−4% The Residence by Prestige One
2 BR · Apartment · 4 bathrooms
Price history
Listed since 9 November 2026. The price has been cut once — dates and figures from the listing itself.
- 9 November 2026 AED 1 875 000
- 9 November 2026 AED 1 800 000 -4%
About the building
6-storey residential building in JVC District 12, completed in 2026. Developer — Prestige One Luxury Real Estate. Architect — Model Engineering Consultants.
Where it is
The pin is placed by project — accurate to the development, not the door.
JVC
Jumeirah Village Circle: the highest-volume apartment district in Dubai, and the default answer for yield.
- strong gross yields
- deep tenant demand
- accessible entry prices
What to check: Building quality here ranges from genuinely good to genuinely poor and the district average hides both. Visit on a normal weekday, check the parking and the lifts, and pull three years of service charge history before you offer.
Full district guide →Questions and answers about lot NP4-610380
How much is this 2-bedroom apartment in The Residence by Prestige One?
Lot NP4-610380 is priced at AED 1 800 000, about $490 000. The size is 1 317 sq ft (122 m²), which works out at AED 1 367 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 1 875 000 to AED 1 800 000: AED 75 000 less, or 4%. It was cut once. On the market since 9 November 2026.
Is this expensive or cheap for JVC?
The database holds 260 lots in JVC, starting from AED 490 000. The area median is AED 2 223 per sq ft; this lot, at AED 1 367, is 39% below it. 136 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
JVC area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2026 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 360 000; a loan of AED 1 440 000 over 25 years at 3.75–4.99% a year comes to roughly AED 7 400–8 400 a month. A non-resident puts down from 40% (AED 720 000) and pays about AED 5 600–6 300 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 72 000 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 200 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about The Residence by Prestige One?
The building has 6 floors. Completion year: 2026. Figures are from the project passport: Propsearch and the Dubai Land Department.
What does the seller say about the property itself?
From the listing: bathrooms — 4.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP4-610380 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: The Residence by Prestige One
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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