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Studio · 431 sqftPrime Residency 3, Al Furjan · 5th floor · completed 2024

506, Prime Residency 3

Sold prices and rental history: sold once, by the developer in December 2021, and rented once, from January 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 9 January 2026
Last soldAED 445K13 December 2021
Current rentAED 60K /yr9 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Prime Residency 3

What is 506 worth today?

Last sold for AED 445,317 in 2021

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9 Jan 2026RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
13 Dec 2021Sold by developerOff-plan
AED 445,317AED 1,032 per sqft

Source: Dubai Land Department. Updated 9 January 2026.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
5th of 7
Parking
1
Developer
Prescott Real Estate Development
Completed
2024
Last sold
AED 445K · December 2021
Building
Prime Residency 3

About 506, Prime Residency 3

506 is a studio of 431 sqft on the 5th floor of Prime Residency 3, a 7-storey tower in Al Furjan completed in 2024 by Prescott Real Estate Development . The developer sold it on 13 December 2021 for AED 445,317, or AED 1,032 per sqft, 3% below the AED 1,065 studios in the building were fetching at the time.

One Ejari contract is registered, from 9 January 2026. The current contract, signed on 9 January 2026, is AED 60,000 a year: a gross yield of 13.5% on the 2021 price.

Sales and rents for 506 over time

Sales
Unit 506, 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, December 2021: AED 445,317 (AED 1,032 per sqft)

506 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 506, each contractTypical studio in Prime Residency 3
40K50K60K2024202520262027Typical rent by year: 2024 AED 42,000; 2025 AED 53,000; 2026 AED 50,000New contract, January 2026: AED 60,000 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 506 sits

All 250 studios →

506 last sold in December 2021 at AED 1,032 per sqft, 3% below what studios in Prime Residency 3 were fetching at the time (AED 1,065). 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. 506's AED 60,000 is in the upper 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
502StudioAED 499K · Dec 2023
5031-bedAED 1M · Apr 2025
5041-bedAED 720K · Dec 2021
505StudioAED 427K · Jan 2022
507StudioAED 446K · Dec 2021
508StudioAED 412K · Dec 2021
1–7 of 41

506, Prime Residency 3 in numbers

  • Sold once: by Prescott Real Estate Development on 13 December 2021 for AED 445,317, or AED 1,032 per sqft.
  • Rented since January 2026 on one Ejari contract, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2021 price is 13.5%.
  • 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 9 January 2026.

Questions about 506, Prime Residency 3

What did unit 506 last sell for?

AED 445,317 on 13 December 2021, sold by the developer: AED 1,032 per sqft for 431 sqft. It is the only registered sale of the unit.

What is the rent for unit 506?

AED 60,000 a year on the contract signed on 9 January 2026.

How big is unit 506?

431 sqft (40.0 sqm): a studio on the 5th floor of a 7-storey tower completed in 2024.

What is unit 506 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 506, Prime Residency 3

Starts from the last sale price (AED 445K, 13 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 445,317
Deposit, UAE resident (20%)
AED 89,063
Deposit, non-resident (40%)
AED 178,127
Monthly over 25 years at 3.7%
AED 1,822

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