Dubai Land Department Off-Plan Register

Park Gate Residences 3 Launch Prices

Off-plan in Wasl 1 · Developer launch registrations from the Dubai Land Department off-plan register

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At a glance

Launch Summary

105 developer launch sales registered at Park Gate Residences 3 between Jan 2018 and Oct 2020: 100% apartments, most commonly 2-bed units, typically around 1,572 sqft.

Launch sales
105
DLD off-plan registrations, all time
Median launch /sqft
AED 1,246
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 750,0006,090,000
Min – max registered

Bed mix: 1-bed 24% · 2-bed 70% · 3-bed 2% · 4+-bed 5%.

Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.

Launch price history

Launch Price by Quarter

Median registered launch price per square foot at Park Gate Residences 3, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2018 Q161AED 1,241
2018 Q218AED 1,248
2018 Q33AED 1,264
2018 Q42AED 1,439
2019 Q11AED 1,169
2019 Q21AED 1,295
2019 Q43AED 1,585
2020 Q11AED 1,205
2020 Q21AED 1,025
2020 Q313AED 1,279
2020 Q41AED 967
Two different markets

Launch vs Resale

Park Gate Residences 3 also has 58 ready-market resales registered with the DLD, the first on 12 July 2021 - 42 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.

Resales registered
58
14 in the last 2 years
Resale median /sqft
AED 1,945
last 2 years
Resale vs launch
+56%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Park Gate Residences 3 →

The latest launch sales

Recent Launch Registrations

Apartment · 2 Bed
776 sqft · 23 October 2020
AED 750,000
AED 967 /sqft
Apartment · 1 Bed
999 sqft · 30 September 2020
AED 1,585,000
AED 1,587 /sqft
Apartment · 2 Bed
1,619 sqft · 30 September 2020
AED 1,710,000
AED 1,056 /sqft
Apartment · 2 Bed
1,572 sqft · 30 September 2020
AED 2,480,000
AED 1,577 /sqft
Apartment · 2 Bed
1,620 sqft · 30 September 2020
AED 2,029,000
AED 1,253 /sqft

Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.

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Off-plan in Wasl 1

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