1508, ELEVATE by Prescott
Sold prices and rental history: sold twice, last in December 2024, and rented once, from April 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, ELEVATE by Prescott
What is 1508 worth today?
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Source: Dubai Land Department. Updated 25 April 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 900 sqft
- Floor
- 15th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 1.25M · December 2024
- Building
- ELEVATE by Prescott
About 1508, ELEVATE by Prescott
1508 is a one-bedroom apartment of 900 sqft on the 15th floor of ELEVATE by Prescott, a 15-storey tower in Arjan completed in 2025 by Prescott Real Estate Development . It last sold on 24 December 2024 for AED 1,250,000, or AED 1,389 per sqft, 19% above the AED 1,165 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 25 April 2026. The current contract, signed on 25 April 2026, is AED 87,000 a year: a gross yield of 7.0% on the 2024 price.
Sales and rents for 1508 over time
1508 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 1508 sits
All 75 1-beds →1508 last sold in December 2024 at AED 1,389 per sqft, 19% above what one-beds in ELEVATE by Prescott were fetching at the time (AED 1,165). 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. 1508'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 15th floor
All 223 units in ELEVATE by Prescott| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | Studio | 419 sqft | AED 550KAED 550,000 · Jul 2023July 2023 | ||
| 1502 | Studio | 416 sqft | AED 560KAED 560,000 · Jan 2024January 2024 | 55,000 /yr | |
| 1503 | Studio | 416 sqft | AED 550KAED 550,000 · Jun 2023June 2023 | ||
| 1504 | Studio | 414 sqft | AED 545KAED 545,000 · May 2023May 2023 | ||
| 1505 | 1-bed | 732 sqft | AED 1.09MAED 1,090,000 · Sep 2026September 2026 | ||
| 1506 | Studio | 405 sqft | AED 550KAED 550,000 · Jun 2023June 2023 | ||
| 1507 | 2-bed | 1,236 sqft | AED 1.36MAED 1,355,000 · Jul 2023July 2023 | ||
| 1509 | Studio | 425 sqft | AED 650KAED 650,000 · Nov 2024November 2024 | 50,000 /yr | |
| 1510 | Studio | 424 sqft | AED 550KAED 550,000 · Jul 2023July 2023 | 52,000 /yr | |
| 1511 | Studio | 423 sqft | AED 490KAED 490,000 · Mar 2024March 2024 | 70,000 /yr | |
| 1512 | 2-bed | 1,222 sqft | AED 1.39MAED 1,390,000 · Jul 2023July 2023 | 131,294 /yr | |
| 1513 | 1-bed | 858 sqft | AED 1.2MAED 1,200,000 · Aug 2026August 2026 | 70,000 /yr | |
| 1514 | 1-bed | 878 sqft | AED 882KAED 882,000 · Jul 2023July 2023 | 90,000 /yr | |
| 1515 | 1-bed | 761 sqft | AED 1.2MAED 1,200,000 · Oct 2026October 2026 |
1508, ELEVATE by Prescott in numbers
- Sold twice: first on 19 June 2023 for AED 900,000, last on 24 December 2024 for AED 1,250,000 (AED 1,389 per sqft).
- Rented since April 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 7.0%.
- 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 25 April 2026.
Questions about 1508, ELEVATE by Prescott
What did unit 1508 last sell for?
AED 1,250,000 on 24 December 2024: AED 1,389 per sqft for 900 sqft. The unit has 2 registered sales; the first was AED 900,000 in June 2023.
What is the rent for unit 1508?
AED 87,000 a year on the contract signed on 25 April 2026.
How big is unit 1508?
900 sqft (83.6 sqm): a one-bedroom apartment on the 15th floor of a 15-storey tower completed in 2025.
What is unit 1508 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 1508, ELEVATE by Prescott
Starts from the last sale price (AED 1.25M, 24 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →