502, Park Gate Residences 2
Sold prices and rental history: sold once, by the developer in July 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Park Gate Residences 2
What is 502 worth today?
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Source: Dubai Land Department. Updated 20 August 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 992 sqft
- Floor
- 5th of 20
- Parking
- B2-105
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.72M · July 2022
- Building
- Park Gate Residences 2
About 502, Park Gate Residences 2
502 is a one-bedroom apartment of 992 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 28 July 2022 for AED 1,719,777, or AED 1,733 per sqft, in line with the AED 1,733 one-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 20 August 2025, is AED 120,000 a year: a gross yield of 7.0% on the 2022 price.
Sales and rents for 502 over time
502 has sold once; 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 502 sits
All 33 1-beds →502 last sold in July 2022 at AED 1,733 per sqft, in line with what one-beds in Park Gate Residences 2 were fetching at the time (AED 1,733). 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. 502's AED 120,000 is in the lower half 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%
Other units on the 5th floor
All 163 units in Park Gate Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,533 sqft | AED 3.36MAED 3,358,777 · Sep 2019September 2019 | 240,000 /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 |
502, Park Gate Residences 2 in numbers
- Sold once: by Wasl on 28 July 2022 for AED 1,719,777, or AED 1,733 per sqft.
- Rented since March 2024 on 2 Ejari contracts, from AED 115,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2022 price is 7.0%.
- 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 20 August 2025.
Questions about 502, Park Gate Residences 2
What did unit 502 last sell for?
AED 1,719,777 on 28 July 2022, sold by the developer: AED 1,733 per sqft for 992 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 120,000 a year on the contract signed on 20 August 2025. The previous contract, from March 2024, was AED 115,000.
How big is unit 502?
992 sqft (92.2 sqm): a one-bedroom apartment on the 5th floor of a 20-storey tower completed in 2020.
What is unit 502 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 502, Park Gate Residences 2
Starts from the last sale price (AED 1.72M, 28 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,719,777
- Deposit, UAE resident (20%)
- AED 343,955
- Deposit, non-resident (40%)
- AED 687,911
- Monthly over 25 years at 3.7%
- AED 7,036
Plus AED 77,241 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →