Unit 203, The Residence by Prestige One: what it sold for and what it is worth now

Unit 203 at The Residence by Prestige One is a 2 bed of 1,320 sq ft. It last sold for AED 1,485,000 on 11 May 2024. At AED 1,207 per sq ft, from 7 sales in the building in the last 24 months, it is worth about AED 1,594,000 today.

Value todayAED 1,594,000AED 1,566,000 to AED 1,659,000
Last saleAED 1,485,00011 May 2024 · Off-plan
Change since last sale+7.3% 
Rent (median asking, 2 bed)AED 137,000Gross yield 8.6%
Bedrooms2 bed
Size1,320 sq ft
Floor2 (from the unit number)
Position in the towerStack 03: units ending 03 share the same layout and view
BuildingThe Residence by Prestige One by Prestige One, handed over 2026
Registered sales of this unit1

Every registered sale of unit 203

DatePriceSizeAED/sq ftType
11 May 2024AED 1,485,0001,320 sq ft1,125Off-plan

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
50325 Mar 2024AED 1,600,0001,319 sq ft1,213Off-plan
30314 Feb 2024AED 1,350,0001,320 sq ft1,023Off-plan
4032 Feb 2024AED 1,358,2801,320 sq ft1,029Off-plan
10325 Dec 2023AED 1,575,0001,318 sq ft1,195Off-plan

Latest 2 bed sales in The Residence by Prestige One

UnitDatePriceSizeAED/sq ftType
11818 Sep 2026AED 2,000,0001,321 sq ft1,514Resale
G0211 Sep 2026AED 1,900,0001,830 sq ft1,038Resale
50127 May 2025AED 1,200,0001,318 sq ft910Off-plan
5077 Apr 2025AED 1,770,0001,619 sq ft1,093Off-plan
50531 Oct 2024AED 1,650,0001,611 sq ft1,024Off-plan
4045 Oct 2024AED 1,634,1501,332 sq ft1,227Off-plan
50620 Sep 2024AED 1,554,0001,734 sq ft896Off-plan
5085 Sep 2024AED 1,826,8671,625 sq ft1,124Off-plan

How we worked out the value

We took the 7 sales in The Residence by Prestige One in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,207). We multiplied it by the size of this unit (1,320 sq ft). The range uses the middle half of those sales (AED 1,186 to AED 1,257 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 16 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 203 at The Residence by Prestige One worth?

About AED 1,594,000 (range AED 1,566,000 to AED 1,659,000), based on AED 1,207 per sq ft from registered sales up to 16 Oct 2026.

When did unit 203 last sell?

11 May 2024, for AED 1,485,000 (off-plan). It has 1 registered sale.

What rent can unit 203 make?

A 2 bed in The Residence by Prestige One rents for about AED 137,000 a year (median asking rent). That is a gross yield of 8.6% on the estimate.

Sales alert for The Residence by Prestige OneAll sales in The Residence by Prestige One

Unit 202 · Unit 204