Park Gate Residences in Al Kifaf - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for off-plan (pre registration and delayed sell) properties in Park Gate Residences

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	92	19,487	1,800,000
2	150	19,640	2,950,000

Sales prices for completed properties in Park Gate Residences

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	145	18,081	2,625,388

Rents in Park Gate Residences

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	90	1,182	106,000
2	146	1,044	152,000
3	200	1,075	215,000

The cap rate (rental yield) of investments into Park Gate Residences project is 5.5% on average.

The price of an apartment in Park Gate Residences is 18,832 AED/sqm on average.

The long term rent of an apartment in Park Gate Residences is 1,079 AED/sqm/year on average.

Price for off-plan 1 bedroom apartment in Park Gate Residences is 1,800,000 AED or 19,487 AED/sqm.
Price for off-plan 2 bedroom apartment in Park Gate Residences is 2,950,000 AED or 19,640 AED/sqm.

Price for completed 2 bedroom apartment in Park Gate Residences is 2,625,388 AED or 18,081 AED/sqm.

Rent for 1 bedroom apartment in Park Gate Residences is 106,000 AED or 1,182 AED/sqm.
Rent for 2 bedroom apartment in Park Gate Residences is 152,000 AED or 1,044 AED/sqm.
Rent for 3 bedroom apartment in Park Gate Residences is 215,000 AED or 1,075 AED/sqm.

Q&A on Park Gate Residences

What are the advantages of 'Park Gate Residences' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Park Gate Residences is located in the heart of Dubai, close to the city’s major attractions, such as Burj Khalifa, Dubai Mall, and Dubai Marina.

2. Luxurious Amenities: The project offers a range of luxurious amenities, such as a swimming pool, gym, and a spa.

3. High-Quality Finishes: The project features high-quality finishes and materials, such as marble flooring, granite countertops, and stainless steel appliances.

4. Affordable Prices: Despite its prime location and luxurious amenities, Park Gate Residences is still relatively affordable compared to other projects in the area.

5. Flexible Payment Plans: The project offers flexible payment plans, allowing buyers to pay in installments over a period of time.

What projects are cheaper than 'Park Gate Residences' project in Dubai but provide a similar quality of living?

1. The Residences at Marina Gate: Located in the heart of Dubai Marina, this project offers luxurious apartments with stunning views of the marina and the sea.

2. The Palm Tower: Located in the Palm Jumeirah, this project offers luxurious apartments with stunning views of the Palm and the Dubai skyline.

3. Jumeirah Beach Residence: Located in the heart of Jumeirah Beach, this project offers luxurious apartments with stunning views of the beach and the Dubai skyline.

4. The Address Dubai Marina: Located in the heart of Dubai Marina, this project offers luxurious apartments with stunning views of the marina and the sea.

5. The Address Dubai Mall: Located in the heart of Dubai Mall, this project offers luxurious apartments with stunning views of the mall and the Dubai skyline.

What projects are better than 'Park Gate Residences' project in Dubai which are located close by, and why?

1. The Residences at Marina Gate: Located in Dubai Marina, this luxury residential development offers stunning views of the marina and the Arabian Gulf.

2. The Residences at Bluewaters: This residential development is located on the man-made Bluewaters Island, offering stunning views of the Dubai skyline.

3. The Residences at Palm Jumeirah: Located on the iconic Palm Jumeirah, this residential development offers breathtaking views of the Arabian Gulf.

4. The Residences at Dubai Creek Harbour: Located in the heart of Dubai Creek Harbour, this residential development offers stunning views of the Dubai skyline.

5. The Residences at Jumeirah Beach Residence: Located on the iconic Jumeirah Beach Residence, this residential development offers stunning views of the Arabian Gulf.