508, ELEVATE by Prescott
Sold prices and rental history: sold twice, last in April 2026, and rented once, from May 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, ELEVATE by Prescott
What is 508 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 1 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 425 sqft
- Floor
- 5th of 15
- Parking
- G-77
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 708K · April 2026
- Building
- ELEVATE by Prescott
About 508, ELEVATE by Prescott
508 is a studio of 425 sqft on the 5th floor of ELEVATE by Prescott, a 15-storey tower in Arjan completed in 2025 by Prescott Real Estate Development . It last sold on 21 April 2026 for AED 707,750, or AED 1,665 per sqft, 5% above the AED 1,587 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 May 2026. The current contract, signed on 1 May 2026, is AED 53,000 a year: a gross yield of 7.5% on the 2026 price.
Sales and rents for 508 over time
508 has sold twice; the dashed line is the studio median of each year in the building.
Studios in ELEVATE by Prescott, and where 508 sits
All 118 studios →508 last sold in April 2026 at AED 1,665 per sqft, 5% above what studios in ELEVATE by Prescott were fetching at the time (AED 1,587). 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. 508's AED 53,000 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 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 | |
| 505 | 2-bed | 1,236 sqft | AED 1.28MAED 1,275,000 · Jul 2023July 2023 | 122,000 /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 | ||
| 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 |
508, ELEVATE by Prescott in numbers
- Sold twice: first on 21 June 2023 for AED 525,000, last on 21 April 2026 for AED 707,750 (AED 1,665 per sqft).
- Rented since May 2026 on one Ejari contract, at AED 53,000 a year.
- At AED 53,000 a year the gross yield on the 2026 price is 7.5%.
- 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 1 May 2026.
Questions about 508, ELEVATE by Prescott
What did unit 508 last sell for?
AED 707,750 on 21 April 2026: AED 1,665 per sqft for 425 sqft. The unit has 2 registered sales; the first was AED 525,000 in June 2023.
What is the rent for unit 508?
AED 53,000 a year on the contract signed on 1 May 2026.
How big is unit 508?
425 sqft (39.5 sqm): a studio on the 5th floor of a 15-storey tower completed in 2025.
What is unit 508 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.
Selling 508? 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 508, ELEVATE by Prescott
Starts from the last sale price (AED 708K, 21 April 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 707,750
- Deposit, UAE resident (20%)
- AED 141,550
- Deposit, non-resident (40%)
- AED 283,100
- Monthly over 25 years at 3.7%
- AED 2,896
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →