1509, ELEVATE by Prescott
Sold prices and rental history: sold twice, last in November 2024, 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 1509, ELEVATE by Prescott
What is 1509 worth today?
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Source: Dubai Land Department. Updated 18 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 425 sqft
- Floor
- 15th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 650K · November 2024
- Building
- ELEVATE by Prescott
About 1509, ELEVATE by Prescott
1509 is a studio of 425 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 28 November 2024 for AED 650,000, or AED 1,528 per sqft, 18% above the AED 1,300 studios in the building were fetching at the time.
One Ejari contract is registered, from 18 August 2026. The current contract, signed on 18 August 2026, is AED 50,000 a year: a gross yield of 7.7% on the 2024 price.
Sales and rents for 1509 over time
1509 has sold twice; the dashed line is the studio median of each year in the building.
Studios in ELEVATE by Prescott, and where 1509 sits
All 118 studios →1509 last sold in November 2024 at AED 1,528 per sqft, 18% above what studios in ELEVATE by Prescott were fetching at the time (AED 1,300). 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. 1509'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 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 | ||
| 1508 | 1-bed | 900 sqft | AED 1.25MAED 1,250,000 · Dec 2024December 2024 | 87,000 /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 |
1509, ELEVATE by Prescott in numbers
- Sold twice: first on 10 July 2023 for AED 550,000, last on 28 November 2024 for AED 650,000 (AED 1,528 per sqft).
- Rented since August 2026 on one Ejari contract, at AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2024 price is 7.7%.
- 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 18 August 2026.
Questions about 1509, ELEVATE by Prescott
What did unit 1509 last sell for?
AED 650,000 on 28 November 2024: AED 1,528 per sqft for 425 sqft. The unit has 2 registered sales; the first was AED 550,000 in July 2023.
What is the rent for unit 1509?
AED 50,000 a year on the contract signed on 18 August 2026.
How big is unit 1509?
425 sqft (39.5 sqm): a studio on the 15th floor of a 15-storey tower completed in 2025.
What is unit 1509 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 1509, ELEVATE by Prescott
Starts from the last sale price (AED 650K, 28 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →