506, ELEVATE by Prescott
Sold prices and rental history: sold once, by the developer in May 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 506, ELEVATE by Prescott
What is 506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 23 May 2023.
Key facts
- Type
- Studio apartment
- Size
- 467 sqft
- Floor
- 5th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 540K · May 2023
- Building
- ELEVATE by Prescott
About 506, ELEVATE by Prescott
506 is a studio of 467 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 23 May 2023 for AED 540,000, or AED 1,155 per sqft, 8% below the AED 1,249 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 has sold once; the dashed line is the studio median of each year in the building.
Studios in ELEVATE by Prescott, and where 506 sits
All 111 studios →506 last sold in May 2023 at AED 1,155 per sqft, 8% below what studios in ELEVATE by Prescott were fetching at the time (AED 1,249). Over the last 12 months studios sold for AED 680,000 to 720,000, around AED 1,692 per sqft.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Dec 202523 December 2025 | 423 sqft | 700,000 | 1,653 | ||
| 22 Dec 202522 December 2025 | 403 sqft | 690,000 | 1,711 | ||
| 12 Dec 202512 December 2025 | 424 sqft | 720,000 | 1,697 | ||
| 8 Dec 20258 December 2025 | 403 sqft | 680,000 | 1,686 |
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 | ||
| 505 | 2-bed | 1,236 sqft | AED 1.28MAED 1,275,000 · Jul 2023July 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 |
506, ELEVATE by Prescott in numbers
- Sold once: by Prescott Real Estate Development on 23 May 2023 for AED 540,000, or AED 1,155 per sqft.
- Studios in ELEVATE by Prescott sold for AED 680,000–720,000 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 23 May 2023.
Questions about 506, ELEVATE by Prescott
What did unit 506 last sell for?
AED 540,000 on 23 May 2023, sold by the developer: AED 1,155 per sqft for 467 sqft. It is the only registered sale of the unit.
How big is unit 506?
467 sqft (43.4 sqm): a studio on the 5th floor of a 15-storey tower completed in 2025.
What is unit 506 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 680,000 to 720,000 in the last 12 months, around AED 1,692 per sqft.
Selling 506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 506, ELEVATE by Prescott
Starts from the last sale price (AED 540K, 23 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 540,000
- Deposit, UAE resident (20%)
- AED 108,000
- Deposit, non-resident (40%)
- AED 216,000
- Monthly over 25 years at 3.7%
- AED 2,209
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →