1202, Park Gate Residences 3
Sold prices and rental history: sold once, by the developer in January 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1202, Park Gate Residences 3
What is 1202 worth today?
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Source: Dubai Land Department. Updated 6 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 994 sqft
- Floor
- 12th of 20
- Parking
- CD1-017
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.57M · January 2018
- Building
- Park Gate Residences 3
About 1202, Park Gate Residences 3
1202 is a one-bedroom apartment of 994 sqft on the 12th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 24 January 2018 for AED 1,570,000, or AED 1,579 per sqft.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 6 October 2024, is AED 130,000 a year: a gross yield of 8.3% on the 2018 price.
Sales and rents for 1202 over time
1202 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 3, and where 1202 sits
All 31 1-beds →Over the last 12 months one-beds sold for AED 1,910,000 to 1,980,000, around AED 1,970 per sqft, and rent for AED 94,000 to 110,000 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jun 202513 June 2025 | 994 sqft | 2,075,000 | 2,086 | ||
| 26 Aug 202426 August 2024 | 987 sqft | 1,650,000 | 1,671 | ||
| 1 Jul 20241 July 2024 | 994 sqft | 1,750,000 | 1,760 | ||
| 5 Jun 20245 June 2024 | 987 sqft | 1,550,000 | 1,569 |
Park Gate Residences 3
Building165 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%
Other units on the 12th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,571 sqft | AED 2.6MAED 2,600,000 · Jun 2023June 2023 | ||
| 1203 | 2-bed | 1,571 sqft | AED 2MAED 2,000,000 · Apr 2022April 2022 | 140,000 /yr | |
| 1204 | 2-bed | 1,548 sqft | AED 750KAED 750,000 · Oct 2020October 2020 | 118,792 /yr | |
| 1205 | 2-bed | 1,617 sqft | AED 1.97MAED 1,972,000 · Feb 2018February 2018 | 170,000 /yr | |
| 1206 | 2-bed | 1,631 sqft | AED 1.91MAED 1,911,000 · Jan 2019January 2019 | 110,000 /yr | |
| 1207 | 1-bed | 987 sqft | AED 1.56MAED 1,556,777 · Mar 2022March 2022 | 105,000 /yr | |
| 1208 | 1,632 sqft | AED 2.05MAED 2,053,777 · Apr 2022April 2022 | |||
| 1209 | 2-bed | 1,616 sqft | AED 1.97MAED 1,971,000 · Feb 2018February 2018 | ||
| 1210 | 2-bed | 1,549 sqft | AED 2.03MAED 2,027,777 · Apr 2021April 2021 |
1202, Park Gate Residences 3 in numbers
- Sold once: by Wasl on 24 January 2018 for AED 1,570,000, or AED 1,579 per sqft.
- Rented since June 2022 on 3 Ejari contracts, from AED 85,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2018 price is 8.3%.
- One-beds in Park Gate Residences 3 sold for AED 1,910,000–1,980,000 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 6 October 2024.
Questions about 1202, Park Gate Residences 3
What did unit 1202 last sell for?
AED 1,570,000 on 24 January 2018, sold by the developer: AED 1,579 per sqft for 994 sqft. It is the only registered sale of the unit.
What is the rent for unit 1202?
AED 130,000 a year on the contract signed on 6 October 2024. The previous contract, from October 2023, was AED 105,000; the unit has been rented since June 2022.
How big is unit 1202?
994 sqft (92.3 sqm): a one-bedroom apartment on the 12th floor of a 20-storey tower completed in 2020.
What is unit 1202 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 3 sold for AED 1,910,000 to 1,980,000 in the last 12 months, around AED 1,970 per sqft.
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Mortgage on 1202, Park Gate Residences 3
Starts from the last sale price (AED 1.57M, 24 January 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,570,000
- Deposit, UAE resident (20%)
- AED 314,000
- Deposit, non-resident (40%)
- AED 628,000
- Monthly over 25 years at 3.7%
- AED 6,423
Plus AED 70,950 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →