604, 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 604, Park Gate Residences 1
What is 604 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,553 sqft
- Floor
- 6th of 27
- Parking
- B2-157
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.86M · April 2018
- Building
- Park Gate Residences 1
About 604, Park Gate Residences 1
604 is a two-bedroom apartment of 1,553 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 April 2018 for AED 1,855,000, or AED 1,194 per sqft, 4% below the AED 1,239 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 158,000 a year: a gross yield of 8.5% on the 2018 price.
Sales and rents for 604 over time
604 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 604 sits
All 103 2-beds →604 last sold in April 2018 at AED 1,194 per sqft, 4% below what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,239). 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. 604's AED 158,000 is in the upper 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 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 | ||
| 602 | 1-bed | 994 sqft | AED 1.56MAED 1,560,000 · Dec 2018December 2018 | 95,000 /yr | |
| 603 | 2-bed | 1,571 sqft | AED 2.77MAED 2,765,777 · May 2023May 2023 | ||
| 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 |
604, Park Gate Residences 1 in numbers
- Sold once: by Wasl on 16 April 2018 for AED 1,855,000, or AED 1,194 per sqft.
- Rented since September 2021 on 4 Ejari contracts, from AED 90,000 to AED 158,000 a year.
- At AED 158,000 a year the gross yield on the 2018 price is 8.5%.
- 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 September 2024.
Questions about 604, Park Gate Residences 1
What did unit 604 last sell for?
AED 1,855,000 on 16 April 2018, sold by the developer: AED 1,194 per sqft for 1,553 sqft. It is the only registered sale of the unit.
What is the rent for unit 604?
AED 158,000 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 110,000; the unit has been rented since September 2021.
How big is unit 604?
1,553 sqft (144.3 sqm): a two-bedroom apartment on the 6th floor of a 27-storey tower completed in 2020.
What is unit 604 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 604, Park Gate Residences 1
Starts from the last sale price (AED 1.86M, 16 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,855,000
- Deposit, UAE resident (20%)
- AED 371,000
- Deposit, non-resident (40%)
- AED 742,000
- Monthly over 25 years at 3.7%
- AED 7,589
Plus AED 82,920 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →