401, Park Gate Residences 2
Sold prices and rental history: sold twice, last in November 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, Park Gate Residences 2
What is 401 worth today?
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Source: Dubai Land Department. Updated 4 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 918 sqft
- Floor
- 4th of 20
- Parking
- AB4-032
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.8M · November 2024
- Building
- Park Gate Residences 2
About 401, Park Gate Residences 2
401 is a one-bedroom apartment of 918 sqft on the 4th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 4 November 2024 for AED 1,800,000, or AED 1,961 per sqft, 4% above the AED 1,888 one-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 18 October 2023, is AED 85,000 a year: a gross yield of 4.7% on the 2024 price.
Sales and rents for 401 over time
401 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Park Gate Residences 2, and where 401 sits
All 33 1-beds →401 last sold in November 2024 at AED 1,961 per sqft, 4% above what one-beds in Park Gate Residences 2 were fetching at the time (AED 1,888). Over the last 12 months one-beds sold for AED 1,800,000, around AED 1,823 per sqft, and rent for AED 110,900 to 136,000 a year. 401's AED 85,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Dec 202517 December 2025 | 987 sqft | 1,800,000 | 1,823 | ||
| 17 Jun 202517 June 2025 | 920 sqft | 1,256,777 | 1,366 | ||
| 7 May 20257 May 2025 | 994 sqft | 1,800,000 | 1,810 | ||
| 7 Nov 20247 November 2024 | 987 sqft | 1,900,000 | 1,924 |
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%
401, Park Gate Residences 2 in numbers
- Sold twice: first on 14 April 2022 for AED 1,265,777, last on 4 November 2024 for AED 1,800,000 (AED 1,961 per sqft).
- Rented since October 2022 on 2 Ejari contracts, from AED 80,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2024 price is 4.7%.
- One-beds in Park Gate Residences 2 sold for AED 1,800,000–1,800,000 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 4 November 2024.
Questions about 401, Park Gate Residences 2
What did unit 401 last sell for?
AED 1,800,000 on 4 November 2024: AED 1,961 per sqft for 918 sqft. The unit has 2 registered sales; the first was AED 1,265,777 in April 2022.
What is the rent for unit 401?
AED 85,000 a year on the contract signed on 18 October 2023. The previous contract, from October 2022, was AED 80,000.
How big is unit 401?
918 sqft (85.3 sqm): a one-bedroom apartment on the 4th floor of a 20-storey tower completed in 2020.
What is unit 401 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Gate Residences 2 sold for AED 1,800,000 to 1,800,000 in the last 12 months, around AED 1,823 per sqft.
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Mortgage on 401, Park Gate Residences 2
Starts from the last sale price (AED 1.8M, 4 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,800,000
- Deposit, UAE resident (20%)
- AED 360,000
- Deposit, non-resident (40%)
- AED 720,000
- Monthly over 25 years at 3.7%
- AED 7,364
Plus AED 80,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →