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2-bed · 1,634 sqftPark Gate Residences 4, Al Kifaf · 15th floor · completed 2020

1506, Park Gate Residences 4

Sold prices and rental history: sold twice, last in November 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 3 November 2022
Last soldAED 2.15M3 November 2022
Current rentAED 94K /yr16 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1506, Park Gate Residences 4

What is 1506 worth today?

Last sold for AED 2,150,000 in 2022

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3 Nov 2022SoldReady
AED 2,150,000AED 1,316 per sqft
16 May 2022RentedNew contract
AED 93,500/yr12 months · AED 57 per sqft
16 Apr 2021RentedNew contract
AED 85,000/yr13 months · AED 52 per sqft
17 Jan 2018Sold by developerOff-plan
AED 1,867,000AED 1,142 per sqft

Source: Dubai Land Department. Updated 3 November 2022.

Key facts

Type
2-bed apartment
Size
1,634 sqft
Floor
15th of 27
Parking
B1-057
Developer
Wasl
Completed
2020
Last sold
AED 2.15M · November 2022
Building
Park Gate Residences 4

About 1506, Park Gate Residences 4

1506 is a two-bedroom apartment of 1,634 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 3 November 2022 for AED 2,150,000, or AED 1,316 per sqft, 4% below the AED 1,378 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 16 May 2022, is AED 93,500 a year: a gross yield of 4.3% on the 2022 price.

Sales and rents for 1506 over time

Sales
Unit 1506, 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, January 2018: AED 1,867,000 (AED 1,142 per sqft)Sold, November 2022: AED 2,150,000 (AED 1,316 per sqft)

1506 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1506, each contractTypical two-bed in Park Gate Residences 4
100K150K2021202320252027Typical 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 137,000New contract, April 2021: AED 85,000 a yearNew contract, May 2022: AED 93,500 a year

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 1506 sits

All 106 2-beds →

1506 last sold in November 2022 at AED 1,316 per sqft, 4% below what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,378). 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. 1506's AED 93,500 is in the lower half of that range.

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
15032-bedAED 2M · Mar 2021
15042-bedAED 1.92M · Jan 2018
15052-bedAED 2.1M · Apr 2022
15071-bedAED 1.83M · Feb 2025
15082-bedAED 1.87M · Mar 2018
1–7 of 9

1506, Park Gate Residences 4 in numbers

  • Sold twice: first on 17 January 2018 for AED 1,867,000, last on 3 November 2022 for AED 2,150,000 (AED 1,316 per sqft).
  • Rented since April 2021 on 2 Ejari contracts, from AED 85,000 to AED 93,500 a year.
  • At AED 93,500 a year the gross yield on the 2022 price is 4.3%.
  • 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 3 November 2022.

Questions about 1506, Park Gate Residences 4

What did unit 1506 last sell for?

AED 2,150,000 on 3 November 2022: AED 1,316 per sqft for 1,634 sqft. The unit has 2 registered sales; the first was AED 1,867,000 in January 2018.

What is the rent for unit 1506?

AED 93,500 a year on the contract signed on 16 May 2022. The previous contract, from April 2021, was AED 85,000.

How big is unit 1506?

1,634 sqft (151.8 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2020.

What is unit 1506 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 1506, Park Gate Residences 4

Starts from the last sale price (AED 2.15M, 3 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

Plus AED 95,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →