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2-bed · 1,634 sqftPark Gate Residences 4, Al Kifaf · 6th floor · completed 2020

606, Park Gate Residences 4

Sold prices and rental history: sold once, by the developer in March 2018, and rented once, from October 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 606 · DLD and Ejari recordsUpdated 25 October 2021
Last soldAED 1.79M8 March 2018
Current rentAED 40K /yr25 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 606, Park Gate Residences 4

What is 606 worth today?

Last sold for AED 1,788,000 in 2018

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25 Oct 2021RentedNew contract · flagged as an outlier
AED 40,000/yr12 months · AED 24 per sqft
8 Mar 2018Sold by developerOff-plan
AED 1,788,000AED 1,094 per sqft

Source: Dubai Land Department. Updated 25 October 2021.

Key facts

Type
2-bed apartment
Size
1,634 sqft
Floor
6th of 27
Parking
B2-256
Developer
Wasl
Completed
2020
Last sold
AED 1.79M · March 2018
Building
Park Gate Residences 4

About 606, Park Gate Residences 4

606 is a two-bedroom apartment of 1,634 sqft on the 6th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. The developer sold it on 8 March 2018 for AED 1,788,000, or AED 1,094 per sqft, 9% below the AED 1,201 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 October 2021. The current contract, signed on 25 October 2021, is AED 40,000 a year: a gross yield of 2.2% on the 2018 price.

Sales and rents for 606 over time

Sales
Unit 606, 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, March 2018: AED 1,788,000 (AED 1,094 per sqft)

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

Rents
Unit 606, 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 606 sits

All 106 2-beds →

606 last sold in March 2018 at AED 1,094 per sqft, 9% below what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,201). 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. 606's AED 40,000 is at the bottom 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 6th floor

All 207 units in Park Gate Residences 4
Value
6012-bedAED 2.32M · Mar 2018
6021-bedAED 1.56M · Oct 2021
6032-bedAED 3M · Mar 2025
6042-bedAED 1.82M · Mar 2018
6052-bedAED 2.05M · Feb 2024
6071-bedAED 1.35M · Feb 2018
6082-bedAED 1.95M · Aug 2022
1–7 of 9

606, Park Gate Residences 4 in numbers

  • Sold once: by Wasl on 8 March 2018 for AED 1,788,000, or AED 1,094 per sqft.
  • Rented since October 2021 on one Ejari contract, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2018 price is 2.2%.
  • 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 25 October 2021.

Questions about 606, Park Gate Residences 4

What did unit 606 last sell for?

AED 1,788,000 on 8 March 2018, sold by the developer: AED 1,094 per sqft for 1,634 sqft. It is the only registered sale of the unit.

What is the rent for unit 606?

AED 40,000 a year on the contract signed on 25 October 2021.

How big is unit 606?

1,634 sqft (151.8 sqm): a two-bedroom apartment on the 6th floor of a 27-storey tower completed in 2020.

What is unit 606 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 606, Park Gate Residences 4

Starts from the last sale price (AED 1.79M, 8 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,788,000
Deposit, UAE resident (20%)
AED 357,600
Deposit, non-resident (40%)
AED 715,200
Monthly over 25 years at 3.7%
AED 7,315

Plus AED 80,106 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →