Park Gate Residence
✓ Resale Available

Park Gate Residence

From AED 3.09M·Completed Oct 2020·10% down payment Payment
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AED 3.09M
Starting Price
Oct 2020
Handover
10% down payment
Payment Plan
2 BR · 3 BR
Type

Project Overview

Park Gate Residences is a luxury residential development in Wasl 1. The project is located in Al Kifaf neighborhood on the border with one of the largest parks in Dubai Zabeel Park, where the famous Dubai Frame landmark is located. The complex includes four residential skyscrapers, each including connected one ground- and four podium levels. While Tower A and D consist of twenty-eight and Tower B and C of twenty residential floors. The project offers 1-3 bedroom apartments, as well as 4-bedroom penthouses and 3-5 bedroom townhouses located in the podiums. All residences feature spacious terraces. All apartments of Park Gate Residences combine a modern style of interiors and a high level of comfort. Wood, steel and marble are used in the finishes and full-wall panoramic windows offer views of Zabeel Park. The complex has a wide range of facilities and amenities: landscaped areas with seating areas, swimming pool with play area for children, gym with fitness area, children's playgrounds and sports fields. Al Kifaf has everything you need for a comfortable life. Near the complex there are restaurants, children's attractions, a large educational and entertainment center and a huge park. Burj Khalifa and Dubai Mall are 10 minutes away, while Burj Al Arab and Ain Dubai can be reached in 20 minutes.

Project Specifications
DeveloperWasl
LocationAl Kifaf
Unit Types2 BR, 3 BR, Apartments
AreaAl Kifaf
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 133,496 / year
Cash-on-Cash
1.8%
Levered cashflow AED 31,402
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 201,096 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Park Gate Residence launch basis3,438AED 3.09MCurrent launch / asking basis
Al Kifaf ready-stock comps1,500AED 1.35MIndicative resale benchmark
Al Kifaf premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Park Gate Residence official render 1

Park Gate Residence official render 1

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Park Gate Residence official render 9

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Park Gate Residence official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Wasl.

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Payment Structure

10% down payment

Flexible Payment

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Amenities & Lifestyle

Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Landscaped garden
Landscaped park
Leisure areas
Lift
Lobby
Parking
Retail outlets
SPA
Shared Pool
Shared gym
Shared gym & fitness
Sports ground
Walking paths

Location

Al Kifaf

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Al KifafAl KifafDubai, UAE

Developer Track Record

01

Park Gate Residence by Wasl

02

Located in Al Kifaf

03

Starting from AED 3,093,777

04

Unit mix includes 2 BR, 3 BR, Apartments

05

Expected handover: Oct 2020

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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