505, ELEVATE by Prescott
Sold prices and rental history: sold once, by the developer in July 2023, and rented since 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, ELEVATE by Prescott
What is 505 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 26 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,236 sqft
- Floor
- 5th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 1.28M · July 2023
- Building
- ELEVATE by Prescott
About 505, ELEVATE by Prescott
505 is a two-bedroom apartment of 1,236 sqft on the 5th floor of ELEVATE by Prescott, a 15-storey tower in Arjan completed in 2025 by Prescott Real Estate Development . The developer sold it on 3 July 2023 for AED 1,275,000, or AED 1,031 per sqft, 4% below the AED 1,073 two-beds in the building were fetching at the time.
It has been rented since 2026 on 2 Ejari contracts. The current contract, signed on 26 October 2026, is AED 122,000 a year: a gross yield of 9.6% on the 2023 price.
Sales and rents for 505 over time
505 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in ELEVATE by Prescott, and where 505 sits
All 30 2-beds →505 last sold in July 2023 at AED 1,031 per sqft, 4% below what two-beds in ELEVATE by Prescott were fetching at the time (AED 1,073). Over the last 12 months two-beds sold for AED 1,300,000 to 2,000,000, around AED 1,473 per sqft, and rent for AED 100,000 to 145,000 a year. 505's AED 122,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 1,233 sqft | 1,660,000 | 1,346 | ||
| 19 Aug 202619 August 2026 | 1,233 sqft | 1,650,000 | 1,337 | ||
| 18 Aug 202618 August 2026 | 1,233 sqft | 1,700,000 | 1,378 | ||
| 4 Aug 20264 August 2026 | 1,221 sqft | 1,900,000 | 1,556 |
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 5th floor
All 223 units in ELEVATE by Prescott| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 777 sqft | AED 1.23MAED 1,230,000 · Apr 2026April 2026 | 78,000 /yr | |
| 502 | 1-bed | 780 sqft | AED 1.18MAED 1,180,000 · May 2026May 2026 | ||
| 503 | 1-bed | 732 sqft | AED 1.1MAED 1,100,000 · Feb 2026February 2026 | ||
| 504 | Studio | 405 sqft | AED 620KAED 620,000 · May 2025May 2025 | 52,000 /yr | |
| 506 | Studio | 467 sqft | AED 540KAED 540,000 · May 2023May 2023 | 50,000 /yr | |
| 507 | Studio | 422 sqft | AED 550KAED 550,000 · Jul 2023July 2023 | ||
| 508 | Studio | 425 sqft | AED 708KAED 707,750 · Apr 2026April 2026 | 53,000 /yr | |
| 509 | Studio | 424 sqft | AED 650KAED 650,000 · Jun 2026June 2026 | ||
| 510 | Studio | 423 sqft | AED 525KAED 525,000 · Jun 2023June 2023 | 49,000 /yr | |
| 511 | 2-bed | 1,224 sqft | AED 1.6MAED 1,600,000 · Nov 2024November 2024 | 118,000 /yr | |
| 512 | Studio | 403 sqft | AED 680KAED 680,000 · Dec 2025December 2025 | ||
| 513 | Studio | 459 sqft | AED 650KAED 650,000 · Dec 2024December 2024 | 55,000 /yr | |
| 514 | 1-bed | 878 sqft | AED 870KAED 870,000 · May 2023May 2023 | 80,000 /yr | |
| 515 | 1-bed | 742 sqft | AED 850KAED 850,000 · Jul 2023July 2023 | 80,000 /yr |
505, ELEVATE by Prescott in numbers
- Sold once: by Prescott Real Estate Development on 3 July 2023 for AED 1,275,000, or AED 1,031 per sqft.
- Rented since July 2026 on 2 Ejari contracts, from AED 115,000 to AED 122,000 a year.
- At AED 122,000 a year the gross yield on the 2023 price is 9.6%.
- Two-beds in ELEVATE by Prescott sold for AED 1,300,000–2,000,000 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 26 October 2026.
Questions about 505, ELEVATE by Prescott
What did unit 505 last sell for?
AED 1,275,000 on 3 July 2023, sold by the developer: AED 1,031 per sqft for 1,236 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 122,000 a year on the contract signed on 26 October 2026. The previous contract, from July 2026, was AED 115,000.
How big is unit 505?
1,236 sqft (114.8 sqm): a two-bedroom apartment on the 5th floor of a 15-storey tower completed in 2025.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in ELEVATE by Prescott sold for AED 1,300,000 to 2,000,000 in the last 12 months, around AED 1,473 per sqft.
Selling 505? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 505, ELEVATE by Prescott
Starts from the last sale price (AED 1.28M, 3 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,275,000
- Deposit, UAE resident (20%)
- AED 255,000
- Deposit, non-resident (40%)
- AED 510,000
- Monthly over 25 years at 3.7%
- AED 5,216
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →