2-bed · 1,634 sqftPark Gate Residences 4, Al Kifaf · 9th floor · completed 2020

908, Park Gate Residences 4

Sold prices and rental history: sold twice, last in August 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 908 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 1.82M24 August 2021
Current rentAED 140K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 908, Park Gate Residences 4

What is 908 worth today?

Last sold for AED 1,815,000 in 2021

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1 Dec 2024RentedRenewal
AED 140,000/yr12 months · AED 86 per sqft
1 Dec 2023RentedNew contract
AED 130,000/yr12 months · AED 79 per sqft
1 Dec 2022RentedNew contract
AED 117,000/yr12 months · AED 72 per sqft
1 Dec 2021RentedNew contract
AED 105,000/yr12 months · AED 64 per sqft
24 Aug 2021SoldReady
AED 1,815,000AED 1,110 per sqft
22 Jan 2018Sold by developerOff-plan
AED 1,815,000AED 1,110 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
2-bed apartment
Size
1,634 sqft
Floor
9th of 27
Parking
B2-073
Developer
Wasl
Completed
2020
Last sold
AED 1.82M · August 2021

About 908, Park Gate Residences 4

908 is a two-bedroom apartment of 1,634 sqft on the 9th floor of Park Gate Residences 4, a 27-storey tower in Al Kifaf completed in 2020 by Wasl. It last sold on 24 August 2021 for AED 1,815,000, or AED 1,110 per sqft, 6% below the AED 1,184 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 140,000 a year: a gross yield of 7.7% on the 2021 price.

Sales and rents for 908 over time

Sales
Unit 908, 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, January 2018: AED 1,815,000 (AED 1,110 per sqft)Sold, August 2021: AED 1,815,000 (AED 1,110 per sqft)

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

Rents
Unit 908, 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, December 2021: AED 105,000 a yearNew contract, December 2022: AED 117,000 a yearNew contract, December 2023: AED 130,000 a yearRenewal, December 2024: AED 140,000 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 908 sits

All 106 2-beds →

908 last sold in August 2021 at AED 1,110 per sqft, 6% below what two-beds in Park Gate Residences 4 were fetching at the time (AED 1,184). 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. 908's AED 140,000 is in the upper 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 9th floor

All 207 units in Park Gate Residences 4
Value
9012-bedAED 2M · Nov 2020
9021-bedAED 1.52M · Jan 2019
9032-bedAED 2.5M · Apr 2022
9042-bedAED 1.85M · Apr 2018
9052-bedAED 2.4M · Jul 2023
9062-bedAED 1.78M · Nov 2021
9071-bedAED 1.37M · Feb 2018
1–7 of 9

908, Park Gate Residences 4 in numbers

  • Sold twice: first on 22 January 2018 for AED 1,815,000, last on 24 August 2021 for AED 1,815,000 (AED 1,110 per sqft).
  • Rented since December 2021 on 4 Ejari contracts, from AED 105,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2021 price is 7.7%.
  • 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 1 December 2024.

Questions about 908, Park Gate Residences 4

What did unit 908 last sell for?

AED 1,815,000 on 24 August 2021: AED 1,110 per sqft for 1,634 sqft. The unit has 2 registered sales; the first was AED 1,815,000 in January 2018.

What is the rent for unit 908?

AED 140,000 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 130,000; the unit has been rented since December 2021.

How big is unit 908?

1,634 sqft (151.8 sqm): a two-bedroom apartment on the 9th floor of a 27-storey tower completed in 2020.

What is unit 908 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 908, Park Gate Residences 4

Starts from the last sale price (AED 1.82M, 24 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,815,000
Deposit, UAE resident (20%)
AED 363,000
Deposit, non-resident (40%)
AED 726,000
Monthly over 25 years at 3.7%
AED 7,426

Plus AED 81,240 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →