2-bed · 1,554 sqftPark Gate Residences 1, Al Kifaf · 6th floor · completed 2020

610, Park Gate Residences 1

Sold prices and rental history: sold once, by the developer in March 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 610 · DLD and Ejari recordsUpdated 23 March 2020
Last soldAED 1.97M23 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 610, Park Gate Residences 1

What is 610 worth today?

Last sold for AED 1,970,777 in 2020

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23 Mar 2020Sold by developerOff-plan
AED 1,970,777AED 1,268 per sqft

Source: Dubai Land Department. Updated 23 March 2020.

Key facts

Type
2-bed apartment
Size
1,554 sqft
Floor
6th of 27
Parking
B2-143
Developer
Wasl
Completed
2020
Last sold
AED 1.97M · March 2020

About 610, Park Gate Residences 1

610 is a two-bedroom apartment of 1,554 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 23 March 2020 for AED 1,970,777, or AED 1,268 per sqft, 18% below the AED 1,546 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 610 over time

Sales
Unit 610, each saleTypical two-bed in Park Gate Residences 1
2M2.5M20182020202220242026Typical sale price by year: 2018 AED 1,983,000; 2019 AED 2,427,777; 2020 AED 2,026,277; 2021 AED 2,087,777; 2022 AED 2,177,777; 2023 AED 2,525,000; 2024 AED 2,800,000; 2025 AED 2,812,500Sold by developer, March 2020: AED 1,970,777 (AED 1,268 per sqft)

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

Rents
Unit 610, each contractTypical two-bed in Park Gate Residences 1
100K150K2021202320252027Typical rent by year: 2021 AED 92,000; 2022 AED 110,000; 2023 AED 134,500; 2024 AED 141,250; 2025 AED 155,000; 2026 AED 165,000

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 610 sits

All 103 2-beds →

610 last sold in March 2020 at AED 1,268 per sqft, 18% below what two-beds in Park Gate Residences 1 were fetching at the time (AED 1,546). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
27 May 20252,150,775
30 Apr 20252,800,000
24 Apr 20252,885,000
27 Mar 20252,550,000
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
Value
6012-bedAED 3M · Sep 2024
6021-bedAED 1.56M · Dec 2018
6032-bedAED 2.77M · May 2023
6042-bedAED 1.86M · Apr 2018
6052-bedAED 2.8M · Jun 2024
6062-bedAED 1.86M · Apr 2018
6071-bedAED 1.51M · Aug 2021
1–7 of 9

610, Park Gate Residences 1 in numbers

  • Sold once: by Wasl on 23 March 2020 for AED 1,970,777, or AED 1,268 per sqft.
  • 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 23 March 2020.

Questions about 610, Park Gate Residences 1

What did unit 610 last sell for?

AED 1,970,777 on 23 March 2020, sold by the developer: AED 1,268 per sqft for 1,554 sqft. It is the only registered sale of the unit.

How big is unit 610?

1,554 sqft (144.4 sqm): a two-bedroom apartment on the 6th floor of a 27-storey tower completed in 2020.

What is unit 610 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 610, Park Gate Residences 1

Starts from the last sale price (AED 1.97M, 23 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,970,777
Deposit, UAE resident (20%)
AED 394,155
Deposit, non-resident (40%)
AED 788,311
Monthly over 25 years at 3.7%
AED 8,063

Plus AED 87,783 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →