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2-bed · 1,631 sqftPark Gate Residences 3, Al Kifaf · 12th floor · completed 2020

1206, Park Gate Residences 3

Sold prices and rental history: sold once, by the developer in January 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1206 · DLD and Ejari recordsUpdated 24 October 2024
Last soldAED 1.91M13 January 2019
Current rentAED 110K /yr24 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1206, Park Gate Residences 3

What is 1206 worth today?

Last sold for AED 1,911,000 in 2019

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24 Oct 2024RentedRenewal
AED 110,000/yr12 months · AED 67 per sqft
24 Oct 2023RentedRenewal
AED 100,000/yr12 months · AED 61 per sqft
24 Oct 2022RentedRenewal
AED 95,000/yr12 months · AED 58 per sqft
13 Jan 2019Sold by developerOff-plan
AED 1,911,000AED 1,171 per sqft

Source: Dubai Land Department. Updated 24 October 2024.

Key facts

Type
2-bed apartment
Size
1,631 sqft
Floor
12th of 20
Parking
CD1-010
Developer
Wasl
Completed
2020
Last sold
AED 1.91M · January 2019
Building
Park Gate Residences 3

About 1206, Park Gate Residences 3

1206 is a two-bedroom apartment of 1,631 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 13 January 2019 for AED 1,911,000, or AED 1,171 per sqft, 4% below the AED 1,219 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 24 October 2024, is AED 110,000 a year: a gross yield of 5.8% on the 2019 price.

Sales and rents for 1206 over time

Sales
Unit 1206, 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 2019: AED 1,911,000 (AED 1,171 per sqft)

1206 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1206, 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 155,000Renewal, October 2022: AED 95,000 a yearRenewal, October 2023: AED 100,000 a yearRenewal, October 2024: AED 110,000 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 1206 sits

All 114 2-beds →

1206 last sold in January 2019 at AED 1,171 per sqft, 4% below what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,219). 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. 1206's AED 110,000 is at the bottom 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 12th floor

All 165 units in Park Gate Residences 3
Value
12012-bedAED 2.6M · Jun 2023
12021-bedAED 1.57M · Jan 2018
12032-bedAED 2M · Apr 2022
12042-bedAED 750K · Oct 2020
12052-bedAED 1.97M · Feb 2018
12071-bedAED 1.56M · Mar 2022
1208AED 2.05M · Apr 2022
1–7 of 9

1206, Park Gate Residences 3 in numbers

  • Sold once: by Wasl on 13 January 2019 for AED 1,911,000, or AED 1,171 per sqft.
  • Rented since October 2022 on 3 Ejari contracts, from AED 95,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2019 price is 5.8%.
  • 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 24 October 2024.

Questions about 1206, Park Gate Residences 3

What did unit 1206 last sell for?

AED 1,911,000 on 13 January 2019, sold by the developer: AED 1,171 per sqft for 1,631 sqft. It is the only registered sale of the unit.

What is the rent for unit 1206?

AED 110,000 a year on the contract renewed on 24 October 2024. The previous contract, from October 2023, was AED 100,000; the unit has been rented since October 2022.

How big is unit 1206?

1,631 sqft (151.5 sqm): a two-bedroom apartment on the 12th floor of a 20-storey tower completed in 2020.

What is unit 1206 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 1206, Park Gate Residences 3

Starts from the last sale price (AED 1.91M, 13 January 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,911,000
Deposit, UAE resident (20%)
AED 382,200
Deposit, non-resident (40%)
AED 764,400
Monthly over 25 years at 3.7%
AED 7,818

Plus AED 85,272 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →