2-bed · 1,572 sqftPark Gate Residences 4, Al Kifaf · 15th floor · completed 2020

1503, Park Gate Residences 4

Sold prices and rental history: sold twice, last in March 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 1 March 2021
Last soldAED 2M1 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1503, Park Gate Residences 4

What is 1503 worth today?

Last sold for AED 2,000,000 in 2021

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1 Mar 2021SoldReady
AED 2,000,000AED 1,272 per sqft
19 Sep 2019Sold by developerOff-plan
AED 2,412,000AED 1,534 per sqft

Source: Dubai Land Department. Updated 1 March 2021.

Key facts

Type
2-bed apartment
Size
1,572 sqft
Floor
15th of 27
Parking
B1-073
Developer
Wasl
Completed
2020
Last sold
AED 2M · March 2021

About 1503, Park Gate Residences 4

1503 is a two-bedroom apartment of 1,572 sqft on the 15th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 1 March 2021 for AED 2,000,000, or AED 1,272 per sqft, 9% above the AED 1,166 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1503 over time

Sales
Unit 1503, each saleTypical two-bed in Park Gate Residences 4
2M2.5M2018202020222024Typical sale price by year: 2018 AED 1,897,000; 2019 AED 1,999,000; 2020 AED 1,877,000; 2021 AED 1,918,000; 2022 AED 2,370,777; 2023 AED 2,400,000; 2024 AED 2,485,000Sold by developer, September 2019: AED 2,412,000 (AED 1,534 per sqft)Sold, March 2021: AED 2,000,000 (AED 1,272 per sqft)

1503 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1503, each contractTypical two-bed in Park Gate Residences 4
100K125K150K2021202320252027Typical rent by year: 2021 AED 90,000; 2022 AED 110,000; 2023 AED 115,000; 2024 AED 133,500; 2025 AED 145,000; 2026 AED 137,000

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 1503 sits

All 106 2-beds →

1503 last sold in March 2021 at AED 1,272 per sqft, 9% above what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,166). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Feb 20262,750,000
24 Mar 20253,000,000
6 Mar 20253,025,000
20 Mar 20242,470,000
1 2-bed sale in the last 12 months

Park Gate Residences 4

Building

207 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%
Park Gate Residences 4, Al Kifaf: prices, sales and rents →

Other units on the 15th floor

All 207 units in Park Gate Residences 4
Value
15012-bedAED 2.65M · Mar 2024
15021-bedAED 1.56M · Mar 2018
15042-bedAED 1.92M · Jan 2018
15052-bedAED 2.1M · Apr 2022
15062-bedAED 2.15M · Nov 2022
15071-bedAED 1.83M · Feb 2025
15082-bedAED 1.87M · Mar 2018
1–7 of 9

1503, Park Gate Residences 4 in numbers

  • Sold twice: first on 19 September 2019 for AED 2,412,000, last on 1 March 2021 for AED 2,000,000 (AED 1,272 per sqft).
  • 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 1 March 2021.

Questions about 1503, Park Gate Residences 4

What did unit 1503 last sell for?

AED 2,000,000 on 1 March 2021: AED 1,272 per sqft for 1,572 sqft. The unit has 2 registered sales; the first was AED 2,412,000 in September 2019.

How big is unit 1503?

1,572 sqft (146.0 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2020.

What is unit 1503 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 1503, Park Gate Residences 4

Starts from the last sale price (AED 2M, 1 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →