1001, ELEVATE by Prescott
Sold prices and rental history: sold once, by the developer in July 2023, and rented once, from August 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1001, ELEVATE by Prescott
What is 1001 worth today?
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Source: Dubai Land Department. Updated 12 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 419 sqft
- Floor
- 10th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 500K · July 2023
- Building
- ELEVATE by Prescott
About 1001, ELEVATE by Prescott
1001 is a studio of 419 sqft on the 10th floor of ELEVATE by Prescott, a 15-storey tower in Arjan completed in 2025 by Prescott Real Estate Development . The developer sold it on 20 July 2023 for AED 500,000, or AED 1,193 per sqft, 7% below the AED 1,281 studios in the building were fetching at the time.
One Ejari contract is registered, from 12 August 2026. The current contract, signed on 12 August 2026, is AED 44,900 a year: a gross yield of 9.0% on the 2023 price.
Sales and rents for 1001 over time
1001 has sold once; the dashed line is the studio median of each year in the building.
Studios in ELEVATE by Prescott, and where 1001 sits
All 118 studios →1001 last sold in July 2023 at AED 1,193 per sqft, 7% below what studios in ELEVATE by Prescott were fetching at the time (AED 1,281). Over the last 12 months studios sold for AED 605,000 to 750,000, around AED 1,660 per sqft, and rent for AED 44,000 to 70,000 a year. 1001's AED 44,900 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 403 sqft | 742,000 | 1,840 | ||
| 2 Nov 20262 November 2026 | 405 sqft | 650,000 | 1,606 | ||
| 9 Oct 20269 October 2026 | 405 sqft | 670,000 | 1,655 | ||
| 8 Oct 20268 October 2026 | 425 sqft | 700,000 | 1,646 |
ELEVATE by Prescott
Building223 apartments, studios to 2-bed over 15 floors in Arjan, completed in 2025 by Prescott Real Estate Development . 49 sold in the last 12 months.
- Typical price per sqft
- AED 1,539 Up 5.8%
- Typical sale
- AED 1.11M
- Typical rent
- AED 55K /yr
- Typical yield
- 7.2%
Other units on the 10th floor
All 223 units in ELEVATE by Prescott| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | Studio | 416 sqft | AED 625KAED 625,000 · Mar 2025March 2025 | 57,000 /yr | |
| 1003 | Studio | 416 sqft | AED 448KAED 448,000 · Jul 2023July 2023 | 50,000 /yr | |
| 1004 | Studio | 414 sqft | AED 660KAED 660,000 · Oct 2025October 2025 | 50,000 /yr | |
| 1005 | 1-bed | 737 sqft | AED 810KAED 810,000 · Jul 2023July 2023 | 80,000 /yr | |
| 1006 | Studio | 405 sqft | AED 530KAED 530,000 · Jul 2023July 2023 | ||
| 1007 | 2-bed | 1,233 sqft | AED 1.7MAED 1,700,000 · Aug 2026August 2026 | ||
| 1008 | 1-bed | 906 sqft | AED 925KAED 925,000 · Aug 2024August 2024 | ||
| 1009 | Studio | 425 sqft | AED 560KAED 560,000 · Jul 2023July 2023 | 50,000 /yr | |
| 1010 | Studio | 423 sqft | AED 715KAED 715,000 · Sep 2026September 2026 | 54,000 /yr | |
| 1011 | Studio | 423 sqft | AED 700KAED 700,000 · Dec 2025December 2025 | 46,000 /yr | |
| 1012 | 2-bed | 1,221 sqft | AED 1.8MAED 1,800,000 · Feb 2026February 2026 | ||
| 1013 | 1-bed | 858 sqft | AED 1.2MAED 1,200,000 · Mar 2025March 2025 | 86,500 /yr | |
| 1014 | 1-bed | 878 sqft | AED 840KAED 840,000 · May 2023May 2023 | 75,000 /yr | |
| 1015 | 1-bed | 761 sqft | AED 1.15MAED 1,145,000 · Aug 2026August 2026 | 79,778 /yr |
1001, ELEVATE by Prescott in numbers
- Sold once: by Prescott Real Estate Development on 20 July 2023 for AED 500,000, or AED 1,193 per sqft.
- Rented since August 2026 on one Ejari contract, at AED 44,900 a year.
- At AED 44,900 a year the gross yield on the 2023 price is 9.0%.
- Studios in ELEVATE by Prescott sold for AED 605,000–750,000 in the 12 months to November 2026; the building's median across all types is AED 1,539 per sqft.
Source: Dubai Land Department. Updated 12 August 2026.
Questions about 1001, ELEVATE by Prescott
What did unit 1001 last sell for?
AED 500,000 on 20 July 2023, sold by the developer: AED 1,193 per sqft for 419 sqft. It is the only registered sale of the unit.
What is the rent for unit 1001?
AED 44,900 a year on the contract signed on 12 August 2026.
How big is unit 1001?
419 sqft (38.9 sqm): a studio on the 10th floor of a 15-storey tower completed in 2025.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in ELEVATE by Prescott sold for AED 605,000 to 750,000 in the last 12 months, around AED 1,660 per sqft.
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Mortgage on 1001, ELEVATE by Prescott
Starts from the last sale price (AED 500K, 20 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →