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

240, Prime Residency 2

Sold prices and rental history: sold 4 times, last in November 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 240 · DLD and Ejari recordsUpdated 28 December 2024
Last soldAED 680K18 November 2024
Current rentAED 50K /yr28 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 240, Prime Residency 2

What is 240 worth today?

Last sold for AED 680,000 in 2024

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28 Dec 2024RentedNew contract
AED 50,000/yr12 months · AED 53 per sqft
18 Nov 2024SoldReady
AED 680,000AED 718 per sqft
2 May 2021RentedRenewal
AED 38,000/yr48 months · AED 40 per sqft
2 May 2018RentedRenewal
AED 48,000/yr36 months · AED 51 per sqft
2 May 2017RentedNew contract
AED 50,000/yr12 months · AED 53 per sqft
2 May 2014RentedNew contract
AED 48,000/yr12 months · AED 51 per sqft
14 Apr 2013SoldReady
AED 585,000AED 618 per sqft
11 Sep 2012SoldReady
AED 860,000AED 909 per sqft

Source: Dubai Land Department. Updated 28 December 2024.

Key facts

Type
2-bed apartment
Size
946 sqft
Floor
2nd of 4
Parking
B-116
Developer
Prescott Investments
Completed
2010
Service charge
AED 10,100 /yr
Last sold
AED 680K · November 2024
Building
Prime Residency 2

About 240, Prime Residency 2

240 is a two-bedroom apartment of 946 sqft on the 2nd floor of Prime Residency 2, a 4-storey tower in International City completed in 2010 by Prescott Investments. It last sold on 18 November 2024 for AED 680,000, or AED 718 per sqft, 13% above the AED 633 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 28 December 2024, is AED 50,000 a year: a gross yield of 7.3% on the 2024 price, before the service charge of about AED 10,100 a year.

Sales and rents for 240 over time

Sales
Unit 240, each saleTypical two-bed in Prime Residency 2
600K800K2009201420192024Typical sale price by year: 2009 AED 874,500; 2011 AED 559,103; 2012 AED 853,000; 2013 AED 590,000; 2014 AED 840,000; 2015 AED 795,000; 2017 AED 567,500; 2022 AED 493,000; 2023 AED 560,000; 2024 AED 640,000; 2025 AED 550,000; 2026 AED 715,000Sold by developer, May 2009: AED 860,000 (AED 909 per sqft)Sold, September 2012: AED 860,000 (AED 909 per sqft)Sold, April 2013: AED 585,000 (AED 618 per sqft)Sold, November 2024: AED 680,000 (AED 718 per sqft)

240 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 240, each contractTypical two-bed in Prime Residency 2
40K60K2012201620202024Typical rent by year: 2012 AED 40,000; 2013 AED 45,000; 2014 AED 60,000; 2015 AED 67,000; 2016 AED 65,500; 2017 AED 61,000; 2018 AED 55,000; 2019 AED 48,000; 2020 AED 40,000; 2021 AED 38,000; 2022 AED 40,350; 2023 AED 45,000; 2024 AED 49,000; 2025 AED 53,000; 2026 AED 60,000New contract, May 2014: AED 48,000 a yearNew contract, May 2017: AED 50,000 a yearRenewal, May 2018: AED 48,000 a yearRenewal, May 2021: AED 38,000 a yearNew contract, December 2024: AED 50,000 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 2, and where 240 sits

All 56 2-beds →

240 last sold in November 2024 at AED 718 per sqft, 13% above what two-beds in Prime Residency 2 were fetching at the time (AED 633). Over the last 12 months two-beds sold for AED 660,000 to 750,000, around AED 760 per sqft, and rent for AED 30,000 to 74,000 a year. 240's AED 50,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Sep 2026660,000
18 Aug 2026680,000
18 May 2026750,000
5 Jan 2026750,000
5 2-bed sales in the last 12 months

Prime Residency 2

Building

164 apartments, 1-bed to 2-bed over 4 floors in International City, completed in 2010 by Prescott Investments. 13 sold in the last 12 months.

Typical price per sqft
AED 760 Up 10.6%
Typical sale
AED 550K
Typical rent
AED 45K /yr
Typical yield
8.5%
Prime Residency 2, International City: prices, sales and rents →

Other units on the 2nd floor

All 164 units in Prime Residency 2
Value
2012-bedAED 612K · Oct 2013
2022-bedAED 640K · Oct 2024
2032-bedAED 720K · Nov 2025
2041-bedAED 470K · Aug 2025
2051-bedAED 315K · May 2022
2061-bedAED 300K · Feb 2021
2071-bedAED 480K · Dec 2025
1–7 of 40

240, Prime Residency 2 in numbers

  • Sold 4 times: first on 10 May 2009 for AED 860,000, last on 18 November 2024 for AED 680,000 (AED 718 per sqft).
  • Rented since May 2014 on 5 Ejari contracts. The rent fell from AED 48,000 to AED 38,000 in 2021 and recovered to AED 50,000 by December 2024.
  • At AED 50,000 a year the gross yield on the 2024 price is 7.3%, before a service charge of about AED 10,100 a year (AED 10.70 per sqft).
  • Two-beds in Prime Residency 2 sold for AED 660,000–750,000 in the 12 months to November 2026; the building's median across all types is AED 760 per sqft.

Source: Dubai Land Department. Updated 28 December 2024.

Questions about 240, Prime Residency 2

What did unit 240 last sell for?

AED 680,000 on 18 November 2024: AED 718 per sqft for 946 sqft. The unit has 4 registered sales; the first was AED 860,000 in May 2009.

What is the rent for unit 240?

AED 50,000 a year on the contract signed on 28 December 2024. The previous contract, from May 2021, was AED 38,000; the unit has been rented since May 2014.

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 2 sold for AED 660,000 to 750,000 in the last 12 months, around AED 760 per sqft.

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Mortgage on 240, Prime Residency 2

Starts from the last sale price (AED 680K, 18 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 680,000
Deposit, UAE resident (20%)
AED 136,000
Deposit, non-resident (40%)
AED 272,000
Monthly over 25 years at 3.7%
AED 2,782

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