408, ELEVATE by Prescott
Sold prices and rental history: sold once, by the developer in June 2023, and rented once, from September 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, ELEVATE by Prescott
What is 408 worth today?
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Source: Dubai Land Department. Updated 27 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 425 sqft
- Floor
- 4th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 540K · June 2023
- Building
- ELEVATE by Prescott
About 408, ELEVATE by Prescott
408 is a studio of 425 sqft on the 4th floor of ELEVATE by Prescott, a 15-storey tower in Arjan completed in 2025 by Prescott Real Estate Development . The developer sold it on 14 June 2023 for AED 540,000, or AED 1,270 per sqft, in line with the AED 1,262 studios in the building were fetching at the time.
One Ejari contract is registered, from 27 September 2026. The current contract, signed on 27 September 2026, is AED 47,000 a year: a gross yield of 8.7% on the 2023 price.
Sales and rents for 408 over time
408 has sold once; the dashed line is the studio median of each year in the building.
Studios in ELEVATE by Prescott, and where 408 sits
All 118 studios →408 last sold in June 2023 at AED 1,270 per sqft, in line with 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. 408's AED 47,000 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 4th floor
All 223 units in ELEVATE by Prescott| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 777 sqft | AED 1.18MAED 1,182,000 · Jul 2026July 2026 | ||
| 402 | 1-bed | 777 sqft | AED 850KAED 850,000 · Jun 2023June 2023 | 80,000 /yr | |
| 403 | 1-bed | 732 sqft | AED 1.13MAED 1,125,000 · Sep 2026September 2026 | ||
| 404 | Studio | 405 sqft | AED 530KAED 530,000 · Jul 2023July 2023 | 50,000 /yr | |
| 405 | 2-bed | 1,236 sqft | AED 1.24MAED 1,240,000 · Jul 2023July 2023 | 100,000 /yr | |
| 406 | Studio | 474 sqft | AED 600KAED 600,000 · Aug 2024August 2024 | ||
| 407 | Studio | 422 sqft | AED 615KAED 615,000 · Sep 2024September 2024 | 55,000 /yr | |
| 409 | Studio | 424 sqft | AED 660KAED 660,000 · Apr 2025April 2025 | ||
| 410 | Studio | 423 sqft | AED 540KAED 540,000 · Jun 2023June 2023 | 50,000 /yr | |
| 411 | 2-bed | 1,224 sqft | AED 1.54MAED 1,540,000 · May 2025May 2025 | ||
| 412 | Studio | 403 sqft | AED 540KAED 540,000 · Jul 2023July 2023 | ||
| 413 | Studio | 455 sqft | AED 540KAED 540,000 · Jul 2023July 2023 | 55,000 /yr | |
| 414 | 1-bed | 878 sqft | AED 1.2MAED 1,200,000 · Jan 2026January 2026 | 90,000 /yr | |
| 415 | 1-bed | 742 sqft | AED 840KAED 840,000 · May 2023May 2023 | 80,000 /yr |
408, ELEVATE by Prescott in numbers
- Sold once: by Prescott Real Estate Development on 14 June 2023 for AED 540,000, or AED 1,270 per sqft.
- Rented since September 2026 on one Ejari contract, at AED 47,000 a year.
- At AED 47,000 a year the gross yield on the 2023 price is 8.7%.
- 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 27 September 2026.
Questions about 408, ELEVATE by Prescott
What did unit 408 last sell for?
AED 540,000 on 14 June 2023, sold by the developer: AED 1,270 per sqft for 425 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 47,000 a year on the contract signed on 27 September 2026.
How big is unit 408?
425 sqft (39.5 sqm): a studio on the 4th floor of a 15-storey tower completed in 2025.
What is unit 408 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 408, ELEVATE by Prescott
Starts from the last sale price (AED 540K, 14 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 540,000
- Deposit, UAE resident (20%)
- AED 108,000
- Deposit, non-resident (40%)
- AED 216,000
- Monthly over 25 years at 3.7%
- AED 2,209
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →