2406, Park Gate Residences 4
Sold prices and rental history: sold once, by the developer in May 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2406, Park Gate Residences 4
What is 2406 worth today?
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Source: Dubai Land Department. Updated 12 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 987 sqft
- Floor
- 24th of 27
- Parking
- B2-062
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 1.55M · May 2022
- Building
- Park Gate Residences 4
About 2406, Park Gate Residences 4
2406 is a one-bedroom apartment of 987 sqft on the 24th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 15 May 2022 for AED 1,550,777, or AED 1,570 per sqft, in line with the AED 1,568 one-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 12 December 2024, is AED 99,750 a year: a gross yield of 6.4% on the 2022 price.
Sales and rents for 2406 over time
2406 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Park Gate Residences 4, and where 2406 sits
All 41 1-beds →2406 last sold in May 2022 at AED 1,570 per sqft, in line with what one-beds in Park Gate Residences 4 were fetching at the time (AED 1,568). Over the last 12 months one-beds sold for AED 2,200,000, around AED 2,211 per sqft, and rent for AED 93,500 to 115,000 a year. 2406's AED 99,750 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Dec 202524 December 2025 | 995 sqft | 2,200,000 | 2,211 | ||
| 17 Jun 202517 June 2025 | 995 sqft | 2,050,000 | 2,060 | ||
| 4 Feb 20254 February 2025 | 987 sqft | 1,830,000 | 1,853 | ||
| 23 Dec 202423 December 2024 | 994 sqft | 1,950,000 | 1,961 |
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 24th floor
All 207 units in Park Gate Residences 4| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 3-bed | 1,967 sqft | AED 4.1MAED 4,100,000 · Jun 2024June 2024 | 250,000 /yr | |
| 2402 | 995 sqft | AED 2.13MAED 2,125,000 · Aug 2025August 2025 | 115,000 /yr | ||
| 2403 | 3-bed | 2,060 sqft | AED 3.45MAED 3,448,000 · Feb 2018February 2018 | ||
| 2404 | 3-bed | 2,162 sqft | AED 3MAED 2,995,000 · May 2021May 2021 | ||
| 2405 | 3-bed | 2,155 sqft | AED 3.16MAED 3,164,777 · Jun 2021June 2021 | ||
| 2407 | 3-bed | 2,155 sqft | AED 3.23MAED 3,226,777 · Apr 2022April 2022 | ||
| 2408 | 3-bed | 2,163 sqft | AED 2.95MAED 2,954,000 · Jan 2018January 2018 |
2406, Park Gate Residences 4 in numbers
- Sold once: by Wasl on 15 May 2022 for AED 1,550,777, or AED 1,570 per sqft.
- Rented since December 2023 on 2 Ejari contracts, from AED 95,000 to AED 99,750 a year.
- At AED 99,750 a year the gross yield on the 2022 price is 6.4%.
- One-beds in Park Gate Residences 4 sold for AED 2,200,000–2,200,000 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 12 December 2024.
Questions about 2406, Park Gate Residences 4
What did unit 2406 last sell for?
AED 1,550,777 on 15 May 2022, sold by the developer: AED 1,570 per sqft for 987 sqft. It is the only registered sale of the unit.
What is the rent for unit 2406?
AED 99,750 a year on the contract renewed on 12 December 2024. The previous contract, from December 2023, was AED 95,000.
How big is unit 2406?
987 sqft (91.7 sqm): a one-bedroom apartment on the 24th floor of a 27-storey tower completed in 2020.
What is unit 2406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Gate Residences 4 sold for AED 2,200,000 to 2,200,000 in the last 12 months, around AED 2,211 per sqft.
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Mortgage on 2406, Park Gate Residences 4
Starts from the last sale price (AED 1.55M, 15 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,550,777
- Deposit, UAE resident (20%)
- AED 310,155
- Deposit, non-resident (40%)
- AED 620,311
- Monthly over 25 years at 3.7%
- AED 6,345
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →