505, Park Gate Residences 3
Sold prices and rental history: sold once, by the developer in February 2018, and rented once, from December 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Park Gate Residences 3
What is 505 worth today?
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Source: Dubai Land Department. Updated 21 December 2025.
Key facts
- Type
- Apartment
- Size
- 1,914 sqft
- Floor
- 5th of 20
- Parking
- B2-031 , B2-036
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.93M · February 2018
- Building
- Park Gate Residences 3
About 505, Park Gate Residences 3
505 is an apartment of 1,914 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 11 February 2018 for AED 1,932,000, or AED 1,009 per sqft.
One Ejari contract is registered, from 21 December 2025. The current contract, signed on 21 December 2025, is AED 165,000 a year: a gross yield of 8.5% on the 2018 price.
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 | ||
| 502 | 1-bed | 992 sqft | AED 1.49MAED 1,493,000 · Dec 2018December 2018 | 92,000 /yr | |
| 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 | ||
| 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 |
505, Park Gate Residences 3 in numbers
- Sold once: by Wasl on 11 February 2018 for AED 1,932,000, or AED 1,009 per sqft.
- Rented since December 2025 on one Ejari contract, at AED 165,000 a year.
- At AED 165,000 a year the gross yield on the 2018 price is 8.5%.
Source: Dubai Land Department. Updated 21 December 2025.
Questions about 505, Park Gate Residences 3
What did unit 505 last sell for?
AED 1,932,000 on 11 February 2018, sold by the developer: AED 1,009 per sqft for 1,914 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 165,000 a year on the contract signed on 21 December 2025.
How big is unit 505?
1,914 sqft (177.8 sqm): an apartment on the 5th floor of a 20-storey tower completed in 2020.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 505, Park Gate Residences 3
Starts from the last sale price (AED 1.93M, 11 February 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,932,000
- Deposit, UAE resident (20%)
- AED 386,400
- Deposit, non-resident (40%)
- AED 772,800
- Monthly over 25 years at 3.7%
- AED 7,904
Plus AED 86,154 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →