Prime Residency 3
✓ Resale Available

Prime Residency 3

From AED 685,000·Completed Apr 2024·Developer payment plan available Payment
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AED 685,000
Starting Price
Apr 2024
Handover
Developer payment plan available
Payment Plan
Studio · Apartments
Type

Project Overview

Prime Residency 3 is a modern residential complex located in the central part of the Al Furjan district, from the famous Prescott Real Estate company, represented by the Golden Bridge agency. It is an architectural masterpiece that consists of a ground level, two podium levels, seven residential floors with a roof. The project includes studios and 1-bedroom apartments. Each residence is equipped with a Smart Home system, thanks to which residents can freely control lighting, air conditioning and other options. The following facilities are available to residents of Prime Residency 3: an equipped gym, a playroom for children, a swimming pool, covered parking, security and a 24/7 video surveillance system. On the territory of the residential complex there is a landscaped green area for walking and recreation. One of the leading highways of the Emirate, Sheikh Zayed Road, runs next to the complex - 4 minutes. The complex have free access to the business districts of the metropolis, socially important infrastructure and entertainment facilities. Prime Residency 3 has convenient access to Dubai Expo 2020 - 13 minutes and Dubai Al Maktoum International Airport - 13 minutes. Within walking distance there is Al Furjan metro station, grocery stores and supermarkets Spinneys, W Fresh and West Zone, Al Furjan Pavillion and Ibn Battuta Mall, Arbor schools; Al Furjan Medical Center.

Project Specifications
DeveloperPrescott
LocationAl Furjan
Unit TypesStudio, Apartments
AreaAl Furjan
OwnershipFreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 29,558 / year
Cash-on-Cash
1.8%
Levered cashflow AED 6,953
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 44,525 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Prime Residency 3 launch basis761AED 685,000Current launch / asking basis
Al Furjan ready-stock comps1,100AED 990,000Indicative resale benchmark
Al Furjan premium peer launches1,350AED 1.22MNew-launch peer set
Trophy alternative proxy1,550AED 1.40MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Prescott.

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Payment Structure

Developer payment plan available

Flexible Payment

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Amenities & Lifestyle

Children’s pool
Covered Parking
Kids Play Area
Landscaped garden
Leisure areas
Lift
Security and CCTV
Shared Pool
Shared gym & fitness
Smart home

Location

Al Furjan

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Al FurjanAl FurjanDubai, UAE

Developer Track Record

01

Prime Residency 3 by Prescott

02

Located in Al Furjan

03

Starting from AED 685,000

04

Unit mix includes Studio, Apartments

05

Expected handover: Apr 2024

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Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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