506, Park Gate Residences 4
Sold prices and rental history: sold once, by the developer in November 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Park Gate Residences 4
What is 506 worth today?
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Source: Dubai Land Department. Updated 10 November 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 2,138 sqft
- Floor
- 5th of 27
- Parking
- B2-090
- Developer
- Wasl
- Completed
- 2020
- Last sold
- AED 2.37M · November 2022
- Building
- Park Gate Residences 4
About 506, Park Gate Residences 4
506 is a two-bedroom apartment of 2,138 sqft on the 5th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 10 November 2022 for AED 2,370,777, or AED 1,108 per sqft, 17% below the AED 1,335 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 has sold once; 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 506 sits
All 106 2-beds →506 last sold in November 2022 at AED 1,108 per sqft, 17% below what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,335). 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 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 | ||
| 20 Mar 202420 March 2024 | 1,634 sqft | 2,470,000 | 1,511 |
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 5th floor
All 207 units in Park Gate Residences 4| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,535 sqft | AED 3.56MAED 3,564,777 · May 2021May 2021 | ||
| 502 | 1-bed | 993 sqft | AED 1.5MAED 1,500,000 · Jun 2023June 2023 | 111,000 /yr | |
| 503 | 2-bed | 2,042 sqft | AED 2.55MAED 2,550,000 · Jul 2023July 2023 | 163,000 /yr | |
| 504 | 2-bed | 1,742 sqft | AED 1.85MAED 1,852,000 · Feb 2018February 2018 | 110,000 /yr | |
| 505 | 2-bed | 1,713 sqft | AED 1.9MAED 1,897,000 · Feb 2018February 2018 | ||
| 507 | 1-bed | 992 sqft | AED 1.33MAED 1,334,000 · Mar 2018March 2018 | 100,000 /yr | |
| 508 | 3-bed | 2,590 sqft | AED 3.19MAED 3,191,777 · Aug 2021August 2021 | 228,000 /yr |
506, Park Gate Residences 4 in numbers
- Sold once: by Wasl on 10 November 2022 for AED 2,370,777, or AED 1,108 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 10 November 2022.
Questions about 506, Park Gate Residences 4
What did unit 506 last sell for?
AED 2,370,777 on 10 November 2022, sold by the developer: AED 1,108 per sqft for 2,138 sqft. It is the only registered sale of the unit.
How big is unit 506?
2,138 sqft (198.6 sqm): a two-bedroom apartment on the 5th floor of a 27-storey tower completed in 2020.
What is unit 506 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 506, Park Gate Residences 4
Starts from the last sale price (AED 2.37M, 10 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,370,777
- Deposit, UAE resident (20%)
- AED 474,155
- Deposit, non-resident (40%)
- AED 948,311
- Monthly over 25 years at 3.7%
- AED 9,700
Plus AED 104,583 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →