508, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in August 2021, 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 508, Park Gate Residences 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 28 August 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 2,590 sqft
- Floor
- 5th of 27
- Parking
- B2-152, B2-153
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 3.25M · August 2021
- Building
- Park Gate Residences 1
About 508, Park Gate Residences 1
508 is a three-bedroom apartment of 2,590 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 28 August 2021 for AED 3,251,777, or AED 1,255 per sqft, 13% below the AED 1,448 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 508 over time
508 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 508 sits
All 49 3-beds →508 last sold in August 2021 at AED 1,255 per sqft, 13% below what three-beds in Park Gate Residences 1 were fetching at the time (AED 1,448).
| 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 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 | |
| 507 | 1-bed | 992 sqft | AED 1.36MAED 1,361,000 · Apr 2018April 2018 | 73,600 /yr |
508, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 28 August 2021 for AED 3,251,777, or AED 1,255 per sqft.
Source: Dubai Land Department. Updated 28 August 2021.
Questions about 508, Park Gate Residences 1
What did unit 508 last sell for?
AED 3,251,777 on 28 August 2021, sold by the developer: AED 1,255 per sqft for 2,590 sqft. It is the only registered sale of the unit.
How big is unit 508?
2,590 sqft (240.6 sqm): a three-bedroom apartment on the 5th floor of a 27-storey tower completed in 2020.
What is unit 508 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 508, Park Gate Residences 1
Starts from the last sale price (AED 3.25M, 28 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 3,251,777
- Deposit, UAE resident (20%)
- AED 650,355
- Deposit, non-resident (40%)
- AED 1,300,711
- Monthly over 25 years at 3.7%
- AED 13,304
Plus AED 141,585 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →