Prime Residency 3
by Prescott Real Estate Development · 📍 Al Furjan
Price from
AED 525,000
Prime Residency 3 is a project by Prescott Real Estate Development in Al Furjan, Dubai. Prices start from AED 525,000. It offers Studio and 1 Bedroom. Prescott Real Estate Development states handover in March 2024. It was 100% built at the official RERA site inspection of 6 December 2024.
About the project
Prime Residency 3 is situated in one of Dubai's most vibrant areas - Al Furjan, offering luxurious yet affordable homes. Interested buyers can choose from studio, 1 and 2-bedroom apartments in this building. This off-plan development by Prescott features a range of unique amenities, setting it apart from other projects in the vicinity. Residents can enjoy facilities, such as a swimming pool, gym, outdoor seating area, children's pool, communal lounge, games room and rooftop garden. Additionally, the nearby metro station provides convenient access to major city attractions, including Dubai Marina, Dubai International Airport, Mall of the Emirates and Dubai Mall.
Construction progress
Finished100% complete at the latest RERA site inspection on 6 Dec 2024; completed 6 Dec 2024.
Project register as of 16 Oct 2026.
| Inspection | Complete | Photos |
|---|---|---|
| 6 Dec 2024 | 100% | 11 |
| 30 Apr 2024 | 90.76% | 8 |
| 18 Dec 2023 | 75.32% | 10 |
| 5 Oct 2023 | 63.04% | 10 |
| 17 Jul 2023 | 52.36% | 10 |
| 13 Mar 2023 | 40.06% | 10 |
| 31 Oct 2022 | 28.08% | 10 |
| 18 May 2022 | 20.2% | 8 |
Official RERA site-inspection records for registered project #2276, updated daily. Tap a photo for the full-size original.
Amenities
How it compares in Al Furjan
50 other off-plan projects in Al Furjan · average entry price AED 1.23M · this project is 57% below that average
Prime Residency 3: questions and answers
What is the starting price of Prime Residency 3?
Prices at Prime Residency 3 start from AED 525,000, for homes from 353 sqft (33 m²), as published by Prescott Real Estate Development.
What is the payment plan for Prime Residency 3?
The payment plan published by Prescott Real Estate Development for Prime Residency 3 is: 20% down, 20% pre-handover, 60% handover.
When is the handover of Prime Residency 3?
Prescott Real Estate Development states handover of Prime Residency 3 in March 2024. The Dubai Land Department project register lists the completion date of the project as December 2024.
How much of Prime Residency 3 is built?
Prime Residency 3 was 100% complete at the official RERA site inspection of 6 December 2024.
Is Prime Residency 3 registered with the Dubai Land Department?
Yes. Prime Residency 3 is registered with the Dubai Land Department as project number 2276, and its escrow account is held at Mashreq Bank Psc. By law, buyers' payments for an off-plan home in Dubai go into the project's escrow account.
Who is the developer of Prime Residency 3?
Prime Residency 3 is developed by Prescott Real Estate Development. The Dubai Land Department project register lists 16 projects for Prescott Real Estate Development: 9 delivered and 6 under construction.
Where is Prime Residency 3 located?
Prime Residency 3 is in Al Furjan (Prime Residency 3), Dubai.
What unit types does Prime Residency 3 offer?
Prime Residency 3 offers Studio and 1 Bedroom, with sizes from 353 sqft (33 m²). The project has 292 units in the Dubai Land Department project register.
How does Prime Residency 3 compare with other off-plan projects in Al Furjan?
The starting price of Prime Residency 3 (AED 525,000) is 57% below the average starting price of 14 other off-plan projects in Al Furjan, which is AED 1.23M.
What is the average price per sqft in Al Furjan?
Apartments in Al Furjan sell for about AED 1,284/sqft (AED 13,821/m²), based on 635 registered sales in the last 12 months.
What rental yield can I expect in Al Furjan?
Apartments in Al Furjan yield about 7.0% gross, or about 5.7% net after service charges, based on 5,426 registered rent contracts and 635 sales in the last 12 months.
What are the service charges in Al Furjan?
Service charges for apartments in Al Furjan are about AED 15.77/sqft (AED 170/m²) a year, per an independent third-party source. The exact rate depends on the building, so confirm it with the developer before buying.
What amenities does Prime Residency 3 have?
Prime Residency 3 lists these amenities: Cafeteria or Canteen, Gym or Health Club, Nearby Shopping Malls and Swimming Pool.
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Source: live new-projects feed. Prices are "starting from" figures where published. Always verify with the developer before transacting. Project details last checked on 6 Dec 2024.