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2-bed · 1,616 sqftPark Gate Residences 3, Al Kifaf · 10th floor · completed 2020

1009, Park Gate Residences 3

Sold prices and rental history: sold twice, last in June 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1009 · DLD and Ejari recordsUpdated 22 November 2023
Last soldAED 2.2M12 June 2023
Current rentAED 145K /yr22 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1009, Park Gate Residences 3

What is 1009 worth today?

Last sold for AED 2,200,000 in 2023

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22 Nov 2023RentedNew contract
AED 145,000/yr12 months · AED 90 per sqft
12 Jun 2023SoldReady
AED 2,200,000AED 1,361 per sqft
22 Nov 2022RentedNew contract
AED 135,000/yr12 months · AED 84 per sqft
24 Jan 2018Sold by developerOff-plan
AED 1,953,000AED 1,208 per sqft

Source: Dubai Land Department. Updated 22 November 2023.

Key facts

Type
2-bed apartment
Size
1,616 sqft
Floor
10th of 20
Parking
B1-178
Developer
Wasl
Completed
2020
Last sold
AED 2.2M · June 2023
Building
Park Gate Residences 3

About 1009, Park Gate Residences 3

1009 is a two-bedroom apartment of 1,616 sqft on the 10th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 12 June 2023 for AED 2,200,000, or AED 1,361 per sqft, 4% below the AED 1,413 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 22 November 2023, is AED 145,000 a year: a gross yield of 6.6% on the 2023 price.

Sales and rents for 1009 over time

Sales
Unit 1009, each saleTypical two-bed in Park Gate Residences 3
2M3M20182020202220242026Typical sale price by year: 2018 AED 1,941,570; 2019 AED 1,988,000; 2020 AED 1,984,389; 2021 AED 2,097,389; 2022 AED 2,200,000; 2023 AED 2,600,000; 2024 AED 2,650,000; 2025 AED 3,100,000Sold by developer, January 2018: AED 1,953,000 (AED 1,208 per sqft)Sold, June 2023: AED 2,200,000 (AED 1,361 per sqft)

1009 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1009, each contractTypical two-bed in Park Gate Residences 3
100K150K2021202320252027Typical rent by year: 2021 AED 96,000; 2022 AED 110,000; 2023 AED 115,000; 2024 AED 135,812; 2025 AED 150,000; 2026 AED 155,000New contract, November 2022: AED 135,000 a yearNew contract, November 2023: AED 145,000 a year

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 3, and where 1009 sits

All 114 2-beds →

1009 last sold in June 2023 at AED 1,361 per sqft, 4% below what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,413). Over the last 12 months two-beds sold for AED 3,200,000, around AED 2,165 per sqft, and rent for AED 142,800 to 165,000 a year. 1009's AED 145,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Dec 20253,200,000
2 Jun 20252,800,000
8 May 20253,100,000
26 Dec 20242,950,000
1 2-bed sale in the last 12 months

Park Gate Residences 3

Building

165 apartments, 1-bed to 5-bed over 20 floors in Al Kifaf, completed in 2020 by Wasl. 3 sold in the last 12 months.

Typical price per sqft
AED 2,005
Typical sale
AED 1.98M
Typical rent
AED 155K /yr
Typical yield
4.9%
Park Gate Residences 3, Al Kifaf: prices, sales and rents →

Other units on the 10th floor

All 165 units in Park Gate Residences 3
Value
10021-bedAED 1.53M · May 2018
10032-bedAED 2.48M · Feb 2022
1004AED 2.49M · Feb 2024
10052-bedAED 1.95M · Feb 2018
10062-bedAED 2.03M · Jan 2022
1007AED 1.91M · Nov 2025
10082-bedAED 2.03M · Jun 2022
1–7 of 8

1009, Park Gate Residences 3 in numbers

  • Sold twice: first on 24 January 2018 for AED 1,953,000, last on 12 June 2023 for AED 2,200,000 (AED 1,361 per sqft).
  • Rented since November 2022 on 2 Ejari contracts, from AED 135,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2023 price is 6.6%.
  • Two-beds in Park Gate Residences 3 sold for AED 3,200,000–3,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,005 per sqft.

Source: Dubai Land Department. Updated 22 November 2023.

Questions about 1009, Park Gate Residences 3

What did unit 1009 last sell for?

AED 2,200,000 on 12 June 2023: AED 1,361 per sqft for 1,616 sqft. The unit has 2 registered sales; the first was AED 1,953,000 in January 2018.

What is the rent for unit 1009?

AED 145,000 a year on the contract signed on 22 November 2023. The previous contract, from November 2022, was AED 135,000.

How big is unit 1009?

1,616 sqft (150.1 sqm): a two-bedroom apartment on the 10th floor of a 20-storey tower completed in 2020.

What is unit 1009 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 3 sold for AED 3,200,000 to 3,200,000 in the last 12 months, around AED 2,165 per sqft.

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Mortgage on 1009, Park Gate Residences 3

Starts from the last sale price (AED 2.2M, 12 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

Plus AED 97,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →