602, Park Gate Residences 1
Sold prices and rental history: sold once, by the developer in December 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, Park Gate Residences 1
What is 602 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 17 March 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 994 sqft
- Floor
- 6th of 27
- Parking
- B2-017
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.56M · December 2018
- Building
- Park Gate Residences 1
About 602, Park Gate Residences 1
602 is a one-bedroom apartment of 994 sqft on the 6th floor of Park Gate Residences 1, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 16 December 2018 for AED 1,560,000, or AED 1,568 per sqft, in line with the AED 1,589 one-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 17 March 2024, is AED 95,000 a year: a gross yield of 6.1% on the 2018 price.
Sales and rents for 602 over time
602 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 602 sits
All 42 1-beds →602 last sold in December 2018 at AED 1,568 per sqft, in line with what one-beds in Park Gate Residences 1 were fetching at the time (AED 1,589). 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. 602's AED 95,000 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 6th floor
All 204 units in Park Gate Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,571 sqft | AED 3MAED 3,000,000 · Sep 2024September 2024 | ||
| 603 | 2-bed | 1,571 sqft | AED 2.77MAED 2,765,777 · May 2023May 2023 | ||
| 604 | 2-bed | 1,553 sqft | AED 1.86MAED 1,855,000 · Apr 2018April 2018 | 158,000 /yr | |
| 605 | 2-bed | 1,609 sqft | AED 2.8MAED 2,800,000 · Jun 2024June 2024 | 155,000 /yr | |
| 606 | 2-bed | 1,634 sqft | AED 1.86MAED 1,860,000 · Apr 2018April 2018 | 126,000 /yr | |
| 607 | 1-bed | 987 sqft | AED 1.51MAED 1,510,777 · Aug 2021August 2021 | 95,000 /yr | |
| 608 | 1,635 sqft | AED 3MAED 3,000,000 · Nov 2025November 2025 | 145,000 /yr | ||
| 609 | 2-bed | 1,608 sqft | AED 1.92MAED 1,916,000 · Mar 2018March 2018 | 129,986 /yr | |
| 610 | 2-bed | 1,554 sqft | AED 1.97MAED 1,970,777 · Mar 2020March 2020 |
602, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 16 December 2018 for AED 1,560,000, or AED 1,568 per sqft.
- Rented since December 2021 on 2 Ejari contracts, from AED 75,000 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2018 price is 6.1%.
- 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: YallaValue analysis of Dubai Land Department records. Updated 17 March 2024.
Questions about 602, Park Gate Residences 1
What did unit 602 last sell for?
AED 1,560,000 on 16 December 2018, sold by the developer: AED 1,568 per sqft for 994 sqft. It is the only registered sale of the unit.
What is the rent for unit 602?
AED 95,000 a year on the contract signed on 17 March 2024. The previous contract, from December 2021, was AED 75,000.
How big is unit 602?
994 sqft (92.3 sqm): a one-bedroom apartment on the 6th floor of a 27-storey tower completed in 2020.
What is unit 602 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.
Selling 602? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 602, Park Gate Residences 1
Starts from the last sale price (AED 1.56M, 16 December 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,560,000
- Deposit, UAE resident (20%)
- AED 312,000
- Deposit, non-resident (40%)
- AED 624,000
- Monthly over 25 years at 3.7%
- AED 6,382
Plus AED 70,530 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →