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

516, Prime Residency 3

Sold prices and rental history: sold 4 times, last in January 2026, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 2 February 2026
Last soldAED 675K15 January 2026
Current rentAED 60K /yr2 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Prime Residency 3

What is 516 worth today?

Last sold for AED 675,000 in 2026

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2 Feb 2026RentedNew contract
AED 60,000/yr12 months · AED 151 per sqft
15 Jan 2026SoldReady
AED 675,000AED 1,690 per sqft
1 Jun 2025RentedNew contract
AED 55,200/yr12 months · AED 138 per sqft
25 Nov 2024SoldOff-plan
AED 610,000AED 1,518 per sqft
26 Jun 2024SoldOff-plan
AED 520,000AED 1,294 per sqft
24 Feb 2022Sold by developerOff-plan
AED 426,817AED 1,062 per sqft

Source: Dubai Land Department. Updated 2 February 2026.

Key facts

Type
Studio apartment
Size
399 sqft
Floor
5th of 7
Parking
P2-86
Developer
Prescott Real Estate Development
Completed
2024
Last sold
AED 675K · January 2026
Building
Prime Residency 3

About 516, Prime Residency 3

516 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 15 January 2026 for AED 675,000, or AED 1,690 per sqft, 9% above the AED 1,552 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 2 February 2026, is AED 60,000 a year: a gross yield of 8.9% on the 2026 price.

Sales and rents for 516 over time

Sales
Unit 516, 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, February 2022: AED 426,817 (AED 1,062 per sqft)Sold, June 2024: AED 520,000 (AED 1,294 per sqft)Sold, November 2024: AED 610,000 (AED 1,518 per sqft)Sold, January 2026: AED 675,000 (AED 1,690 per sqft)

516 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 516, each contractTypical studio in Prime Residency 3
40K50K60K2024202520262027Typical rent by year: 2024 AED 42,000; 2025 AED 53,000; 2026 AED 50,000New contract, June 2025: AED 55,200 a yearNew contract, February 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 516 sits

All 250 studios →

516 last sold in January 2026 at AED 1,690 per sqft, 9% above what studios in Prime Residency 3 were fetching at the time (AED 1,552). 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. 516'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
506StudioAED 445K · Dec 2021
507StudioAED 446K · Dec 2021
1–7 of 41

516, Prime Residency 3 in numbers

  • Sold 4 times: first on 24 February 2022 for AED 426,817, last on 15 January 2026 for AED 675,000 (AED 1,690 per sqft).
  • Rented since June 2025 on 2 Ejari contracts, from AED 55,200 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2026 price is 8.9%.
  • 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 2 February 2026.

Questions about 516, Prime Residency 3

What did unit 516 last sell for?

AED 675,000 on 15 January 2026: AED 1,690 per sqft for 399 sqft. The unit has 4 registered sales; the first was AED 426,817 in February 2022.

What is the rent for unit 516?

AED 60,000 a year on the contract signed on 2 February 2026. The previous contract, from June 2025, was AED 55,200.

How big is unit 516?

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

What is unit 516 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 516, Prime Residency 3

Starts from the last sale price (AED 675K, 15 January 2026). Switch to today's estimate once you have unlocked it.
Price
AED 675,000
Deposit, UAE resident (20%)
AED 135,000
Deposit, non-resident (40%)
AED 270,000
Monthly over 25 years at 3.7%
AED 2,762

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