516, Prime Gardens
Sold prices and rental history: sold once, by the developer in August 2022, and rented once, from August 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Prime Gardens
What is 516 worth today?
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Source: Dubai Land Department. Updated 26 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 413 sqft
- Floor
- 5th of 6
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2024
- Last sold
- AED 490K · August 2022
- Building
- Prime Gardens
About 516, Prime Gardens
516 is a studio of 413 sqft on the 5th floor of Prime Gardens, a 6-storey tower in Arjan completed in 2024 by Prescott Real Estate Development . The developer sold it on 18 August 2022 for AED 489,600, or AED 1,185 per sqft, 4% above the AED 1,137 studios in the building were fetching at the time.
One Ejari contract is registered, from 26 August 2024. The current contract, signed on 26 August 2024, is AED 55,000 a year: a gross yield of 11.2% on the 2022 price.
Sales and rents for 516 over time
516 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Prime Gardens, and where 516 sits
All 46 studios →516 last sold in August 2022 at AED 1,185 per sqft, 4% above what studios in Prime Gardens were fetching at the time (AED 1,137). Over the last 12 months studios sold for AED 685,000 to 710,000, around AED 1,723 per sqft, and rent for AED 45,000 to 60,000 a year. 516's AED 55,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 May 202611 May 2026 | 412 sqft | 710,000 | 1,723 | ||
| 6 Apr 20266 April 2026 | 412 sqft | 685,000 | 1,662 | ||
| 16 Feb 202616 February 2026 | 412 sqft | 710,000 | 1,723 | ||
| 9 Feb 20269 February 2026 | 412 sqft | 710,000 | 1,723 |
Prime Gardens
Building139 apartments, studios to 2-bed over 6 floors in Arjan, completed in 2024 by Prescott Real Estate Development . 15 sold in the last 12 months.
- Typical price per sqft
- AED 1,411 Down 2.8%
- Typical sale
- AED 950K
- Typical rent
- AED 72K /yr
- Typical yield
- 7.7%
Other units on the 5th floor
All 139 units in Prime Gardens| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 768 sqft | AED 825KAED 825,000 · Nov 2022November 2022 | 80,000 /yr | |
| 502 | 2-bed | 1,274 sqft | AED 1.43MAED 1,425,000 · Dec 2023December 2023 | 115,000 /yr | |
| 503 | 2-bed | 1,269 sqft | AED 1.12MAED 1,115,000 · Dec 2022December 2022 | ||
| 504 | 1-bed | 757 sqft | AED 760KAED 760,000 · Nov 2022November 2022 | 82,000 /yr | |
| 505 | 1-bed | 757 sqft | AED 760KAED 760,000 · Nov 2022November 2022 | 80,000 /yr | |
| 506 | 1-bed | 762 sqft | AED 760KAED 760,000 · Oct 2022October 2022 | ||
| 507 | 2-bed | 1,130 sqft | AED 1.13MAED 1,133,000 · Dec 2022December 2022 | ||
| 508 | 1-bed | 771 sqft | AED 900KAED 900,000 · Jun 2025June 2025 | 77,170 /yr | |
| 509 | Studio | 412 sqft | AED 490KAED 490,000 · Sep 2023September 2023 | ||
| 510 | Studio | 413 sqft | AED 490KAED 490,000 · Sep 2023September 2023 | ||
| 511 | Studio | 412 sqft | AED 750KAED 750,000 · Jan 2025January 2025 | ||
| 512 | Studio | 413 sqft | AED 476KAED 475,950 · Sep 2022September 2022 | ||
| 513 | Studio | 412 sqft | AED 685KAED 685,000 · Apr 2026April 2026 | 45,000 /yr | |
| 514 | Studio | 412 sqft | AED 695KAED 695,000 · Dec 2024December 2024 | ||
| 515 | Studio | 412 sqft | AED 710KAED 710,000 · May 2026May 2026 | 60,000 /yr | |
| 517 | Studio | 413 sqft | AED 630KAED 630,000 · Apr 2024April 2024 | ||
| 518 | 1-bed | 898 sqft | AED 870KAED 870,000 · Nov 2022November 2022 | 80,000 /yr | |
| 519 | 1-bed | 762 sqft | AED 835KAED 835,000 · Nov 2023November 2023 | 93,000 /yr | |
| 520 | 1-bed | 768 sqft | AED 900KAED 900,000 · May 2024May 2024 | ||
| 521 | 1-bed | 802 sqft | AED 810KAED 810,000 · Sep 2022September 2022 | 80,000 /yr | |
| 522 | 1-bed | 772 sqft | AED 786KAED 786,000 · Oct 2022October 2022 | ||
| 523 | 1-bed | 776 sqft | AED 771KAED 771,000 · Nov 2022November 2022 | ||
| 524 | 1-bed | 840 sqft | AED 836KAED 836,360 · Nov 2022November 2022 |
516, Prime Gardens in numbers
- Sold once: by Prescott Real Estate Development on 18 August 2022 for AED 489,600, or AED 1,185 per sqft.
- Rented since August 2024 on one Ejari contract, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2022 price is 11.2%.
- Studios in Prime Gardens sold for AED 685,000–710,000 in the 12 months to November 2026; the building's median across all types is AED 1,411 per sqft.
Source: Dubai Land Department. Updated 26 August 2024.
Questions about 516, Prime Gardens
What did unit 516 last sell for?
AED 489,600 on 18 August 2022, sold by the developer: AED 1,185 per sqft for 413 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 55,000 a year on the contract signed on 26 August 2024.
How big is unit 516?
413 sqft (38.4 sqm): a studio on the 5th floor of a 6-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 Gardens sold for AED 685,000 to 710,000 in the last 12 months, around AED 1,723 per sqft.
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Mortgage on 516, Prime Gardens
Starts from the last sale price (AED 490K, 18 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 489,600
- Deposit, UAE resident (20%)
- AED 97,920
- Deposit, non-resident (40%)
- AED 195,840
- Monthly over 25 years at 3.7%
- AED 2,003
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →