1408, ELEVATE by Prescott
Sold prices and rental history: sold twice, last in November 2024, and rented once, from May 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, ELEVATE by Prescott
What is 1408 worth today?
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Source: Dubai Land Department. Updated 11 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 900 sqft
- Floor
- 14th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 1.22M · November 2024
- Building
- ELEVATE by Prescott
About 1408, ELEVATE by Prescott
1408 is a one-bedroom apartment of 900 sqft on the 14th floor of ELEVATE by Prescott, a 15-storey tower in Arjan completed in 2025 by Prescott Real Estate Development . It last sold on 14 November 2024 for AED 1,220,000, or AED 1,356 per sqft, 18% above the AED 1,150 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 11 May 2026. The current contract, signed on 11 May 2026, is AED 87,000 a year: a gross yield of 7.1% on the 2024 price.
Sales and rents for 1408 over time
1408 has sold twice; the dashed line is the one-bed median of each year in the building.
1-beds in ELEVATE by Prescott, and where 1408 sits
All 75 1-beds →1408 last sold in November 2024 at AED 1,356 per sqft, 18% above what one-beds in ELEVATE by Prescott were fetching at the time (AED 1,150). Over the last 12 months one-beds sold for AED 850,000 to 1,320,000, around AED 1,490 per sqft, and rent for AED 70,000 to 95,000 a year. 1408's AED 87,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Oct 20262 October 2026 | 761 sqft | 1,200,000 | 1,577 | ||
| 19 Sep 202619 September 2026 | 906 sqft | 1,320,000 | 1,456 | ||
| 16 Sep 202616 September 2026 | 732 sqft | 1,125,000 | 1,537 | ||
| 10 Sep 202610 September 2026 | 732 sqft | 1,090,000 | 1,488 |
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 | |||||
|---|---|---|---|---|---|
| 1401 | Studio | 419 sqft | AED 545KAED 545,000 · Jun 2023June 2023 | 50,000 /yr | |
| 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 | |
| 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 |
1408, ELEVATE by Prescott in numbers
- Sold twice: first on 11 May 2023 for AED 895,000, last on 14 November 2024 for AED 1,220,000 (AED 1,356 per sqft).
- Rented since May 2026 on one Ejari contract, at AED 87,000 a year.
- At AED 87,000 a year the gross yield on the 2024 price is 7.1%.
- One-beds in ELEVATE by Prescott sold for AED 850,000–1,320,000 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 11 May 2026.
Questions about 1408, ELEVATE by Prescott
What did unit 1408 last sell for?
AED 1,220,000 on 14 November 2024: AED 1,356 per sqft for 900 sqft. The unit has 2 registered sales; the first was AED 895,000 in May 2023.
What is the rent for unit 1408?
AED 87,000 a year on the contract signed on 11 May 2026.
How big is unit 1408?
900 sqft (83.6 sqm): a one-bedroom apartment on the 14th floor of a 15-storey tower completed in 2025.
What is unit 1408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in ELEVATE by Prescott sold for AED 850,000 to 1,320,000 in the last 12 months, around AED 1,490 per sqft.
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Mortgage on 1408, ELEVATE by Prescott
Starts from the last sale price (AED 1.22M, 14 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,220,000
- Deposit, UAE resident (20%)
- AED 244,000
- Deposit, non-resident (40%)
- AED 488,000
- Monthly over 25 years at 3.7%
- AED 4,991
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →