Park Gate Residences, Wasl 1: sale prices and transactions
Park Gate Residences is a project registered with the Dubai Land Department (project no. 1957) in Wasl 1. Since January 2018, 1,035 residential sales have been registered there, the latest in October 2026. Over the last 12 months, 45 sales closed at a median AED 20,663 per m² (AED 1,920 per sq ft).
- AED 20,663median price per m²
- AED 1,920median price per sq ft
- 1,035sales since 2018
- 45sales in 12 months
- +3.5%change year on year
Its price per m² is 12.8% below the Wasl 1 median (AED 23,706/m²). Sales combine off-plan purchases (40.7%) and resales of completed homes.
Park Gate Residences prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · 1 bedroom | 10 | AED 1,955,000 | 92 m² |
| Apartment · 2 bedrooms | 32 | AED 2,962,500 | 150 m² |
| Apartment · 3 bedrooms | 3 | AED 4,100,000 | 201 m² |
Park Gate Residences price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 59 | AED 15,598 | AED 1,449 | — |
| 2020 | 55 | AED 13,639 | AED 1,267 | -12.6% |
| 2021 | 104 | AED 14,499 | AED 1,347 | +6.3% |
| 2022 | 279 | AED 16,263 | AED 1,511 | +12.2% |
| 2023 | 63 | AED 17,538 | AED 1,629 | +7.8% |
| 2024 | 81 | AED 18,468 | AED 1,716 | +5.3% |
| 2025 | 55 | AED 19,976 | AED 1,856 | +8.2% |
| 2026 (to mid-October) | 32 | AED 20,208 | AED 1,877 | +1.2% |
Park Gate Residences rents
284 Ejari contracts started in the project over the last 12 months. Indicative gross yield: 1 bedroom 5.4%, 2 bedrooms 5.1%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · 1 bedroom | 66 | AED 105,000 | 94,532 – 115,000 | AED 105,000 |
| Apartment · 2 bedrooms | 188 | AED 150,000 | 140,000 – 159,125 | AED 150,000 |
| Apartment · 3 bedrooms | 23 | AED 210,000 | 190,000 – 237,000 | AED 219,705 |
| Apartment · 4 bedrooms | 5 | AED 1,600,000 | — | — |
Buildings recorded in sales
- PARK GATE RESIDENCES 4
- PARK GATE RESIDENCES 1
- PARK GATE RESIDENCES 3
- PARK GATE RESIDENCES 2
Location
- Nearest metro: Al Jafiliya Metro Station
- Shopping mall: Dubai Mall
- Landmark: Burj Khalifa
Neighbouring projects in Wasl 1
Same price per m² elsewhere in Dubai
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 28, Mohammed Bin Rashid Al Maktoum City District One — AED 20,634/m²
- Haven Bay Residences, Palm Deira — AED 20,674/m²
- Samana Imperial Garden, Arjan — AED 20,598/m²
- Golf Meadow, Dubai World Central — AED 20,677/m²
Other projects in Wasl 1
- 1 Residences — AED 21,713/m²
- Park Views Residences B — AED 21,990/m²
- Park Views Residences A — AED 23,165/m²
- Avenue Park Towers — AED 24,995/m²
Wasl 1 property prices · Wasl 1 rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at Park Gate Residences?
Over the last 12 months the median is AED 1,920 per sq ft (AED 20,663 per m²) across 45 DLD sales.
How much is a 1 bedroom at Park Gate Residences?
Median sale price AED 1,955,000 for a median 92 m², across 10 sales over the last 12 months.
How many sales have been registered at Park Gate Residences?
1,035 residential sales registered with the DLD between January 2018 and October 2026, 40.7% of them off-plan.
Where is Park Gate Residences?
In Wasl 1 (DLD area Al Kifaf), Dubai; nearest metro station per the DLD: Al Jafiliya Metro Station.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.