502, Park Gate Residences 1
Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Park Gate Residences 1
What is 502 worth today?
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Source: Dubai Land Department. Updated 1 January 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 993 sqft
- Floor
- 5th of 27
- Parking
- B2-161
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.75M · December 2022
- Building
- Park Gate Residences 1
About 502, Park Gate Residences 1
502 is a one-bedroom apartment of 993 sqft on the 5th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 14 December 2022 for AED 1,751,408, or AED 1,764 per sqft, 7% above the AED 1,656 one-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 1 January 2026, is AED 108,000 a year: a gross yield of 6.2% on the 2022 price.
Sales and rents for 502 over time
502 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Park Gate Residences 1, and where 502 sits
All 42 1-beds →502 last sold in December 2022 at AED 1,764 per sqft, 7% above what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,656). Over the last 12 months one-beds sold for AED 2,000,000, around AED 2,025 per sqft, and rent for AED 97,000 to 110,000 a year. 502's AED 108,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Dec 202515 December 2025 | 987 sqft | 2,000,000 | 2,025 | ||
| 19 Jun 202519 June 2025 | 987 sqft | 2,274,670 | 2,303 | ||
| 28 Apr 202528 April 2025 | 995 sqft | 2,000,000 | 2,010 | ||
| 16 Apr 202516 April 2025 | 995 sqft | 2,025,000 | 2,035 |
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 5th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,535 sqft | AED 3.49MAED 3,491,777 · Oct 2020October 2020 | ||
| 503 | 2-bed | 1,908 sqft | AED 3MAED 3,000,000 · Oct 2023October 2023 | 155,000 /yr | |
| 504 | 2-bed | 1,935 sqft | AED 1.98MAED 1,977,000 · May 2018May 2018 | ||
| 505 | 2-bed | 1,899 sqft | AED 2.01MAED 2,009,000 · Mar 2018March 2018 | ||
| 506 | 2-bed | 2,280 sqft | AED 3.67MAED 3,674,777 · Sep 2024September 2024 | 60,000 /yr | |
| 507 | 1-bed | 992 sqft | AED 1.36MAED 1,361,000 · Apr 2018April 2018 | 73,600 /yr | |
| 508 | 3-bed | 2,590 sqft | AED 3.25MAED 3,251,777 · Aug 2021August 2021 |
502, Park Gate Residences 1 in numbers
- Sold twice: first on 17 May 2022 for AED 1,601,777, last on 14 December 2022 for AED 1,751,408 (AED 1,764 per sqft).
- Rented since January 2023 on 4 Ejari contracts, from AED 90,000 to AED 108,000 a year.
- At AED 108,000 a year the gross yield on the 2022 price is 6.2%.
- One-beds in Park Gate Residences 1 sold for AED 2,000,000–2,000,000 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 January 2026.
Questions about 502, Park Gate Residences 1
What did unit 502 last sell for?
AED 1,751,408 on 14 December 2022: AED 1,764 per sqft for 993 sqft. The unit has 2 registered sales; the first was AED 1,601,777 in May 2022.
What is the rent for unit 502?
AED 108,000 a year on the contract renewed on 1 January 2026. The previous contract, from January 2025, was AED 100,000; the unit has been rented since January 2023.
How big is unit 502?
993 sqft (92.3 sqm): a one-bedroom apartment on the 5th floor of a 27-storey tower completed in 2020.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Gate Residences 1 sold for AED 2,000,000 to 2,000,000 in the last 12 months, around AED 2,025 per sqft.
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Mortgage on 502, Park Gate Residences 1
Starts from the last sale price (AED 1.75M, 14 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,751,408
- Deposit, UAE resident (20%)
- AED 350,282
- Deposit, non-resident (40%)
- AED 700,563
- Monthly over 25 years at 3.7%
- AED 7,166
Plus AED 78,569 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →