since October 2021 on 4 Ejari contracts, from AED 155,000 to AED 185,000 a year.
- At AED 185,000 a year the gross yield on the 2019 price is 5.9%.
Source: YallaValue analysis of Dubai Land Department records. Updated 2 April 2025.
Questions about 2508, Park Gate Residences 1
What did unit 2508 last sell for?
AED 3,145,000 on 24 February 2019, sold by the developer: AED 1,454 per sqft for 2,163 sqft. It is the only registered sale of the unit.
What is the rent for unit 2508?
AED 185,000 a year on the contract renewed on 2 April 2025. The previous contract, from April 2024, was AED 185,000; the unit has been rented since October 2021.
How big is unit 2508?
2,163 sqft (200.9 sqm): a three-bedroom apartment on the 25th floor of a 27-storey tower completed in 2020.
What is unit 2508 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 2508, Park Gate Residences 1
Starts from the last sale price (AED 3.15M, 24 February 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 3,145,000
- Deposit, UAE resident (20%)
- AED 629,000
- Deposit, non-resident (40%)
- AED 1,258,000
- Monthly over 25 years at 3.7%
- AED 12,867
Plus AED 137,100 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →