1702, Park Gate Residences 3
Sold prices and rental history: sold once, by the developer in April 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1702, Park Gate Residences 3
What is 1702 worth today?
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Source: Dubai Land Department. Updated 6 December 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 994 sqft
- Floor
- 17th of 20
- Parking
- CD2-072
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.61M · April 2018
- Building
- Park Gate Residences 3
About 1702, Park Gate Residences 3
1702 is a one-bedroom apartment of 994 sqft on the 17th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 24 April 2018 for AED 1,605,000, or AED 1,614 per sqft, 4% above the AED 1,545 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 6 December 2023, is AED 115,000 a year: a gross yield of 7.2% on the 2018 price.
Sales and rents for 1702 over time
1702 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Park Gate Residences 3, and where 1702 sits
All 31 1-beds →1702 last sold in April 2018 at AED 1,614 per sqft, 4% above what one-beds in Park Gate Residences 3 were fetching at the time (AED 1,545). Over the last 12 months one-beds sold for AED 1,910,000 to 1,980,000, around AED 1,970 per sqft, and rent for AED 94,000 to 110,000 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jun 202513 June 2025 | 994 sqft | 2,075,000 | 2,086 | ||
| 26 Aug 202426 August 2024 | 987 sqft | 1,650,000 | 1,671 | ||
| 1 Jul 20241 July 2024 | 994 sqft | 1,750,000 | 1,760 | ||
| 5 Jun 20245 June 2024 | 987 sqft | 1,550,000 | 1,569 |
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 17th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 2-bed | 1,571 sqft | AED 2.48MAED 2,480,000 · Sep 2020September 2020 | 160,000 /yr | |
| 1703 | 2-bed | 1,571 sqft | AED 2.56MAED 2,556,777 · Apr 2022April 2022 | 172,000 /yr | |
| 1704 | 2-bed | 1,548 sqft | AED 1.99MAED 1,991,000 · May 2018May 2018 | ||
| 1705 | 2-bed | 1,617 sqft | AED 2.02MAED 2,019,000 · Apr 2018April 2018 | 126,000 /yr | |
| 1706 | 2-bed | 1,631 sqft | AED 2MAED 1,996,000 · Sep 2020September 2020 | 160,000 /yr | |
| 1707 | 987 sqft | AED 1.93MAED 1,930,000 · Oct 2025October 2025 | 85,000 /yr | ||
| 1708 | 2-bed | 1,632 sqft | AED 2.1MAED 2,100,777 · Jul 2022July 2022 | ||
| 1709 | 2-bed | 1,616 sqft | AED 2.2MAED 2,200,000 · Dec 2023December 2023 | 152,000 /yr | |
| 1710 | 2-bed | 1,549 sqft | AED 2.09MAED 2,094,777 · Aug 2021August 2021 |
1702, Park Gate Residences 3 in numbers
- Sold once: by Wasl on 24 April 2018 for AED 1,605,000, or AED 1,614 per sqft.
- Rented since September 2021 on 3 Ejari contracts, from AED 65,000 to AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2018 price is 7.2%.
- One-beds in Park Gate Residences 3 sold for AED 1,910,000–1,980,000 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 6 December 2023.
Questions about 1702, Park Gate Residences 3
What did unit 1702 last sell for?
AED 1,605,000 on 24 April 2018, sold by the developer: AED 1,614 per sqft for 994 sqft. It is the only registered sale of the unit.
What is the rent for unit 1702?
AED 115,000 a year on the contract renewed on 6 December 2023. The previous contract, from December 2022, was AED 110,000; the unit has been rented since September 2021.
How big is unit 1702?
994 sqft (92.3 sqm): a one-bedroom apartment on the 17th floor of a 20-storey tower completed in 2020.
What is unit 1702 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Gate Residences 3 sold for AED 1,910,000 to 1,980,000 in the last 12 months, around AED 1,970 per sqft.
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Mortgage on 1702, Park Gate Residences 3
Starts from the last sale price (AED 1.61M, 24 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,605,000
- Deposit, UAE resident (20%)
- AED 321,000
- Deposit, non-resident (40%)
- AED 642,000
- Monthly over 25 years at 3.7%
- AED 6,567
Plus AED 72,420 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →