2-bed · 1,534 sqftPark Gate Residences 3, Al Kifaf · 11th floor · completed 2020

1109, Park Gate Residences 3

Sold prices and rental history: sold once, by the developer in May 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1109 · DLD and Ejari recordsUpdated 19 May 2019
Last soldAED 1.99M19 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1109, Park Gate Residences 3

What is 1109 worth today?

Last sold for AED 1,988,000 in 2019

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19 May 2019Sold by developerOff-plan
AED 1,988,000AED 1,295 per sqft

Source: Dubai Land Department. Updated 19 May 2019.

Key facts

Type
2-bed apartment
Size
1,534 sqft
Floor
11th of 20
Parking
B1-179
Developer
Wasl
Completed
2020
Last sold
AED 1.99M · May 2019

About 1109, Park Gate Residences 3

1109 is a two-bedroom apartment of 1,534 sqft on the 11th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 19 May 2019 for AED 1,988,000, or AED 1,295 per sqft, in line with the AED 1,258 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1109 over time

Sales
Unit 1109, 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, May 2019: AED 1,988,000 (AED 1,295 per sqft)

1109 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1109, 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 155,000

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 1109 sits

All 114 2-beds →

1109 last sold in May 2019 at AED 1,295 per sqft, in line with what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,258). 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.

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 11th floor

All 165 units in Park Gate Residences 3
Value
11012-bedAED 2.54M · Feb 2022
11021-bedAED 1.5M · May 2022
11032-bedAED 2.58M · Jun 2022
11042-bedAED 1.89M · Sep 2021
11052-bedAED 2.54M · Jun 2023
11062-bedAED 1.89M · Apr 2018
11071-bedAED 1.55M · Jun 2022
1–7 of 9

1109, Park Gate Residences 3 in numbers

  • Sold once: by Wasl on 19 May 2019 for AED 1,988,000, or AED 1,295 per sqft.
  • 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 19 May 2019.

Questions about 1109, Park Gate Residences 3

What did unit 1109 last sell for?

AED 1,988,000 on 19 May 2019, sold by the developer: AED 1,295 per sqft for 1,534 sqft. It is the only registered sale of the unit.

How big is unit 1109?

1,534 sqft (142.5 sqm): a two-bedroom apartment on the 11th floor of a 20-storey tower completed in 2020.

What is unit 1109 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 1109, Park Gate Residences 3

Starts from the last sale price (AED 1.99M, 19 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,988,000
Deposit, UAE resident (20%)
AED 397,600
Deposit, non-resident (40%)
AED 795,200
Monthly over 25 years at 3.7%
AED 8,134

Plus AED 88,506 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →