Park Gate Residences are four high-rise towers overlooking Za'abeel Park. This development is located in Wasl Properties' master development called Wasl 1.
Park Gate Residences is part of Zone 1 in Wasl 1. The four buildings comprise of one, two, and three bedroom apartments, four bedroom penthouse, and three, four, and five bedroom podium villas. The development is currently under construction and completion is expected by May 2020.
This development has a prime location as it is in close proximity to both old Dubai and new Dubai (DIFC, Downtown Dubai). An advantage is the comparitively larger apartment sizes, which will attract end-users. Recently many developments have decreased apartment sizes to decrease the ticket price.
Wasl Properties started selling apartments in Park Gate in November 2017.
|One||989 sq. ft. - 998 sq. ft.|
|Two||1,550 sq. ft. - 1,634 sq. ft.|
|Three||2,061 sq. ft. - 2,164 sq. ft.|
|Four Bedroom Penthouse||10,871 sq. ft.|
|Three Bedroom Podium Townhouse||4,137 sq. ft..|
|Four Bedroom Podium Townhouse||3,66 1 sq. ft. - 4,109 sq. ft.
|Five Bedroom Penthouse||4,853 sq. ft.|
1 Bedroom apartments starting from AED 1.3 million
2 Bedroom apartments starting from AED 1.8 million
3 Bedroom apartments starting from AED 2.9 million
Project Completion Status (as per DLD): 14.78% (as of October 30, 2018)
Dubai Land Classification & Escrow Account Details:
Project Number: 1957
Real Estate Developer: Wasl Properties
Trust Account Number: 0205256122102
Account Trustee Name: EMIRATES NBD BANK
RERA Permit No:: 15128