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2-bed · 946 sqftPrime Residency 1, International City · 2nd floor · completed 2010

240, Prime Residency 1

Sold prices and rental history: sold twice, last in January 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 240 · DLD and Ejari recordsUpdated 24 January 2022
Last soldAED 485K24 January 2022
Current rentAED 40K /yr11 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 240, Prime Residency 1

What is 240 worth today?

Last sold for AED 485,000 in 2022

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24 Jan 2022SoldReady
AED 485,000AED 512 per sqft
11 Jun 2021RentedRenewal
AED 40,000/yr12 months · AED 42 per sqft
11 Jun 2020RentedRenewal
AED 40,000/yr12 months · AED 42 per sqft
11 Jun 2019RentedRenewal
AED 48,000/yr12 months · AED 51 per sqft
11 Jun 2018RentedRenewal
AED 53,000/yr12 months · AED 56 per sqft
11 Jun 2017RentedRenewal
AED 53,000/yr12 months · AED 56 per sqft
11 Jun 2016RentedRenewal
AED 53,000/yr12 months · AED 56 per sqft
11 Jun 2015RentedRenewal
AED 53,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 24 January 2022.

Key facts

Type
2-bed apartment
Size
946 sqft
Floor
2nd of 4
Parking
B-116
Developer
Prescott Investments
Completed
2010
Service charge
AED 10,400 /yr
Last sold
AED 485K · January 2022
Building
Prime Residency 1

About 240, Prime Residency 1

240 is a two-bedroom apartment of 946 sqft on the 2nd floor of Prime Residency 1, a 4-storey tower in International City completed in 2010 by Prescott Investments. It last sold on 24 January 2022 for AED 485,000, or AED 512 per sqft, 19% above the AED 431 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 11 June 2021, is AED 40,000 a year: a gross yield of 8.3% on the 2022 price, before the service charge of about AED 10,400 a year.

Sales and rents for 240 over time

Sales
Unit 240, each saleTypical two-bed in Prime Residency 1
400K600K800K2009201420192024Typical sale price by year: 2009 AED 874,500; 2011 AED 885,127; 2012 AED 731,019; 2013 AED 550,000; 2014 AED 877,000; 2015 AED 837,000; 2016 AED 770,000; 2017 AED 700,000; 2022 AED 485,000; 2024 AED 570,000; 2025 AED 700,000Sold by developer, March 2012: AED 468,144 (AED 494 per sqft)Sold, January 2022: AED 485,000 (AED 512 per sqft)

240 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 240, each contractTypical two-bed in Prime Residency 1
40K60K2012201620202024Typical rent by year: 2012 AED 41,000; 2013 AED 44,100; 2014 AED 52,000; 2015 AED 62,000; 2016 AED 65,000; 2017 AED 60,000; 2018 AED 54,000; 2019 AED 47,000; 2020 AED 40,000; 2021 AED 38,000; 2022 AED 40,000; 2023 AED 44,000; 2024 AED 48,000; 2025 AED 55,000; 2026 AED 55,902New contract, June 2013: AED 42,000 a yearRenewal, June 2014: AED 50,000 a yearRenewal, June 2015: AED 53,000 a yearRenewal, June 2016: AED 53,000 a yearRenewal, June 2017: AED 53,000 a yearRenewal, June 2018: AED 53,000 a yearRenewal, June 2019: AED 48,000 a yearRenewal, June 2020: AED 40,000 a yearRenewal, June 2021: AED 40,000 a year

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

2-beds in Prime Residency 1, and where 240 sits

All 56 2-beds →

240 last sold in January 2022 at AED 512 per sqft, 19% above what two-beds in Prime Residency 1 were fetching at the time (AED 431). Over the last 12 months two-beds sold for AED 725,000 to 740,000, around AED 724 per sqft, and rent for AED 36,000 to 70,180 a year. 240's AED 40,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Aug 2026725,000
17 Nov 2025740,000
27 Oct 2025725,000
26 Aug 2025700,000
2 2-bed sales in the last 12 months

Prime Residency 1

Building

164 apartments, 1-bed to 2-bed over 4 floors in International City, completed in 2010 by Prescott Investments. 9 sold in the last 12 months.

Typical price per sqft
AED 755
Typical sale
AED 550K
Typical rent
AED 46K /yr
Typical yield
8.5%
Prime Residency 1, International City: prices, sales and rents →

Other units on the 2nd floor

All 164 units in Prime Residency 1
Value
2012-bedAED 471K · Jan 2013
2022-bedAED 840K · Jan 2015
2032-bedAED 545K · Apr 2019
2041-bedAED 313K · Jan 2013
2051-bedAED 550K · Mar 2014
2061-bedAED 550K · Nov 2025
2071-bedAED 583K · Jun 2014
1–7 of 40

240, Prime Residency 1 in numbers

  • Sold twice: first on 26 March 2012 for AED 468,144, last on 24 January 2022 for AED 485,000 (AED 512 per sqft).
  • Rented since June 2013 on 9 Ejari contracts, from AED 42,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2022 price is 8.3%, before a service charge of about AED 10,400 a year (AED 10.99 per sqft).
  • Two-beds in Prime Residency 1 sold for AED 725,000–740,000 in the 12 months to November 2026; the building's median across all types is AED 755 per sqft.

Source: Dubai Land Department. Updated 24 January 2022.

Questions about 240, Prime Residency 1

What did unit 240 last sell for?

AED 485,000 on 24 January 2022: AED 512 per sqft for 946 sqft. The unit has 2 registered sales; the first was AED 468,144 in March 2012.

What is the rent for unit 240?

AED 40,000 a year on the contract renewed on 11 June 2021. The previous contract, from June 2020, was AED 40,000; the unit has been rented since June 2013.

How big is unit 240?

946 sqft (87.9 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2010.

What is unit 240 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Prime Residency 1 sold for AED 725,000 to 740,000 in the last 12 months, around AED 724 per sqft.

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Mortgage on 240, Prime Residency 1

Starts from the last sale price (AED 485K, 24 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 485,000
Deposit, UAE resident (20%)
AED 97,000
Deposit, non-resident (40%)
AED 194,000
Monthly over 25 years at 3.7%
AED 1,984

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