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Prescott launches 292-unit residential project in Dubai

October 11, 2021
real estate

UAE-based Prescott Real Estate Development has announced the launch of its new residential project, Prime Residency III, featuring 292 modern luxury apartments with a mix of studios and one-bedroom units, located within the Al Furjan community in Dubai.

An AED140-million ($38 million) project, Prime Residency III is designed to bring together the unique concept of engaging amenities and facilities under one roof to continue the group's legacy in Dubai, said the statement from Prescott.

It will be a mixed-use development that offers immaculately designed and spacious studios and one-bedroom apartments, with breath-taking views of the city’s spectacular skyline.

The project’s unique design concept and community living experience make it the perfect choice for first-time homebuyers looking to build or raise a family, and investors, it stated.

According to Prescott, this will be the first to bring the smart homes design concept to Al Furjan. The ultra-modern, fully equipped, smart-home apartments offer a great blend of affordability and luxury - making them the best choice for anyone who wants to partake in Dubai’s ‘good life'.

Prime Residency III boasts modern luxurious finishes spread across 292 apartments in a G+2P+7 residential project with apartment prices starting at AED368,000 onwards.

In addition to key amenities such as a swimming pool, kids’ pool, and gym, the project offers an elegantly designed residents’ lounge for casual meetups and get-togethers, an alluring rooftop garden, and a tastefully crafted outdoor sitting area.

To woo investors, the Dubai developer is offering flexible payment schemes under which a 10% down payment has to be made followed by another 10% after 3 months and then moving to quarterly instalments of 5% for a year, 10% on handover, and 50% post-handover over 3 years.

CEO Muhammad Shafi said: 'Our focus has always been to create unparalleled living experiences for our customers. All of our projects adhere to three foundational pillars that are the cornerstone of our success; Prime Quality, Prime Location, and Prime Privileges.'

'Our latest project is no different. We are committed to making affordable luxury living possible for everyone. We look forward to welcoming new residents as they find a place to call home, and lay down their roots,' he added.

Strategically located, Prime Residency III is a four-minute drive from Sheikh Zayed Road, 13 minutes from the Expo 2020 site, and a 25-minute drive to Downtown Dubai. Also the nearest metro station is just 3 minutes away, connecting the residential apartments to the rest of the city.

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