1509, Park Gate Residences 3
Sold prices and rental history: sold twice, last in June 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1509, Park Gate Residences 3
What is 1509 worth today?
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Source: Dubai Land Department. Updated 11 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,616 sqft
- Floor
- 15th of 20
- Parking
- CD2-007
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.7M · June 2024
- Building
- Park Gate Residences 3
About 1509, Park Gate Residences 3
1509 is a two-bedroom apartment of 1,616 sqft on the 15th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 11 June 2024 for AED 2,700,000, or AED 1,670 per sqft, in line with the AED 1,651 two-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 22 October 2023, is AED 105,000 a year: a gross yield of 3.9% on the 2024 price.
Sales and rents for 1509 over time
1509 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 1509 sits
All 114 2-beds →1509 last sold in June 2024 at AED 1,670 per sqft, in line with what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,651). 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. 1509's AED 105,000 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 15th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,571 sqft | AED 2.7MAED 2,700,000 · May 2024May 2024 | 115,500 /yr | |
| 1502 | 1-bed | 994 sqft | AED 1.75MAED 1,750,000 · Jul 2024July 2024 | 111,888 /yr | |
| 1503 | 2-bed | 1,571 sqft | AED 2.84MAED 2,840,000 · Sep 2024September 2024 | 145,000 /yr | |
| 1504 | 2-bed | 1,548 sqft | AED 2.95MAED 2,950,000 · Dec 2024December 2024 | 115,000 /yr | |
| 1505 | 2-bed | 1,617 sqft | AED 2.75MAED 2,750,000 · Jun 2024June 2024 | 105,000 /yr | |
| 1506 | 2-bed | 1,631 sqft | AED 2.6MAED 2,600,000 · Jul 2024July 2024 | 142,800 /yr | |
| 1507 | 1-bed | 987 sqft | AED 1.55MAED 1,550,000 · Jun 2024June 2024 | 68,250 /yr | |
| 1508 | 2-bed | 1,632 sqft | AED 2.45MAED 2,450,000 · Sep 2024September 2024 | 165,000 /yr | |
| 1510 | 2-bed | 1,549 sqft | AED 2.4MAED 2,400,000 · Jul 2024July 2024 | 105,000 /yr |
1509, Park Gate Residences 3 in numbers
- Sold twice: first on 26 February 2018 for AED 1,999,200, last on 11 June 2024 for AED 2,700,000 (AED 1,670 per sqft).
- Rented since October 2021 on 3 Ejari contracts, at AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2024 price is 3.9%.
- 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 11 June 2024.
Questions about 1509, Park Gate Residences 3
What did unit 1509 last sell for?
AED 2,700,000 on 11 June 2024: AED 1,670 per sqft for 1,616 sqft. The unit has 2 registered sales; the first was AED 1,999,200 in February 2018.
What is the rent for unit 1509?
AED 105,000 a year on the contract renewed on 22 October 2023. The previous contract, from October 2022, was AED 105,000; the unit has been rented since October 2021.
How big is unit 1509?
1,616 sqft (150.1 sqm): a two-bedroom apartment on the 15th floor of a 20-storey tower completed in 2020.
What is unit 1509 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 1509, Park Gate Residences 3
Starts from the last sale price (AED 2.7M, 11 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,700,000
- Deposit, UAE resident (20%)
- AED 540,000
- Deposit, non-resident (40%)
- AED 1,080,000
- Monthly over 25 years at 3.7%
- AED 11,047
Plus AED 118,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →