Price from
AED 550K
Starting price for Prime Residency 3.

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Prime Residency 3 is a 110-unit studio building by Prescott Development in Jabal Ali First, priced from AED 550K with a Q4 2024 handover target now 18
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Price from
AED 550K
Starting price for Prime Residency 3.
Completion
Q4 2024
Tracked completion target for Prime Residency 3.
Related projects
8
Nearby launches and other Prescott Development projects.
Prime Residency 3 by Prescott Development delivers 110 studios in Jabal Ali First, priced from AED 550K with a Q4 2024 handover target. Units run from 37.33 to 40.13 sqm across a AED 550K–AED 600K price window, placing per-sqm cost between AED 13,705 and AED 16,073. With 545 tracked transactions and 109 rent signals on record, the building has measurable market activity behind it. The core selection questions are whether the per-sqm rate reflects current Jabal Ali First conditions, what the actual handover and title deed status is as of today, and whether competing launches in the same corridor offer better fundamentals at a comparable entry point.
All 110 units in Prime Residency 3 are studios, ranging from 37.33 to 40.13 sqm — a tight band that removes layout differentiation as a meaningful selection variable. The practical decision driver becomes floor level and orientation, which maps directly onto the AED 550K–AED 600K price spread. At the lower end, buyers pay AED 13,705 per sqm; at the upper end, AED 16,073 per sqm — a 17% premium for floor and view within the same building. For a yield-focused investor, this premium rarely closes in rental income: the achieved rent difference between a low-floor and upper-floor studio in a Jabal Ali First building is typically marginal. Entry at or near AED 550K therefore gives the most direct route to an acceptable gross yield. Buyers should also confirm the current RERA-registered service charge rate before finalising numbers, as annual holding costs on compact studios can compress net returns substantially if charges run above district averages.
Prime Residency 3 carried a Q4 2024 handover target. As of April 2026, that date is approximately 18 months elapsed. The schedule is recorded at 0% ahead of plan, meaning the project tracked exactly to its stated timeline as of the last data capture — no early delivery, but no confirmed construction delay either. The 545 tracked transactions attached to this project are consistent with a building that has reached or is past the transfer stage, since secondary-market volume at that level typically reflects active ownership changes post-handover. Buyers approaching Prime Residency 3 today should treat it as a recently delivered or near-complete asset rather than a long off-plan hold. Confirm handover certification, title deed issuance, and community handover from developer to owners association before negotiating, as these factors determine whether you are buying a live asset or inheriting unresolved completion risk.
Jabal Ali First is a low-rise residential district in southwest Dubai, connected to the city via the Red Line Metro at Jebel Ali station and with direct access to Sheikh Zayed Road. The district's rental demand is structurally tied to Jebel Ali Free Zone, one of the UAE's largest industrial and logistics free zones, which generates a steady tenant base of workers, technicians, and small business operators. This demand profile strongly favours compact units — studios and one-bedrooms — which makes Prime Residency 3's studio-only configuration market-appropriate for the area. Per-sqm pricing in Jabal Ali First sits below Dubai Marina, Jumeirah Village Circle, and Dubai South, making AED 13,705–AED 16,073 per sqm accessible by comparison. The trade-off is infrastructure maturity: retail density, F&B, and lifestyle amenities remain developing relative to established mid-market communities. Investors should calibrate rental yield expectations against that amenity gap rather than projecting growth rates drawn from more mature districts. For a structured comparison of risk profiles, review off-plan versus ready options in the corridor and consult buying advice before making a capital allocation decision.
Prescott Development concentrates its portfolio in Dubai's affordable-to-mid residential segment, primarily in outer and emerging districts. Before treating Prime Residency 3 as the default Prescott entry point, buyers should cross-check the full portfolio for unit size, location quality, and per-sqm competitiveness. At 85 Residences and Casa Altia are the closest sub-community comparisons. The Pinnacle and The Caden serve buyers seeking different configuration or location trade-offs within the same developer relationship. Legado and Serene Gardens II round out the portfolio for investors prioritising community specification or larger unit formats over absolute price minimisation. When evaluating any affordable-segment developer, delivery track record and post-handover service quality carry as much weight as launch pricing — review completion timelines and transaction data across the full Prescott portfolio before assuming consistency.
Within Jabal Ali First and the broader Jebel Ali corridor, buyers comparing Prime Residency 3 should benchmark on four criteria: unit size relative to price, developer delivery credibility, Metro proximity, and confirmed handover status. At 85 Residences and Casa Altia are the nearest like-for-like alternatives in the sub-community tier and both warrant a side-by-side comparison before Prime Residency 3 earns a final selection position. For buyers with geographic flexibility, Legado and The Caden offer alternative entry points with distinct risk and capital-growth profiles. The Pinnacle and Serene Gardens II are better suited to buyers who weight building specification and community environment above minimum entry price. Evaluate the full active launch picture across the district at Jabal Ali First or filter across all live projects by area, handover date, and starting price before narrowing to a final selection.

The scheduled handover for Prime Residency 3 was Q4 2024. As of April 2026, that target is approximately 18 months elapsed. The construction record shows 0% ahead of plan, meaning the project tracked exactly to its stated timeline — there is no confirmed delay, but equally no early-delivery buffer. The 545 tracked transactions suggest secondary-market activity is well underway, consistent with a building at or past transfer stage. Buyers should confirm title deed issuance and handover status directly before negotiating price, since delivered units carry different leverage dynamics than pre-completion stock.
With 109 rent signals recorded against Prime Residency 3, there is documented rental demand in the building. Jabal Ali First benefits from structural tenant demand driven by proximity to Jebel Ali Free Zone, which sustains a consistent base of workers and small business operators. To calculate a realistic gross yield, request current achieved rents from comparable studios in the building and divide against the AED 550K–AED 600K acquisition cost. Net yield will compress once service charges are factored in, so confirm the annual charge rate per sqm before committing to a return projection.
At AED 13,705–AED 16,073 per sqm, Prime Residency 3 sits in a mid-range band for Jabal Ali First studios. The upper end of that spread represents a 17% premium over entry within the same building, driven by floor and view differentials that rarely generate equivalent rental upside. Before committing, compare directly against [At 85 Residences](/projects/at-85-residences) and [Casa Altia](/projects/casa-altia) — both are sub-community alternatives in the same district — to establish whether those projects offer better specification, location positioning, or handover certainty at similar or lower per-sqm rates.

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