702, Park Gate Residences 3
Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Park Gate Residences 3
What is 702 worth today?
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Source: Dubai Land Department. Updated 1 September 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 994 sqft
- Floor
- 7th of 20
- Parking
- B2-216
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.54M · March 2018
- Building
- Park Gate Residences 3
About 702, Park Gate Residences 3
702 is a one-bedroom apartment of 994 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 22 March 2018 for AED 1,537,000, or AED 1,545 per sqft, in line with the AED 1,537 one-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 1 September 2025, is AED 105,000 a year: a gross yield of 6.8% on the 2018 price.
Sales and rents for 702 over time
702 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 702 sits
All 31 1-beds →702 last sold in March 2018 at AED 1,545 per sqft, in line with 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 7th floor
All 165 units in Park Gate Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,569 sqft | AED 2.5MAED 2,496,777 · Mar 2022March 2022 | ||
| 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 |
702, Park Gate Residences 3 in numbers
- Sold once: by Wasl on 22 March 2018 for AED 1,537,000, or AED 1,545 per sqft.
- Rented since September 2023 on 4 Ejari contracts, from AED 66,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2018 price is 6.8%.
- 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 1 September 2025.
Questions about 702, Park Gate Residences 3
What did unit 702 last sell for?
AED 1,537,000 on 22 March 2018, sold by the developer: AED 1,545 per sqft for 994 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 105,000 a year on the contract signed on 1 September 2025. The previous contract, from September 2025, was AED 110,000; the unit has been rented since September 2023.
How big is unit 702?
994 sqft (92.3 sqm): a one-bedroom apartment on the 7th floor of a 20-storey tower completed in 2020.
What is unit 702 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 702, Park Gate Residences 3
Starts from the last sale price (AED 1.54M, 22 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,537,000
- Deposit, UAE resident (20%)
- AED 307,400
- Deposit, non-resident (40%)
- AED 614,800
- Monthly over 25 years at 3.7%
- AED 6,288
Plus AED 69,564 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →