Aethoras Global Investment Advisory

AL FURJAN · TOWER FILE

Prime Residency 3

A completed, freehold residential building by Prescott in Al Furjan. This is an independent market file: real transaction prices, service charges, and an honest read on what the numbers say. Updated quarterly.

SECONDARY MARKETHANDED OVER 2023FREEHOLD292 UNITS
What is a unit worth today?See every recorded sale
AL FURJAN

Last updated 12 August 2026 Next update Q4 2026

QUARTERLY

What changed this quarter

Q3 2026 update, published 12 August 2026.

  • Two further studio sales recorded, at AED 687,500 in August and AED 620,000 in July, keeping the twelve month band intact at AED 620,000 to 730,000.
  • Registered studio rents softened again, now roughly 12% below the same period last year, as new Al Furjan supply completed.
  • Etihad Rail's Dubai station at Jumeirah Golf Estates remains scheduled for 30 September 2026. We will confirm the opening in the Q4 file rather than assume it.
  • No change to the approved service charge that we are aware of. The figure remains unpublished at building level.

Each quarter we republish this file with new transactions, rent movement and any regulatory change. Nothing is quietly edited: superseded figures stay dated so you can see how the market moved.

THE BUILDING TODAY

Prime Residency 3 today: delivered, occupied, trading

This is no longer an off-plan project. Prime Residency 3 has been delivered, occupied and trading for three years.

Prime Residency 3 was completed and handed over in 2023. Construction ran from June 2021 to June 2023. It is now a live, occupied building trading as ready secondary stock. Units change hands between owners, tenants are already in place, service charges are being billed, and there is a visible transaction record you can read below. Anyone advising you on this building from a brochure is advising you on a building that no longer exists in that form.

The delivered lobby. Every photograph on this page is of the finished building, not a developer render.

Delivered studio: furnished, fitted kitchen, finished bathroom. This is what a unit looks like on handover day, which is a different question from what it is worth.

RENTAL YIELD

Prime Residency 3 rental yield, calculated in the open

We will not print a headline yield percentage on a page that will outlive the market it describes. Instead, here is the arithmetic, so you can run it against a real rent on the day you are buying.

The calculation

Gross yield = annual rent ÷ purchase price.

Net yield = (annual rent − service charge − management fee − insurance − expected void weeks − maintenance) ÷ (purchase price + 4% DLD transfer + agency fee). Net is the only number that pays for anything.

What studios rent for in Prime Residency 3

Registered rental contracts in this building average around AED 53,100 a year for a studio, with listings spread between AED 43,000 and 65,000 and most furnished units concentrated around AED 50,000 to 55,000. One hundred and forty new rental contracts were registered in the building over the last twelve months, so this is a liquid rental market, not a thin one. For area context, Al Furjan studios averaged AED 49,092 across 1,188 contracts in 2025.

The gross yield, computed in the open

Recorded sale prices of AED 620,000 to 730,000 against achieved rents of AED 49,000 to 55,000 give you:

  • Conservative: AED 49,000 on a AED 730,000 purchase is about6.7%
  • Middle: AED 53,000 on a AED 650,000 purchase is about8.2%
  • Optimistic: AED 55,000 on a AED 620,000 purchase is about8.9%

So roughly 6.7% to 8.9% gross, centring near 8%, before service charges. Deduct the AED 12 to 18 per square foot charge and you lose approximately a point, putting realistic net returns in the region of 6% to 8% depending on what you pay and what you achieve. That is a solid mid-market yield in a metro-served district. It is not the "up to 12%" that appears in some marketing for this address, and we would rather you hear that here than after you buy.

The honest counterweight. Registered studio rents in this building are down roughly 12% over the last twelve months, and listing prices are off about 7% over six months. That is not distress. It is what happens when initial post-handover lease premiums normalise and a large pipeline of comparable studios completes nearby. Anyone quoting you a yield off a 2024 rent is quoting you a number the market has already moved past.

Two further things to weigh before you accept anyone's yield figure. Furnished units in this building generally command a premium and turn over faster, which changes both the rent and the void assumption. And short-term letting produces a different number again, with different costs and a different risk profile. Ask which one a quoted yield refers to, because the gap between them is wide.

Have us run the net numbers on a specific unit

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PAYMENT PLAN

Is there still a payment plan for Prime Residency 3?

This is one of the most searched questions about this building, and the honest answer has two halves.

The developer construction payment plan no longer exists. Those 20/20/60 and post-handover schedules belonged to the off-plan phase, which ended when the building was delivered in 2023. Any page still advertising one is describing a product that is no longer for sale.

Instalment terms do sometimes exist on resale, and they come from the seller, not the developer. Where an original buyer is still paying down a developer instalment plan, that balance can occasionally transfer with the unit, and some private sellers will structure a staged completion. Both are negotiated case by case, both require the Land Department's process to be followed properly, and neither is advertised. If a payment structure matters to you here, it is a question to ask before you shortlist units rather than after.

Mortgage finance is the more common route on a completed building of this age, subject to the usual bank thresholds and the property valuation.

Ask what is currently possible on a specific unit

BUILDING FACTS

Prime Residency 3 building facts, amenities and floor plans

2023

Handed over

292

Units

G+2P+7

Structure

4

Elevators

322

Parking spaces

342,573

Built-up sq ft

Structure is permitted and marketed as G+2P+7: ground, two podium levels and seven residential floors. Some listing sites state ten or eleven storeys, which counts podium and ground levels. Unit mix is studios and one-bedroom apartments, with occasional larger configurations.

What comes with a unit

  • Furnished by the developer in most studio configurations, which matters more than it sounds: a furnished unit lets in a different tenant pool and shortens void periods.
  • One allocated parking space per unit.
  • Balcony or terrace, central air conditioning, shared pool.
  • Freehold title. Al Furjan is a designated freehold district, so ownership is open to all nationalities.

Prime Residency 3 amenities and photos

Pool deck, gym, residents' lounge, children's play area, podium garden, and the outlook from an upper floor. Amenity quality matters here for a practical reason: it is what lets a furnished studio hold its rent against the wave of new studios completing nearby.

Prime Residency 3 floor plans and studio sizes

Studio Type B: bedroom and living space of roughly 4.9 by 4.5 metres opening onto a balcony of about 1.8 by 3.1 metres, with the kitchen and bathroom arranged along the entry wall.

Recorded studio sizes in the Land Department data cluster between 380 and 461 square feet, so the plans on this page are representative rather than universal. Ask for the specific unit's plan before you price it.

The developer

Prescott Real Estate Development, registered with the Dubai Land Department as Developer No. 1207. Roughly ten registered projects across Al Furjan, Arjan, JVC, Meydan and Studio City, of which four show as complete in DLD records: Prime Residency 3, Prime Views, Prime Gardens and Prime Townhouses.

On this building specifically, the marketed handover was mid-2023 and delivery landed in mid-2023, so there is no evidence of a material delay here. On the wider record we will be precise rather than flattering: no public delay judgment or regulatory penalty against Prescott was found, but DLD does not publish on-time delivery statistics for this developer, and absence of a public record is not the same as a verified clean one. If you are considering one of their off-plan projects rather than this completed one, that distinction matters.

THE RECORD

Prime Residency 3 sale prices: every recorded transaction

Studio sales recorded in Prime Residency 3 over the last twelve months. Prices are as transacted, not as asked.

DatePrice (AED)Size (sq ft)AED / sq ftStatus at sale
5 Aug 2026687,5004131,665Vacant
18 Jul 2026620,0004451,393Vacant
7 Jul 2026709,0004281,656Rented
20 May 2026680,0004121,650Vacant
9 Mar 2026730,0004181,746Rented
11 Feb 2026670,0004611,453Rented
5 Feb 2026698,0003801,837Vacant
15 Jan 2026675,0003991,692Vacant
25 Dec 2025650,0004311,508Vacant
17 Dec 2025700,0004191,671Rented
15 Dec 2025670,0004311,554Rented
10 Dec 2025685,0004241,616Rented
10 Dec 2025685,0004221,623Rented
10 Nov 2025635,0004191,516Vacant
4 Oct 2025700,0004281,636Rented
2 Oct 2025645,0003931,641Vacant
23 Sep 2025720,0004271,686Rented
22 Sep 2025670,0004221,588Vacant
18 Sep 2025680,0004121,650Vacant
9 Sep 2025712,0004131,724Vacant
6 Aug 2025660,0004221,564Vacant

Source: publicly recorded transactions via Bayut / Dubai Land Department, compiled 11 August 2026. One further studio sale at AED 471,000 (19 February 2026) has been excluded from this table and from the averages below: at AED 1,119 per square foot it sits far outside every other trade in the building and does not represent an arm's length market price. We would rather show you the exclusion than quietly average it in.

Where does your unit sit in this table?

Tell us the size and floor and we will come back with a written view: what it is worth today against these comparables, what it would rent for, and whether selling or holding is the better call this year.

Goes straight to WhatsApp. No forms, no mailing list, no obligation.

What the record actually says

  • Studios cluster between AED 1,550 and 1,750 per square foot. Twenty-one recorded sales over twelve months, with the middle of the range around AED 1,640.
  • The absolute price band is tight: AED 620,000 to 730,000. For a completed, furnished, freehold studio in a metro-served Dubai community, that is a narrow and readable market. Narrow bands are good news for both sides of a trade: they make valuation arguments short.
  • Smaller units carry a higher rate per square foot. The 380 sq ft unit traded at AED 1,837 per sq ft while the 461 sq ft unit traded at AED 1,453. Buyers here are pricing the entry ticket, not the floor area. If you are selling a larger studio, price it on the total, not the rate.
  • Roughly half of all sales were tenanted at the time of sale. That tells you the buyer pool is genuinely investor-led rather than end-user led, and that units are transacting without waiting for vacancy.
  • Prices have been broadly flat to slightly firmer over the year. Late 2025 trades sat around AED 1,550 to 1,650 per sq ft; 2026 trades sit around AED 1,650 to 1,750. That is a modest firming, not a spike, and it is exactly what a delivered building looks like once the initial handover churn clears.

Asking prices are not transaction prices

Worth separating, because most pages blur the two. Portal asking averages for studios in this building currently sit around AED 1,250 to 1,310 per square foot, which is below the top of the recorded-sale range above. Portals also quote roughly 20% year-on-year growth, but that is a computed movement in asking prices, not a Land Department transaction index, and it should not be presented as verified capital appreciation.

For context on the wider market: Al Furjan apartments overall averaged about AED 1,281 per square foot across 873 resale transactions in 2025, up roughly 15% on 2024. Studios in this building trade at or slightly above that community average, which is what you would expect for small, furnished, metro-served stock.

SERVICE CHARGES

Prime Residency 3 service charges

The line nobody puts in a brochure, and the one that quietly decides your net return.

There is no published building-specific figure we are willing to print as fact. Approved service charges are held in the Land Department's Mollak system and require a live lookup by project. What we can say honestly: Al Furjan apartment buildings of this age and type sit in the AED 12 to 18 per square foot band. On a 420 sq ft studio that is roughly AED 5,000 to 7,600 a year, or about one full percentage point off your gross yield. Ignore the AED 0.8 and AED 5 per square foot figures that circulate for Al Furjan: those are master-community villa charges, not apartment tower charges, and using them will flatter your model by a wide margin.

Every owner should confirm the current rate directly. Dubai Land Department publishes approved service charges per building through the Mollak system, and the figure is reset annually. A building whose charges drift upward year after year is a different investment from the one you bought, and it is worth checking the trend rather than the single number.

Ask us for the current approved rate

LOCATION

Al Furjan location, metro and connectivity

Al Furjan is a master planned district in southern Dubai, between Sheikh Zayed Road and Mohammed Bin Zayed Road, served by the Route 2020 metro extension. The area's case is straightforward: it is one of the last well-connected districts in Dubai where a completed freehold studio still trades below AED 750,000.

Read the full Al Furjan area file: prices, yields, service charges and supply

RETAIL & LEISURE

  • Al Furjan Pavilion West8 min
  • Ibn Battuta Mall12 min
  • Dubai Marina20 min

SCHOOLS

  • The Arbor School8 min
  • Ghaf Private School12 min
  • Dubai British School20 min

HEALTHCARE

  • Fakeeh Medicentres8 min
  • Medcare Medical Centre8 min
  • NMC Specialty Hospital12 min

The metro, accurately

Al Furjan Metro Station sits on the Red Line's Route 2020 extension and opened in January 2021. It is the real transit anchor for this building. One correction to the marketing you will read elsewhere: the widely repeated "three minutes to the metro" refers to driving. The station is roughly 1.5 to 2 kilometres from this apartment cluster, which is a short drive or feeder bus, not a walk. Treat it as car-and-feeder access, and price the asset accordingly.

Etihad Rail, in proportion

Dubai's Etihad Rail passenger station sits at Jumeirah Golf Estates, roughly 5 to 6 kilometres from here, opening on 30 September 2026. It is a genuine gain for southern Dubai: intercity rail to Abu Dhabi, Sharjah and Fujairah from a corridor that until now had none, reachable in a short drive from Al Furjan.

One point worth stating precisely, because some listings blur it: the station serves the wider southern corridor rather than sitting inside Al Furjan, and the link is by road rather than on foot. Taken together with Al Furjan Metro on the Red Line, the practical result is a district with unusually good transport optionality for its price band, and one more reason the area keeps drawing tenants.

Our position on infrastructure generally: buy an asset that works on today's numbers, and treat future connectivity as upside you did not pay for. Assets bought purely on an announced project are exposed to that project's timeline, and timelines move.

THE VERDICT

Is Prime Residency 3 a good investment?

It works for

  • Yield-focused investors buying a completed, furnished, tenant-ready unit rather than a construction risk.
  • First-time Dubai buyers who want a readable entry price and a visible transaction record to price against.
  • Portfolio builders assembling several small units, where the combined value can be structured toward the AED 2 million Golden Visa threshold.

It does not work for

  • Anyone buying a single studio expecting the ten-year Golden Visa. At these prices, one unit sits well below the AED 2 million property threshold.
  • Buyers who need capital growth on a short horizon. This is an income asset in a district that is still filling in; the transaction record shows firmness, not a spike.
  • Anyone who wants prime-address prestige. Al Furjan is a well-run suburban community, and that is precisely the point of the price.
  • Anyone underwriting on last year's rent. See the supply note below before you model this.

The risk we would want stated to us

Al Furjan is in a heavy delivery phase. Brokerage research counts more than sixty off-plan launches in the community with handovers running through 2028, and upwards of two thousand units expected by 2027, weighted toward apartments and heavily toward studios and one-beds. That is the same product this building rents.

The effect is already visible rather than theoretical: registered studio rents in this building are down about 12% year on year. A furnished studio with real amenities and an established building competes well against a brand new one, but it competes. Underwrite this asset on the rent it achieves today, assume a realistic void, and treat any rental growth before 2028 as a bonus rather than a plan.

The second risk is smaller and worth knowing: parts of Al Furjan remain a genuine fifteen to twenty-five minute walk from the metro, and some construction is ongoing across neighbouring plots. Visit at the hour you would actually leave for work.

QUESTIONS

Prime Residency 3: frequently asked questions

Is Prime Residency 3 off-plan or completed?

Completed and handed over in 2023, after construction from June 2021. It trades on the secondary market. Pages presenting it as an off-plan launch with a construction payment plan are out of date.

What do studios sell for?

Between AED 620,000 and AED 730,000 over the last twelve months, clustering around AED 1,550 to 1,750 per square foot. The full record with dates and sizes is above. Launch-era figures such as "from AED 368,000" no longer reflect the market.

What do studios rent for, and what does that yield?

Registered rental contracts average about AED 53,100 a year, with most furnished units between AED 50,000 and 55,000. Against current sale prices that is roughly 6.7% to 8.9% gross, centring near 8%, and about a point lower after service charges.

Is there an Etihad Rail station in Al Furjan?

No. Dubai's Etihad Rail passenger station is at Jumeirah Golf Estates, roughly 5 to 6 kilometres away, scheduled to open on 30 September 2026. Al Furjan is served by Al Furjan Metro Station on the Red Line.

What are the service charges?

No building-specific figure is published openly. Comparable Al Furjan apartment buildings sit in the AED 12 to 18 per square foot band, which is roughly AED 5,000 to 7,600 a year on a typical studio. Confirm the current approved rate through the Land Department's Mollak system before you buy.

Is it freehold, and can any nationality buy?

Yes. Al Furjan is a designated freehold district, open to all nationalities.

Does a studio here qualify for the Golden Visa?

Not on its own. The ten-year property route requires AED 2 million or more, so a single studio at these prices falls short. Combined ownership across multiple properties can reach the threshold, subject to the rules in force when you apply.

Can I buy remotely?

Yes, with a notarised power of attorney and standard compliance checks. Most of our clients complete without being in the country.

TWO WAYS TO USE THIS

Two ways to use this

If you own here

We track every trade in this building. Tell us your unit, floor and size, and we will send you a written view of what it is worth today, what it would rent for, and what a realistic sale timeline looks like. No obligation, and we will tell you if holding is the better call.

Request a valuation view

If you want to buy here

Units in this building move quietly, often before they are listed. Join the notification list and we will contact you when a unit matching your size and price appears, with the transaction context behind it rather than a brochure.

Join the buyer list

WHY THIS DESK

Why this desk, on this building

Aethoras and its advisors have bought, sold, leased and rented in Prime Residency 3 directly, not through an intermediary. We have held units here, placed tenants here, and been on both sides of a resale in this exact building. That is why the numbers on this page exist at unit level instead of portal level, and why the analysis reads like something written by people who have signed the paperwork.

We also rate it highly. For what it sets out to do, a completed, furnished, income-producing studio at an entry price the community's newer stock cannot match, we consider it one of the strongest buildings in Al Furjan. That is an opinion, formed from our own transactions, and we hold it while telling you plainly about the rent softening and the supply pipeline above.

Whatever you are weighing here, a purchase, a sale, a tenant, or simply a second opinion on a number someone has quoted you, we are glad to talk it through. No obligation, no pressure, and if the honest answer is that this is not the right moment, we will tell you that too.

This page is market intelligence for general information only. It does not constitute legal, tax, immigration or investment advice, is not an offer or solicitation, and is not an advertisement for any specific property. Transaction figures are compiled from publicly recorded sales and are accurate as at the date shown. Service charges, rents and programme rules change; verify current figures before making any decision. Aethoras owns and transacts in this building. aethoras.com

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