1201, ELEVATE by Prescott
Sold prices and rental history: sold once, by the developer in July 2023, and rented once, from July 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1201, ELEVATE by Prescott
What is 1201 worth today?
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Source: Dubai Land Department. Updated 17 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 419 sqft
- Floor
- 12th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 530K · July 2023
- Building
- ELEVATE by Prescott
About 1201, ELEVATE by Prescott
1201 is a studio of 419 sqft on the 12th floor of ELEVATE by Prescott, a 15-storey tower in Arjan completed in 2025 by Prescott Real Estate Development . The developer sold it on 3 July 2023 for AED 530,000, or AED 1,265 per sqft, in line with the AED 1,267 studios in the building were fetching at the time.
One Ejari contract is registered, from 17 July 2026. The current contract, signed on 17 July 2026, is AED 47,000 a year: a gross yield of 8.9% on the 2023 price.
Sales and rents for 1201 over time
1201 has sold once; the dashed line is the studio median of each year in the building.
Studios in ELEVATE by Prescott, and where 1201 sits
All 118 studios →1201 last sold in July 2023 at AED 1,265 per sqft, in line with what studios in ELEVATE by Prescott were fetching at the time (AED 1,267). 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. 1201's AED 47,000 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 12th floor
All 223 units in ELEVATE by Prescott| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1202 | Studio | 416 sqft | AED 675KAED 675,000 · Mar 2025March 2025 | 48,000 /yr | |
| 1203 | Studio | 422 sqft | AED 750KAED 750,000 · Jun 2026June 2026 | 55,000 /yr | |
| 1204 | Studio | 414 sqft | AED 550KAED 550,000 · Jul 2023July 2023 | ||
| 1205 | 1-bed | 737 sqft | AED 1.1MAED 1,100,000 · Dec 2025December 2025 | 82,000 /yr | |
| 1206 | Studio | 405 sqft | AED 600KAED 600,000 · Jan 2025January 2025 | ||
| 1207 | 2-bed | 1,233 sqft | AED 1.57MAED 1,570,000 · Apr 2026April 2026 | 100,000 /yr | |
| 1208 | 1-bed | 900 sqft | AED 990KAED 990,000 · Sep 2024September 2024 | 95,000 /yr | |
| 1209 | Studio | 425 sqft | AED 550KAED 550,000 · Jun 2023June 2023 | 55,000 /yr | |
| 1210 | Studio | 424 sqft | AED 550KAED 550,000 · Jul 2023July 2023 | ||
| 1211 | Studio | 423 sqft | AED 620KAED 620,000 · Feb 2025February 2025 | 50,000 /yr | |
| 1212 | 2-bed | 1,222 sqft | AED 1.35MAED 1,350,000 · May 2023May 2023 | ||
| 1213 | 1-bed | 429 sqft | AED 895KAED 895,000 · Jun 2023June 2023 | ||
| 1214 | 1-bed | 878 sqft | AED 895KAED 895,000 · Jun 2023June 2023 | 78,000 /yr | |
| 1215 | 1-bed | 761 sqft | AED 890KAED 890,000 · Jul 2023July 2023 |
1201, ELEVATE by Prescott in numbers
- Sold once: by Prescott Real Estate Development on 3 July 2023 for AED 530,000, or AED 1,265 per sqft.
- Rented since July 2026 on one Ejari contract, at AED 47,000 a year.
- At AED 47,000 a year the gross yield on the 2023 price is 8.9%.
- 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 17 July 2026.
Questions about 1201, ELEVATE by Prescott
What did unit 1201 last sell for?
AED 530,000 on 3 July 2023, sold by the developer: AED 1,265 per sqft for 419 sqft. It is the only registered sale of the unit.
What is the rent for unit 1201?
AED 47,000 a year on the contract signed on 17 July 2026.
How big is unit 1201?
419 sqft (38.9 sqm): a studio on the 12th floor of a 15-storey tower completed in 2025.
What is unit 1201 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 1201, ELEVATE by Prescott
Starts from the last sale price (AED 530K, 3 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 530,000
- Deposit, UAE resident (20%)
- AED 106,000
- Deposit, non-resident (40%)
- AED 212,000
- Monthly over 25 years at 3.7%
- AED 2,168
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →