Prime Residency 3 — project image
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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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 29,558 / year
Cash-on-Cash
2.2%
Levered cashflow AED 6,953
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 315,100 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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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

Published payment summary

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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

Al Furjan

Developer and Project Facts

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

06

Official render/gallery images available

Available for Resale

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

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RERA Registered
Qualified Buyer Flow
Property Enquiries

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

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