Al Kifaf
Park Gate Residences
بارك جيت رازيدنسPark 1 L.L.C · Selling since 2018 · recent sales mostly resales
The Land Department’s record
completed per DLD · 100% complete · buildings · 764 units · 4 buildings · DLD target completion October 2020
Registered developer: Park 1 L.L.C (DLD no. 1203)
Escrow account with Emirates NBD · Zoned by Dubai Municipality
From the Land Department’s projects file published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file. An escrow account being recorded is not an assurance about the project.
Rents filed under Wasl 1
Median annual rent of AED 140,000 across 624 tenancies registered in the community over the last 12 months.
This is the community’s figure, not this project’s. The Land Department names a community on far more tenancies than it names a project, so this is shown where the project’s own registered tenancies are too few to publish. Buildings within one community differ widely, so treat it as the surrounding level rather than what this address achieves.
Street View imagery near Park Gate Residences, via Google — the nearest public-road vantage point, not necessarily the building's own frontage.
Median per sqft
AED 1,974/sqft
3yr CAGR · resales
+2.3%
Resale record
67 months
Registered resales here span 67 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Park Gate Residences — not an asking price, and not this project’s overall median, which mixes every unit size together.
Price per sqft trend
What it returns
A year’s rent against what completed homes of that size actually sold for in Park Gate Residences over the same twelve months. Prices are this project’s own registered ready sales; off-plan sales are left out because rent is paid on built homes. Rents marked this building are registered new tenancies in Park Gate Residences itself; the rest are homes of the same size in Al Kifaf, used where Ejari did not name the building.
| Size | Costs now, ready | Rents for | Gross yield | Ready sales, 12m |
|---|---|---|---|---|
| 1 bed | AED 1.93M | AED 105,000/yrsame size in Al Kifaf | 5.4% | 11 |
| 2 beds | AED 2.95M | AED 155,500/yrsame size in Al Kifaf | 5.3% | 30 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a 1 bed here reads 6.5% instead of 5.4%, because it prices the home at AED 1.61M — the median across every sale on record — rather than the AED 1.93M a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
We hold no filed budget for this one, so this starts from a placeholder rather than a measurement — it’s on the service charge invoice, or on RERA’s Service Charge Index. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| 1 bed | AED 14,887 | AED 90,113 | 5.4% | 4.7% |
| 2 beds | AED 23,599 | AED 131,901 | 5.3% | 4.5% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Common questions about Park Gate Residences
How much does a home in Park Gate Residences cost?
Over the last twelve months a completed 1-bedroom in Park Gate Residences sold for a median AED 1.93M (11 ready sales), a 2-bedroom for AED 2.95M (30 ready sales). These are medians of sales actually registered with the Dubai Land Department, not asking prices. Completed homes only — off-plan registrations are left out, because they sell at a premium and are not the same purchase.
How much is rent in Park Gate Residences?
A 1-bedroom rents for a median AED 105,000/yr (homes of about that size in Al Kifaf, 122 new tenancies), a 2-bedroom rents for a median AED 155,500/yr (homes of about that size in Al Kifaf, 136 new tenancies). These are medians of new tenancy contracts registered with Ejari over the last twelve months — what tenants agreed to pay, not advertised asking rents. Ejari names the building on only about one contract in five, and on none that match Park Gate Residences, so every figure above is the rent for homes of that size in Al Kifaf — the area's rent, not this project's own.
What rental yield does Park Gate Residences give?
Gross yields on completed homes in Park Gate Residences run about 5.4% on a 1-bedroom, 5.3% on a 2-bedroom, dividing a year of registered rent by what completed homes of that size actually sold for over the same twelve months. Both halves cover the same period, which is why these read lower than yields quoted against an all-time average price. They are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Park Gate Residences selling off-plan or as resales?
0% of the 43 sales registered in Park Gate Residences in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Park Gate Residences start selling?
The Land Department's register holds 1,029 sales in Park Gate Residences, the earliest registered in 2018. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Due diligence
Price vs. Al Kifaf median
-8.4%
Priced at or below the area's real median.
Developer track record
3,486 real transactions
2 completed · 3 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →Handover competition
Low competitionWhen Park Gate Residences completed in October 2020, 0 other other projects in Al Kifaf were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 5 more other projects in Al Kifaf are still in the pipeline overall.
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
Nearest metro
233 m
max
Nearest school
1.5 km
Ambassador school (manhol)
Nearest hospital
442 m
DHA central service complex
Nearest supermarket
781 m
Al Karama Store
Metro stations
- max233 m
- ADCB1.3 km
- World Trade Centre1.4 km
- Emirates Towers2.3 km
Schools
- Ambassador school (manhol)1.5 km
- 3 Fold Education Center1.9 km
- Arabic School2.0 km
- New academy school2.2 km
Hospitals & clinics
- DHA central service complex442 m
- تمت ازالته1.0 km
- Kottakal Ayurvedic Centre1.6 km
- Rashid Hospital2.7 km
Supermarkets
- Al Karama Store781 m
- Lulu hypermarket782 m
- Saleh Abdulah788 m
- Saleh Abdulah793 m
Bus stops
- Bus stop from Abu Dhabi to Dubai247 m
- Max Metro Bus Stop Seaside 1284 m
- Max Metro Station Landside327 m
- Department of Health453 m
Pharmacies
- A Rayan Pharmacy848 m
- Aster Pharmacy912 m
- Hafsa Pharmacy947 m
- Life967 m
Malls
- Al Diyafa Shopping Center1.7 km
- Sparkle Shine2.0 km
- Al Ghazal Commercial Complex2.3 km
- Business Time Center2.6 km
Mosques
- Prayer Room2.3 km
- المسجد الإيراني2.8 km
- Burj Daman Masjid2.8 km
Straight-line distances — actual walking or driving routes will be longer. Measured from this project's own mapped location. Places data from OpenStreetMap.
Loading map…
Buildings in this project
Priced from each tower’s own registered sales, rather than the project median above.
Other projects in Al Kifaf
Buying in Park Gate Residences?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the median here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to open an official system on the day: the agent's licence, the project's escrow, and its registered status.
Get an independent reportFrom AED 1,500. Nothing is charged until you have a quote and accept it. See a sample