Park Gate Residences 1
- Completed 2020
- Master developer Park 1
A 2 bed in Park Gate Residences 1 costs a median AED 3.01M and rents long-let for AED 151,000/yr (5.0% gross).
2 bed · typical price
3.01MAED
AED 1,891/sqft
- Rent a year
- AED 151,000
- Gross yield
- 5.0%
- vs Al Kifaf
- 5% below the median
Cost to buy, all inAED 3.20M
- Price
- AED 3.01M
- DLD fee 4%
- AED 120,500
- Agent 2% + VAT
- AED 63,263
- Trustee
- AED 4,200
Fees repaid by rent15 months
Is Park Gate Residences 1 a good investment?Prices rising; the rent pays below the Dubai median and lots of new supply is coming
- Does it pay a good rent?5.0% gross, before the service charge (not on file) (Dubai median 6.8%)5.0%Watch
- Are rents going up?New 2 bed leases: AED 158,000 a year ago, AED 151,000 now (pooled across the project)-4.4%
- Are prices going up?All types: AED 1,853/sqft a year ago, 1,947 now+5.1%Strength
- How fast do fees pay back?AED 187,963 in fees to buy a 2 bed; rent covers it in 1.2 years1.2 yrs
- Can I sell easily?7 sales in 12 months (16 the year before)7
- Is a lot being built nearby?1,047 apartments are planned in Al Kifaf from 2026 to 2028, equal to 168% of the 624 homes let there today. Al Kifaf supply by year →168%Watch
- Did earlier buyers gain?Up 42% for buyers 5 years ago; up 54% for launch buyers, before fees+42.3%Context
Readings use published thresholds · 2 bed figures, the most traded type · Data to 12 Oct 2026
Park Gate Residences 1 prices and rents by unit typeA two-bed costs about AED 3.01M and rents for about AED 151,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
2 bed · price per sqft · Al Kifaf · area median AED 1,989/sqft
- vs area median
- -4.9%
- Rank by price per sqft
- 8th of 11
- Off-plan price gain, 2018–2020
- +50.9% · +6.0%/yr
Rental income
2 bed · Al Kifaf
- Gross yield
- 5.0%
- Median new rent
- AED 151,000/yr
- Yield vs area median
- -0.2 pts
- Yield vs Dubai (6.8%)
- -1.8 pts
- Renewal rent
- AED 147,000/yr
- New tenants pay vs sitting (81 renewals)
- +2.7%
Read with care
- Rental data covers the whole Park Gate Residences project, not this tower alone.
- Thin sample — 4 sales in 12 months. Treat these figures as indicative.
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Chart data, 2 bed: Feb 2018, AED 1,978,750; latest, Oct 2026, AED 3,400,000; peak, Oct 2026, AED 3,400,000.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 1,947 · before fees
- Launch, 2018–20
- 1,265
- +54%
- 66 sales
- 5 years ago
- 1,368
- +42%
- 36 sales
- 3 years ago
- 1,640
- +19%
- 22 sales
- Previous 12 months
- 1,853
- +5%
- 16 sales
- Last 12 months
- 1,947
- today
- 7 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
7 resales in the last 12 months, against 20 a year on average over 2023–2025.
7 resales in the last 12 months.
Comparables in Al Kifaf
Every Al Kifaf building with a page, ranked by price per sqft over the same 12 months, all unit types. Park Gate Residences 1 places 8th of 11; the nearest 7 are shown.
Rank 1 is the dearest per square foot. Differences are against Park Gate Residences 1 (AED 1,947/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 2 bed, Park Gate Residences 1 has registered sale prices 5% below the Al Kifaf median price per square foot of 1,989 AED, across 11 eligible buildings. It ranks 8th of 11 by price per square foot in Al Kifaf.
Market context in Al Kifaf
Registered sales activity
105 ready apartment sales in the 12 months to 2026-10-12.
-4.8% in median AED/sqft versus the preceding year, supported by 105 current and 171 prior price observations.
Explore sales activityPlanned apartment projects
461 known registered units across 1 pending projects planned within one year of the 2026-07-06 register.
0 projects had already passed their planned date; 1 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
1,047 apartments are planned in Al Kifaf from 2026 to 2028, equal to 168% of the 624 homes let there today.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
The Park Gate Residences towers
4 towers in Park Gate Residences, at the bedroom type above.
Ejari files Park Gate Residences’s leases under the project, not a tower, so every tower share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.
Al Kifaf: every development at this typeAl Kifaf: every development at this type
Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at 2 bed. A median needs 3 rows; a dash with a count means fewer.
About Park Gate Residences 1
Park Gate Residences 1 is an apartment building completed in 2020 by Park 1 in Al Kifaf. 277 sales are registered with the Dubai Land Department.
The building, as registered
- Master developer
- Park 1
Nearest, as registered
- Metro
- Al Jafiliya Metro Station
- Mall
- Dubai Mall
- Landmark
- Burj Khalifa
Park Gate Residences 1: AED 1,947 per sq ft, 5% below the median Al Kifaf building, and a 5.0% gross yield, below the area's median building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- Park Gate Residences 1AED 1,947
- Al Kifaf, readyAED 1,949
- Al Kifaf, off-planAED 2,268
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
Park Gate Residences 1Al Kifaf median building
- Al Kifaf5.0% vs 5.0%
More from Park 1
Avenue Park Towers - A
Al Kifaf · 85 sales, 12 months
2.72M
AED, resale median · 2,351/sqft
Avenue Park Towers - B
Al Kifaf · 59 sales, 12 months
2.70M
AED, resale median · 2,245/sqft
Park Views Residences A
Al Kifaf · 39 sales, 12 months
2.60M
AED, resale median · 2,152/sqft
Park Views Residences B
Al Kifaf · 37 sales, 12 months
2.41M
AED, resale median · 2,039/sqft
Nearby in Al Kifaf
Prices per sq ft around Park Gate Residences 1, on the mapPrices per sq ft around Park Gate Residences 1, on the map
Park Gate Residences 4
Al Kifaf · 16 sales, 12 months
2.79M
AED, resale median · 1,889/sqft
Park Gate Residences 2
Al Kifaf · 12 sales, 12 months
2.83M
AED, resale median · 1,840/sqft
Park Gate Residences 3
Al Kifaf · 10 sales, 12 months
2.96M
AED, resale median · 1,945/sqft
1 Residences - 1
Al Kifaf · 35 sales, 12 months
2.85M
AED, resale median · 2,152/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 2 bedRead with care
- Rental evidence · 2 bedRead with care
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- DeveloperOn record
- Costs not includedNot in the yield
Rent or buy
What owning a 2 bed here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Park Gate Residences 1’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 13,396AED
- 4.5% over 25 years
- Monthly rent
- 12,583AED
- AED 151,000 a year
- Cash needed at purchase
- 823,588AED
- 20% down plus AED 221,088 in fees
Owning costs AED 479,453 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 3.
Ask about Park Gate Residences 1
Looking to buy or rent here? Tell us what you need: unit type, budget, timing.
We reply by phone, WhatsApp or email, and put you in touch with a licensed agent.
Common questions
- What is the rental yield in Park Gate Residences 1?
- Park Gate Residences 1 returns 5.0% gross: a median new-contract rent of AED 151,000 a year (104 Ejari contracts in 12 months) over a price benchmark of AED 3.01M (median of 4 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.
- How much does a 2 bedroom in Park Gate Residences 1 cost?
- The median registered sale price is AED 3.01M (1,891 AED/sqft), from 4 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- How does Park Gate Residences 1 compare with Al Kifaf?
- Its 5.0% gross yield sits -0.2 pts against the Al Kifaf median of 5.2%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.
- What is the registered annual rent for a 2 bedroom in Park Gate Residences 1?
- The median new annual rent is AED 151,000, from 104 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in Park Gate Residences 1 risen or fallen?
- The median new annual rent changed -4.4% in the trailing 12 months against the previous 12, using 104 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
For agents
Send this page to a client as a branded report
Park Gate Residences 1 sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 4 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts
- Canonical record
- /sale/apartments/dubai/al-kifaf/park-gate-residences-1
Cite as: Dubai Wealth Index. “Park Gate Residences 1 sale prices and yield.” Al Kifaf, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/al-kifaf/park-gate-residences-1
Stable dataJSON