1203, Park Gate Residences 3
Sold prices and rental history: sold twice, last in April 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Park Gate Residences 3
What is 1203 worth today?
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Source: Dubai Land Department. Updated 15 August 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,571 sqft
- Floor
- 12th of 20
- Parking
- CD1-001
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2M · April 2022
- Building
- Park Gate Residences 3
About 1203, Park Gate Residences 3
1203 is a two-bedroom apartment of 1,571 sqft on the 12th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 15 April 2022 for AED 2,000,000, or AED 1,272 per sqft, 4% below the AED 1,329 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 15 August 2025, is AED 140,000 a year: a gross yield of 7.0% on the 2022 price.
Sales and rents for 1203 over time
1203 has sold twice; 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 3, and where 1203 sits
All 114 2-beds →1203 last sold in April 2022 at AED 1,272 per sqft, 4% below what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,329). 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. 1203's AED 140,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Dec 202519 December 2025 | 1,478 sqft | 3,200,000 | 2,165 | ||
| 2 Jun 20252 June 2025 | 2,057 sqft | 2,800,000 | 1,361 | ||
| 8 May 20258 May 2025 | 1,571 sqft | 3,100,000 | 1,972 | ||
| 26 Dec 202426 December 2024 | 1,548 sqft | 2,950,000 | 1,905 |
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 | ||
| 1202 | 1-bed | 994 sqft | AED 1.57MAED 1,570,000 · Jan 2018January 2018 | 130,000 /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 |
1203, Park Gate Residences 3 in numbers
- Sold twice: first on 22 September 2020 for AED 2,380,000, last on 15 April 2022 for AED 2,000,000 (AED 1,272 per sqft).
- Rented since May 2021 on 4 Ejari contracts, from AED 98,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2022 price is 7.0%.
- 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 15 August 2025.
Questions about 1203, Park Gate Residences 3
What did unit 1203 last sell for?
AED 2,000,000 on 15 April 2022: AED 1,272 per sqft for 1,571 sqft. The unit has 2 registered sales; the first was AED 2,380,000 in September 2020.
What is the rent for unit 1203?
AED 140,000 a year on the contract renewed on 15 August 2025. The previous contract, from August 2024, was AED 140,000; the unit has been rented since May 2021.
How big is unit 1203?
1,571 sqft (146.0 sqm): a two-bedroom apartment on the 12th floor of a 20-storey tower completed in 2020.
What is unit 1203 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 1203, Park Gate Residences 3
Starts from the last sale price (AED 2M, 15 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →