Photos and renders of the building and grounds — not of this particular unit.
Elevate by Prescott
1 BR · Apartment
About the building
16-storey residential building in Arjan. Developer — Prescott Real Estate Development. Architect — Em Square Engineering Consultants.
Where it is
Arjan
A dense apartment district beside Dubai Science Park, best known to visitors for Miracle Garden and to investors for its yields.
- above-average yields
- low entry price
- proximity to Dubai Science Park
What to check: Check the handover schedule for the plots around you. In a district with continuing supply, several hundred near-identical units completing in the same quarter softens rents for a full letting season.
Full district guide →Questions and answers about lot NP9-108468
How much is this 1-bedroom apartment in Elevate by Prescott?
Lot NP9-108468 is priced at AED 1 328 000, about $362 000. The size is 741 sq ft (69 m²), which works out at AED 1 792 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
Is this expensive or cheap for Arjan?
The database holds 40 lots in Arjan, starting from AED 570 000. The area median is AED 1 674 per sq ft; this lot, at AED 1 792, is 7% above it. 6 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Arjan area guide →Is the property ready or still under construction?
The handover date in the listing is Q1 2026, which has already passed. I will confirm whether the property has actually been handed over when you ask: listings are not always updated.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 266 000; a loan of AED 1 062 000 over 25 years at 3.75–4.99% a year comes to roughly AED 5 500–6 200 a month. A non-resident puts down from 40% (AED 531 000) and pays about AED 4 100–4 700 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 53 120 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 672 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Elevate by Prescott?
The building has 16 floors and 223 units. The developer is Prescott Real Estate Development. Figures are from the project passport: Propsearch and the Dubai Land Department.
Elevate by Prescott project page →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP9-108468 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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