1408, Park Gate Residences 2
Sold prices and rental history: sold twice, last in August 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Park Gate Residences 2
What is 1408 worth today?
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Source: Dubai Land Department. Updated 17 October 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,632 sqft
- Floor
- 14th of 20
- Parking
- AB1-007
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.25M · August 2022
- Building
- Park Gate Residences 2
About 1408, Park Gate Residences 2
1408 is a two-bedroom apartment of 1,632 sqft on the 14th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 17 August 2022 for AED 2,247,507, or AED 1,377 per sqft, in line with the AED 1,388 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 17 October 2023, is AED 127,000 a year: a gross yield of 5.7% on the 2022 price.
Sales and rents for 1408 over time
1408 has sold twice; 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 2, and where 1408 sits
All 122 2-beds →1408 last sold in August 2022 at AED 1,377 per sqft, in line with what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,388). Over the last 12 months two-beds sold for AED 2,850,000 to 3,300,000, around AED 1,915 per sqft, and rent for AED 142,000 to 185,000 a year. 1408's AED 127,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Feb 202617 February 2026 | 1,631 sqft | 2,850,000 | 1,747 | ||
| 9 Feb 20269 February 2026 | 1,617 sqft | 3,115,000 | 1,926 | ||
| 10 Jan 202610 January 2026 | 1,571 sqft | 3,300,000 | 2,100 | ||
| 30 Jul 202530 July 2025 | 1,632 sqft | 2,390,777 | 1,465 |
Park Gate Residences 2
Building163 apartments, 1-bed to 4-bed over 20 floors in Al Kifaf, completed in 2020 by Wasl. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,904
- Typical sale
- AED 2.95M
- Typical rent
- AED 155K /yr
- Typical yield
- 5.5%
Other units on the 14th floor
All 163 units in Park Gate Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,571 sqft | AED 2.6MAED 2,596,777 · Aug 2020August 2020 | ||
| 1402 | 1-bed | 994 sqft | AED 1.86MAED 1,860,777 · Apr 2022April 2022 | ||
| 1403 | 2-bed | 1,571 sqft | AED 3.15MAED 3,145,777 · Jan 2024January 2024 | ||
| 1404 | 2-bed | 1,548 sqft | AED 2.11MAED 2,108,777 · Oct 2021October 2021 | 170,000 /yr | |
| 1405 | 2-bed | 1,617 sqft | AED 3.12MAED 3,115,000 · Feb 2026February 2026 | 168,000 /yr | |
| 1406 | 2-bed | 1,631 sqft | AED 2.65MAED 2,650,000 · Nov 2024November 2024 | 120,000 /yr | |
| 1407 | 1-bed | 987 sqft | AED 1.79MAED 1,791,777 · Oct 2023October 2023 | ||
| 1409 | 2-bed | 1,616 sqft | AED 1.99MAED 1,992,777 · Oct 2019October 2019 | ||
| 1410 | 2-bed | 1,549 sqft | AED 2MAED 2,004,777 · Feb 2020February 2020 | 140,000 /yr |
1408, Park Gate Residences 2 in numbers
- Sold twice: first on 8 June 2022 for AED 2,199,777, last on 17 August 2022 for AED 2,247,507 (AED 1,377 per sqft).
- Rented since October 2022 on 2 Ejari contracts, from AED 120,000 to AED 127,000 a year.
- At AED 127,000 a year the gross yield on the 2022 price is 5.7%.
- Two-beds in Park Gate Residences 2 sold for AED 2,850,000–3,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,904 per sqft.
Source: Dubai Land Department. Updated 17 October 2023.
Questions about 1408, Park Gate Residences 2
What did unit 1408 last sell for?
AED 2,247,507 on 17 August 2022: AED 1,377 per sqft for 1,632 sqft. The unit has 2 registered sales; the first was AED 2,199,777 in June 2022.
What is the rent for unit 1408?
AED 127,000 a year on the contract signed on 17 October 2023. The previous contract, from October 2022, was AED 120,000.
How big is unit 1408?
1,632 sqft (151.6 sqm): a two-bedroom apartment on the 14th floor of a 20-storey tower completed in 2020.
What is unit 1408 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 2 sold for AED 2,850,000 to 3,300,000 in the last 12 months, around AED 1,915 per sqft.
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Mortgage on 1408, Park Gate Residences 2
Starts from the last sale price (AED 2.25M, 17 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,247,507
- Deposit, UAE resident (20%)
- AED 449,501
- Deposit, non-resident (40%)
- AED 899,003
- Monthly over 25 years at 3.7%
- AED 9,195
Plus AED 99,405 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →