Park Gate Residences - Wasl 1  

Park Gate Residences is a four tower development overlooking Za'abeel Park. This development by Wasl properties features one, two, and three bedroom apartments, four bedroom penthouse, and three, four, and five bedroom podium villas.

Master Community: Wasl 1
Property Types Available: Apartments
Location: Sheikh Zayed Road
Status: Proposed
Estimated Completion Date: May 2020
Developer: Wasl Properties
Title Type: Freehold
Quality Classification: Luxury
Height Classification: High-rise
Life Cycle: Under Construction
Special Classification: Very close to Metro Station, Residential Building , Residential Building with some retail
Under Construction Buildings: 4

Investment Feasibility & Decision Drivers

Snapshot summary for investing in Park Gate Residences

Investment Score

Value for Money
85%
Project Uniqueness
85%
Location & Connectivity
90%
Rental Yield Expectation
80%
Capital Growth Expectation
85%
More information on investment scores

Total Score

Synopsis

Sale Status: Partially sold out. Units available.

Payment Plan: Average payment-plan

Ideal for: End-Users & Investors

Price Range: AED 1,100 PSF - AED 1,350 PSF

Unit Types Available: Apartment

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What Our Experts Think

Park Gate Residences is a luxury apartment complex in a central location. The key selling points of this development is the location (situated between old and new Dubai) and the large unit sizes. This project should attract many end users who prefer living closer to old Dubai, but want the amenities of this new development.

Prices

1 Bed starting from AED 1.3 million

2 Bed starting from AED 1.8 million

3 Bed starting from AED 2.9 million

Want to own an apartment overlooking Za'abeel Park?

Park Gate Residences - one, two, and three bedroom apartments and podium townhouses overlooking Za'abeel Park. Contact to learn more.

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About Park Gate Residences

Overview

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. 

Sizes

BedroomSize Range
One989 sq. ft. - 998 sq. ft.
Two1,550 sq. ft. - 1,634 sq. ft.
Three2,061 sq. ft. - 2,164 sq. ft.
Four Bedroom Penthouse10,871 sq. ft.
Three Bedroom Podium Townhouse4,137 sq. ft..
Four Bedroom Podium Townhouse3,66 1 sq. ft. - 4,109 sq. ft.
Five Bedroom Penthouse4,853 sq. ft.

Prices

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

Payment Plan 

PercentageMilestone
10%Down Payment
10%January 2019
10%June 2019
10%November 2019
60%May 2020


Project Completion Status (as per DLD): 14.78% (as of October 30, 2018) 


Dubai Land Classification & Escrow Account Details:

Land Number: 224

Project Number: 1957

Real Estate Developer: Wasl Properties

Trust Account Number: 0205256122102

Account Trustee Name: EMIRATES NBD BANK

RERA Permit No:: 15128 

Amenities of Park Gate Residences

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