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2-bed · 985 sqftPrime Residency 1, International City · 4th floor · completed 2010

438, Prime Residency 1

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 438 · DLD and Ejari recordsUpdated 6 March 2023
Last soldAED 475K6 March 2023
Current rentAED 51K /yr10 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 438, Prime Residency 1

What is 438 worth today?

Last sold for AED 475,000 in 2023

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6 Mar 2023SoldReady
AED 475,000AED 482 per sqft
10 Jan 2019RentedRenewal
AED 51,000/yr24 months · AED 52 per sqft
10 Jan 2018RentedRenewal
AED 60,000/yr12 months · AED 61 per sqft
10 Jan 2017RentedRenewal
AED 66,000/yr12 months · AED 67 per sqft
10 Jan 2016RentedRenewal
AED 66,000/yr12 months · AED 67 per sqft
10 Jan 2015RentedRenewal
AED 51,750/yr12 months · AED 53 per sqft
26 Mar 2012Sold by developerReady
AED 485,236AED 492 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 March 2023.

Key facts

Type
2-bed apartment
Size
985 sqft
Floor
4th of 4
Parking
B-10
Developer
Prescott Investments
Completed
2010
Service charge
AED 10,800 /yr
Last sold
AED 475K · March 2023
Building
Prime Residency 1

About 438, Prime Residency 1

438 is a two-bedroom apartment of 985 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 6 March 2023 for AED 475,000, or AED 482 per sqft, in line with the AED 496 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 10 January 2019, is AED 51,000 a year: a gross yield of 10.7% on the 2023 price, before the service charge of about AED 10,800 a year.

Sales and rents for 438 over time

Sales
Unit 438, each saleTypical two-bed in Prime Residency 1
600K800K20092013201720212025Typical 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 485,236 (AED 492 per sqft)Sold, March 2023: AED 475,000 (AED 482 per sqft)

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

Rents
Unit 438, 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 57,012Renewal, January 2015: AED 51,750 a yearRenewal, January 2016: AED 66,000 a yearRenewal, January 2017: AED 66,000 a yearRenewal, January 2018: AED 60,000 a yearRenewal, January 2019: AED 51,000 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 438 sits

All 52 2-beds →

438 last sold in March 2023 at AED 482 per sqft, in line with what two-beds in Prime Residency 1 were fetching at the time (AED 496). 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. 438's AED 51,000 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

438, Prime Residency 1 in numbers

  • Sold twice: first on 26 March 2012 for AED 485,236, last on 6 March 2023 for AED 475,000 (AED 482 per sqft).
  • Rented since January 2015 on 5 Ejari contracts, from AED 51,750 to AED 51,000 a year.
  • At AED 51,000 a year the gross yield on the 2023 price is 10.7%, before a service charge of about AED 10,800 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 6 March 2023.

Questions about 438, Prime Residency 1

What did unit 438 last sell for?

AED 475,000 on 6 March 2023: AED 482 per sqft for 985 sqft. The unit has 2 registered sales; the first was AED 485,236 in March 2012.

What is the rent for unit 438?

AED 51,000 a year on the contract renewed on 10 January 2019. The previous contract, from January 2018, was AED 60,000; the unit has been rented since January 2015.

How big is unit 438?

985 sqft (91.5 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2010.

What is unit 438 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 438, Prime Residency 1

Starts from the last sale price (AED 475K, 6 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 475,000
Deposit, UAE resident (20%)
AED 95,000
Deposit, non-resident (40%)
AED 190,000
Monthly over 25 years at 3.7%
AED 1,943

Plus AED 22,860 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →