502, Park Gate Residences 3
Sold prices and rental history: sold once, by the developer in December 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 502, Park Gate Residences 3
What is 502 worth today?
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Source: Dubai Land Department. Updated 6 July 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 992 sqft
- Floor
- 5th of 20
- Parking
- B2-104
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.49M · December 2018
- Building
- Park Gate Residences 3
About 502, Park Gate Residences 3
502 is a one-bedroom apartment of 992 sqft on the 5th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 16 December 2018 for AED 1,493,000, or AED 1,505 per sqft, in line with the AED 1,537 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 6 July 2025, is AED 92,000 a year: a gross yield of 6.2% on the 2018 price.
Sales and rents for 502 over time
502 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 502 sits
All 31 1-beds →502 last sold in December 2018 at AED 1,505 per sqft, in line with what one-beds in Park Gate Residences 3 were fetching at the time (AED 1,537). 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 5th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,533 sqft | AED 3.23MAED 3,227,000 · Mar 2018March 2018 | ||
| 503 | 2-bed | 2,043 sqft | AED 3.2MAED 3,200,000 · Jul 2024July 2024 | 130,000 /yr | |
| 504 | 2-bed | 1,917 sqft | AED 1.97MAED 1,972,777 · Apr 2020April 2020 | ||
| 505 | 1,914 sqft | AED 1.93MAED 1,932,000 · Feb 2018February 2018 | 165,000 /yr | ||
| 506 | 2-bed | 2,033 sqft | AED 2.38MAED 2,380,777 · Apr 2022April 2022 | ||
| 507 | 1-bed | 992 sqft | AED 1.37MAED 1,374,000 · Dec 2018December 2018 | 95,000 /yr | |
| 508 | 2-bed | 2,057 sqft | AED 2.8MAED 2,800,000 · Jun 2025June 2025 | 130,000 /yr |
502, Park Gate Residences 3 in numbers
- Sold once: by Wasl on 16 December 2018 for AED 1,493,000, or AED 1,505 per sqft.
- Rented since October 2021 on 3 Ejari contracts, from AED 75,000 to AED 92,000 a year.
- At AED 92,000 a year the gross yield on the 2018 price is 6.2%.
- 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 July 2025.
Questions about 502, Park Gate Residences 3
What did unit 502 last sell for?
AED 1,493,000 on 16 December 2018, sold by the developer: AED 1,505 per sqft for 992 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 92,000 a year on the contract signed on 6 July 2025. The previous contract, from October 2024, was AED 86,000; the unit has been rented since October 2021.
How big is unit 502?
992 sqft (92.2 sqm): a one-bedroom apartment on the 5th floor of a 20-storey tower completed in 2020.
What is unit 502 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 502, Park Gate Residences 3
Starts from the last sale price (AED 1.49M, 16 December 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,493,000
- Deposit, UAE resident (20%)
- AED 298,600
- Deposit, non-resident (40%)
- AED 597,200
- Monthly over 25 years at 3.7%
- AED 6,108
Plus AED 67,716 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →