Prime Views — project image
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Prime Views

From AED 1.39M·Completed Feb 2021·Developer payment plan available Payment
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AED 1.39M
Starting Price
Feb 2021
Handover
Developer payment plan available
Payment Plan
1 BR · Apartments
Type

Project Overview

Prime Views is a residential apartment complex by the Prescott developer in the Nad Al Sheba 1 area. The building includes a functional ground floor, four residential levels and a roof. It combines modern design with thoughtful architecture and offers residents a comfortable stay in one of the fastest growing areas of Dubai. The exterior of the complex is designed in a laconic urban style. The strict geometric shapes are complemented by panoramic glazing, which not only emphasizes the modern look of the building, but also ensures maximum penetration of natural light into the apartments. Apartments in Prime Views are available with 1 or 2 bedrooms. The interior is finished using premium materials. Residents of the complex can use the temperature‑controlled swimming pool, fitness center, playgrounds, barbecue areas and landscaped gardens. There are shops and cafes on site, and security is provided by round-the-clock security and a video surveillance system. Dubai's key locations are located next to Prime Views: Dubai Mall is about a 12—minute drive away, Palm Jumeirah Island is a 20-minute drive away, and Dubai International Airport is just an 18-minute drive away. The proximity to the highways Al Khail Road and Sheikh Mohammed bin Zayed Road guarantees convenient transport accessibility to other areas of the city.

Project Specifications
DeveloperPrescott
LocationMeydan (Nad Al Sheba 1)
Unit Types1 BR, Apartments
AreaMeydan (Nad Al Sheba 1)
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 59,979 / year
Cash-on-Cash
2.2%
Levered cashflow AED 14,109
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 639,400 / 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

BBQ
Central A/C
Dining outlets (coffee houses & restaurants)
Kids Play Area
Lobby
Security and CCTV
Shared gym & fitness
Sitting Area
Social zone
Temperature-Controlled Swimming Pool

Location

Meydan (Nad Al Sheba 1)

Nearby Destinations

Meydan (Nad Al Sheba 1)

Developer and Project Facts

01

Prime Views by Prescott

02

Located in Meydan (Nad Al Sheba 1)

03

Starting from AED 1,390,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Feb 2021

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

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

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RERA Registered
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Property Enquiries

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

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