505, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in March 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Park Gate Residences 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 22 March 2018.
Key facts
- Type
- 2-bed apartment
- Size
- 1,899 sqft
- Floor
- 5th of 27
- Parking
- B2-158
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.01M · March 2018
- Building
- Park Gate Residences 1
About 505, Park Gate Residences 1
505 is a two-bedroom apartment of 1,899 sqft on the 5th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 22 March 2018 for AED 2,009,000, or AED 1,057 per sqft, 14% below the AED 1,234 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 505 over time
505 has sold once; 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 505 sits
All 103 2-beds →505 last sold in March 2018 at AED 1,057 per sqft, 14% below what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,234). 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.
| 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 | |
| 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 | ||
| 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 |
505, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 22 March 2018 for AED 2,009,000, or AED 1,057 per sqft.
- 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 22 March 2018.
Questions about 505, Park Gate Residences 1
What did unit 505 last sell for?
AED 2,009,000 on 22 March 2018, sold by the developer: AED 1,057 per sqft for 1,899 sqft. It is the only registered sale of the unit.
How big is unit 505?
1,899 sqft (176.4 sqm): a two-bedroom apartment on the 5th floor of a 27-storey tower completed in 2020.
What is unit 505 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 505, Park Gate Residences 1
Starts from the last sale price (AED 2.01M, 22 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,009,000
- Deposit, UAE resident (20%)
- AED 401,800
- Deposit, non-resident (40%)
- AED 803,600
- Monthly over 25 years at 3.7%
- AED 8,219
Plus AED 89,388 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →