1401, ELEVATE by Prescott
Sold prices and rental history: sold once, by the developer in June 2023, and rented once, from June 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1401, ELEVATE by Prescott
What is 1401 worth today?
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Source: Dubai Land Department. Updated 5 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 419 sqft
- Floor
- 14th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 545K · June 2023
- Building
- ELEVATE by Prescott
About 1401, ELEVATE by Prescott
1401 is a studio of 419 sqft on the 14th floor of ELEVATE by Prescott, a 15-storey tower in Arjan completed in 2025 by Prescott Real Estate Development . The developer sold it on 13 June 2023 for AED 545,000, or AED 1,300 per sqft, 3% above the AED 1,262 studios in the building were fetching at the time.
One Ejari contract is registered, from 5 June 2026. The current contract, signed on 5 June 2026, is AED 50,000 a year: a gross yield of 9.2% on the 2023 price.
Sales and rents for 1401 over time
1401 has sold once; the dashed line is the studio median of each year in the building.
Studios in ELEVATE by Prescott, and where 1401 sits
All 118 studios →1401 last sold in June 2023 at AED 1,300 per sqft, 3% above what studios in ELEVATE by Prescott were fetching at the time (AED 1,262). 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. 1401's AED 50,000 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 14th floor
All 223 units in ELEVATE by Prescott| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1402 | Studio | 416 sqft | AED 670KAED 670,000 · Oct 2025October 2025 | 45,000 /yr | |
| 1403 | Studio | 416 sqft | AED 650KAED 650,000 · Jul 2025July 2025 | 50,000 /yr | |
| 1404 | Studio | 414 sqft | AED 545KAED 545,000 · May 2023May 2023 | 48,000 /yr | |
| 1405 | 1-bed | 737 sqft | AED 870KAED 870,000 · Jun 2023June 2023 | 80,000 /yr | |
| 1406 | Studio | 405 sqft | AED 630KAED 630,000 · Jul 2026July 2026 | ||
| 1407 | 2-bed | 1,236 sqft | AED 1.31MAED 1,309,500 · Jul 2023July 2023 | 124,000 /yr | |
| 1408 | 1-bed | 900 sqft | AED 1.22MAED 1,220,000 · Nov 2024November 2024 | 87,000 /yr | |
| 1409 | Studio | 425 sqft | AED 720KAED 720,000 · Jul 2026July 2026 | 52,000 /yr | |
| 1410 | Studio | 423 sqft | AED 695KAED 695,000 · Jun 2026June 2026 | ||
| 1411 | Studio | 423 sqft | AED 650KAED 650,000 · Dec 2024December 2024 | 52,000 /yr | |
| 1412 | 2-bed | 1,221 sqft | AED 2MAED 2,000,000 · Jun 2026June 2026 | ||
| 1413 | 1-bed | 858 sqft | AED 885KAED 885,000 · Jun 2023June 2023 | ||
| 1414 | 1-bed | 878 sqft | AED 895KAED 895,000 · Jul 2023July 2023 | 80,000 /yr | |
| 1415 | 1-bed | 761 sqft | AED 858KAED 857,500 · Jul 2023July 2023 |
1401, ELEVATE by Prescott in numbers
- Sold once: by Prescott Real Estate Development on 13 June 2023 for AED 545,000, or AED 1,300 per sqft.
- Rented since June 2026 on one Ejari contract, at AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2023 price is 9.2%.
- 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 5 June 2026.
Questions about 1401, ELEVATE by Prescott
What did unit 1401 last sell for?
AED 545,000 on 13 June 2023, sold by the developer: AED 1,300 per sqft for 419 sqft. It is the only registered sale of the unit.
What is the rent for unit 1401?
AED 50,000 a year on the contract signed on 5 June 2026.
How big is unit 1401?
419 sqft (38.9 sqm): a studio on the 14th floor of a 15-storey tower completed in 2025.
What is unit 1401 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 1401, ELEVATE by Prescott
Starts from the last sale price (AED 545K, 13 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 545,000
- Deposit, UAE resident (20%)
- AED 109,000
- Deposit, non-resident (40%)
- AED 218,000
- Monthly over 25 years at 3.7%
- AED 2,230
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →