1608, Park Gate Residences 4
Sold prices and rental history: sold twice, last in March 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1608, Park Gate Residences 4
What is 1608 worth today?
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Source: Dubai Land Department. Updated 20 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,634 sqft
- Floor
- 16th of 27
- Parking
- CD2-089
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.47M · March 2024
- Building
- Park Gate Residences 4
About 1608, Park Gate Residences 4
1608 is a two-bedroom apartment of 1,634 sqft on the 16th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 20 March 2024 for AED 2,470,000, or AED 1,511 per sqft, in line with the AED 1,482 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 1 November 2022, is AED 115,000 a year: a gross yield of 4.7% on the 2024 price.
Sales and rents for 1608 over time
1608 has sold twice; 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 1608 sits
All 106 2-beds →1608 last sold in March 2024 at AED 1,511 per sqft, in line with what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,482). 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. 1608's AED 115,000 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 | ||
| 18 Mar 202418 March 2024 | 1,572 sqft | 2,650,000 | 1,685 |
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 16th floor
All 207 units in Park Gate Residences 4| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,572 sqft | AED 2.6MAED 2,600,000 · Mar 2022March 2022 | 160,000 /yr | |
| 1602 | 1-bed | 994 sqft | AED 1.88MAED 1,875,000 · Apr 2024April 2024 | 110,000 /yr | |
| 1603 | 2-bed | 1,479 sqft | AED 2.58MAED 2,579,777 · Apr 2022April 2022 | 168,000 /yr | |
| 1604 | 2-bed | 1,554 sqft | AED 1.93MAED 1,926,000 · Feb 2018February 2018 | 141,750 /yr | |
| 1605 | 2-bed | 1,611 sqft | AED 2MAED 2,000,000 · Sep 2021September 2021 | 92,000 /yr | |
| 1606 | 2-bed | 1,556 sqft | AED 2.5MAED 2,500,000 · Feb 2024February 2024 | 115,000 /yr | |
| 1607 | 987 sqft | AED 1.83MAED 1,830,000 · Oct 2025October 2025 | 82,500 /yr | ||
| 1609 | 2-bed | 1,610 sqft | AED 3.03MAED 3,025,000 · Mar 2025March 2025 | 122,000 /yr | |
| 1610 | 2-bed | 1,555 sqft | AED 1.91MAED 1,909,000 · Feb 2018February 2018 | 150,000 /yr |
1608, Park Gate Residences 4 in numbers
- Sold twice: first on 27 September 2020 for AED 1,877,000, last on 20 March 2024 for AED 2,470,000 (AED 1,511 per sqft).
- Rented since October 2021 on 2 Ejari contracts, from AED 100,000 to AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2024 price is 4.7%.
- 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 20 March 2024.
Questions about 1608, Park Gate Residences 4
What did unit 1608 last sell for?
AED 2,470,000 on 20 March 2024: AED 1,511 per sqft for 1,634 sqft. The unit has 2 registered sales; the first was AED 1,877,000 in September 2020.
What is the rent for unit 1608?
AED 115,000 a year on the contract signed on 1 November 2022. The previous contract, from October 2021, was AED 100,000.
How big is unit 1608?
1,634 sqft (151.8 sqm): a two-bedroom apartment on the 16th floor of a 27-storey tower completed in 2020.
What is unit 1608 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 1608, Park Gate Residences 4
Starts from the last sale price (AED 2.47M, 20 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,470,000
- Deposit, UAE resident (20%)
- AED 494,000
- Deposit, non-resident (40%)
- AED 988,000
- Monthly over 25 years at 3.7%
- AED 10,106
Plus AED 108,750 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →