507, 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 507, Park Gate Residences 3
What is 507 worth today?
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Source: Dubai Land Department. Updated 22 October 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 992 sqft
- Floor
- 5th of 20
- Parking
- B2-029
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.37M · December 2018
- Building
- Park Gate Residences 3
About 507, Park Gate Residences 3
507 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 1,374,000, or AED 1,384 per sqft, 10% below 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 22 October 2025, is AED 95,000 a year: a gross yield of 6.9% on the 2018 price.
Sales and rents for 507 over time
507 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 507 sits
All 31 1-beds →507 last sold in December 2018 at AED 1,384 per sqft, 10% below 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 | ||
| 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 | ||
| 506 | 2-bed | 2,033 sqft | AED 2.38MAED 2,380,777 · Apr 2022April 2022 | ||
| 508 | 2-bed | 2,057 sqft | AED 2.8MAED 2,800,000 · Jun 2025June 2025 | 130,000 /yr |
507, Park Gate Residences 3 in numbers
- Sold once: by Wasl on 16 December 2018 for AED 1,374,000, or AED 1,384 per sqft.
- Rented since October 2021 on 3 Ejari contracts, from AED 65,000 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2018 price is 6.9%.
- 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 22 October 2025.
Questions about 507, Park Gate Residences 3
What did unit 507 last sell for?
AED 1,374,000 on 16 December 2018, sold by the developer: AED 1,384 per sqft for 992 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 95,000 a year on the contract signed on 22 October 2025. The previous contract, from June 2023, was AED 85,000; the unit has been rented since October 2021.
How big is unit 507?
992 sqft (92.2 sqm): a one-bedroom apartment on the 5th floor of a 20-storey tower completed in 2020.
What is unit 507 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 507, Park Gate Residences 3
Starts from the last sale price (AED 1.37M, 16 December 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,374,000
- Deposit, UAE resident (20%)
- AED 274,800
- Deposit, non-resident (40%)
- AED 549,600
- Monthly over 25 years at 3.7%
- AED 5,621
Plus AED 62,718 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →