506, Park Gate Residences 2
Sold prices and rental history: sold once, by the developer in April 2025, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Park Gate Residences 2
What is 506 worth today?
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Source: Dubai Land Department. Updated 9 April 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 2,033 sqft
- Floor
- 5th of 20
- Parking
- B2-027
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 3.21M · April 2025
- Building
- Park Gate Residences 2
About 506, Park Gate Residences 2
506 is a two-bedroom apartment of 2,033 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 9 April 2025 for AED 3,212,221, or AED 1,580 per sqft, 9% below the AED 1,743 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 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 506 sits
All 122 2-beds →506 last sold in April 2025 at AED 1,580 per sqft, 9% below what two-beds in Park Gate Residences 2 were fetching at the time (AED 1,743). 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.
| 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 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 | |
| 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 | ||
| 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 |
506, Park Gate Residences 2 in numbers
- Sold once: by Wasl on 9 April 2025 for AED 3,212,221, or AED 1,580 per sqft.
- 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 9 April 2025.
Questions about 506, Park Gate Residences 2
What did unit 506 last sell for?
AED 3,212,221 on 9 April 2025, sold by the developer: AED 1,580 per sqft for 2,033 sqft. It is the only registered sale of the unit.
How big is unit 506?
2,033 sqft (188.9 sqm): a two-bedroom apartment on the 5th floor of a 20-storey tower completed in 2020.
What is unit 506 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 506, Park Gate Residences 2
Starts from the last sale price (AED 3.21M, 9 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 3,212,221
- Deposit, UAE resident (20%)
- AED 642,444
- Deposit, non-resident (40%)
- AED 1,284,888
- Monthly over 25 years at 3.7%
- AED 13,142
Plus AED 139,923 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →