1701, Park Gate Residences 2
Sold prices and rental history: sold once, by the developer in July 2022, and rented once, from September 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1701, Park Gate Residences 2
What is 1701 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,571 sqft
- Floor
- 17th of 20
- Parking
- AB2-052
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.77M · July 2022
- Building
- Park Gate Residences 2
About 1701, Park Gate Residences 2
1701 is a two-bedroom apartment of 1,571 sqft on the 17th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 24 July 2022 for AED 2,766,777, or AED 1,761 per sqft, 27% above the AED 1,388 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 September 2024. The current contract, signed on 1 September 2024, is AED 140,000 a year: a gross yield of 5.1% on the 2022 price.
Sales and rents for 1701 over time
1701 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 2, and where 1701 sits
All 122 2-beds →1701 last sold in July 2022 at AED 1,761 per sqft, 27% above 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. 1701's AED 140,000 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 17th floor
All 163 units in Park Gate Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1702 | 1-bed | 994 sqft | AED 1.8MAED 1,798,777 · Jul 2022July 2022 | 110,900 /yr | |
| 1703 | 2-bed | 1,571 sqft | AED 2.91MAED 2,906,777 · Apr 2022April 2022 | 155,000 /yr | |
| 1704 | 2-bed | 1,548 sqft | AED 2.5MAED 2,500,000 · Apr 2024April 2024 | 110,000 /yr | |
| 1705 | 2-bed | 1,617 sqft | AED 2.24MAED 2,235,777 · Apr 2022April 2022 | 155,000 /yr | |
| 1706 | 2-bed | 1,631 sqft | AED 2.19MAED 2,187,777 · Jul 2022July 2022 | 155,000 /yr | |
| 1707 | 1-bed | 987 sqft | AED 1.63MAED 1,627,777 · Jul 2022July 2022 | 107,000 /yr | |
| 1708 | 2-bed | 1,632 sqft | AED 2.19MAED 2,188,777 · Jul 2022July 2022 | 150,000 /yr | |
| 1709 | 2-bed | 1,616 sqft | AED 2.26MAED 2,256,777 · Apr 2022April 2022 | 148,000 /yr | |
| 1710 | 2-bed | 1,549 sqft | AED 2.2MAED 2,203,777 · Apr 2022April 2022 |
1701, Park Gate Residences 2 in numbers
- Sold once: by Wasl on 24 July 2022 for AED 2,766,777, or AED 1,761 per sqft.
- Rented since September 2024 on one Ejari contract, at AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2022 price is 5.1%.
- 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 1 September 2024.
Questions about 1701, Park Gate Residences 2
What did unit 1701 last sell for?
AED 2,766,777 on 24 July 2022, sold by the developer: AED 1,761 per sqft for 1,571 sqft. It is the only registered sale of the unit.
What is the rent for unit 1701?
AED 140,000 a year on the contract signed on 1 September 2024.
How big is unit 1701?
1,571 sqft (146.0 sqm): a two-bedroom apartment on the 17th floor of a 20-storey tower completed in 2020.
What is unit 1701 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 1701, Park Gate Residences 2
Starts from the last sale price (AED 2.77M, 24 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,766,777
- Deposit, UAE resident (20%)
- AED 553,355
- Deposit, non-resident (40%)
- AED 1,106,711
- Monthly over 25 years at 3.7%
- AED 11,320
Plus AED 121,215 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →