2-bed · 1,611 sqftPark Gate Residences 4, Al Kifaf · 17th floor · completed 2020

1705, Park Gate Residences 4

Sold prices and rental history: sold once, by the developer in December 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1705 · DLD and Ejari recordsUpdated 23 December 2019
Last soldAED 2M23 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1705, Park Gate Residences 4

What is 1705 worth today?

Last sold for AED 1,999,000 in 2019

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23 Dec 2019Sold by developerOff-plan
AED 1,999,000AED 1,241 per sqft

Source: Dubai Land Department. Updated 23 December 2019.

Key facts

Type
2-bed apartment
Size
1,611 sqft
Floor
17th of 27
Parking
CD2-096
Developer
Wasl
Completed
2020
Last sold
AED 2M · December 2019

About 1705, Park Gate Residences 4

1705 is a two-bedroom apartment of 1,611 sqft on the 17th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 23 December 2019 for AED 1,999,000, or AED 1,241 per sqft, in line with the AED 1,263 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1705 over time

Sales
Unit 1705, 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, December 2019: AED 1,999,000 (AED 1,241 per sqft)

1705 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1705, 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 1705 sits

All 106 2-beds →

1705 last sold in December 2019 at AED 1,241 per sqft, in line with what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,263). 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 17th floor

All 207 units in Park Gate Residences 4
Value
17012-bedAED 2.43M · Apr 2018
17021-bedAED 1.57M · Apr 2018
17032-bedAED 2.48M · Aug 2022
17042-bedAED 1.94M · Feb 2018
17062-bedAED 1.89M · Apr 2018
17071-bedAED 1.43M · Feb 2018
17082-bedAED 1.89M · Feb 2018
1–7 of 9

1705, Park Gate Residences 4 in numbers

  • Sold once: by Wasl on 23 December 2019 for AED 1,999,000, or AED 1,241 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 23 December 2019.

Questions about 1705, Park Gate Residences 4

What did unit 1705 last sell for?

AED 1,999,000 on 23 December 2019, sold by the developer: AED 1,241 per sqft for 1,611 sqft. It is the only registered sale of the unit.

How big is unit 1705?

1,611 sqft (149.7 sqm): a two-bedroom apartment on the 17th floor of a 27-storey tower completed in 2020.

What is unit 1705 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 1705, Park Gate Residences 4

Starts from the last sale price (AED 2M, 23 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,999,000
Deposit, UAE resident (20%)
AED 399,800
Deposit, non-resident (40%)
AED 799,600
Monthly over 25 years at 3.7%
AED 8,179

Plus AED 88,968 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →