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2-bed · 996 sqftPrime Residency 1, International City · 4th floor · completed 2010

416, Prime Residency 1

Sold prices and rental history: sold twice, last in August 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 416 · DLD and Ejari recordsUpdated 2 November 2019
Last soldAED 800K25 August 2015
Current rentAED 38K /yr2 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 416, Prime Residency 1

What is 416 worth today?

Last sold for AED 800,000 in 2015

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2 Nov 2019RentedNew contract
AED 38,000/yr12 months · AED 38 per sqft
1 Nov 2018RentedNew contract
AED 49,000/yr12 months · AED 49 per sqft
5 Sep 2017RentedNew contract
AED 61,000/yr12 months · AED 61 per sqft
25 Aug 2015SoldReady
AED 800,000AED 803 per sqft
1 Jul 2014RentedRenewal
AED 46,305/yr12 months · AED 46 per sqft
1 Jul 2013RentedNew contract
AED 44,100/yr12 months · AED 44 per sqft
26 Mar 2012Sold by developerReady
AED 463,752AED 465 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 November 2019.

Key facts

Type
2-bed apartment
Size
996 sqft
Floor
4th of 4
Parking
B-21
Developer
Prescott Investments
Completed
2010
Service charge
AED 10,900 /yr
Last sold
AED 800K · August 2015
Building
Prime Residency 1

About 416, Prime Residency 1

416 is a two-bedroom apartment of 996 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 25 August 2015 for AED 800,000, or AED 803 per sqft, 9% below the AED 882 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 2 November 2019, is AED 38,000 a year: a gross yield of 4.8% on the 2015 price, before the service charge of about AED 10,900 a year.

Sales and rents for 416 over time

Sales
Unit 416, 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, March 2012: AED 463,752 (AED 465 per sqft)Sold, August 2015: AED 800,000 (AED 803 per sqft)

416 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 416, each contractTypical two-bed in Prime Residency 1
40K60K2012201620202024Typical 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, July 2013: AED 44,100 a yearRenewal, July 2014: AED 46,305 a yearNew contract, September 2017: AED 61,000 a yearNew contract, November 2018: AED 49,000 a yearNew contract, November 2019: AED 38,000 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 416 sits

All 52 2-beds →

416 last sold in August 2015 at AED 803 per sqft, 9% below what two-beds in Prime Residency 1 were fetching at the time (AED 882). 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. 416's AED 38,000 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

416, Prime Residency 1 in numbers

  • Sold twice: first on 26 March 2012 for AED 463,752, last on 25 August 2015 for AED 800,000 (AED 803 per sqft).
  • Rented since July 2013 on 5 Ejari contracts, from AED 44,100 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2015 price is 4.8%, before a service charge of about AED 10,900 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 2 November 2019.

Questions about 416, Prime Residency 1

What did unit 416 last sell for?

AED 800,000 on 25 August 2015: AED 803 per sqft for 996 sqft. The unit has 2 registered sales; the first was AED 463,752 in March 2012.

What is the rent for unit 416?

AED 38,000 a year on the contract signed on 2 November 2019. The previous contract, from November 2018, was AED 49,000; the unit has been rented since July 2013.

How big is unit 416?

996 sqft (92.5 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2010.

What is unit 416 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 416, Prime Residency 1

Starts from the last sale price (AED 800K, 25 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

Plus AED 38,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →