2-Bedroom Apartment at Park Gate Residence by wasl – 9.1% Below Original Price

Property Overview

This 2-bedroom apartment of 2,032 sq ft in Park Gate Residence, a wasl development beside Zabeel Park, is offered at AED 3,000,000. That is AED 300,000, or 9.1%, below the seller's stated original purchase price of AED 3,300,000, and works out to about AED 1,476 per sq ft.

Property Highlights

• Asking price: AED 3,000,000
• Original purchase price: AED 3,300,000 (agent-stated)
• Saving: AED 300,000 (9.1% below original price)
• Size: 2,032 sq ft (agent-stated)
• Rate: approximately AED 1,476 per sq ft (calculated)
• Bedrooms: 2
• Developer: wasl

Why the Price Qualifies as Below Original Price

The agent supplied both the original purchase price (AED 3,300,000) and the asking price (AED 3,000,000). The difference is AED 300,000, equal to 9.1% of the original price.

The original price is the seller's figure as relayed by the agent. Buyers should confirm it from the seller's SPA or title documents before committing.

About Park Gate Residence

Park Gate Residences is a wasl project of four residential towers linked by shared podiums, located next to Zabeel Park in the Wasl 1 district at Al Kifaf. The development offers 1- to 3-bedroom apartments, 4-bedroom penthouses and podium townhouses.

Reported facilities include landscaped podium areas with water features, rooftop lawns with a swimming pool and children's play area, a fitness club, in-building grocery shops and allocated underground and podium parking. Confirm current facilities and service charges with the developer or building management.

Layout, Floor and View

The agent describes a 2-bedroom apartment of 2,032 sq ft, which is large for a 2-bedroom and may include a maid's room, study or terrace. Floor, view, bathroom count, parking and furnishing were not supplied; request the floor plan to confirm the layout.

Handover and Transfer

The brief does not state whether the unit is ready or still awaiting handover, and public sources give differing timelines for the project. Confirm the handover status, title deed or Oqood registration, and any balance payable to wasl before signing.

Location and Connectivity

Park Gate Residences sits beside Zabeel Park, close to the Dubai Frame and Sheikh Zayed Road. DPF has not verified exact journey times from the building.

Verification Notes

• Agent-supplied: project, bedrooms, size, original price, asking price, distress positioning.
• Calculated by DPF: saving amount and percentage, price per sq ft.
• External research: developer, tower count, unit mix, facilities and location beside Zabeel Park.
• Not supplied: handover status, floor, view, bathrooms, parking, furnishing, payment status.