Prime Residency 3 in Al Furjan - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for off-plan (pre registration and delayed sell) properties in Prime Residency 3

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	40	16,962	672,500

Sales prices for completed properties in Prime Residency 3

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	39	17,999	700,000
1	78	14,392	1,120,000

Rents in Prime Residency 3

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	40	1,557	61,500
1	89	899	80,000

The cap rate (rental yield) of investments into Prime Residency 3 project is 7.4% on average.

The price of an apartment in Prime Residency 3 is 16,278 AED/sqm on average.

The long term rent of an apartment in Prime Residency 3 is 1,208 AED/sqm/year on average.

Price for off-plan Studio apartment in Prime Residency 3 is 672,500 AED or 16,962 AED/sqm.

Price for completed Studio apartment in Prime Residency 3 is 700,000 AED or 17,999 AED/sqm.
Price for completed 1 bedroom apartment in Prime Residency 3 is 1,120,000 AED or 14,392 AED/sqm.

Rent for Studio apartment in Prime Residency 3 is 61,500 AED or 1,557 AED/sqm.
Rent for 1 bedroom apartment in Prime Residency 3 is 80,000 AED or 899 AED/sqm.

About Prime Residency 3

'Prime Residency 3' in 'Al Furjan' area project description

Prime Residency 3 is a contemporary residential development located in Al Furjan, a rapidly growing and highly sought-after area in Dubai. This project is designed to offer modern, comfortable, and convenient living spaces for both residents and investors. Its strategic location in Al Furjan, known for its family-friendly environment and excellent connectivity, further adds to its appeal.

Comprising elegantly designed studio, one-bedroom, and two-bedroom apartments, Prime Residency 3 caters to a wide range of lifestyle preferences. Each unit is thoughtfully crafted with high-quality finishes and smart layouts that maximize space and natural light. The interior design features a harmonious blend of neutral tones and modern aesthetics, reflecting a sophisticated urban living experience.

One of the standout features of Prime Residency 3 is its extensive range of amenities, designed to enhance the quality of life for its residents. The development boasts a state-of-the-art fitness center, a temperature-controlled swimming pool, and dedicated spaces for yoga and meditation. For families with children, the project includes a well-equipped children's play area and ample green spaces for outdoor activities. Residents can also enjoy the convenience of on-site retail outlets and dining options, making everyday living both enjoyable and effortless.

In addition to its impressive amenities, Prime Residency 3 is strategically situated to provide excellent connectivity to key areas of Dubai. It is located near major highways, including Sheikh Zayed Road and Al Khail Road, ensuring easy access to the city's business districts, shopping destinations, and popular leisure attractions. The nearby Al Furjan Metro Station further enhances connectivity, providing a convenient commuting option for residents.

The surrounding Al Furjan community is well-developed, with a range of infrastructure and services that contribute to a comfortable and vibrant living environment. The area features numerous parks, schools, medical facilities, and retail centers, making it ideal for families and individuals seeking a holistic lifestyle. Additionally, Al Furjan is known for its serene atmosphere, characterized by tree-lined streets and landscaped gardens, offering a peaceful retreat from the hustle and bustle of city life.

Moreover, the project is managed by Prescott Real Estate, a reputable developer known for delivering high-quality projects across Dubai. This adds an extra layer of assurance for investors and prospective homeowners looking for reliability and excellence. The combination of luxurious living spaces, abundant amenities, and a prime location makes Prime Residency 3 a compelling choice for those seeking a balanced and enriched lifestyle in Dubai.

Q&A on Prime Residency 3

What are the advantages of 'Prime Residency 3' project in Dubai for property buyers? What are the disadvantages?

Advantages:

1. Strategic Location: Located in the growing community of Al Furjan, Prime Residency 3 benefits from proximity to key locations such as Dubai Marina, Jebel Ali, and Expo 2020 site, making it attractive for both investors and residents.

2. Modern Amenities: The project offers a range of modern amenities such as swimming pools, gyms, and landscaped gardens, enhancing the quality of life for residents.

3. Public Transport Access: The development is well-connected with public transportation options, including the Dubai Metro, which is beneficial for daily commuting.

4. Affordability: Compared to other prime areas in Dubai, properties in Al Furjan tend to be more affordable, making it an excellent entry point for first-time buyers or investors seeking value for money.

5. Community Feel: Al Furjan is designed to offer a village-like feel with a focus on community living, which is appealing for families.

6. High ROI Potential: Given its strategic location and ongoing development in the surrounding areas, the potential for capital appreciation is significant. The rental yields are also attractive due to the high demand for quality housing in well-connected neighborhoods.

Disadvantages:

1. Construction and Development: Al Furjan is still developing, which means that ongoing construction projects might cause noise and inconvenience.

2. Traffic Congestion: As the area continues to grow, traffic congestion could become an issue, especially during peak hours.

3. Limited Retail and Dining Options: While the community is developing, it still has fewer retail and dining options compared to more established areas like Dubai Marina or Downtown Dubai.

4. Resale Market: Given the number of new projects in the area, the resale market might face stiffer competition, potentially affecting property values in the short-term.

5. Mature Landscaping: The area might lack the mature landscaping and green spaces found in more established neighborhoods, which might be a drawback for some buyers.

6. Service Charges: Depending on the management of the project, service charges could be higher, impacting the overall cost of ownership.

What projects are better than 'Prime Residency 3' project in Dubai which are located close by, and why?

Al Furjan is a burgeoning area in Dubai with multiple residential projects offering various amenities. Here are some notable projects in Al Furjan that may be considered better than 'Prime Residency 3':

1. Murano Residences:
- Developer: Ghreiwati Property Development
- Key Features: Offers contemporary design, high-quality finishing, and smart home technologies. Includes amenities like a swimming pool, gym, kids' play area, and dedicated parking spaces.
- Why Better: Superior design and build quality, more extensive facilities, and advanced smart home integration.

2. Azizi Samia:
- Developer: Azizi Developments
- Key Features: Fully furnished apartments, retail spaces on the ground floor, and quick access to public transport. Amenities include a gym, swimming pool, and spa.
- Why Better: Fully furnished units mean immediate move-in capability, with enhanced accessibility to retail and public transport.

3. The Nook by Wasl Properties:
- Developer: Wasl Properties
- Key Features: Part of the larger Wasl Gate community, featuring residential units, retail and dining outlets, parks, and entertainment options. Proximity to the metro station.
- Why Better: Comprehensive community living with extensive amenities and an excellent location close to key transit routes.

4. Glamz by Danube:
- Developer: Danube Properties
- Key Features: Innovative design with transformable living spaces, offering a multipurpose setting (e.g., a living room can convert into a bedroom). Amenities include a swimming pool, tennis court, and jogging track.
- Why Better: Unique transformable spaces provide flexibility, and a wide range of lifestyle amenities enhances quality of living.

5. Farishta Azizi:
- Developer: Azizi Developments
- Key Features: High-quality modern fittings, 24-hour security, covered parking, and close proximity to Discovery Gardens and Ibn Battuta Mall. Amenities include a gym, swimming pool, and landscaped gardens.
- Why Better: Superior modern fittings and finishes, rich amenities, and close proximity to shopping and leisure facilities.

Each of these projects offers distinct advantages, such as higher-quality construction, better amenities, advanced technological features, and strategic locations that may provide a superior living experience compared to 'Prime Residency 3'.

What are the closest schools to 'Prime Residency 3' project in Dubai?

- The Arbor School: Located in Al Furjan, focusing on a unique ecological approach to education.
- Dubai British School: Situated in Jebel Ali, offering the British curriculum.
- DPS Dubai (Delhi Private School): Found in The Gardens, near Jebel Ali, offering the Indian curriculum.
- The Winchester School: Based in Jebel Ali Village, following the British curriculum.
- Jebel Ali School: Located in DAMAC Hills, offering the British curriculum.
- German International School Dubai (Deutsche Internationale Schule Dubai): Located in Dubai Investment Park, offering the German curriculum.
- Nibras International School: Based in Dubai Investment Park, providing the American curriculum.

These schools are within a reasonable driving distance from Al Furjan.

What are the closest medical clinics to 'Prime Residency 3' project in Dubai?

1. Medicentres Al Furjan: Located in Pavilion Al Furjan, Jebel Ali 1, Dubai.
2. Aster Clinic, Discovery Gardens: Zen Cluster, Street 1, Discovery Gardens, Dubai.
3. Medcare Medical Centre, Discovery Gardens: Near Ibn Battuta Mall, Discovery Gardens, Dubai.
4. NMC Royal Hospital, DIP: Dubai Investment Park 1, Green Community Village, Dubai.
5. iCare Clinics, Discovery Gardens: Next to Geant Hypermarket, Discovery Gardens, Dubai.