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1-bed · 616 sqftPrime Residency 2, International City · 4th floor · completed 2010

408, Prime Residency 2

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 29 August 2024
Last soldAED 400K29 August 2024
Current rentAED 32K /yr30 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Prime Residency 2

What is 408 worth today?

Last sold for AED 400,000 in 2024

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29 Aug 2024SoldReady
AED 400,000AED 649 per sqft
30 Jun 2023RentedNew contract
AED 32,000/yr12 months · AED 52 per sqft
10 May 2022RentedNew contract
AED 28,000/yr12 months · AED 46 per sqft
29 Feb 2020RentedRenewal
AED 32,000/yr12 months · AED 52 per sqft
28 Feb 2019RentedRenewal
AED 35,897/yr12 months · AED 59 per sqft
28 Feb 2018RentedNew contract
AED 42,000/yr12 months · AED 68 per sqft
5 Dec 2016RentedRenewal
AED 50,000/yr12 months · AED 81 per sqft
5 Dec 2015RentedNew contract
AED 53,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 29 August 2024.

Key facts

Type
1-bed apartment
Size
616 sqft
Floor
4th of 4
Parking
B-02
Developer
Prescott Investments
Completed
2010
Service charge
AED 6,600 /yr
Last sold
AED 400K · August 2024
Building
Prime Residency 2

About 408, Prime Residency 2

408 is a one-bedroom apartment of 616 sqft on the 4th floor of Prime Residency 2, a 4-storey tower in International City completed in 2010 by Prescott Investments. It last sold on 29 August 2024 for AED 400,000, or AED 649 per sqft, 20% above the AED 540 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, signed on 30 June 2023, is AED 32,000 a year: a gross yield of 8.0% on the 2024 price, before the service charge of about AED 6,600 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical one-bed in Prime Residency 2
400K600K2009201420192024Typical sale price by year: 2009 AED 579,000; 2011 AED 567,500; 2012 AED 569,500; 2013 AED 462,500; 2014 AED 575,000; 2015 AED 535,000; 2016 AED 510,000; 2017 AED 475,000; 2018 AED 382,500; 2019 AED 342,500; 2020 AED 320,000; 2021 AED 305,000; 2022 AED 315,000; 2023 AED 350,000; 2024 AED 400,000; 2025 AED 442,500; 2026 AED 500,000Sold by developer, June 2009: AED 598,000 (AED 970 per sqft)Sold, April 2012: AED 598,000 (AED 970 per sqft)Sold, August 2024: AED 400,000 (AED 649 per sqft)

408 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 408, each contractTypical one-bed in Prime Residency 2
40K2012201620202024Typical rent by year: 2012 AED 31,000; 2013 AED 34,050; 2014 AED 44,000; 2015 AED 50,000; 2016 AED 50,000; 2017 AED 46,000; 2018 AED 40,500; 2019 AED 34,000; 2020 AED 28,000; 2021 AED 26,000; 2022 AED 28,775; 2023 AED 31,625; 2024 AED 35,710; 2025 AED 40,000; 2026 AED 43,000New contract, October 2012: AED 30,000 a yearNew contract, October 2014: AED 42,000 a yearNew contract, December 2015: AED 53,000 a yearRenewal, December 2016: AED 50,000 a yearNew contract, February 2018: AED 42,000 a yearRenewal, February 2019: AED 35,897 a yearRenewal, February 2020: AED 32,000 a yearNew contract, May 2022: AED 28,000 a yearNew contract, June 2023: AED 32,000 a year

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

1-beds in Prime Residency 2, and where 408 sits

All 108 1-beds →

408 last sold in August 2024 at AED 649 per sqft, 20% above what one-beds in Prime Residency 2 were fetching at the time (AED 540). Over the last 12 months one-beds sold for AED 320,000 to 550,000, around AED 758 per sqft, and rent for AED 32,000 to 55,000 a year. 408's AED 32,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Oct 2026550,000
17 Aug 2026500,000
3 Aug 2026500,000
27 Dec 2025550,000
8 1-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 4th floor

All 164 units in Prime Residency 2
Value
4012-bedAED 550K · Mar 2025
4022-bedAED 675K · Dec 2024
4032-bedAED 849K · Apr 2012
4041-bedAED 155K · May 2024
4051-bedAED 300K · Nov 2021
4061-bedAED 500K · Aug 2026
4071-bedAED 535K · May 2016
1–7 of 40

408, Prime Residency 2 in numbers

  • Sold 3 times: first on 3 June 2009 for AED 598,000, last on 29 August 2024 for AED 400,000 (AED 649 per sqft).
  • Rented since October 2012 on 9 Ejari contracts, from AED 30,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2024 price is 8.0%, before a service charge of about AED 6,600 a year (AED 10.70 per sqft).
  • One-beds in Prime Residency 2 sold for AED 320,000–550,000 in the 12 months to November 2026; the building's median across all types is AED 760 per sqft.

Source: Dubai Land Department. Updated 29 August 2024.

Questions about 408, Prime Residency 2

What did unit 408 last sell for?

AED 400,000 on 29 August 2024: AED 649 per sqft for 616 sqft. The unit has 3 registered sales; the first was AED 598,000 in June 2009.

What is the rent for unit 408?

AED 32,000 a year on the contract signed on 30 June 2023. The previous contract, from May 2022, was AED 28,000; the unit has been rented since October 2012.

How big is unit 408?

616 sqft (57.2 sqm): a one-bedroom apartment on the 4th floor of a 4-storey tower completed in 2010.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Prime Residency 2 sold for AED 320,000 to 550,000 in the last 12 months, around AED 758 per sqft.

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Mortgage on 408, Prime Residency 2

Starts from the last sale price (AED 400K, 29 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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