What is the rental yield in ELEVATE by Prescott?

ELEVATE by Prescott returns 6.8% gross: a median new-contract rent of AED 80,000 a year (44 Ejari contracts in 12 months) over a price benchmark of AED 1.18M (median of 21 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.

How much does a 1 bedroom in ELEVATE by Prescott cost?

The median registered sale price is AED 1.18M (1,489 AED/sqft), from 21 Dubai Land Department sales in the last 12 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 12 months have a median of 1,505 AED/sqft, across 15 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.

Have prices in ELEVATE by Prescott risen or fallen?

Median price per square foot moved +11.6% over the last 12 months against the 12 before it, on 21 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.

How does ELEVATE by Prescott compare with Arjan?

Its 6.8% gross yield sits -0.8 pts against the Arjan median of 7.5%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.

ELEVATE by Prescott

Completed 2026
18 floors
4 lifts
228 parking bays
1 pool
Master developer Prescott

A 1 bed in ELEVATE by Prescott costs a median AED 1.18M, rents long-let for AED 80,000/yr (6.8% gross), and returns 7.4% short-term at the assumed 70% occupancy.

Satellite view of ELEVATE by Prescott, Arjan, Dubai, centred on its registered pin. Apple Maps. — Satellite view of the registered pin · Apple Maps

Satellite view of the Arjan district around ELEVATE by Prescott, with roads and landmarks named. Apple Maps.

Street map around ELEVATE by Prescott, Arjan, centred on its registered pin. Apple Maps.

1 bed · typical price

1.18MAED

AED 1,505/sqft · +11.6% on a year

Rent a year: AED 80,000
Gross yield: 6.8%
vs Arjan: 7% above the median

Cost to buy, all inAED 1.26M

Price: AED 1.18M
DLD fee 4%: AED 47,280
Agent 2% + VAT: AED 24,822
Trustee: AED 4,200

Fees repaid by rent11 months

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Is ELEVATE by Prescott a good investment?Easy to let, prices rising and easy to sell, with nothing to watch; no record of the rent trend

Does it pay a good rent?6.8% gross, before the service charge (not on file) (Dubai median 6.8%)6.8%Fair
Is it easy to let?65% of units signed a yearly lease in 12 months; the typical Arjan building manages 47%65%Strength
Arjan median 47% · top tenth from 78%ELEVATE by Prescott · 65%
Across 56 Arjan buildings with 40 or more units, the median signed annual leases on 47% of units in 12 months and the top tenth on 78% or more; ELEVATE by Prescott is at 65%.
Are rents going up?Too few new leases on both sides of the year to measure a changeNo record
Are prices going up?1 bed: AED 1,334/sqft a year ago, 1,489 now+11.6%Strength
How fast do fees pay back?AED 76,302 in fees to buy a 1 bed; rent covers it in 1.0 years1.0 yrs
Can I sell easily?52 sales in 12 months, 23% of the tower (53 the year before)52Strength
Is a lot being built nearby?4,562 apartments are planned in Arjan from 2026 to 2028, equal to 33% of the 13,783 homes let there today. A further 1,697 are past their planned date. Arjan supply by year →33%Fair
Did earlier buyers gain?Up 30% for launch buyers, before fees+30.1%Context

Readings use published thresholds · 1 bed figures, the most traded type · Data to 12 Oct 2026

Check an asking price →How each reading works →

ELEVATE by Prescott prices and rents by unit typeA one-bed costs about AED 1.18M and rents for about AED 80,000 a year

Type	Median price	New rent	12-month change	Sales
Studio118 units · 422 sqft	AED 690,0001,654/sqftlaunch 1,281 +28.9%	7.3%-0.8 pts	AED 50,00078 contracts	+10.9%	19
1 bed75 units · 792 sqft	AED 1.18M1,489/sqftlaunch 1,047 +43.7%	6.8%-0.8 pts	AED 80,00044 contracts	+11.6%	21
2 bed30 units · 1,233 sqft	AED 1.84M1,507/sqftlaunch 1,064 +45.5%	6.6%-0.8 pts	AED 121,00010 contracts	no prior year	12

Appreciation, rental income and short-term detail, by unit type

Appreciation

1 bed · price per sqft · Arjan · area median AED 1,390/sqft

12-month change: +11.6%
3 years: +42.2% · +12.4%/yr
vs area median: +7.1%
Rank by price per sqft: 28th of 75
Off-plan price gain, 2023–2026: +35.1% · +22.2%/yr

Rental income

1 bed · Arjan

Gross yield: 6.8%
Median new rent: AED 80,000/yr
Yield vs area median: -0.8 pts
Yield vs Dubai (6.8%): +0.0 pts
Yield rank: 37th of 43

Short-term income

1 bed · 70% occupancy · 7-night stays · within 500 m

Modelled yield at 70% occupancy: 7.4%
Median nightly rate: AED 466
Net revenue: AED 87,293/yr
vs long-let rent: 1.1×
Listings seen: 22+

Price history and sales

As filed with the Land Department — data to 2026-10-12.

Sale price, AED (right axis) Rent on new leases, AED a year (left axis)

Median price paid, 1 bed, as a rolling 3-month median, with the rent on new leases on the same basis. The band along the bottom is the number of sales each month.

Did earlier buyers gain?

Median paid per sqft, all types, against today’s 1,544 · before fees

Launch, 2023–26: 1,187; +30%; 224 sales
3 years ago: 1,187; +30%; 221 sales
Previous 12 months: 1,447; +7%; 53 sales
Last 12 months: 1,544; today; 52 sales

The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.

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

Date	Type	Sqft	Price
9 Oct 2026	Studio	405	AED 670,000	1,656
8 Oct 2026	Studio	425	AED 700,000	1,646
2 Oct 2026	1 bed	761	AED 1,200,000	1,578
21 Sept 2026	1 bed	906	AED 1,320,000	1,457
16 Sept 2026	1 bed	732	AED 1,125,000	1,537
11 Sept 2026	1 bed	732	AED 1,090,000	1,489
4 Sept 2026	Studio	423	AED 715,000	1,689
31 Aug 2026	2 bed	1,221	AED 1,900,000	1,556
19 Aug 2026	2 bed	1,233	AED 1,650,000	1,338
18 Aug 2026	2 bed	1,233	AED 1,700,000	1,379

37 resales in the last 12 months.

Short-term rates around ELEVATE by Prescott

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

Occupancy assumption70%

Type	Nightly, AED	Net revenue at 70%	Long-let rent	Uplift	Net yield
Studio500 m cluster · 10+ listings seen	6311.51/sqft	AED 129,232	AED 50,000	2.6×	18.7%
1 bed500 m cluster · 22+ listings seen	4660.59/sqft	AED 87,293	AED 80,000	1.1×	7.4%
2 bed500 m cluster · 2+ listings seen	6680.55/sqft	AED 123,628	AED 121,000	1.0×	6.7%

Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.

Nightly rate through the year

Comparables in Arjan

Every Arjan building with a page, ranked by price per sqft over the same 12 months, all unit types. ELEVATE by Prescott places 32nd of 100; the nearest 8 are shown.

Highest rental yields in Arjan →

Rank	Building	Median price	Gross yield	12-month change	Sales
28	The Central Downtown-B4% · Q1 2028 · off-plan 1,425/sqft	AED 910,888	1,581+2.4%	—	+7.2%	18
29	Curve by Sentro	AED 1.50M	1,577+2.1%	—	—	3
30	Marquis Insignia5% · off-plan 1,491/sqft	AED 1.77M	1,572+1.8%	—	+1.9%	7
31	The Central Downtown-C4% · Q1 2028 · off-plan 1,425/sqft	AED 1.28M	1,557+0.9%	—	+9.2%	36
32	ELEVATE by Prescott · this buildingCompleted 2026 · off-plan 1,249/sqft	AED 1.12M	1,544	4.8%	+6.7%	52
33	Prime GardensCompleted 2024 · off-plan 1,036/sqft	AED 960,000	1,525-1.2%	7.9%	+6.7%	16
34	Skyz by DanubeCompleted 2025 · off-plan 1,237/sqft	AED 680,000	1,516-1.8%	7.8%	+8.2%	101
35	Avelon BoulevardCompleted 2026 · off-plan 1,438/sqft	AED 770,000	1,490-3.5%	7.1%	+4.7%	26
36	Gardens 240% · Q4 2025 · off-plan 1,443/sqft	AED 757,500	1,490-3.5%	7.3%	-2.7%	30

Rank 1 is the dearest per square foot. Differences are against ELEVATE by Prescott (AED 1,544/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.

At 1 bed, ELEVATE by Prescott has registered sale prices 7% above the Arjan median price per square foot of 1,390 AED, across 75 eligible buildings. It ranks 28th of 75 by price per square foot and 37th of 43 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 activity

Planned 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 supply

Supply 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 counted

Find service-charge budget evidence for ELEVATE by Prescott

Direct 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.

About ELEVATE by Prescott

ELEVATE by Prescott is an apartment building completed in 2026 by Prescott in Arjan. 346 sales are registered with the Dubai Land Department.

Pinned from Google's place record for the registered name.Open in Google Maps

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

ELEVATE by Prescott: AED 1,544 per sq ft, 12% above the median Arjan building, and a 4.8% gross yield, in the bottom tenth of the area

The building's own figures against its area's registered market, last twelve months.

Price per sq ft

Median registered sale price, AED per sq ft, last 12 months

ELEVATE by PrescottAED 1,544
Arjan, readyAED 1,354
Arjan, off-planAED 1,668
Dubai, readyAED 1,421

Dark: this building. Grey: the area's ready and off-plan medians, and Dubai's ready median. Source: DLD registered sales.

Gross yield against the area's buildings

Axis: gross yield, % of price

ELEVATE by PrescottArjan median building

Arjan4.8% vs 7.9%

Line: the 10th to 90th percentile of 72 buildings in Arjan. Gross: before service charge, vacancy and fees. Sources: DLD, Ejari.

Upcoming supply in Arjan, by handover quarter

Nearby in Arjan

Every building in Arjan →

Prices per sq ft around ELEVATE by Prescott, on the map

Pills show median sale price, AED. 82 buildings pinned from Google place records and Apple geocoding · ELEVATE by Prescott is the inverted pinOpen in Apple Maps

Samana Imperial Garden

Arjan · 322 sales, 12 months

971,500

AED, resale median · 1,912/sqft

Skyz by Danube

Arjan · 101 sales, 12 months

680,000

AED, resale median · 1,516/sqft

Empire Estates

Arjan · 94 sales, 12 months

1.25M

AED, resale median · 1,716/sqft

Al Madar Siraj Tower

Arjan · 74 sales, 12 months

800,000

AED, resale median · 1,168/sqft

Before you decide

The facts that can change the return, each with the date it rests on.

Sales and rents to
2026-10-12 — Dubai Land Department and Ejari, trailing 12 months
On record
Sales evidence · 1 bed
21 registered sales in 12 months
On record
Rental evidence · 1 bed
44 new and 0 renewal contracts in 12 months · rent source: this building
On record
Service charge
Not on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.
Not on record
Project register
ELEVATE by Prescott: recorded complete 2026-06-04 · register data to 2026-07-06
On record
Developer
Prescott · delivery record
On record
Short-term assumption
Modelled at the published 70% occupancy on 22 listings seen; the dial above changes every short-term figure on this page
Read with care
Building record
DLD building record · data to 2026-10-13
On record
Costs not included
4% DLD transfer fee, agency fee, mortgage, vacancy, furnishing. Every yield is gross.
Not in the yield

Rent or buy

What owning a 1 bed here costs against renting it, at stated assumptions you can change.

Monthly cost of owning against renting, with your own deposit and rate

Prefilled from ELEVATE by Prescott’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of 2026-09-17. Change any figure.

Purchase price, AED

Annual rent, AED

Down payment, %

Residency

More assumptions

Interest rate, % a year

Term, years

Horizon, years

Annual service charge, AED

The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.

Monthly mortgage: 5,256AED; 4.5% over 25 years
Monthly rent: 6,667AED; AED 80,000 a year
Cash needed at purchase: 327,522AED; 20% down plus AED 91,122 in fees

Owning costs AED 293,925 less than renting over 5 years, once the sale is counted.

Buying overtakes renting in year 2.

Cumulative cost by year: renting (solid) against owning net of a sale that year (dashed), at the assumptions above.

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Common questions

What is the rental yield in ELEVATE by Prescott?: ELEVATE by Prescott returns 6.8% gross: a median new-contract rent of AED 80,000 a year (44 Ejari contracts in 12 months) over a price benchmark of AED 1.18M (median of 21 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.
How much does a 1 bedroom in ELEVATE by Prescott cost?: The median registered sale price is AED 1.18M (1,489 AED/sqft), from 21 Dubai Land Department sales in the last 12 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 12 months have a median of 1,505 AED/sqft, across 15 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
Have prices in ELEVATE by Prescott risen or fallen?: Median price per square foot moved +11.6% over the last 12 months against the 12 before it, on 21 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
How does ELEVATE by Prescott compare with Arjan?: Its 6.8% gross yield sits -0.8 pts against the Arjan median of 7.5%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.

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