Prime Residency 3

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by Prescott
294
Total Units
293
Sold
⃃ 575,000
Median Price
⃃ 1,210
Median Price /sqft
Construction progress: 100%
Start: Oct, 2021Completion: Dec, 2024

Prime Residency 3 Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio250380 sqft - 640 sqft⃃ 0.7M (1,620 /sqft)⃃ 1,490 /sqft
8.94
1 Bed42750 sqft - 1,410 sqft⃃ 1.1M (1,380 /sqft)⃃ 1,600 /sqft
-14.12

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Combination: Property price over months
Prime Residency 3Jabal Ali First
Aug 2021—1.0K
Sep 2021—827
Oct 2021—884
Nov 20211.1K925
Dec 20211.1K986
Jan 20221.1K908
Feb 20221.1K924
Mar 20221.1K880
Apr 20221.1K928
May 20221.1K936
Jun 20221.1K928
Jul 2022935957
Aug 20221.1K952
Sep 20221.0K1.0K
Oct 2022—945
Nov 2022780973
Dec 20221.2K941
Jan 20231.1K1.0K
Feb 20231.1K1.0K
Mar 20231.2K987
Apr 2023—1.0K
May 2023908985
Jun 2023—1.0K
Jul 2023805990
Aug 20231.1K999
Sep 20231.2K1.1K
Oct 2023—1.1K
Nov 20231.2K1.2K
Dec 20231.2K1.1K
Jan 20241.1K1.1K
Feb 20241.3K1.1K
Mar 20241.3K1.2K
Apr 20241.3K1.2K
May 20241.2K1.2K
Jun 20241.3K1.2K
Jul 20241.3K1.2K
Aug 20241.4K1.2K
Sep 20241.4K1.2K
Oct 20241.4K1.2K
Nov 20241.3K1.2K
Dec 20241.3K1.3K
Jan 20251.5K1.3K
Feb 20251.5K1.3K
Mar 20251.5K1.3K
Apr 20251.4K1.3K
May 20251.6K1.3K
Jun 20251.6K1.4K
Jul 20251.6K1.4K
Aug 20251.4K1.6K
Sep 20251.7K1.5K
Oct 20251.6K1.6K
Nov 20251.5K2.0K
Dec 20251.6K1.6K
Jan 20261.6K1.4K
Feb 20261.5K1.4K
Mar 20261.7K1.5K
Apr 20261.5K1.5K
May 20261.7K1.5K
Jun 2026—1.5K
Jul 20261.4K1.6K
Aug 20261.7K1.6K
Sep 20261.5K1.7K
Oct 2026—1.7K

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSizeBalcony
Commercial—379 sqft
Commercial—131 sqft

Sold properties

BedsCategorySizeBalconyPricePrice /sqftDate
1Apartment957 sqft28.32 sqft⃃ 1,180,000⃃ 1,233 /sqft11, Aug 2025
1Apartment1,407 sqft65.01 sqft⃃ 1,010,000⃃ 718 /sqft07, Aug 2024
1Apartment1,399 sqft64.24 sqft⃃ 915,777⃃ 655 /sqft03, Aug 2022
1Apartment1,383 sqft63.92 sqft⃃ 911,859⃃ 659 /sqft27, Dec 2021
1Apartment1,376 sqft63.21 sqft⃃ 903,324⃃ 656 /sqft28, Nov 2022
1Apartment961 sqft28.93 sqft⃃ 750,000⃃ 780 /sqft18, Nov 2022
StudioApartment461 sqft8.97 sqft⃃ 670,000⃃ 1,453 /sqft11, Feb 2026
StudioApartment529 sqft16.71 sqft⃃ 660,000⃃ 1,248 /sqft16, Apr 2025
StudioApartment545 sqft16.9 sqft⃃ 650,000⃃ 1,193 /sqft25, Apr 2025
StudioApartment442 sqft8.85 sqft⃃ 630,000⃃ 1,425 /sqft13, Jun 2025
StudioApartment638 sqft24.27 sqft⃃ 590,000⃃ 925 /sqft13, Feb 2024
StudioApartment417 sqft5.67 sqft⃃ 580,000⃃ 1,391 /sqft25, Oct 2024
StudioApartment545 sqft16.9 sqft⃃ 580,000⃃ 1,064 /sqft18, Dec 2024
StudioApartment524 sqft14.74 sqft⃃ 570,000⃃ 1,088 /sqft19, Dec 2024
StudioApartment546 sqft17.11 sqft⃃ 570,000⃃ 1,044 /sqft18, Jan 2024

Prime Residency 3 Real Estate Data – FAQ

  • What is the current property supply in Prime Residency 3?

    Prime Residency 3 has a total residential supply of approximately 151 units. This represents completed and available inventory within the area.

  • How active is the real estate market in Prime Residency 3?

    Prime Residency 3 recorded 25 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

  • What is the average price /sqft in Prime Residency 3?

    The median transaction price in Prime Residency 3 is ⃃ 1,550 /sqft , based on actual recorded sales transactions, not listing prices.

  • What rental yield can investors expect in Prime Residency 3?

    The gross rental yield in Prime Residency 3 is approximately 10%, calculated using median rental income divided by median sale prices for comparable properties.

  • How much have property prices increased in Prime Residency 3?

    Property prices in Prime Residency 3 have shown a capital appreciation of 5.6% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

  • How many off-plan projects are currently in Prime Residency 3?

    There are currently 0 active off-plan projects in Prime Residency 3, reflecting strong developer activity and future supply pipeline.

  • What is the future supply pipeline in Prime Residency 3?

    The total off-plan pipeline in Prime Residency 3 includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

  • Is Prime Residency 3 a good area for property investment?

    Prime Residency 3 is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around 10%, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Prime Residency 3, this is 10%, indicating relatively strong income performance compared to global markets.