Unit 407, The Residence by Prestige One: what it sold for and what it is worth now

Unit 407 at The Residence by Prestige One is a studio of 469 sq ft. It last sold for AED 634,800 on 13 Nov 2023. At AED 1,207 per sq ft, from 7 sales in the building in the last 24 months, it is worth about AED 566,000 today.

Value todayAED 566,000AED 556,000 to AED 589,000
Last saleAED 634,80013 Nov 2023 · Off-plan
Change since last sale-10.8% 
Rent (median asking, studio)AED 55,000Gross yield 9.7%
Bedroomsstudio
Size469 sq ft
Floor4 (from the unit number)
Position in the towerStack 07: units ending 07 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 407

DatePriceSizeAED/sq ftType
13 Nov 2023AED 634,800469 sq ft1,354Off-plan

Units ending 07 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
20722 Feb 2026AED 675,000469 sq ft1,439Off-plan
5077 Apr 2025AED 1,770,0001,619 sq ft1,093Off-plan
1077 Oct 2023AED 561,798469 sq ft1,198Off-plan
30714 Sep 2023AED 570,000469 sq ft1,215Off-plan
20713 Sep 2023AED 581,801469 sq ft1,241Off-plan

Latest studio sales in The Residence by Prestige One

UnitDatePriceSizeAED/sq ftType
10616 Oct 2026AED 600,000469 sq ft1,279Resale
20722 Feb 2026AED 675,000469 sq ft1,439Off-plan
10521 Jan 2026AED 650,000469 sq ft1,386Off-plan
20626 Dec 2025AED 680,000469 sq ft1,450Off-plan
3127 Aug 2025AED 650,000469 sq ft1,386Off-plan
41013 Nov 2023AED 634,800469 sq ft1,354Off-plan
40813 Nov 2023AED 634,800469 sq ft1,354Off-plan
41113 Nov 2023AED 634,800469 sq ft1,354Off-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 (469 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 407 at The Residence by Prestige One worth?

About AED 566,000 (range AED 556,000 to AED 589,000), based on AED 1,207 per sq ft from registered sales up to 16 Oct 2026.

When did unit 407 last sell?

13 Nov 2023, for AED 634,800 (off-plan). It has 1 registered sale.

What rent can unit 407 make?

A studio in The Residence by Prestige One rents for about AED 55,000 a year (median asking rent). That is a gross yield of 9.7% on the estimate.

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

Unit 406 · Unit 408