506, Park Gate Residences 3
Sold prices and rental history: sold once, by the developer in April 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Park Gate Residences 3
What is 506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 12 April 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 2,033 sqft
- Floor
- 5th of 20
- Parking
- B2-030
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.38M · April 2022
- Building
- Park Gate Residences 3
About 506, Park Gate Residences 3
506 is a two-bedroom apartment of 2,033 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 12 April 2022 for AED 2,380,777, or AED 1,171 per sqft, 12% below the AED 1,329 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 has sold once; 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 506 sits
All 114 2-beds →506 last sold in April 2022 at AED 1,171 per sqft, 12% below what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,329). 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.
| 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 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 | ||
| 505 | 1,914 sqft | AED 1.93MAED 1,932,000 · Feb 2018February 2018 | 165,000 /yr | ||
| 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 |
506, Park Gate Residences 3 in numbers
- Sold once: by Wasl on 12 April 2022 for AED 2,380,777, or AED 1,171 per sqft.
- 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 12 April 2022.
Questions about 506, Park Gate Residences 3
What did unit 506 last sell for?
AED 2,380,777 on 12 April 2022, sold by the developer: AED 1,171 per sqft for 2,033 sqft. It is the only registered sale of the unit.
How big is unit 506?
2,033 sqft (188.9 sqm): a two-bedroom apartment on the 5th floor of a 20-storey tower completed in 2020.
What is unit 506 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.
Selling 506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 506, Park Gate Residences 3
Starts from the last sale price (AED 2.38M, 12 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,380,777
- Deposit, UAE resident (20%)
- AED 476,155
- Deposit, non-resident (40%)
- AED 952,311
- Monthly over 25 years at 3.7%
- AED 9,740
Plus AED 105,003 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →