Park Gate Residence 3

Completed|239 units · 1 tower

Park Gate Residence 3 is a completed development by DUBAI REAL ESTATE CORPORATION in Bur Dubai, comprising 239 registered units. 229 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,875 per sqft. At AED 1,875 per sqft, Park Gate Residence 3 prices 2% below the Bur Dubai median of AED 1,922 per sqft on registered sales.

PIX© price · ↑5.3% YoY

2.87MAED

Typical

1,875AED

PSF

Gross yield

4.6%

PIX© rent ÷ PIX© price

Sale records

229

DLD · all time

Rent contracts

371

Ejari · all time

SATELLITE

LocationBur Dubai

Drive times · typical

Downtown Dubai13 min · 9.5 km

DXB Airport10 min · 8.7 km

DIFC13 min · 4.8 km

Dubai Marina27 min · 25.8 km

Palm Jumeirah27 min · 27.2 km

Nearest · straight-line

Metro stationMax Metro Station0.2 km

MallSolid Computer LLC0.7 km

SchoolMaple Bear Nursery Wasl 1

HospitalLongevity Hub by Clinique La Prairie0.7 km

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Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 15

…

2 Bed on Floor 15, Park Gate Residence 3

Size
Record: Feb 2018 to Dec 2024
Owners: 3
Tenants: 2
Price change
Yield on cost

Sale price by owner

Party	Date	Held	Note
3Owner 3	26 Dec 2024	21 mo	Current owner Mortgage
2Owner 2	16 May 2024	7 mo	Sold with tenant in place
2Tenant 2	10 Oct 2023	12 mo	Renewal Owner 1
2Tenant 2	10 Oct 2022	12 mo	Owner 1
1Tenant 1	1 Dec 2021	12 mo	Owner 1
1Owner 1	27 Feb 2018	6.2 yrs

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

2 Bed · Floor 15 · Park Gate Residence 3

Nightly rateAED

Occupancy (237 nights)

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Park Gate Residence 31,875AED/sqft · project-wide

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY	Trend	PIX© Rent /yr	Yield
PIX© Core Project-Wide 39 - 4,494 sqft	239	2.87M	1,875	↑5.3%		132K	4.6%
Residential
1 Bed · Apartment 917 - 994 sqft	34
2 Bed · Apartment 1,477 - 2,057 sqft	125
3 Bed · Apartment 2,533 - 3,971 sqft	2	-	-	-		-	-
4 Bed · Apartment 3,157 - 4,098 sqft	4	-	-	-		-	-
5 Bed · Apartment 4,494 sqft	1	-	-	-		-	-
Commercial
Shop 842 - 2,036 sqft	4	-	-	-	-	-	-
Warehouse 39 - 168 sqft	69	-	-	-	-	-	-

Sales - Project-Wide229 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
22 Jul 2026	2 Bed	Park Gate Residence 3 · Floor 14	1,631	3,032,777	1,859	-	Standard	Payment Plan Sale
16 Jul 2026	2 Bed	Park Gate Residence 3 · Floor 7	1,550	2,975,000	1,920	+59.9%	Standard	Standard Sale
1 May 2026	2 Bed	Park Gate Residence 3 · Floor 7	1,633	2,950,000	1,807	+58.1%	Standard	Standard Sale

Rentals - Project-Wide371 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Latest contracts

Start Date	Beds	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
5 Sep 2026	1 Bed	Park Gate Residence 3 · Floor 12	994	95,000	96	-	Standard	CERTIFICATE
1 Sep 2026	2 Bed	Park Gate Residence 3 · Floor 17	1,617	132,300	82	-	Entry Level	CONTRACT
22 Aug 2026	2 Bed	Park Gate Residence 3 · Floor 15	1,631	140,000	86	-	Entry Level	CERTIFICATE

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare

This project

Park Gate Residence 3

Compared with

Park Gate Residence 4

PIX© PSF

1,922

Rank

#5 of 9

#4 of 9

Typical price

2.75M

Yield

5.0%

Units

239

294

Sales

Rents

264

361

Developer

DUBAI REAL ESTATE CORPORATION

Handover

Completed

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	1 Residences - 1 DUBAI REAL ESTATE CORPORATION · Completed	407					89	686
	Park Gate Residence 1 DUBAI REAL ESTATE CORPORATION · Completed	299					24	310
	Park Gate Residences DUBAI REAL ESTATE CORPORATION · Completed	1,067					124	1,186
	Park Gate Residence 4 DUBAI REAL ESTATE CORPORATION · Completed	294					49	361
5	Park Gate Residence 3 DUBAI REAL ESTATE CORPORATION · Completed	239	1,922	Subject	2.75M	5.0%	43	264
	1 Residences DUBAI REAL ESTATE CORPORATION · Completed	793					179	1,291
	Al Kifaf DUBAI REAL ESTATE CORPORATION · U/C	4,498					303	2,504
	1 Residences - 2 DUBAI REAL ESTATE CORPORATION · Completed	386					90	605
	Hyatt Regency Creek Heights Residences DUBAI REAL ESTATE CORPORATION · Completed	447					25	94

Community median 1,922 AED/sqft. All 8 qualifying community peers shown. 1 community project excluded for insufficient recorded sales. 6 excluded for trading only in the off-plan market. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Bur Dubai

The closest-priced registered projects in Bur Dubai.

1 Residences - 2AED 1,902/sqft
Al KifafAED 1,907/sqft
1 ResidencesAED 1,910/sqft
Park Gate Residence 4AED 1,930/sqft
Park Gate ResidencesAED 1,937/sqft
Park Gate Residence 1AED 1,965/sqft

Common questions about Park Gate Residence 3

Answered from Dubai Land Department registered transactions.

How much does a property in Park Gate Residence 3 cost?

Property in Park Gate Residence 3 sells at a current PIX© price of AED 1,875 per sqft, or about AED 2,873,497 for a typical unit, based on 229 sales registered with the Dubai Land Department.

Is Park Gate Residence 3 completed?

Yes. Park Gate Residence 3 is recorded as completed in the Dubai Land Department project register.

Who is the developer of Park Gate Residence 3?

Park Gate Residence 3 is developed by DUBAI REAL ESTATE CORPORATION, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Park Gate Residence 3?

Park Gate Residence 3 yields 4.6% gross, calculated from current PIX© rent against current PIX© sale price, across 371 registered Ejari contracts.

How many units are in Park Gate Residence 3?

Park Gate Residence 3 holds 239 registered units, per the Dubai Land Department unit register.

Have prices in Park Gate Residence 3 gone up or down?

Price per sqft has risen +5.3% over the last 12 months, to AED 1,875, across 229 registered sales.