2601, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in July 2022, and rented once, from September 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2601, Park Gate Residences 1
What is 2601 worth today?
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Source: Dubai Land Department. Updated 17 September 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,060 sqft
- Floor
- 26th of 27
- Parking
- AB2-059, AB2-060
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 3.63M · July 2022
- Building
- Park Gate Residences 1
About 2601, Park Gate Residences 1
2601 is a three-bedroom apartment of 2,060 sqft on the 26th 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 3,632,777, or AED 1,763 per sqft, 17% above the AED 1,505 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 17 September 2024. The current contract, signed on 17 September 2024, is AED 200,000 a year: a gross yield of 5.5% on the 2022 price.
Sales and rents for 2601 over time
2601 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 2601 sits
All 49 3-beds →2601 last sold in July 2022 at AED 1,763 per sqft, 17% above 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 26th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2602 | 1-bed | 995 sqft | AED 2MAED 2,000,000 · Apr 2025April 2025 | ||
| 2603 | 3-bed | 2,060 sqft | AED 4MAED 4,000,000 · Jan 2024January 2024 | 160,000 /yr | |
| 2604 | 3-bed | 2,162 sqft | AED 3.22MAED 3,218,000 · Mar 2018March 2018 | ||
| 2605 | 3-bed | 2,155 sqft | AED 3.16MAED 3,162,777 · Sep 2021September 2021 | ||
| 2606 | 1-bed | 987 sqft | AED 1.66MAED 1,663,777 · Apr 2022April 2022 | ||
| 2607 | 3-bed | 2,155 sqft | AED 3.27MAED 3,270,777 · Jul 2022July 2022 | ||
| 2608 | 3-bed | 2,163 sqft | AED 3.05MAED 3,050,000 · Feb 2022February 2022 | 155,000 /yr |
2601, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 20 July 2022 for AED 3,632,777, or AED 1,763 per sqft.
- Rented since September 2024 on one Ejari contract, at AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2022 price is 5.5%.
Source: Dubai Land Department. Updated 17 September 2024.
Questions about 2601, Park Gate Residences 1
What did unit 2601 last sell for?
AED 3,632,777 on 20 July 2022, sold by the developer: AED 1,763 per sqft for 2,060 sqft. It is the only registered sale of the unit.
What is the rent for unit 2601?
AED 200,000 a year on the contract signed on 17 September 2024.
How big is unit 2601?
2,060 sqft (191.4 sqm): a three-bedroom apartment on the 26th floor of a 27-storey tower completed in 2020.
What is unit 2601 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 2601, Park Gate Residences 1
Starts from the last sale price (AED 3.63M, 20 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,632,777
- Deposit, UAE resident (20%)
- AED 726,555
- Deposit, non-resident (40%)
- AED 1,453,111
- Monthly over 25 years at 3.7%
- AED 14,863
Plus AED 157,587 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →