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ELEVATE by Prescott

A studio in ELEVATE by Prescott costs a median AED 650,000, rents long-let for AED 50,000/yr (7.25% gross), and returns 22.86% short-let at the assumed 80% occupancy — -1.0 pts vs Arjan's 8.22% and +0.3 pts vs Dubai's 6.98% — from 52 sales and 59 rental contracts registered in the last 24 months through 26 Aug 2026.

Registered data
Sales · Studio
19 in 12 months
Rental contracts · Studio
59 in 12 months
Buy
650,000AED
AED 1,618/sqft
Long-let
50,000AED
AED 118/sqft · 7.25%
Short-let
22.86%
AED 631/night · 1.49/sqft

Price per sqft: Median of 7 registered sales of ready units in the last 3 months, most recent July 2026.

Priced off 7 sales in the last 3 months.

Yield spread
-1.0 pts
vs the Arjan median for this unit type
AED/yr/sqft
AED 118
Sales
52
Rental contracts
59
Short-let listings seen
10+

Based on 52 sales and 59 rental contracts in the last 24 months.

ELEVATE by Prescott is an apartment building in Arjan, Dubai. The closest metro station is Sharaf Dg Metro Station, the nearest mall Mall of the Emirates and the nearest landmark Motor City. Land Department records for it run from 2023 to 2026, 676 registered sales in all — the 52 in the last 24 months are what every median above is computed from.

Rents by bedroom type

TypeMedian rentAED/yr/sqftYieldContracts
StudioAED 50,0001187.25%
-1.0 pts
59
1 bedAED 80,0001006.77%
-1.1 pts
38
2 bedAED 121,000956.72%
-0.9 pts
8

Deltas compare each yield with the Arjan median for the same unit type. How these yields are computed

How these yields are computed
Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around ELEVATE by Prescott

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured
Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.
TypeNightly (AED)AED/night/sqftNet revenue at 80%Long-let rentUpliftShort-let yieldListings seen
Studio500m6311.49AED 148,578AED 50,0003.0×22.86%10+
1 bed500m4660.59AED 101,810AED 80,0001.3×9.43%22+
2 bed500m6680.54AED 144,015AED 121,0001.2×8.60%2+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

1 bed: first Oct 2026, 0.63 AED/night/sqft; latest Sep 2027, 0.48 AED/night/sqft; peak Nov 2026, 1.1 AED/night/sqft.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts
Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because ELEVATE by Prescott itself had too few listings of that type to measure.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

29 resales in the last 12 months, against 102 a year on average over 2023–2025.

Sales

DateTypeSqftPriceAED/sqft
19 Aug 20262 bed1,233AED 1,650,0001,338
18 Aug 20262 bed1,233AED 1,700,0001,379
12 Aug 20261 bed761AED 1,145,0001,505
6 Aug 20261 bed858AED 1,075,0001,253
5 Aug 20262 bed1,221AED 1,900,0001,556
5 Aug 20261 bed858AED 1,200,0001,398
3 Aug 20261 bed781AED 1,210,0001,548
24 Jul 20261 bed777AED 1,182,0001,520
23 Jul 2026Studio426AED 690,0001,618
13 Jul 2026Studio425AED 720,0001,693
7 Jul 2026Studio405AED 630,0001,557
22 Jun 2026Studio424AED 605,0001,427
18 Jun 2026Studio424AED 650,0001,532
16 Jun 2026Studio423AED 695,0001,642
4 Jun 20262 bed1,221AED 2,000,0001,638
3 Jun 2026Studio422AED 750,0001,776

16 resales in the last 3 months.

Rental contracts

StartTypeSqftAnnual rentAED/sqftContract
7 Sept 2026Studio425AED 50,000118New
5 Sept 2026Studio423AED 50,000118New
1 Sept 2026Studio415AED 47,500114New
1 Sept 2026Studio422AED 45,000107New
1 Sept 20261 bed761AED 83,000109New
1 Sept 20261 bed732AED 78,000107New
30 Aug 2026Studio422AED 55,000130New
30 Aug 20261 bed781AED 85,000109New
28 Aug 20261 bed761AED 76,000100New
28 Aug 2026Studio424AED 53,000125New
26 Aug 20261 bed858AED 85,00099New
26 Aug 20261 bed761AED 80,000105New
24 Aug 20262 bed1,233AED 100,00081New
22 Aug 2026Studio423AED 50,000118New
21 Aug 20261 bed874AED 85,00097New
18 Aug 2026Studio426AED 50,000117New
17 Aug 20262 bed1,233AED 124,000101New
15 Aug 20261 bed781AED 85,000109New
15 Aug 2026Studio425AED 52,000122New
12 Aug 2026Studio419AED 44,900107New
10 Aug 20261 bed732AED 80,000109New
10 Aug 20262 bed1,221AED 130,000106New
5 Aug 20261 bed910AED 80,00088New
1 Aug 2026Studio423AED 52,000123New
1 Aug 2026Studio423AED 50,000118New
1 Aug 2026Studio424AED 52,000123New
1 Aug 20261 bed761AED 75,00099New
28 Jul 2026Studio405AED 45,000111New
28 Jul 2026Studio419AED 47,000112New
27 Jul 20261 bed732AED 82,000112New
21 Jul 2026Studio426AED 50,000117New
17 Jul 2026Studio419AED 47,000112New
15 Jul 2026Studio415AED 50,000120New
15 Jul 20261 bed792AED 80,000101New
15 Jul 2026Studio423AED 44,000104New
15 Jul 2026Studio419AED 50,000119New
15 Jul 2026Studio459AED 55,000120New
10 Jul 2026Studio415AED 48,000116New
10 Jul 2026Studio421AED 48,000114New
10 Jul 20262 bed1,233AED 115,00093New
6 Jul 20261 bed873AED 78,00089New
5 Jul 20261 bed874AED 80,00092New
4 Jul 2026Studio426AED 55,000129New
3 Jul 2026Studio403AED 48,000119New
3 Jul 2026Studio419AED 47,000112New
3 Jul 2026Studio425AED 52,000122New
3 Jul 20261 bed858AED 86,500101New
2 Jul 20261 bed846AED 80,00095New
1 Jul 2026Studio424AED 52,000123New
1 Jul 2026Studio419AED 54,000129New
1 Jul 20261 bed873AED 75,00086New
1 Jul 20261 bed732AED 80,000109New
1 Jul 2026Studio403AED 47,000117New
1 Jul 2026Studio423AED 50,000118New
1 Jul 20261 bed874AED 80,00092New
1 Jul 2026Studio405AED 48,000119New
1 Jul 2026Studio424AED 50,000118New
1 Jul 2026Studio424AED 50,000118New
1 Jul 2026Studio424AED 52,000123New
1 Jul 2026Studio403AED 57,000141New

Showing the 60 most recent of 89 contracts starting on or after 26 May 2026.

Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors
18
Lifts
4
Parking bays
228
Swimming pools
1

Nearby

Metro
Sharaf Dg Metro Station
Mall
Mall of the Emirates
Landmark
Motor City

Compare with nearby buildings

The most-traded buildings in Arjan, on the same figures over the same window.

Common questions

What is the rental yield in ELEVATE by Prescott?
ELEVATE by Prescott returns 7.25% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 59 rental contracts registered in the last 24 months.
How much does a studio in ELEVATE by Prescott cost?
The median registered sale price is AED 650,000 (1,532 AED/sqft), from 52 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in ELEVATE by Prescott selling for right now?
Registered sales of ready units in ELEVATE by Prescott over the last 3 months have a median of 1,618 AED/sqft, across 7 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in ELEVATE by Prescott risen or fallen?
Median price per square foot moved +9.0% over the last 12 months against the 12 before it, on 52 registered sales. On a sample this size, read the direction rather than the exact figure.
How does ELEVATE by Prescott compare with Arjan?
Its 7.25% gross yield sits -1.0 pts against the Arjan median of 8.22%, computed at the same bedroom grain over the same 24-month window.

Source: Dubai Land Department open data — sale transactions and Ejari rental contracts. Data as of 2026-08-26. Short-let rates are collected separately from public Airbnb search results.

Gross yield divides median annual rent from new contracts by the median resale price for the same bedroom type over the last 24 months. Off-plan sales are included in price and trend figures but excluded from the yield denominator.

ELEVATE by Prescott rental record

Record type
Building-level property market record
Data date
Evidence base
59 registered rental contracts in the trailing 24 months for the default unit type
Sources
Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-let rates
Canonical record
/rent/apartments/dubai/arjan/elevate-by-prescott
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “ELEVATE by Prescott rents and yield.” Arjan, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/rent/apartments/dubai/arjan/elevate-by-prescott.

Stable dataJSON

Where this data stops

Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.