503, Park Gate Residences 1
Sold prices and rental history: sold twice, last in October 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Park Gate Residences 1
What is 503 worth today?
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Source: Dubai Land Department. Updated 1 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,908 sqft
- Floor
- 5th of 27
- Parking
- B2-160
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 3M · October 2023
- Building
- Park Gate Residences 1
About 503, Park Gate Residences 1
503 is a two-bedroom apartment of 1,908 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 18 October 2023 for AED 3,000,000, or AED 1,572 per sqft, in line with the AED 1,577 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 January 2025, is AED 155,000 a year: a gross yield of 5.2% on the 2023 price.
Sales and rents for 503 over time
503 has sold twice; 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 503 sits
All 103 2-beds →503 last sold in October 2023 at AED 1,572 per sqft, in line with what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,577). 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. 503's AED 155,000 is in the lower 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 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 | ||
| 502 | 1-bed | 993 sqft | AED 1.75MAED 1,751,408 · Dec 2022December 2022 | 108,000 /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 |
503, Park Gate Residences 1 in numbers
- Sold twice: first on 22 March 2022 for AED 2,753,777, last on 18 October 2023 for AED 3,000,000 (AED 1,572 per sqft).
- Rented since June 2022 on 3 Ejari contracts, from AED 140,000 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2023 price is 5.2%.
- 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 January 2025.
Questions about 503, Park Gate Residences 1
What did unit 503 last sell for?
AED 3,000,000 on 18 October 2023: AED 1,572 per sqft for 1,908 sqft. The unit has 2 registered sales; the first was AED 2,753,777 in March 2022.
What is the rent for unit 503?
AED 155,000 a year on the contract renewed on 1 January 2025. The previous contract, from January 2024, was AED 155,000; the unit has been rented since June 2022.
How big is unit 503?
1,908 sqft (177.3 sqm): a two-bedroom apartment on the 5th floor of a 27-storey tower completed in 2020.
What is unit 503 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 503, Park Gate Residences 1
Starts from the last sale price (AED 3M, 18 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,000,000
- Deposit, UAE resident (20%)
- AED 600,000
- Deposit, non-resident (40%)
- AED 1,200,000
- Monthly over 25 years at 3.7%
- AED 12,274
Plus AED 131,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →