1604, Park Gate Residences 3
Sold prices and rental history: sold twice, last in July 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 1604, Park Gate Residences 3
What is 1604 worth today?
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Source: Dubai Land Department. Updated 3 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,548 sqft
- Floor
- 16th of 20
- Parking
- CD2-070
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.55M · July 2024
- Building
- Park Gate Residences 3
About 1604, Park Gate Residences 3
1604 is a two-bedroom apartment of 1,548 sqft on the 16th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 3 July 2024 for AED 2,550,000, or AED 1,646 per sqft, in line with the AED 1,674 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 29 September 2023, is AED 101,800 a year: a gross yield of 4.0% on the 2024 price.
Sales and rents for 1604 over time
1604 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 1604 sits
All 114 2-beds →1604 last sold in July 2024 at AED 1,646 per sqft, in line with what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,674). 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. 1604's AED 101,800 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 16th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,571 sqft | AED 2.8MAED 2,800,000 · Jul 2024July 2024 | 105,713 /yr | |
| 1602 | 1-bed | 994 sqft | AED 1.75MAED 1,750,000 · May 2024May 2024 | 125,000 /yr | |
| 1603 | 2-bed | 1,478 sqft | AED 2.8MAED 2,800,000 · Jun 2024June 2024 | 135,000 /yr | |
| 1605 | 2-bed | 1,617 sqft | AED 2.75MAED 2,750,000 · Jul 2024July 2024 | 110,000 /yr | |
| 1606 | 2-bed | 1,554 sqft | AED 2.5MAED 2,500,000 · Aug 2024August 2024 | 110,001 /yr | |
| 1607 | 1-bed | 987 sqft | AED 1.65MAED 1,650,000 · Aug 2024August 2024 | 78,644 /yr | |
| 1608 | 2-bed | 1,632 sqft | AED 2.45MAED 2,450,000 · May 2024May 2024 | 105,000 /yr | |
| 1609 | 2-bed | 1,616 sqft | AED 2.75MAED 2,750,000 · Jun 2024June 2024 | 160,000 /yr | |
| 1610 | 2-bed | 1,549 sqft | AED 2.4MAED 2,400,000 · Aug 2024August 2024 | 150,000 /yr |
1604, Park Gate Residences 3 in numbers
- Sold twice: first on 26 February 2018 for AED 1,941,060, last on 3 July 2024 for AED 2,550,000 (AED 1,646 per sqft).
- Rented since September 2021 on 3 Ejari contracts, from AED 97,000 to AED 101,800 a year.
- At AED 101,800 a year the gross yield on the 2024 price is 4.0%.
- 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 3 July 2024.
Questions about 1604, Park Gate Residences 3
What did unit 1604 last sell for?
AED 2,550,000 on 3 July 2024: AED 1,646 per sqft for 1,548 sqft. The unit has 2 registered sales; the first was AED 1,941,060 in February 2018.
What is the rent for unit 1604?
AED 101,800 a year on the contract renewed on 29 September 2023. The previous contract, from September 2022, was AED 97,000; the unit has been rented since September 2021.
How big is unit 1604?
1,548 sqft (143.8 sqm): a two-bedroom apartment on the 16th floor of a 20-storey tower completed in 2020.
What is unit 1604 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 1604, Park Gate Residences 3
Starts from the last sale price (AED 2.55M, 3 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,550,000
- Deposit, UAE resident (20%)
- AED 510,000
- Deposit, non-resident (40%)
- AED 1,020,000
- Monthly over 25 years at 3.7%
- AED 10,433
Plus AED 112,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →