701, Park Gate Residences 3
Sold prices and rental history: sold once, by the developer in March 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 701, Park Gate Residences 3
What is 701 worth today?
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Source: Dubai Land Department. Updated 2 March 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,569 sqft
- Floor
- 7th of 20
- Parking
- B2-226 CD2-011
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.5M · March 2022
- Building
- Park Gate Residences 3
About 701, Park Gate Residences 3
701 is a two-bedroom apartment of 1,569 sqft on the 7th floor of Park Gate Residences 3, a 20-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 2 March 2022 for AED 2,496,777, or AED 1,590 per sqft, 20% above the AED 1,330 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 701 over time
701 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 701 sits
All 114 2-beds →701 last sold in March 2022 at AED 1,590 per sqft, 20% above what two-beds in Park Gate Residences 3 were fetching at the time (AED 1,330). 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 7th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 1-bed | 994 sqft | AED 1.54MAED 1,537,000 · Mar 2018March 2018 | 110,000 /yr | |
| 703 | 2-bed | 1,573 sqft | AED 2.66MAED 2,660,000 · Sep 2023September 2023 | 167,500 /yr | |
| 704 | 1,550 sqft | AED 1.86MAED 1,860,000 · Feb 2018February 2018 | 165,000 /yr | ||
| 705 | 2-bed | 1,618 sqft | AED 1.93MAED 1,925,000 · Apr 2018April 2018 | ||
| 706 | 2-bed | 1,633 sqft | AED 1.87MAED 1,866,000 · Apr 2018April 2018 | 145,000 /yr | |
| 707 | 1-bed | 987 sqft | AED 1.41MAED 1,414,000 · Feb 2018February 2018 | 100,000 /yr | |
| 708 | 2-bed | 1,630 sqft | AED 1.87MAED 1,867,000 · Mar 2018March 2018 | ||
| 709 | 2-bed | 1,614 sqft | AED 1.92MAED 1,924,000 · Feb 2018February 2018 | 145,000 /yr | |
| 710 | 2-bed | 1,548 sqft | AED 1.86MAED 1,861,000 · Feb 2018February 2018 | 126,000 /yr |
701, Park Gate Residences 3 in numbers
- Sold once: by Wasl on 2 March 2022 for AED 2,496,777, or AED 1,590 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 2 March 2022.
Questions about 701, Park Gate Residences 3
What did unit 701 last sell for?
AED 2,496,777 on 2 March 2022, sold by the developer: AED 1,590 per sqft for 1,569 sqft. It is the only registered sale of the unit.
How big is unit 701?
1,569 sqft (145.8 sqm): a two-bedroom apartment on the 7th floor of a 20-storey tower completed in 2020.
What is unit 701 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 701, Park Gate Residences 3
Starts from the last sale price (AED 2.5M, 2 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,496,777
- Deposit, UAE resident (20%)
- AED 499,355
- Deposit, non-resident (40%)
- AED 998,711
- Monthly over 25 years at 3.7%
- AED 10,215
Plus AED 109,875 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →