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Studio · 399 sqftPrime Residency 3, Al Furjan · 5th floor · completed 2024

502, Prime Residency 3

Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 29 October 2026
Last soldAED 499K19 December 2023
Current rentAED 50K /yr29 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Prime Residency 3

What is 502 worth today?

Last sold for AED 499,000 in 2023

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29 Oct 2026RentedNew contract
AED 50,000/yr12 months · AED 126 per sqft
1 Jul 2026RentedNew contract
AED 48,000/yr12 months · AED 122 per sqft
1 Jun 2026RentedRenewal
AED 50,000/yr12 months · AED 126 per sqft
1 Jun 2025RentedNew contract
AED 48,000/yr12 months · AED 121 per sqft
19 Dec 2023SoldOff-plan
AED 499,000AED 1,250 per sqft
18 Nov 2021Sold by developerOff-plan
AED 439,082AED 1,100 per sqft

Source: Dubai Land Department. Updated 29 October 2026.

Key facts

Type
Studio apartment
Size
399 sqft
Floor
5th of 7
Parking
1
Developer
Prescott Real Estate Development
Completed
2024
Last sold
AED 499K · December 2023
Building
Prime Residency 3

About 502, Prime Residency 3

502 is a studio of 399 sqft on the 5th floor of Prime Residency 3, a 7-storey tower in Al Furjan completed in 2024 by Prescott Real Estate Development . It last sold on 19 December 2023 for AED 499,000, or AED 1,250 per sqft, 14% above the AED 1,096 studios in the building were fetching at the time.

It has been rented continuously since 2025 on 4 Ejari contracts. The current contract, signed on 29 October 2026, is AED 50,000 a year: a gross yield of 10.0% on the 2023 price.

Sales and rents for 502 over time

Sales
Unit 502, 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, November 2021: AED 439,082 (AED 1,100 per sqft)Sold, December 2023: AED 499,000 (AED 1,250 per sqft)

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

Rents
Unit 502, each contractTypical studio in Prime Residency 3
45K50K2024202520262027Typical rent by year: 2024 AED 42,000; 2025 AED 53,000; 2026 AED 50,000New contract, June 2025: AED 48,000 a yearRenewal, June 2026: AED 50,000 a yearNew contract, July 2026: AED 48,000 a yearNew contract, October 2026: AED 50,000 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 502 sits

All 250 studios →

502 last sold in December 2023 at AED 1,250 per sqft, 14% above what studios in Prime Residency 3 were fetching at the time (AED 1,096). 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. 502's AED 50,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
9 Sep 2026615,000
2 Sep 2026630,000
26 Aug 2026660,000
24 Aug 2026693,000
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 5th floor

All 292 units in Prime Residency 3
Value
501StudioAED 640K · Apr 2025
5031-bedAED 1M · Apr 2025
5041-bedAED 720K · Dec 2021
505StudioAED 427K · Jan 2022
506StudioAED 445K · Dec 2021
507StudioAED 446K · Dec 2021
508StudioAED 412K · Dec 2021
1–7 of 41

502, Prime Residency 3 in numbers

  • Sold twice: first on 18 November 2021 for AED 439,082, last on 19 December 2023 for AED 499,000 (AED 1,250 per sqft).
  • Rented since June 2025 on 4 Ejari contracts, from AED 48,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 10.0%.
  • 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 29 October 2026.

Questions about 502, Prime Residency 3

What did unit 502 last sell for?

AED 499,000 on 19 December 2023: AED 1,250 per sqft for 399 sqft. The unit has 2 registered sales; the first was AED 439,082 in November 2021.

What is the rent for unit 502?

AED 50,000 a year on the contract signed on 29 October 2026. The previous contract, from July 2026, was AED 48,000; the unit has been rented since June 2025.

How big is unit 502?

399 sqft (37.1 sqm): a studio on the 5th floor of a 7-storey tower completed in 2024.

What is unit 502 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 502, Prime Residency 3

Starts from the last sale price (AED 499K, 19 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 499,000
Deposit, UAE resident (20%)
AED 99,800
Deposit, non-resident (40%)
AED 199,600
Monthly over 25 years at 3.7%
AED 2,042

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