Prime Views
✓ Resale Available

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
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 59,979 / year
Cash-on-Cash
1.8%
Levered cashflow AED 14,109
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 90,350 / 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 Views launch basis1,544AED 1.39MCurrent launch / asking basis
Meydan (Nad Al Sheba 1) ready-stock comps1,700AED 1.53MIndicative resale benchmark
Meydan (Nad Al Sheba 1) premium peer launches2,100AED 1.89MNew-launch peer set
Trophy alternative proxy2,600AED 2.34MHigher-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

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 Racecourse — 2 mins
Downtown Dubai — 10 mins
Dubai Mall — 12 mins
Business Bay — 8 mins
Meydan (Nad Al Sheba 1)Meydan (Nad Al Sheba 1)Dubai, UAE

Developer Track Record

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

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