507, Park Gate Residences 2
Sold prices and rental history: sold 3 times, last in June 2025, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Park Gate Residences 2
What is 507 worth today?
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Source: Dubai Land Department. Updated 20 February 2026.
Key facts
- Type
- Apartment
- Size
- 992 sqft
- Floor
- 5th of 20
- Parking
- B2-028
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.94M · June 2025
- Building
- Park Gate Residences 2
About 507, Park Gate Residences 2
507 is an 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. It last sold on 26 June 2025 for AED 1,940,000, or AED 1,955 per sqft.
It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, renewed on 20 February 2026, is AED 124,000 a year: a gross yield of 6.4% on the 2025 price.
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 | ||
| 506 | 2-bed | 2,033 sqft | AED 3.21MAED 3,212,221 · Apr 2025April 2025 | ||
| 508 | 2-bed | 2,057 sqft | AED 2.7MAED 2,700,000 · Jun 2023June 2023 |
507, Park Gate Residences 2 in numbers
- Sold 3 times: first on 6 June 2022 for AED 1,565,777, last on 26 June 2025 for AED 1,940,000 (AED 1,955 per sqft).
- Rented since January 2024 on 4 Ejari contracts, from AED 116,000 to AED 124,000 a year.
- At AED 124,000 a year the gross yield on the 2025 price is 6.4%.
Source: Dubai Land Department. Updated 20 February 2026.
Questions about 507, Park Gate Residences 2
What did unit 507 last sell for?
AED 1,940,000 on 26 June 2025: AED 1,955 per sqft for 992 sqft. The unit has 3 registered sales; the first was AED 1,565,777 in June 2022.
What is the rent for unit 507?
AED 124,000 a year on the contract renewed on 20 February 2026. The previous contract, from February 2025, was AED 124,000; the unit has been rented since January 2024.
How big is unit 507?
992 sqft (92.2 sqm): an apartment on the 5th floor of a 20-storey tower completed in 2020.
What is unit 507 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 507, Park Gate Residences 2
Starts from the last sale price (AED 1.94M, 26 June 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,940,000
- Deposit, UAE resident (20%)
- AED 388,000
- Deposit, non-resident (40%)
- AED 776,000
- Monthly over 25 years at 3.7%
- AED 7,937
Plus AED 86,490 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →