704, ELEVATE by Prescott
Sold prices and rental history: sold once, by the developer in June 2023, and rented once, from July 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, ELEVATE by Prescott
What is 704 worth today?
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Source: Dubai Land Department. Updated 15 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 414 sqft
- Floor
- 7th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 520K · June 2023
- Building
- ELEVATE by Prescott
About 704, ELEVATE by Prescott
704 is a studio of 414 sqft on the 7th floor of ELEVATE by Prescott, a 15-storey tower in Arjan completed in 2025 by Prescott Real Estate Development . The developer sold it on 1 June 2023 for AED 520,000, or AED 1,255 per sqft, in line with the AED 1,257 studios in the building were fetching at the time.
One Ejari contract is registered, from 15 July 2026. The current contract, signed on 15 July 2026, is AED 50,000 a year: a gross yield of 9.6% on the 2023 price.
Sales and rents for 704 over time
704 has sold once; the dashed line is the studio median of each year in the building.
Studios in ELEVATE by Prescott, and where 704 sits
All 118 studios →704 last sold in June 2023 at AED 1,255 per sqft, in line with what studios in ELEVATE by Prescott were fetching at the time (AED 1,257). 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. 704'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 7th floor
All 223 units in ELEVATE by Prescott| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | Studio | 419 sqft | AED 540KAED 540,000 · Jul 2023July 2023 | 47,000 /yr | |
| 702 | Studio | 416 sqft | AED 525KAED 525,000 · Jul 2023July 2023 | ||
| 703 | Studio | 416 sqft | AED 525KAED 525,000 · Jul 2023July 2023 | 50,000 /yr | |
| 705 | 1-bed | 737 sqft | AED 840KAED 840,000 · Jun 2023June 2023 | 80,000 /yr | |
| 706 | Studio | 405 sqft | AED 670KAED 670,000 · Oct 2026October 2026 | ||
| 707 | 2-bed | 1,236 sqft | AED 1.28MAED 1,275,000 · Jul 2023July 2023 | ||
| 708 | 1-bed | 900 sqft | AED 870KAED 870,000 · Jul 2023July 2023 | ||
| 709 | Studio | 426 sqft | AED 690KAED 690,000 · Jul 2026July 2026 | 50,000 /yr | |
| 710 | Studio | 424 sqft | AED 720KAED 720,000 · Dec 2025December 2025 | ||
| 711 | Studio | 423 sqft | AED 530KAED 530,000 · Jul 2023July 2023 | ||
| 712 | 2-bed | 1,222 sqft | AED 1.33MAED 1,325,000 · Jun 2023June 2023 | 128,000 /yr | |
| 713 | 1-bed | 858 sqft | AED 1.08MAED 1,075,000 · Aug 2026August 2026 | 85,000 /yr | |
| 714 | 1-bed | 878 sqft | AED 880KAED 880,000 · Jun 2023June 2023 | 80,000 /yr | |
| 715 | 1-bed | 761 sqft | AED 1.11MAED 1,110,000 · Nov 2025November 2025 | 80,000 /yr |
704, ELEVATE by Prescott in numbers
- Sold once: by Prescott Real Estate Development on 1 June 2023 for AED 520,000, or AED 1,255 per sqft.
- Rented since July 2026 on one Ejari contract, at AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2023 price is 9.6%.
- 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 15 July 2026.
Questions about 704, ELEVATE by Prescott
What did unit 704 last sell for?
AED 520,000 on 1 June 2023, sold by the developer: AED 1,255 per sqft for 414 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 50,000 a year on the contract signed on 15 July 2026.
How big is unit 704?
414 sqft (38.5 sqm): a studio on the 7th floor of a 15-storey tower completed in 2025.
What is unit 704 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 704, ELEVATE by Prescott
Starts from the last sale price (AED 520K, 1 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 520,000
- Deposit, UAE resident (20%)
- AED 104,000
- Deposit, non-resident (40%)
- AED 208,000
- Monthly over 25 years at 3.7%
- AED 2,127
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →