508, Park Gate Residences 3
Sold prices and rental history: sold twice, last in June 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Park Gate Residences 3
What is 508 worth today?
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Source: Dubai Land Department. Updated 2 June 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 2,057 sqft
- Floor
- 5th of 20
- Parking
- B2-032
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.8M · June 2025
- Building
- Park Gate Residences 3
About 508, Park Gate Residences 3
508 is a two-bedroom apartment of 2,057 sqft on the 5th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 2 June 2025 for AED 2,800,000, or AED 1,361 per sqft, 19% below the AED 1,670 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 5 September 2023, is AED 130,000 a year: a gross yield of 4.6% on the 2025 price.
Sales and rents for 508 over time
508 has sold twice; 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 508 sits
All 114 2-beds →508 last sold in June 2025 at AED 1,361 per sqft, 19% below what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,670). 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. 508's AED 130,000 is at the bottom of that range.
| 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 | ||
| 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 | ||
| 13 Nov 202413 November 2024 | 1,571 sqft | 3,200,000 | 2,037 |
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 | ||
| 507 | 1-bed | 992 sqft | AED 1.37MAED 1,374,000 · Dec 2018December 2018 | 95,000 /yr |
508, Park Gate Residences 3 in numbers
- Sold twice: first on 19 August 2021 for AED 2,381,777, last on 2 June 2025 for AED 2,800,000 (AED 1,361 per sqft).
- Rented since April 2022 on 3 Ejari contracts, from AED 110,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2025 price is 4.6%.
- 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 2 June 2025.
Questions about 508, Park Gate Residences 3
What did unit 508 last sell for?
AED 2,800,000 on 2 June 2025: AED 1,361 per sqft for 2,057 sqft. The unit has 2 registered sales; the first was AED 2,381,777 in August 2021.
What is the rent for unit 508?
AED 130,000 a year on the contract signed on 5 September 2023. The previous contract, from April 2023, was AED 132,000; the unit has been rented since April 2022.
How big is unit 508?
2,057 sqft (191.1 sqm): a two-bedroom apartment on the 5th floor of a 20-storey tower completed in 2020.
What is unit 508 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.
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Mortgage on 508, Park Gate Residences 3
Starts from the last sale price (AED 2.8M, 2 June 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,800,000
- Deposit, UAE resident (20%)
- AED 560,000
- Deposit, non-resident (40%)
- AED 1,120,000
- Monthly over 25 years at 3.7%
- AED 11,456
Plus AED 122,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →