Prime Residency 3
- Completed 2024
- 11 floors
- 4 lifts
- 322 parking bays
- 1 pool
- Master developer Prescott
A studio in Prime Residency 3 costs a median AED 672,500 and rents long-let for AED 48,000/yr (7.1% gross).
Studio · typical price
672,500AED
AED 1,620/sqft · +6.7% on a year
- Rent a year
- AED 48,000
- Gross yield
- 7.1%
- vs Al Furjan
- 11% above the median
Cost to buy, all inAED 717,723
- Price
- AED 672,500
- DLD fee 4%
- AED 26,900
- Agent 2% + VAT
- AED 14,123
- Trustee
- AED 4,200
Fees repaid by rent11 months
Is Prime Residency 3 a good investment?Easy to let and prices rising; rents are slipping
- Does it pay a good rent?7.1% gross, before the service charge (not on file) (Dubai median 6.8%)7.1%Fair
- Is it easy to let?100% of units signed a yearly lease in 12 months; the typical Al Furjan building manages 36%100%Strength
Al Furjan median 36% · top tenth from 71%Prime Residency 3 · 100% Across 56 Al Furjan buildings with 40 or more units, the median signed annual leases on 36% of units in 12 months and the top tenth on 71% or more; Prime Residency 3 is at 100%.
- Are rents going up?New studio leases: AED 53,000 a year ago, AED 48,000 now-9.4%Watch
- Are prices going up?Studio: AED 1,518/sqft a year ago, 1,620 now+6.7%Strength
- How fast do fees pay back?AED 45,223 in fees to buy a studio; rent covers it in 0.9 years0.9 yrs
- Can I sell easily?25 sales in 12 months, 9% of the tower (114 the year before)25Fair
- Is a lot being built nearby?2,553 apartments are planned in Al Furjan from 2026 to 2028, equal to 26% of the 9,866 homes let there today. A further 402 are past their planned date. Al Furjan supply by year →26%Fair
- Did earlier buyers gain?Up 45% for buyers 5 years ago; up 48% for launch buyers, before fees+44.8%Context
Readings use published thresholds · studio figures, the most traded type · Data to 12 Oct 2026
Prime Residency 3 prices and rents by unit typeA studio costs about AED 672,500 and rents for about AED 48,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
Studio · price per sqft · Al Furjan · area median AED 1,455/sqft
- 12-month change
- +6.7%
- 3 years
- +47.8% · +13.9%/yr
- 5 years
- +50.7% · +8.5%/yr
- vs area median
- +11.3%
- Rank by price per sqft
- 7th of 24
- Off-plan price gain, 2021–2024
- +47.8% · +11.8%/yr
Rental income
Studio · Al Furjan
- Gross yield
- 7.1%
- Median new rent
- AED 48,000/yr
- Yield vs area median
- -1.0 pts
- Yield vs Dubai (6.8%)
- +0.4 pts
- Yield rank
- 10th of 14
- Renewal rent
- AED 50,000/yr
- New tenants pay vs sitting (114 renewals)
- -4.0%
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Sale price, AED (right axis) Rent on new leases, AED a year (left axis)
Chart data, Studio: Nov 2021, AED 438,972; latest, Sep 2026, AED 648,125; peak, Apr 2026, AED 705,000. Rent on new leases: Oct 2010, AED 36,750 a year; latest, Oct 2026, AED 46,500.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 1,556 · before fees
- Launch, 2021–24
- 1,052
- +48%
- 261 sales
- 5 years ago
- 1,075
- +45%
- 45 sales
- 3 years ago
- 1,090
- +43%
- 38 sales
- Previous 12 months
- 1,473
- +6%
- 114 sales
- Last 12 months
- 1,556
- today
- 25 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
25 resales in the last 12 months, against 75 a year on average over 2023–2025.
25 resales in the last 12 months.
Short-term rates around Prime Residency 3
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Nightly rate through the yearNightly rate through the year
Comparables in Al Furjan
Every Al Furjan building with a page, ranked by price per sqft over the same 12 months, all unit types. Prime Residency 3 places 11th of 90; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Prime Residency 3 (AED 1,556/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At studio, Prime Residency 3 has registered sale prices 11% above the Al Furjan median price per square foot of 1,455 AED, across 24 eligible buildings. It ranks 7th of 24 by price per square foot and 10th of 14 by gross yield in Al Furjan.
Market context in Al Furjan
Registered sales activity
888 ready apartment sales in the 12 months to 2026-10-12.
+3.6% in median AED/sqft versus the preceding year, supported by 888 current and 1,131 prior price observations.
Explore sales activityPlanned apartment projects
1,559 known registered units across 16 pending projects planned within one year of the 2026-07-06 register.
4 projects had already passed their planned date; 5 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
2,553 apartments are planned in Al Furjan from 2026 to 2028, equal to 26% of the 9,866 homes let there today.
Ready prices per sqft fell in 15% of 41 buildings (counted once per bedroom type) in Al Furjan with sales in both years; the typical one moved +4.0%.
New-lease rents fell in 56% of 59 buildings (counted once per bedroom type) with leases in both years; the typical one moved −1.2%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
About Prime Residency 3
Prime Residency 3 is an apartment building completed in 2024 by Prescott in Al Furjan. 509 sales are registered with the Dubai Land Department.
The building, as registered
- Floors
- 11
- Lifts
- 4
- Parking bays
- 322
- Pools
- 1
- Master developer
- Prescott
Drive times · typical
- Downtown
- 29 min · 34 km
- DXB Airport
- 32 min · 41 km
- DIFC
- 25 min · 36 km
- Dubai Marina
- 16 min · 10 km
- Palm Jumeirah
- 25 min · 24 km
Nearest, as registered
- Metro
- Ibn Battuta Metro Station
- Mall
- Ibn-e-Battuta Mall
- Landmark
- Expo 2020 Site
Prime Residency 3: AED 1,556 per sq ft, 18% above the median Al Furjan building, and a 7.3% gross yield, above the area's median building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- Prime Residency 3AED 1,556
- Al Furjan, readyAED 1,284
- Al Furjan, off-planAED 1,464
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
Prime Residency 3Al Furjan median building
- Al Furjan7.3% vs 6.6%
More from Prescott
ELEVATE by Prescott
Arjan · 52 sales, 12 months
1.12M
AED, resale median · 1,544/sqft
Verano by Prescott
Dubai Studio City · 27 sales, 12 months
1.01M
AED, resale median · 1,545/sqft
Serene Gardens By Prescott
Discovery Gardens · 25 sales, 12 months
990,000
AED, resale median · 1,313/sqft
Legado by Prescott
Jumeirah Village Circle · 21 sales, 12 months
1.02M
AED, resale median · 1,604/sqft
Nearby in Al Furjan
Prices per sq ft around Prime Residency 3, on the mapPrices per sq ft around Prime Residency 3, on the map
AZIZI Central
Al Furjan · 87 sales, 12 months
1.57M
AED, resale median · 1,171/sqft
Azizi Zain
Al Furjan · 81 sales, 12 months
1.51M
AED, resale median · 1,167/sqft
Raffi by Azizi
Al Furjan · 68 sales, 12 months
591,920
AED, resale median · 1,694/sqft
Azizi Samia
Al Furjan · 33 sales, 12 months
815,000
AED, resale median · 1,062/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · StudioOn record
- Rental evidence · StudioOn record
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- DeveloperOn record
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a studio here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Prime Residency 3’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 2,990AED
- 4.5% over 25 years
- Monthly rent
- 4,000AED
- AED 48,000 a year
- Cash needed at purchase
- 189,448AED
- 20% down plus AED 54,948 in fees
Owning costs AED 177,310 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 2.
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Common questions
- What is the rental yield in Prime Residency 3?
- Prime Residency 3 returns 7.1% gross: a median new-contract rent of AED 48,000 a year (163 Ejari contracts in 12 months) over a price benchmark of AED 672,500 (median of 20 sales in the last 12 months, latest Sept 2026), before service charge, agency fees or vacant months.
- How much does a studio in Prime Residency 3 cost?
- The median registered sale price is AED 672,500 (1,620 AED/sqft), from 20 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- What are apartments in Prime Residency 3 selling for right now?
- Registered sales of ready units in Prime Residency 3 over the last 12 months have a median of 1,620 AED/sqft, across 20 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
- Have prices in Prime Residency 3 risen or fallen?
- Median price per square foot moved +6.7% over the last 12 months against the 12 before it, on 20 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- How does Prime Residency 3 compare with Al Furjan?
- Its 7.1% gross yield sits -1.0 pts against the Al Furjan median of 8.1%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.
For agents
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Prime Residency 3 sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 20 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /sale/apartments/dubai/al-furjan/prime-residency-3
Cite as: Dubai Wealth Index. “Prime Residency 3 sale prices and yield.” Al Furjan, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/al-furjan/prime-residency-3
Stable dataJSON