About Prescott Real Estate Development

Prescott holds registration with three separate Dubai bodies, and its portfolio is held partly through subsidiary vehicles, each a separate legal entity used to hold and manage one or more projects.

Prescott prices come in two forms. The Caden and Legado carry launch prices set by the developer. The seven sold-out projects carry the lowest price a reseller is currently asking. A launch price and a resale asking price are not the same thing, and treating them as one gives a false picture of what a Prescott unit costs.

Two projects carry unsettled completion status. Elevate by Prescott is marked ready while its construction progress reads 98 per cent. Serene Gardens is marked ready while its progress reads 30 per cent, and it carries two conflicting completion dates, Q4 2025 and Q4 2026. Both need confirming with Prescott before any money moves.

Nine plans across seven projects, and the spread between them is wide. Prime Gardens deferred 60 per cent to handover; Legado option three is the only structure with money payable after keys.

Verano by Prescott and Fairway Residences each carry a single payment plan, but neither breakdown has been made public. Where an instalment count is shown, Prescott has published the staging; the remaining plans are public as ratios only.

What this means on The Caden. A one-bedroom at AED 1,800,000 needs AED 360,000 on booking, AED 720,000 across six construction instalments, and AED 720,000 on handover in 2028. The Dubai Land Department fee of 4 per cent adds AED 72,000 on top, payable at registration.

• Apartments form the core of all nine projects, from studios up to three bedrooms.
• Legado is registered for both apartment and villa unit types. Legado is a single 32-floor tower, so these 2,908 to 4,128 square foot homes are large units inside the building rather than standalone villas.
• Duplexes and penthouses appear at The Caden in Meydan, both in four-bedroom configurations.
• Project scale runs from 156 units at Fairway Residences to 184 at Serene Gardens, 223 at Elevate by Prescott and 285 at Serene Gardens Phase 2. Legado stands 32 floors and Serene Gardens 12.
• Smart-home systems are published at The Caden, Elevate by Prescott and Fairway Residences, with fully furnished units at Elevate and Fairway Residences.

The Caden sits in Meydan within Mohammed Bin Rashid City, in a single building offering apartments, duplexes and a penthouse. Construction started on 13 November 2025. Expected completion is recorded as 14 May 2028, while Prescott states Q3 2028, so the handover quarter is worth confirming in the sales agreement.

• Five minutes to Burj Khalifa and Downtown Dubai, eight minutes to Safa Park, ten minutes to The Dubai Mall and Meydan Racecourse, and fifteen minutes to Ras Al Khor Wildlife Sanctuary.
• Crystal Lagoon frontage, landscaped parks, jogging and cycling tracks, and equestrian and falconry facilities within the wider community.
• Infinity pool overlooking the lagoon, fitness centre, spa and wellness facilities, children’s play areas, retail and dining, covered parking and round-the-clock concierge and security.
• Freehold, with a 4 per cent government fee, and nine resale properties already listed alongside the developer stock.

Legado is a 32-floor building in Jumeirah Village Circle District 14. Booking opened on 1 September 2024, construction started the following day, and completion is scheduled for 31 August 2027. It is the only Prescott project offering three payment structures and the only one on the Dubai list registered for both apartments and villas.

Sixteen resale properties are listed at Legado, against nine at The Caden. Amenities include a rooftop pool, jacuzzi and steam, gymnasium, landscaped gardens, retail outlets, BBQ areas, a children’s play area and covered parking. Downtown Dubai, Dubai Marina, Mall of the Emirates and Dubai Autodrome are each about ten minutes away.

• Prime Gardens in Arjan and Prime Residency Phase 3 in Al Furjan both show 100 per cent construction progress.
• Elevate by Prescott in Arjan stands at 98 per cent.
• Serene Gardens Phase 2 in Al Furjan is listed as ready.
• Fairway Residences in Dubai Sports City is the next scheduled handover, in Q3 2026, followed by Verano by Prescott in Dubai Studio City in Q4 2026.
• Legado follows in August 2027 and The Caden in 2028, giving Prescott a delivery date in every year from 2026 through 2028.
• Serene Gardens is the least settled entry in the portfolio: it is labelled ready while showing 30 per cent construction progress, and carries two conflicting completion dates, Q4 2025 and Q4 2026.

These transactions were registered in Prescott buildings during 2025 and 2026. Legado and The Caden are both still under construction, so every figure here is an off-plan transfer rather than a post-handover resale.

The Caden trades between AED 2,166 and AED 2,439 per square foot, roughly twice the Legado range of AED 1,134 to AED 1,748. Meydan’s average community price is AED 2.1 million against AED 1.1 million in Jumeirah Village Circle.

Prescott builds across six Dubai communities, weighted toward mid-market inland districts with one move into Mohammed Bin Rashid City.

• Al Furjan holds three projects: Serene Gardens, Serene Gardens Phase 2 and Prime Residency Phase 3. The two Serene Gardens buildings are listed under Al Furjan, though Prescott places them in Discovery Gardens, two minutes’ walk from the metro station.
• Arjan holds two: Elevate by Prescott and Prime Gardens.
• Jumeirah Village Circle, Dubai Studio City, Dubai Sports City and Meydan hold one each.

Jumeirah Village Circle and Meydan both recorded rising average sale prices over the past year. Arjan, where Elevate by Prescott and Prime Gardens sit, recorded a fall of 12.1 per cent. Jumeirah Village Circle carries the volume at 12,516 sales; Meydan carries the growth rate at 11.4 per cent.

Prescott publishes its own purchase procedure, running from booking through registration, handover and the defect liability period.

• Prescott liaises with the Dubai Land Department and handles unit registration on the buyer’s behalf.
• Under DLD regulations every unit must be registered within 60 days of the sale date, and failure to comply may result in penalties.
• The registration fee is 4 per cent of the purchase price plus administrative fees. Registration documents and fee receipts are emailed by the Dubai Land Department.
• Non-residents can purchase in Dubai’s designated freehold areas, with additional documents required under applicable law.
• As completion nears, Prescott issues a completion notice setting out the handover date and any outstanding payments.
• A snagging inspection follows completion. Defects found are documented and must be addressed before handover, and anything unresolved is covered during the defect liability period.
• The handover pack contains keys, a list of important phone numbers, a car parking remote, access or biometric cards, a car security sticker where applicable, and an owner’s manual.
• Mock-up units at the Prescott office are for demonstration. The delivered unit follows the specifications in the sale and purchase agreement, with variations permitted under applicable law.
• Owners are free to rent the property out once handover is complete.

• Buyers who want a developer with a long registration history. Its Dubai Land Department registration dates to August 2017, five years before Takmeel and six before Peace Homes.
• Meydan and canal-district buyers. The Caden is the only route into a Prescott building at launch price, five minutes from Downtown Dubai.
• Buyers who want payment structure choice. Legado published three options, including one deferring 30 per cent until after handover.
• Sub-AED 700,000 resale hunters. Prime Residency Phase 3, Serene Gardens and Serene Gardens Phase 2 all list below AED 700,000.
• Buyers who want something other than an apartment. Legado carries villa-type units of up to 4,128 square feet and The Caden carries four-bedroom duplexes and a penthouse.
• Buyers who value a documented purchase procedure. The registration, snagging and defect liability steps are published rather than explained only at signing.

• Anyone wanting choice of developer stock. Eight of the nine listed projects are sold out at developer level, leaving The Caden as the only option at developer pricing.
• Buyers who need most of the price deferred past handover. Only one plan out of nine carries a post-handover component, and it is capped at 30 per cent.
• Prime-address buyers. Nothing sits on Palm Jumeirah, in Dubai Marina or in Downtown Dubai itself.
• Buyers who need certainty on completion dates. The Caden carries two published handover dates, May 2028 and Q3 2028, and two projects carry conflicting ready and construction-progress labels.
• Budget buyers under AED 620,000. The lowest listed Prescott unit sits at AED 624,999, and that is a resale figure rather than a developer price.
• Buyers who need published sizes across the range. Duplex and penthouse areas at The Caden, and studio and one-bedroom prices at Legado, are not published.

All three work the Dubai mid-market. They separate on registration age, how much stock is still buyable, and how far payments can be pushed past handover.

Choose Prescott if you want the longest registration record of the three, a project you can still buy at launch price, or a unit type other than an apartment.

Look elsewhere if you need half the price deferred past handover, or you want several live projects to choose between at developer pricing.