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2-bed · 968 sqftPrime Residency 1, International City · 4th floor · completed 2010

409, Prime Residency 1

Sold prices and rental history: sold 4 times, last in February 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 1 August 2022
Last soldAED 750K19 February 2017
Current rentAED 43K /yr1 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Prime Residency 1

What is 409 worth today?

Last sold for AED 750,000 in 2017

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1 Aug 2022RentedNew contract
AED 43,000/yr12 months · AED 45 per sqft
1 Apr 2020RentedRenewal
AED 20,000/yr24 months · AED 21 per sqft
1 Apr 2019RentedNew contract
AED 43,000/yr12 months · AED 44 per sqft
19 Feb 2017SoldReady
AED 750,000AED 774 per sqft
1 Jan 2015RentedNew contract
AED 66,000/yr12 months · AED 68 per sqft
26 Jan 2014RentedNew contract
AED 50,000/yr12 months · AED 52 per sqft
24 Feb 2013RentedNew contract
AED 50,000/yr12 months · AED 52 per sqft
30 Jul 2012SoldReady
AED 470,000AED 485 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2022.

Key facts

Type
2-bed apartment
Size
968 sqft
Floor
4th of 4
Parking
B-01
Developer
Prescott Investments
Completed
2010
Service charge
AED 10,600 /yr
Last sold
AED 750K · February 2017
Building
Prime Residency 1

About 409, Prime Residency 1

409 is a two-bedroom apartment of 968 sqft on the 4th floor of Prime Residency 1, a 4-storey tower in International City completed in 2010 by Prescott Investments. It last sold on 19 February 2017 for AED 750,000, or AED 774 per sqft, in line with the AED 773 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 1 August 2022, is AED 43,000 a year: a gross yield of 5.7% on the 2017 price, before the service charge of about AED 10,600 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical two-bed in Prime Residency 1
400K600K800K20092013201720212025Typical sale price by year: 2009 AED 874,500; 2011 AED 874,000; 2012 AED 731,019; 2013 AED 550,000; 2014 AED 850,000; 2015 AED 837,000; 2016 AED 770,000; 2017 AED 700,000; 2022 AED 485,000; 2024 AED 590,000Sold by developer, June 2009: AED 766,070 (AED 791 per sqft)Sold, March 2012: AED 766,070 (AED 791 per sqft)Sold, July 2012: AED 470,000 (AED 485 per sqft)Sold, February 2017: AED 750,000 (AED 774 per sqft)

409 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 409, each contractTypical two-bed in Prime Residency 1
25K50K2012201620202024Typical rent by year: 2012 AED 40,000; 2013 AED 45,000; 2014 AED 50,000; 2015 AED 62,000; 2016 AED 63,000; 2017 AED 60,500; 2018 AED 54,000; 2019 AED 47,000; 2020 AED 40,000; 2021 AED 38,000; 2022 AED 40,000; 2023 AED 44,000; 2024 AED 48,000; 2025 AED 54,500; 2026 AED 57,012New contract, February 2013: AED 50,000 a yearNew contract, January 2014: AED 50,000 a yearNew contract, January 2015: AED 66,000 a yearNew contract, April 2019: AED 43,000 a yearRenewal, April 2020: AED 20,000 a yearNew contract, August 2022: AED 43,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Prime Residency 1, and where 409 sits

All 52 2-beds →

409 last sold in February 2017 at AED 774 per sqft, in line with what two-beds in Prime Residency 1 were fetching at the time (AED 773). Over the last 12 months two-beds sold for AED 740,000, around AED 721 per sqft, and rent for AED 36,000 to 70,000 a year. 409's AED 43,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Mar 2025550,000
11 Nov 2024690,000
19 Sep 2024413,280
12 Sep 2024590,000
1 2-bed sale in the last 12 months

Prime Residency 1

Building

164 apartments, 1-bed to 2-bed over 4 floors in International City, completed in 2010 by Prescott Investments. 5 sold in the last 12 months.

Typical price per sqft
AED 805
Typical sale
AED 550K
Typical rent
AED 46K /yr
Typical yield
7.9%
Prime Residency 1, International City: prices, sales and rents →

Other units on the 4th floor

All 164 units in Prime Residency 1
Value
4012-bedAED 515K · Jan 2013
4022-bedAED 744K · Jul 2012
4032-bedAED 744K · May 2013
4041-bedAED 300K · Oct 2012
4051-bedAED 535K · Jan 2014
4061-bedAED 520K · Jan 2014
4071-bedAED 500K · Dec 2011
1–7 of 40

409, Prime Residency 1 in numbers

  • Sold 4 times: first on 2 June 2009 for AED 766,070, last on 19 February 2017 for AED 750,000 (AED 774 per sqft).
  • Rented since February 2013 on 6 Ejari contracts. The rent fell from AED 50,000 to AED 20,000 in 2020 and recovered to AED 43,000 by August 2022.
  • At AED 43,000 a year the gross yield on the 2017 price is 5.7%, before a service charge of about AED 10,600 a year (AED 10.99 per sqft).
  • Two-beds in Prime Residency 1 sold for AED 740,000–740,000 in the 12 months to November 2026; the building's median across all types is AED 805 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2022.

Questions about 409, Prime Residency 1

What did unit 409 last sell for?

AED 750,000 on 19 February 2017: AED 774 per sqft for 968 sqft. The unit has 4 registered sales; the first was AED 766,070 in June 2009.

What is the rent for unit 409?

AED 43,000 a year on the contract signed on 1 August 2022. The previous contract, from April 2020, was AED 20,000; the unit has been rented since February 2013.

How big is unit 409?

968 sqft (89.9 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2010.

What is unit 409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Prime Residency 1 sold for AED 740,000 to 740,000 in the last 12 months, around AED 721 per sqft.

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Mortgage on 409, Prime Residency 1

Starts from the last sale price (AED 750K, 19 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

Plus AED 36,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →