wasl1 Park Gate Residence Tower A Al Kifaf Dubai

Park Gate Residence Tower A is one of four towers — A, B, C and D — that make up wasl's Park Gate Residences at Al Kifaf, linked by a shared podium directly opposite Zabeel Park and the Dubai Frame. The development was completed in November 2020 and holds about 746 apartments, one source says 764.

Asking prices across the complex start near AED 1,700,000 (about Rs 4.38 crore) from about 990 sq ft and run to AED 4,500,000, with a six-month average ask of about AED 2,785,619. One-bedroom rents start near AED 70,000 a year. One caveat runs through this whole page: no source publishes prices, rents or unit mixes tower by tower — the market treats Park Gate as one address. See the rest of the Dubai section or our wider projects list.

At a glance

Price and unit pricing

The source listing carries this tower without a price, and no portal breaks Park Gate's numbers down by building. Everything below is complex-level.

The gap between AED 1.7 M and AED 4.5 M is the whole point: this development holds one-bedroom apartments, four-bedroom penthouses and five-bedroom podium townhouses in the same address, so a headline entry price tells you almost nothing about a specific home. The average ask of about AED 2,785,619 is the more useful anchor, and even that mixes layouts.

What to do instead is simple. Get the DLD transaction record for Park Gate Residences — it is public — and match a price to a title-deed area and a building. That last part matters more here than in most developments, because portals routinely list all four towers under one name.

Payment and total cost

A completed development, so there is no construction-linked plan: full payment at transfer, or a UAE mortgage at 50 to 60% of value for a non-resident. Worked at the entry ask and at the average:

Add 0.25% of the loan as mortgage registration if you finance. No service-charge figure is published for Park Gate, and a four-tower development sharing a podium with a health club, planted decks and water features is not cheap to run — Dubai buildings span about AED 10 to 30 per sq ft a year. Ask for two years of RERA-approved statements, and specifically for how the shared podium is apportioned between the four buildings. That apportionment is the one line item where the towers might genuinely differ from each other.

Location and connectivity

Al Kifaf sits between Bur Dubai and Sheikh Zayed Road, in the wasl1 masterplan, with Zabeel Park directly across the road — the park that holds the Dubai Frame. Every apartment in the development is oriented towards it.

Al Jafiliya and Max are the nearest metro stations, putting both the Red and Green Lines within reach. Bur Dubai, Karama and the old creek districts are immediately east; Sheikh Zayed Road, DIFC and Downtown Dubai are minutes north; the World Trade Centre is a short run up the road; Dubai International Airport is twelve to fifteen minutes; and Jumeirah and the beaches are about ten minutes west.

That is a genuinely central position, and it is what the price reflects. For the complex-level page, see Park Gate Residences; the sister building is Tower B.

Amenities and specifications

One- to three-bedroom apartments from about 990 sq ft, four-bedroom penthouses and three- to five-bedroom podium townhouses, in one of four towers connected by common podiums. Shared across the development: a health club, children's play areas, food and beverage units, planted podium decks, lawns, water features and generous parking.

Every apartment looks onto Zabeel Park, which is unusual — most developments have a good side and a bad side, and this one is planned around a single outlook. What is not published anywhere we looked is any tower-by-tower difference: floor counts, unit mixes and finishes specific to Tower A. Treat the complex-level description as the baseline and confirm the particulars of the individual apartment from its title deed and its floor plan.

At six years old, check the ordinary things: the air-conditioning plant, the lifts, and the condition of the shared podium, which carries most of the development's amenity and most of its maintenance cost.

About the developer

wasl Asset Management Group is the property arm of the Dubai government, and it built Park Gate Residences through its Park 1 subsidiary as part of the wasl1 masterplan beside Zabeel Park.

That ownership is the main thing to understand about this address. A government-owned developer does not run out of money mid-build, does not need to discount to clear stock, and holds a very large portfolio of rental property across the older parts of the city — so wasl buildings tend to be managed as long-term assets rather than sold off and forgotten. Park Gate was delivered in November 2020, on a build that began in August 2017.

For a resale buyer the practical read is that the covenant behind the common areas is stronger here than in most Dubai developments. The trade-off is on price: wasl has no reason to price to move stock quickly, so do not expect the kind of discount you might extract from a private developer sitting on unsold inventory.

For Indian buyers

Al Kifaf is freehold, so an Indian citizen can own here outright with a DLD title deed, in their own name. Dubai charges no annual property tax; the recurring cost is the service charge.

At about AED 1,700,000 — roughly USD 463,000 — the entry ask needs two people's USD 250,000 Liberalised Remittance Scheme allowances, or one allowance across two financial years. At the six-month average ask of AED 2,785,619, about USD 758,000, plan on three allowances or a longer schedule. Because this is a resale that settles in weeks rather than a plan that spreads over years, the remittance has to be arranged before you agree a price, not after.

On residency: the entry ask sits below the AED 2 M Golden Visa property threshold, but most of the stock here — larger two-bedrooms upwards, and certainly the penthouses and townhouses — clears it comfortably. Get the DLD-registered value of the specific unit in writing. On tax at home, rent from Dubai is taxable in India for a resident at slab rates as income from house property with the standard 30% deduction, and the property must be reported in Schedule FA of your return. At a gross yield in the 4 to 5.5% range, the Indian tax matters proportionally more here than on a high-yield outer-district unit, so run the numbers after it.

Pros

• Ready since November 2020 and title-deeded, with five years of rent and resale history to check
• Built by wasl, the Dubai government's property arm — about as strong a developer covenant as the city offers
• Directly opposite Zabeel Park and the Dubai Frame, with every apartment oriented to the park
• Two metro stations within reach; Downtown, DIFC and the airport all within about fifteen minutes
• A wide range of stock in one address — apartments, penthouses and podium townhouses
• Apartments from about 990 sq ft are generous for a central Dubai address
• Rents from AED 70,000 for a one-bed give a solid income base

Cons

• No source publishes prices, rents, floor counts or unit mixes tower by tower
• Sources disagree on the unit count, 746 against 764
• Asking prices range from AED 1.7 M to AED 4.5 M, so the entry figure tells you little about a specific apartment
• No service-charge figure is published, and a four-tower shared podium is expensive to run
• The source listing files the project under Al Wasl; the towers are in Al Kifaf
• The entry ask sits below the AED 2 M Golden Visa threshold, though most stock clears it
• A 2020 building is approaching its first significant maintenance cycle

Who this is for

• Buyers who want a central, park-facing address with a government developer behind it
• Investors who value five years of rent history and a deep tenant pool in Bur Dubai and Zabeel
• End users who want Downtown, DIFC and the airport all within fifteen minutes
• Buyers looking at the larger stock, which clears the Golden Visa threshold comfortably

Who should look elsewhere

• Anyone expecting a discount — wasl does not need to price to clear stock
• Buyers who will not confirm from the title deed which of the four towers an apartment is in
• Investors chasing the highest gross yields, which sit in the cheaper outer districts
• Anyone who needs a developer payment plan — this is a resale market

Our verdict

Park Gate is one of the better central addresses in Dubai at this price, and Tower A shares everything that makes it work: Zabeel Park across the road, the Dubai Frame in the view, two metro stations nearby, and Downtown, DIFC and the airport inside fifteen minutes. wasl as developer is about as strong a covenant as the city offers — the common areas will be maintained.

The honest limitation of this page is that Tower A is not a separately traded thing. The source listing lists the four buildings as separate projects, but the market, the portals and the price data all treat Park Gate Residences as one address. So buy the apartment, not the tower: get the title deed, confirm which building it is in, study the floor plan and the outlook, and price against the DLD record for the whole complex. And be realistic on yield — a central park-facing address with a government developer returns 4 to 5.5% gross, not the 8% you would find in International City. The compensation is a tenant pool that does not thin out.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What does an apartment in Park Gate Residence Tower A cost?

No source publishes prices tower by tower. Across the whole Park Gate development, asking prices start near AED 1,700,000 (about Rs 4.38 crore) and run to about AED 4,500,000, with a six-month average ask of about AED 2,785,619. Ask your broker for the DLD transaction record and confirm from the title deed which building the apartment sits in.

How is Tower A different from B, C and D?

On the published record, it is not — the four buildings share a podium, a set of amenities and a single market identity, and no source we checked breaks out floor counts, unit mixes, prices or rents by tower. The differences that exist in practice are floor, orientation and outlook on the specific apartment, which the floor plan and a viewing will tell you.

Is the building ready?

Yes. Park Gate Residences was completed in November 2020, after a build that started in August 2017. Any purchase is a resale against a title deed, with a UAE mortgage available — non-residents are usually financed at 50 to 60% of value.

How big are the apartments?

One- to three-bedroom apartments start at about 990 sq ft, which is generous for a central Dubai address. There are also four-bedroom penthouses and three- to five-bedroom podium townhouses; their areas are not separately published by the sources we checked.

What rent can I expect?

One-bedroom rents start at about AED 70,000 a year, and yearly listings across the complex run from about AED 98,000. Against an entry ask of AED 1,700,000 that implies a gross yield in the region of 4 to 5.5% depending on the unit — lower than Dubai's outer districts, which is the normal trade for a central, park-facing address.

What are the service charges?

Not published for Park Gate. Dubai buildings run about AED 10 to 30 per sq ft a year, and a four-tower development on a shared podium with a health club, planted decks and water features sits in the middle to upper part of that. Ask for two years of RERA-approved statements and for the apportionment of the shared podium between the four buildings.

Who is the developer?

wasl Asset Management Group, the property arm of the Dubai government, building here through its Park 1 subsidiary as part of the wasl1 masterplan. It is about the strongest developer covenant available in the city, and it also means the pricing is unlikely to soften — wasl does not need to clear stock.

How good is the location?

Very good. The development sits directly opposite Zabeel Park, which holds the Dubai Frame, with Al Jafiliya and Max metro stations nearby, Bur Dubai and Karama immediately east, Sheikh Zayed Road, DIFC and Downtown minutes north, and Dubai International Airport twelve to fifteen minutes away.

Does the purchase qualify for a Golden Visa?

The entry ask of AED 1,700,000 is below the AED 2 M property threshold, but most of the stock here — anything from a larger two-bedroom upwards, and certainly the penthouses and townhouses — clears it comfortably. Get the DLD-registered value of the specific unit in writing if residency is part of your plan.

Can an Indian citizen buy here?

Yes. Al Kifaf is freehold, so any nationality can own outright with a DLD title deed. At about AED 1,700,000 — roughly USD 463,000 — the purchase needs two people's USD 250,000 LRS allowances or two financial years. At the average ask of AED 2,785,619, about USD 758,000, plan on three allowances or a longer schedule.

If you want the DLD transaction record for Park Gate, the title-deed details of what is available and two years of service-charge statements, talk to Realty Hunting and we will pull them together.