501, Park Gate Residences 2
Sold prices and rental history: sold once, by the developer in September 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Park Gate Residences 2
What is 501 worth today?
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Source: Dubai Land Department. Updated 1 February 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,533 sqft
- Floor
- 5th of 20
- Parking
- B2-109, B2-110
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 3.36M · September 2019
- Building
- Park Gate Residences 2
About 501, Park Gate Residences 2
501 is a three-bedroom apartment of 2,533 sqft on the 5th floor of Park Gate Residences 2, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 18 September 2019 for AED 3,358,777, or AED 1,326 per sqft.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 1 February 2025, is AED 240,000 a year: a gross yield of 7.1% on the 2019 price.
3-beds in Park Gate Residences 2, and where 501 sits
All 2 3-beds →| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 May 202127 May 2021 | 3,972 sqft | 5,221,777 | 1,314 |
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 5th floor
All 163 units in Park Gate Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 992 sqft | AED 1.72MAED 1,719,777 · Jul 2022July 2022 | 120,000 /yr | |
| 503 | 2-bed | 2,043 sqft | AED 3.05MAED 3,049,179 · Jul 2023July 2023 | ||
| 504 | 2-bed | 1,917 sqft | AED 2.35MAED 2,350,000 · Feb 2022February 2022 | ||
| 505 | 2-bed | 1,914 sqft | AED 2.05MAED 2,051,777 · Sep 2020September 2020 | ||
| 506 | 2-bed | 2,033 sqft | AED 3.21MAED 3,212,221 · Apr 2025April 2025 | ||
| 507 | 992 sqft | AED 1.94MAED 1,940,000 · Jun 2025June 2025 | 124,000 /yr | ||
| 508 | 2-bed | 2,057 sqft | AED 2.7MAED 2,700,000 · Jun 2023June 2023 |
501, Park Gate Residences 2 in numbers
- Sold once: by Wasl on 18 September 2019 for AED 3,358,777, or AED 1,326 per sqft.
- Rented since October 2021 on 4 Ejari contracts, from AED 140,000 to AED 240,000 a year.
- At AED 240,000 a year the gross yield on the 2019 price is 7.1%.
Source: Dubai Land Department. Updated 1 February 2025.
Questions about 501, Park Gate Residences 2
What did unit 501 last sell for?
AED 3,358,777 on 18 September 2019, sold by the developer: AED 1,326 per sqft for 2,533 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 240,000 a year on the contract signed on 1 February 2025. The previous contract, from December 2023, was AED 245,000; the unit has been rented since October 2021.
How big is unit 501?
2,533 sqft (235.3 sqm): a three-bedroom apartment on the 5th floor of a 20-storey tower completed in 2020.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 501, Park Gate Residences 2
Starts from the last sale price (AED 3.36M, 18 September 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 3,358,777
- Deposit, UAE resident (20%)
- AED 671,755
- Deposit, non-resident (40%)
- AED 1,343,511
- Monthly over 25 years at 3.7%
- AED 13,742
Plus AED 146,079 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →