Sunday's announcement over the long-delayed exchange came after seven days of meetings in Jordan's capital, Amman, between the Houthi rebels and the internationally-recognised government, which is backed by the coalition.
The UN mission in Yemen said in a statement that both sides had decided to "immediately begin with exchanging the lists for the upcoming release" of prisoners, calling it the "first official large-scale" exchange of its kind since the beginning of the long-running conflict.
"Today the parties showed us that even with the growing challenges on the ground, the confidence they have been building can still yield positive results," UN envoy Martin Griffiths said.