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ELEVATE by Prescott, Arjan: rental yield, prices & rents

In the 24 months to 5 October 2026, DLD registered 103 sales and 125 rent contracts in ELEVATE by Prescott, Arjan. A studio apartment sold for a median AED 650K and rented for AED 50K a year: a gross yield of 7.7%. The Arjan median for the same home type is 6.2% (last 12 months).

See every ELEVATE by Prescott sale and rental in the explorer →

Prices and yields by home type

Medians for the 24 months to 5 October 2026. Gross yield = median annual rent ÷ median sale price.

Home typeMedian priceAED / sq ftGross yieldSales
Studio apartmentAED 650K1,5357.7%50
1-bed apartmentAED 1.10M1,3987.2%38
2-bed apartmentAED 1.75M1,4157.1%15

Rent guide: what tenants pay in ELEVATE by Prescott

The 24 months to 5 October 2026. Typical = median. “Most pay” is the middle half of contracts. New lease is what a new tenant agreed; renewal is an existing tenant renewing, often lower because renewal increases are limited by the RERA rental index.

Home typeTypical rent / yearPer monthMost payNew leaseRenewalContracts
Studio apartmentAED 50KAED 4,167AED 47K – AED 52KAED 50K—73
1-bed apartmentAED 80KAED 6,667AED 78K – AED 85KAED 80K—43
2-bed apartmentAED 124KAED 10KAED 115K – AED 128KAED 124K—9

Price and rent trend

Median sale price per sq ft (AED), by month
1,2001,4001,6001,800Nov 2024Sep 2025Sep 2026 1,513Nov 2024: AED 1,334 per sq ftDec 2024: AED 1,447 per sq ftJan 2025: AED 1,420 per sq ftFeb 2025: AED 1,383 per sq ftMar 2025: AED 1,443 per sq ftMay 2025: AED 1,485 per sq ftJun 2025: AED 1,420 per sq ftJul 2025: AED 1,493 per sq ftAug 2025: AED 1,454 per sq ftSep 2025: AED 1,384 per sq ftOct 2025: AED 1,581 per sq ftDec 2025: AED 1,686 per sq ftFeb 2026: AED 1,473 per sq ftMar 2026: AED 1,553 per sq ftApr 2026: AED 1,582 per sq ftJun 2026: AED 1,638 per sq ftJul 2026: AED 1,588 per sq ftAug 2026: AED 1,452 per sq ftSep 2026: AED 1,513 per sq ft
Show as table
MonthAED per sq ft
Nov 20241,334
Dec 20241,447
Jan 20251,420
Feb 20251,383
Mar 20251,443
May 20251,485
Jun 20251,420
Jul 20251,493
Aug 20251,454
Sep 20251,384
Oct 20251,581
Dec 20251,686
Feb 20261,473
Mar 20261,553
Apr 20261,582
Jun 20261,638
Jul 20261,588
Aug 20261,452
Sep 20261,513
Median annual rent per sq ft (AED), by month
100105110115120Apr 2026Jul 2026Sep 2026 111Apr 2026: AED 114 per sq ft / yearMay 2026: AED 103 per sq ft / yearJun 2026: AED 108 per sq ft / yearJul 2026: AED 116 per sq ft / yearAug 2026: AED 109 per sq ft / yearSep 2026: AED 111 per sq ft / year
Show as table
MonthAED per sq ft / year
Apr 2026114
May 2026103
Jun 2026108
Jul 2026116
Aug 2026109
Sep 2026111

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Quick answers

What is the rental yield in ELEVATE by Prescott?

The median gross rental yield for a studio apartment in ELEVATE by Prescott, Arjan is 7.7%, based on DLD records for the 24 months to 5 October 2026.

How much does a studio apartment in ELEVATE by Prescott cost?

The median sale price was AED 650K (AED 1,535 per sq ft) in the 24 months to 5 October 2026.