2-bed · 1,608 sqftPark Gate Residences 1, Al Kifaf · 6th floor · completed 2020

609, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 609 · DLD and Ejari recordsUpdated 5 September 2024

Last soldAED 1.92M5 March 2018

Current rentAED 130K /yr5 September 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 609, Park Gate Residences 1

Today

What is 609 worth today?

Last sold for AED 1,916,000 in 2018

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5 Sep 2024

5 Sep 2024RentedRenewal

AED 129,986/yr14 months · AED 81 per sqft

5 Sep 2023

5 Sep 2023RentedNew contract

AED 130,000/yr12 months · AED 81 per sqft

1 Sep 2022

1 Sep 2022RentedNew contract

AED 115,000/yr12 months · AED 72 per sqft

20 May 2021

20 May 2021RentedNew contract

AED 85,000/yr13 months · AED 53 per sqft

5 Mar 2018

5 Mar 2018Sold by developerOff-plan

AED 1,916,000AED 1,191 per sqft

Source: Dubai Land Department. Updated 5 September 2024.

Key facts

Type: 2-bed apartment
Size: 1,608 sqft
Floor: 6th of 27
Parking: B2-003
Developer: Wasl
Completed: 2020
Last sold: AED 1.92M · March 2018
Building: Park Gate Residences 1

About 609, Park Gate Residences 1

609 is a two-bedroom apartment of 1,608 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 5 March 2018 for AED 1,916,000, or AED 1,191 per sqft, 3% below the AED 1,231 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 5 September 2024, is AED 129,986 a year: a gross yield of 6.8% on the 2018 price.

Sales and rents for 609 over time

Sales

Unit 609, each saleTypical two-bed in Park Gate Residences 1

609 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 609, each contractTypical two-bed in Park Gate Residences 1

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 609 sits

All 103 2-beds →

2-beds in Park Gate Residences 1 · last 12 months1,759 /sqft Park Gate Residences 1 · all types1,835 /sqft

609 last sold in March 2018 at AED 1,191 per sqft, 3% below what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,231). 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. 609's AED 129,986 is in the lower half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

2 2-bed sales in the last 12 months

Park Gate Residences 1

Building

204 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%

Park Gate Residences 1, Al Kifaf: prices, sales and rents →

Other units on the 6th floor

All 204 units in Park Gate Residences 1


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
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
610	2-bed	1,554 sqft	AED 1.97MAED 1,970,777 · Mar 2020March 2020

1–7 of 9

609, Park Gate Residences 1 in numbers

Sold once: by Wasl on 5 March 2018 for AED 1,916,000, or AED 1,191 per sqft.
Rented since May 2021 on 4 Ejari contracts, from AED 85,000 to AED 129,986 a year.
At AED 129,986 a year the gross yield on the 2018 price is 6.8%.
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 5 September 2024.

Questions about 609, Park Gate Residences 1

What did unit 609 last sell for?

AED 1,916,000 on 5 March 2018, sold by the developer: AED 1,191 per sqft for 1,608 sqft. It is the only registered sale of the unit.

What is the rent for unit 609?

AED 129,986 a year on the contract renewed on 5 September 2024. The previous contract, from September 2023, was AED 130,000; the unit has been rented since May 2021.

How big is unit 609?

1,608 sqft (149.4 sqm): a two-bedroom apartment on the 6th floor of a 27-storey tower completed in 2020.

What is unit 609 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 609, Park Gate Residences 1

Starts from the last sale price (AED 1.92M, 5 March 2018). Switch to today's estimate once you have unlocked it.

Price: AED 1,916,000
Deposit, UAE resident (20%): AED 383,200
Deposit, non-resident (40%): AED 766,400
Monthly over 25 years at 3.7%: AED 7,839

Plus AED 85,482 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →