507, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in April 2018, 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 507, Park Gate Residences 1
What is 507 worth today?
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Source: Dubai Land Department. Updated 1 November 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 992 sqft
- Floor
- 5th of 27
- Parking
- B2-120
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.36M · April 2018
- Building
- Park Gate Residences 1
About 507, Park Gate Residences 1
507 is a one-bedroom apartment of 992 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 16 April 2018 for AED 1,361,000, or AED 1,371 per sqft.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 1 November 2025, is AED 73,600 a year: a gross yield of 5.4% on the 2018 price.
Sales and rents for 507 over time
507 has sold once; 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 507 sits
All 42 1-beds →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. 507's AED 73,600 is at the bottom 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 | ||
| 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 | ||
| 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 | |
| 508 | 3-bed | 2,590 sqft | AED 3.25MAED 3,251,777 · Aug 2021August 2021 |
507, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 16 April 2018 for AED 1,361,000, or AED 1,371 per sqft.
- Rented since October 2021 on 5 Ejari contracts, from AED 60,000 to AED 73,600 a year.
- At AED 73,600 a year the gross yield on the 2018 price is 5.4%.
- 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 November 2025.
Questions about 507, Park Gate Residences 1
What did unit 507 last sell for?
AED 1,361,000 on 16 April 2018, sold by the developer: AED 1,371 per sqft for 992 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 73,600 a year on the contract renewed on 1 November 2025. The previous contract, from November 2024, was AED 64,000; the unit has been rented since October 2021.
How big is unit 507?
992 sqft (92.2 sqm): a one-bedroom apartment on the 5th floor of a 27-storey tower completed in 2020.
What is unit 507 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 507, Park Gate Residences 1
Starts from the last sale price (AED 1.36M, 16 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,361,000
- Deposit, UAE resident (20%)
- AED 272,200
- Deposit, non-resident (40%)
- AED 544,400
- Monthly over 25 years at 3.7%
- AED 5,568
Plus AED 62,172 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →