1-bed · 994 sqftPark Gate Residences 4, Al Kifaf · 7th floor · completed 2020

702, Park Gate Residences 4

Sold prices and rental history: sold twice, last in May 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 31 May 2022
Last soldAED 1.65M31 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Park Gate Residences 4

What is 702 worth today?

Last sold for AED 1,650,000 in 2022

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31 May 2022SoldReady
AED 1,650,000AED 1,659 per sqft
8 Feb 2018Sold by developerOff-plan
AED 1,506,000AED 1,514 per sqft

Source: Dubai Land Department. Updated 31 May 2022.

Key facts

Type
1-bed apartment
Size
994 sqft
Floor
7th of 27
Parking
B2-041
Developer
Wasl
Completed
2020
Last sold
AED 1.65M · May 2022

About 702, Park Gate Residences 4

702 is a one-bedroom apartment of 994 sqft on the 7th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 31 May 2022 for AED 1,650,000, or AED 1,659 per sqft, 6% above the AED 1,568 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical one-bed in Park Gate Residences 4
1.5M2M20182020202220242026Typical sale price by year: 2018 AED 1,490,500; 2021 AED 1,526,889; 2022 AED 1,590,000; 2023 AED 1,550,000; 2024 AED 1,912,500; 2025 AED 2,050,000Sold by developer, February 2018: AED 1,506,000 (AED 1,514 per sqft)Sold, May 2022: AED 1,650,000 (AED 1,659 per sqft)

702 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 702, each contractTypical one-bed in Park Gate Residences 4
80K100K202120232025Typical rent by year: 2021 AED 69,000; 2022 AED 77,419; 2023 AED 97,500; 2024 AED 100,000; 2025 AED 110,000

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 702 sits

All 41 1-beds →

702 last sold in May 2022 at AED 1,659 per sqft, 6% above 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.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Dec 20252,200,000
17 Jun 20252,050,000
4 Feb 20251,830,000
23 Dec 20241,950,000
1 1-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 7th floor

All 207 units in Park Gate Residences 4
Value
7012-bedAED 2.46M · Jul 2022
7032-bedAED 2.75M · Jun 2023
7042-bedAED 1.83M · Mar 2018
7052-bedAED 1.88M · Feb 2018
7062-bedAED 1.87M · Jan 2022
7071-bedAED 1.65M · Feb 2024
7082-bedAED 1.79M · Mar 2018
1–7 of 9

702, Park Gate Residences 4 in numbers

  • Sold twice: first on 8 February 2018 for AED 1,506,000, last on 31 May 2022 for AED 1,650,000 (AED 1,659 per sqft).
  • 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 31 May 2022.

Questions about 702, Park Gate Residences 4

What did unit 702 last sell for?

AED 1,650,000 on 31 May 2022: AED 1,659 per sqft for 994 sqft. The unit has 2 registered sales; the first was AED 1,506,000 in February 2018.

How big is unit 702?

994 sqft (92.3 sqm): a one-bedroom apartment on the 7th floor of a 27-storey tower completed in 2020.

What is unit 702 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 702, Park Gate Residences 4

Starts from the last sale price (AED 1.65M, 31 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

Plus AED 74,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →