1511, ELEVATE by Prescott
Sold prices and rental history: sold twice, last in March 2024, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1511, ELEVATE by Prescott
What is 1511 worth today?
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Source: Dubai Land Department. Updated 12 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 423 sqft
- Floor
- 15th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 490K · March 2024
- Building
- ELEVATE by Prescott
About 1511, ELEVATE by Prescott
1511 is a studio of 423 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 15 March 2024 for AED 490,000, or AED 1,157 per sqft, 10% below the AED 1,281 studios in the building were fetching at the time.
One Ejari contract is registered, from 12 October 2026. The current contract, signed on 12 October 2026, is AED 70,000 a year: a gross yield of 14.3% on the 2024 price.
Sales and rents for 1511 over time
1511 has sold twice; the dashed line is the studio median of each year in the building.
Studios in ELEVATE by Prescott, and where 1511 sits
All 118 studios →1511 last sold in March 2024 at AED 1,157 per sqft, 10% below what studios in ELEVATE by Prescott were fetching at the time (AED 1,281). 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. 1511's AED 70,000 is at the top 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 | |
| 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 | |
| 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 |
1511, ELEVATE by Prescott in numbers
- Sold twice: first on 9 June 2023 for AED 550,000, last on 15 March 2024 for AED 490,000 (AED 1,157 per sqft).
- Rented since October 2026 on one Ejari contract, at AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2024 price is 14.3%.
- 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 12 October 2026.
Questions about 1511, ELEVATE by Prescott
What did unit 1511 last sell for?
AED 490,000 on 15 March 2024: AED 1,157 per sqft for 423 sqft. The unit has 2 registered sales; the first was AED 550,000 in June 2023.
What is the rent for unit 1511?
AED 70,000 a year on the contract signed on 12 October 2026.
How big is unit 1511?
423 sqft (39.3 sqm): a studio on the 15th floor of a 15-storey tower completed in 2025.
What is unit 1511 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 1511, ELEVATE by Prescott
Starts from the last sale price (AED 490K, 15 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 490,000
- Deposit, UAE resident (20%)
- AED 98,000
- Deposit, non-resident (40%)
- AED 196,000
- Monthly over 25 years at 3.7%
- AED 2,005
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →