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Studio · 426 sqftPrime Residency 3, Al Furjan · 2nd floor · completed 2024

242, Prime Residency 3

Sold prices and rental history: sold twice, last in August 2026, and rented continuously since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 242 · DLD and Ejari recordsUpdated 26 August 2026
Last soldAED 660K26 August 2026
Current rentAED 53K /yr1 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 242, Prime Residency 3

What is 242 worth today?

Last sold for AED 660,000 in 2026

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26 Aug 2026SoldReady
AED 660,000AED 1,550 per sqft
1 Jul 2026RentedRenewal
AED 53,000/yr12 months · AED 124 per sqft
1 Jul 2026RentedNew contract
AED 53,000/yr12 months · AED 123 per sqft
1 Jul 2025RentedNew contract
AED 53,000/yr12 months · AED 124 per sqft
1 Jul 2025RentedNew contract
AED 53,000/yr12 months · AED 124 per sqft
3 Jun 2022Sold by developerOff-plan
AED 450,728AED 1,049 per sqft

Source: Dubai Land Department. Updated 26 August 2026.

Key facts

Type
Studio apartment
Size
426 sqft
Floor
2nd of 7
Parking
G-84
Developer
Prescott Real Estate Development
Completed
2024
Last sold
AED 660K · August 2026
Building
Prime Residency 3

About 242, Prime Residency 3

242 is a studio of 426 sqft on the 2nd floor of Prime Residency 3, a 7-storey tower in Al Furjan completed in 2024 by Prescott Real Estate Development . It last sold on 26 August 2026 for AED 660,000, or AED 1,550 per sqft, 6% below the AED 1,646 studios in the building were fetching at the time.

It has been rented continuously since 2025 on 4 Ejari contracts. The current contract, renewed on 1 July 2026, is AED 53,000 a year: a gross yield of 8.0% on the 2026 price.

Sales and rents for 242 over time

Sales
Unit 242, each saleTypical studio in Prime Residency 3
400K600K2021202320252027Typical sale price by year: 2021 AED 439,082; 2022 AED 453,894; 2023 AED 480,000; 2024 AED 560,000; 2025 AED 645,000; 2026 AED 672,500Sold by developer, June 2022: AED 450,728 (AED 1,049 per sqft)Sold, August 2026: AED 660,000 (AED 1,550 per sqft)

242 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 242, each contractTypical studio in Prime Residency 3
45K50K2024202520262027Typical rent by year: 2024 AED 42,000; 2025 AED 53,000; 2026 AED 50,000New contract, July 2025: AED 53,000 a yearNew contract, July 2025: AED 53,000 a yearRenewal, July 2026: AED 53,000 a yearNew contract, July 2026: AED 53,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Prime Residency 3, and where 242 sits

All 250 studios →

242 last sold in August 2026 at AED 1,550 per sqft, 6% below what studios in Prime Residency 3 were fetching at the time (AED 1,646). Over the last 12 months studios sold for AED 471,000 to 730,000, around AED 1,620 per sqft, and rent for AED 35,655 to 84,000 a year. 242's AED 53,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
9 Sep 2026615,000
2 Sep 2026630,000
24 Aug 2026693,000
17 Aug 2026650,000
20 studio sales in the last 12 months

Prime Residency 3

Building

292 apartments, studios to 1-bed over 7 floors in Al Furjan, completed in 2024 by Prescott Real Estate Development . 25 sold in the last 12 months.

Typical price per sqft
AED 1,555 Up 5.1%
Typical sale
AED 685K
Typical rent
AED 51K /yr
Typical yield
7.6%
Prime Residency 3, Al Furjan: prices, sales and rents →

Other units on the 2nd floor

All 292 units in Prime Residency 3
Value
201StudioAED 436K · Jan 2022
202StudioAED 630K · Mar 2025
2031-bedAED 1.12M · Feb 2025
2041-bedAED 750K · Feb 2023
205StudioAED 560K · Dec 2024
206StudioAED 625K · Feb 2025
207StudioAED 480K · Feb 2024
1–7 of 41

242, Prime Residency 3 in numbers

  • Sold twice: first on 3 June 2022 for AED 450,728, last on 26 August 2026 for AED 660,000 (AED 1,550 per sqft).
  • Rented since July 2025 on 4 Ejari contracts, at AED 53,000 a year.
  • At AED 53,000 a year the gross yield on the 2026 price is 8.0%.
  • Studios in Prime Residency 3 sold for AED 471,000–730,000 in the 12 months to November 2026; the building's median across all types is AED 1,555 per sqft.

Source: Dubai Land Department. Updated 26 August 2026.

Questions about 242, Prime Residency 3

What did unit 242 last sell for?

AED 660,000 on 26 August 2026: AED 1,550 per sqft for 426 sqft. The unit has 2 registered sales; the first was AED 450,728 in June 2022.

What is the rent for unit 242?

AED 53,000 a year on the contract renewed on 1 July 2026. The previous contract, from July 2026, was AED 53,000; the unit has been rented since July 2025.

How big is unit 242?

426 sqft (39.6 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2024.

What is unit 242 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Prime Residency 3 sold for AED 471,000 to 730,000 in the last 12 months, around AED 1,620 per sqft.

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Mortgage on 242, Prime Residency 3

Starts from the last sale price (AED 660K, 26 August 2026). Switch to today's estimate once you have unlocked it.
Price
AED 660,000
Deposit, UAE resident (20%)
AED 132,000
Deposit, non-resident (40%)
AED 264,000
Monthly over 25 years at 3.7%
AED 2,700

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →