505, ELEVATE by Prescott
Sold prices and rental history: sold once, by the developer in July 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, ELEVATE by Prescott
What is 505 worth today?
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Source: Dubai Land Department. Updated 3 July 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,236 sqft
- Floor
- 5th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 1.28M · July 2023
- Building
- ELEVATE by Prescott
About 505, ELEVATE by Prescott
505 is a two-bedroom apartment of 1,236 sqft on the 5th floor of ELEVATE by Prescott, a 15-storey tower in Arjan completed in 2025 by Prescott Real Estate Development . The developer sold it on 3 July 2023 for AED 1,275,000, or AED 1,031 per sqft, 5% below the AED 1,084 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 505 over time
505 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in ELEVATE by Prescott, and where 505 sits
All 29 2-beds →505 last sold in July 2023 at AED 1,031 per sqft, 5% below what two-beds in ELEVATE by Prescott were fetching at the time (AED 1,084). Over the last 12 months two-beds sold for AED 1,800,000, around AED 1,473 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Feb 20264 February 2026 | 1,222 sqft | 1,800,000 | 1,473 | ||
| 24 Jul 202524 July 2025 | 1,236 sqft | 1,750,000 | 1,415 | ||
| 22 May 202522 May 2025 | 1,224 sqft | 1,540,000 | 1,257 | ||
| 11 Nov 202411 November 2024 | 1,224 sqft | 1,600,000 | 1,306 |
ELEVATE by Prescott
Building223 apartments, studios to 2-bed over 15 floors in Arjan, completed in 2025 by Prescott Real Estate Development . 10 sold in the last 12 months.
- Typical price per sqft
- AED 1,492 Up 2.9%
- Typical sale
- AED 1.08M
- Typical rent
- Few contracts
- Typical yield
Other units on the 5th floor
All 223 units in ELEVATE by Prescott| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 780 sqft | AED 1MAED 1,000,000 · Jan 2025January 2025 | ||
| 502 | 1-bed | 777 sqft | AED 860KAED 860,000 · May 2023May 2023 | ||
| 503 | 1-bed | 737 sqft | AED 1.1MAED 1,100,000 · Feb 2026February 2026 | ||
| 504 | Studio | 405 sqft | AED 620KAED 620,000 · May 2025May 2025 | ||
| 506 | Studio | 467 sqft | AED 540KAED 540,000 · May 2023May 2023 | ||
| 507 | Studio | 422 sqft | AED 550KAED 550,000 · Jul 2023July 2023 | ||
| 508 | Studio | 425 sqft | AED 525KAED 525,000 · Jun 2023June 2023 | ||
| 509 | Studio | 424 sqft | AED 525KAED 525,000 · Jul 2023July 2023 | ||
| 510 | Studio | 423 sqft | AED 525KAED 525,000 · Jun 2023June 2023 | ||
| 511 | 2-bed | 1,224 sqft | AED 1.6MAED 1,600,000 · Nov 2024November 2024 | ||
| 512 | Studio | 403 sqft | AED 680KAED 680,000 · Dec 2025December 2025 | ||
| 513 | Studio | 455 sqft | AED 650KAED 650,000 · Dec 2024December 2024 | ||
| 514 | 1-bed | 878 sqft | AED 870KAED 870,000 · May 2023May 2023 | ||
| 515 | 1-bed | 742 sqft | AED 850KAED 850,000 · Jul 2023July 2023 |
505, ELEVATE by Prescott in numbers
- Sold once: by Prescott Real Estate Development on 3 July 2023 for AED 1,275,000, or AED 1,031 per sqft.
- Two-beds in ELEVATE by Prescott sold for AED 1,800,000–1,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,492 per sqft.
Source: Dubai Land Department. Updated 3 July 2023.
Questions about 505, ELEVATE by Prescott
What did unit 505 last sell for?
AED 1,275,000 on 3 July 2023, sold by the developer: AED 1,031 per sqft for 1,236 sqft. It is the only registered sale of the unit.
How big is unit 505?
1,236 sqft (114.8 sqm): a two-bedroom apartment on the 5th floor of a 15-storey tower completed in 2025.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in ELEVATE by Prescott sold for AED 1,800,000 to 1,800,000 in the last 12 months, around AED 1,473 per sqft.
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Mortgage on 505, ELEVATE by Prescott
Starts from the last sale price (AED 1.28M, 3 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,275,000
- Deposit, UAE resident (20%)
- AED 255,000
- Deposit, non-resident (40%)
- AED 510,000
- Monthly over 25 years at 3.7%
- AED 5,216
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →