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2-bed · 1,608 sqftPark Gate Residences 4, Al Kifaf · 6th floor · completed 2020

609, Park Gate Residences 4

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

Unit 609 · DLD and Ejari recordsUpdated 30 September 2022
Last soldAED 1.88M21 February 2018
Current rentAED 105K /yr30 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 609, Park Gate Residences 4

What is 609 worth today?

Last sold for AED 1,878,000 in 2018

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30 Sep 2022RentedRenewal
AED 105,000/yr12 months · AED 65 per sqft
19 Sep 2021RentedNew contract
AED 95,256/yr12 months · AED 59 per sqft
21 Feb 2018Sold by developerOff-plan
AED 1,878,000AED 1,167 per sqft

Source: Dubai Land Department. Updated 30 September 2022.

Key facts

Type
2-bed apartment
Size
1,608 sqft
Floor
6th of 27
Parking
B2-054
Developer
Wasl
Completed
2020
Last sold
AED 1.88M · February 2018
Building
Park Gate Residences 4

About 609, Park Gate Residences 4

609 is a two-bedroom apartment of 1,608 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 21 February 2018 for AED 1,878,000, or AED 1,167 per sqft, in line with the AED 1,203 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 30 September 2022, is AED 105,000 a year: a gross yield of 5.6% on the 2018 price.

Sales and rents for 609 over time

Sales
Unit 609, 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, February 2018: AED 1,878,000 (AED 1,167 per sqft)

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

Rents
Unit 609, 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 137,000New contract, September 2021: AED 95,256 a yearRenewal, September 2022: AED 105,000 a year

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 609 sits

All 106 2-beds →

609 last sold in February 2018 at AED 1,167 per sqft, in line with what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,203). 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. 609's AED 105,000 is in the lower half 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
6062-bedAED 1.79M · Mar 2018
6071-bedAED 1.35M · Feb 2018
1–7 of 9

609, Park Gate Residences 4 in numbers

  • Sold once: by Wasl on 21 February 2018 for AED 1,878,000, or AED 1,167 per sqft.
  • Rented since September 2021 on 2 Ejari contracts, from AED 95,256 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2018 price is 5.6%.
  • 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 30 September 2022.

Questions about 609, Park Gate Residences 4

What did unit 609 last sell for?

AED 1,878,000 on 21 February 2018, sold by the developer: AED 1,167 per sqft for 1,608 sqft. It is the only registered sale of the unit.

What is the rent for unit 609?

AED 105,000 a year on the contract renewed on 30 September 2022. The previous contract, from September 2021, was AED 95,256.

How big is unit 609?

1,608 sqft (149.4 sqm): a two-bedroom apartment on the 6th floor of a 27-storey tower completed in 2020.

What is unit 609 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 609, Park Gate Residences 4

Starts from the last sale price (AED 1.88M, 21 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,878,000
Deposit, UAE resident (20%)
AED 375,600
Deposit, non-resident (40%)
AED 751,200
Monthly over 25 years at 3.7%
AED 7,683

Plus AED 83,886 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →