Overview

Property Description

The Wasl Asset Management Group has developed Park Gate Residences in the Wasl1 community. In the Al Kifaf area, the project is located next to one of the largest parks in Dubai; Zabeel Park, which houses the famous Dubai Frame. The complex consists of four residential skyscrapers connected by a common podium. The project offers a variety of 1-3-bedroom apartments ranging in size from 990 square feet to 4,500 square feet, as well as 4-bedroom penthouses and podium townhouses with 3-5 bedrooms. The spacious terraces and large floor-to-ceiling windows overlook the luscious Zabeel Park from all of the residences. Not to mention the stylish interiors with natural wood, stainless steel, and marble.. The apartment complex offers both families with children as well as singles a variety of layouts and amenities. Due to its central location and plenty of leafy areas, Park Gate Residences offers a unique lifestyle – a mixture of the busy metropolis, with its intense work pace, infrastructure, and entertainment, but also a sense of serenity that is akin to the suburbs. The development is also within walking distance of a metro station, allowing easy access to Dubai's business districts, entertainment venues, and endless attractions. A 1-bedroom apartment in Park Gate Residences costs AED 1,700,000 (USD 463,000). *Prices are valid for 2023 Located in a freehold area, this development offers full ownership to foreigners. As a result, property owners can resell and lease the property as they please, making it a perfect investment for a commercial property. Consequently, a 1-bedroom apartment in Park Gate Residences starts at AED 70,000 (USD 19,000) per annum. As part of a promotion offer, prospective buyers can also take advantage of a 50% DLD Waiver. The opportunity to obtain a 3-year investor visa is excellent when investing in a property for AED 750,000 (USD 205,000). With the Taskeen Programme, launched by the DLD, a person can renew their visa more than once as well as bring their spouse and children to the UAE. The property must be completely completed and if it's mortgaged, 50% of its value must be paid to the bank at the time of application. Park Gate Residences offers exclusive terms for purchasing real estate – in installments with convenient payment plans. Send us an inquiry to learn more about our offers, payment scheme, and other conditions for acquiring a property. If you have any questions, our Manager at Metropolitan Premium Properties will get back to you shortly. All properties at Park Gate Residences are ready to move into since the construction was completed in Q4 2020. You can either buy the property and move in right away, or you can invest in it to generate rental income right away. Our property management service can help you maximise your income without having to analyze the market and find tenants.. With Metropolitan Premium Properties, everything is taken care of, from setting the best rental rate to finding a reliable tenant, to preparing all the paperwork and making sure payments are received on time.

Location