2-bed · 1,571 sqftPark Gate Residences 3, Al Kifaf · 14th floor · completed 2020

1403, Park Gate Residences 3

Sold prices and rental history: sold twice, last in March 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1403 · DLD and Ejari recordsUpdated 2 March 2022
Last soldAED 2.65M2 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1403, Park Gate Residences 3

What is 1403 worth today?

Last sold for AED 2,650,000 in 2022

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2 Mar 2022SoldReady
AED 2,650,000AED 1,686 per sqft
11 Mar 2018Sold by developerOff-plan
AED 2,450,000AED 1,559 per sqft

Source: Dubai Land Department. Updated 2 March 2022.

Key facts

Type
2-bed apartment
Size
1,571 sqft
Floor
14th of 20
Parking
CD1-003
Developer
Wasl
Completed
2020
Last sold
AED 2.65M · March 2022

About 1403, Park Gate Residences 3

1403 is a two-bedroom apartment of 1,571 sqft on the 14th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 2 March 2022 for AED 2,650,000, or AED 1,686 per sqft, 27% above the AED 1,330 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1403 over time

Sales
Unit 1403, 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, March 2018: AED 2,450,000 (AED 1,559 per sqft)Sold, March 2022: AED 2,650,000 (AED 1,686 per sqft)

1403 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1403, 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 1403 sits

All 114 2-beds →

1403 last sold in March 2022 at AED 1,686 per sqft, 27% above what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,330). 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 14th floor

All 165 units in Park Gate Residences 3
Value
14012-bedAED 2.53M · Sep 2022
14021-bedAED 1.59M · Sep 2020
14042-bedAED 1.92M · Feb 2018
14052-bedAED 1.99M · Apr 2018
14062-bedAED 1.97M · Mar 2020
14071-bedAED 1.46M · Mar 2018
14082-bedAED 2.07M · Mar 2022
1–7 of 9

1403, Park Gate Residences 3 in numbers

  • Sold twice: first on 11 March 2018 for AED 2,450,000, last on 2 March 2022 for AED 2,650,000 (AED 1,686 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 2 March 2022.

Questions about 1403, Park Gate Residences 3

What did unit 1403 last sell for?

AED 2,650,000 on 2 March 2022: AED 1,686 per sqft for 1,571 sqft. The unit has 2 registered sales; the first was AED 2,450,000 in March 2018.

How big is unit 1403?

1,571 sqft (146.0 sqm): a two-bedroom apartment on the 14th floor of a 20-storey tower completed in 2020.

What is unit 1403 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 1403, Park Gate Residences 3

Starts from the last sale price (AED 2.65M, 2 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

Plus AED 116,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →