1201, Park Gate Residences 4
Sold prices and rental history: sold once, by the developer in February 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 1201, Park Gate Residences 4
What is 1201 worth today?
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Source: Dubai Land Department. Updated 16 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,572 sqft
- Floor
- 12th of 27
- Parking
- B1-215
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.38M · February 2018
- Building
- Park Gate Residences 4
About 1201, Park Gate Residences 4
1201 is a two-bedroom apartment of 1,572 sqft on the 12th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 8 February 2018 for AED 2,381,000, or AED 1,514 per sqft, 26% above the AED 1,203 two-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 16 May 2024, is AED 125,000 a year: a gross yield of 5.3% on the 2018 price.
Sales and rents for 1201 over time
1201 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 4, and where 1201 sits
All 106 2-beds →1201 last sold in February 2018 at AED 1,514 per sqft, 26% above what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,203). Over the last 12 months two-beds sold for AED 2,750,000, around AED 1,683 per sqft, and rent for AED 80,000 to 180,000 a year. 1201's AED 125,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Feb 202611 February 2026 | 1,633 sqft | 2,750,000 | 1,683 | ||
| 24 Mar 202524 March 2025 | 1,571 sqft | 3,000,000 | 1,909 | ||
| 6 Mar 20256 March 2025 | 1,610 sqft | 3,025,000 | 1,878 | ||
| 20 Mar 202420 March 2024 | 1,634 sqft | 2,470,000 | 1,511 |
Park Gate Residences 4
Building207 apartments, 1-bed to 5-bed over 27 floors in Al Kifaf, completed in 2020 by Wasl. 3 sold in the last 12 months.
- Typical price per sqft
- AED 1,927
- Typical sale
- AED 2.75M
- Typical rent
- AED 121K /yr
- Typical yield
- 4.9%
Other units on the 12th floor
All 207 units in Park Gate Residences 4| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1202 | 1-bed | 994 sqft | AED 1.54MAED 1,540,000 · Mar 2018March 2018 | 115,000 /yr | |
| 1203 | 2-bed | 1,572 sqft | AED 2.38MAED 2,381,000 · Jan 2018January 2018 | ||
| 1204 | 2-bed | 1,554 sqft | AED 1.87MAED 1,873,000 · Feb 2018February 2018 | 138,000 /yr | |
| 1205 | 2-bed | 1,610 sqft | AED 2.11MAED 2,110,000 · Mar 2022March 2022 | 85,000 /yr | |
| 1206 | 2-bed | 1,635 sqft | AED 1.84MAED 1,841,000 · Mar 2018March 2018 | ||
| 1207 | 1-bed | 987 sqft | AED 1.39MAED 1,392,000 · Feb 2018February 2018 | 105,000 /yr | |
| 1208 | 2-bed | 1,635 sqft | AED 1.84MAED 1,842,000 · Feb 2018February 2018 | ||
| 1209 | 2-bed | 1,609 sqft | AED 1.87MAED 1,870,000 · Feb 2021February 2021 | ||
| 1210 | 2-bed | 1,555 sqft | AED 1.7MAED 1,700,000 · Nov 2020November 2020 |
1201, Park Gate Residences 4 in numbers
- Sold once: by Wasl on 8 February 2018 for AED 2,381,000, or AED 1,514 per sqft.
- Rented since May 2021 on 3 Ejari contracts, from AED 100,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2018 price is 5.3%.
- Two-beds in Park Gate Residences 4 sold for AED 2,750,000–2,750,000 in the 12 months to November 2026; the building's median across all types is AED 1,927 per sqft.
Source: Dubai Land Department. Updated 16 May 2024.
Questions about 1201, Park Gate Residences 4
What did unit 1201 last sell for?
AED 2,381,000 on 8 February 2018, sold by the developer: AED 1,514 per sqft for 1,572 sqft. It is the only registered sale of the unit.
What is the rent for unit 1201?
AED 125,000 a year on the contract renewed on 16 May 2024. The previous contract, from May 2023, was AED 110,000; the unit has been rented since May 2021.
How big is unit 1201?
1,572 sqft (146.0 sqm): a two-bedroom apartment on the 12th floor of a 27-storey tower completed in 2020.
What is unit 1201 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 4 sold for AED 2,750,000 to 2,750,000 in the last 12 months, around AED 1,683 per sqft.
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Mortgage on 1201, Park Gate Residences 4
Starts from the last sale price (AED 2.38M, 8 February 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,381,000
- Deposit, UAE resident (20%)
- AED 476,200
- Deposit, non-resident (40%)
- AED 952,400
- Monthly over 25 years at 3.7%
- AED 9,741
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →