ELEVATE by Prescott rents
- 132 new leases and 13 renewals in 12 months
- 223 units
- Arjan
- near Sharaf Dg Metro Station
A studio here leases for about AED 50,000 a year, 2% above the typical Arjan studio.
Studio · typical new lease
50,000AEDa year
AED 118/sqft
- A month, roughly
- AED 4,167
- vs Arjan studio
- 2% above the median
- New leases, 12 months
- 78
What should a lease in ELEVATE by Prescott cost?A studio leases for about AED 50,000 a year
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Arjan median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
Chart data, Studio: 2026, AED 50,000; latest, 2026, AED 50,000; peak, 2026, AED 50,000.
Showing the 60 most recent of 145 contracts starting on or after 12 Oct 2025.
About ELEVATE by PrescottAn 18-floor tower in Arjan, an 18-minute drive from Dubai Marina
ELEVATE by Prescott is an apartment building completed in 2026 by Prescott in Arjan. 145 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Floors
- 18
- Lifts
- 4
- Parking bays
- 228
- Pools
- 1
- Master developer
- Prescott
Drive times · typical
- Downtown
- 23 min · 21 km
- DXB Airport
- 25 min · 30 km
- DIFC
- 21 min · 24 km
- Dubai Marina
- 18 min · 18 km
- Palm Jumeirah
- 24 min · 22 km
Nearest, as registered
- Metro
- Sharaf Dg Metro Station
- Mall
- Mall of the Emirates
- Landmark
- Motor City
Letting a unit in ELEVATE by Prescott?65% of units here signed a yearly lease in 12 months, above the Arjan median; new tenants pay less than renewing ones
- Units on a yearly lease
- 65%Strength
- Arjan median 47%; top tenth from 78%
- New tenant vs renewal
- -32.5%
- New leases AED 54,000, renewals 80,000, all types
- Short-let instead, studio
- AED 631
- a night on Airbnb; nets 2.6× the yearly rent at 70% occupancy, after fees, cleaning and utilities
Ejari leases to 12 Oct 2026 · Airbnb asking rates for the next 12 months; occupancy is an assumption, not a measurement
Thinking of selling? ELEVATE by Prescott sale prices →Comparables in Arjan
Every Arjan building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. ELEVATE by Prescott places 16th of 78; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against ELEVATE by Prescott.
At studio, ELEVATE by Prescott ranks 16th of 47 by rent per square foot and 36th of 42 by gross yield in Arjan.
Market context in Arjan
Registered sales activity
1,328 ready apartment sales in the 12 months to 2026-10-12.
+9.0% in median AED/sqft versus the preceding year, supported by 1,328 current and 1,211 prior price observations.
Explore sales activityPlanned apartment projects
2,007 known registered units across 5 pending projects planned within one year of the 2026-07-06 register.
6 projects had already passed their planned date; 3 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
4,562 apartments are planned in Arjan from 2026 to 2028, equal to 33% of the 13,783 homes let there today.
Ready prices per sqft fell in 25% of 52 buildings (counted once per bedroom type) in Arjan with sales in both years; the typical one moved +4.1%.
The pooled median moved +9.0%: 4.9 points more than the typical building, because different buildings traded in each year.
New-lease rents fell in 58% of 64 buildings (counted once per bedroom type) with leases in both years; the typical one moved −2.0%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
More from Prescott
Prime Residency 3
Al Furjan · 176 contracts, 12 months
50,000
AED a year median · 111/sqft
Prime Views by Prescott
Meydan · 72 contracts, 12 months
87,500
AED a year median · 95/sqft
Prime Gardens
Arjan · 48 contracts, 12 months
76,085
AED a year median · 109/sqft
Serene Gardens 2 By Prescott
Discovery Gardens · 30 contracts, 12 months
45,000
AED a year median · 89/sqft
Nearby in Arjan
Prices per sq ft around ELEVATE by Prescott, on the mapPrices per sq ft around ELEVATE by Prescott, on the map
Skyz by Danube
Arjan · 586 contracts, 12 months
53,000
AED a year median · 121/sqft
Torino by ORO24 - 4
Arjan · 439 contracts, 12 months
65,000
AED a year median · 137/sqft
Torino by ORO24 - 1
Arjan · 439 contracts, 12 months
65,000
AED a year median · 137/sqft
Torino by ORO24 - 2
Arjan · 439 contracts, 12 months
65,000
AED a year median · 137/sqft
Ask about ELEVATE by Prescott
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We reply by phone, WhatsApp or email, and put you in touch with a licensed agent.
Common questions
- What is the registered annual rent for a studio in ELEVATE by Prescott?
- The median new annual rent is AED 50,000, from 78 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.
- How many apartments change hands in ELEVATE by Prescott?
- 19 sales were registered with the Dubai Land Department in the last 12 months, alongside 78 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to ELEVATE by Prescott?
- Sharaf Dg Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Mall of the Emirates.
- What is the rental yield in ELEVATE by Prescott?
- ELEVATE by Prescott returns 7.3% gross: a median new-contract rent of AED 50,000 a year (78 Ejari contracts in 12 months) over a price benchmark of AED 690,000 (median of 19 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.
- How much does a studio in ELEVATE by Prescott cost?
- The median registered sale price is AED 690,000 (1,654 AED/sqft), from 19 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
For agents
Send this page to a client as a branded report
ELEVATE by Prescott rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 44 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /rent/apartments/dubai/arjan/elevate-by-prescott
Cite as: Dubai Wealth Index. “ELEVATE by Prescott rents and yield.” Arjan, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/arjan/elevate-by-prescott
Stable dataJSON