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Elevate by Prescott

Arjan · Prescott Real Estate Development

Project factsheet

Storeys 16
Units in the building 223
Developer Prescott Real Estate Development
Status Under development
District Arjan

About the building

16-storey residential building in Arjan. Developer — Prescott Real Estate Development. Architect — Em Square Engineering Consultants.

Specifications for Elevate by Prescott per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.

About the project

Elevate by Prescott is a 16-storey residential building in Arjan, currently under construction.

The developer is Prescott Real Estate Development. The architecture is by Em Square Engineering Consultants.

The building holds 223 apartments in total.

The database currently holds 1 lot in this project, from 1 328 000 AED.

Sixteen storeys and 223 residences from Prescott in Arjan, under construction. Price per square foot is AED 1,792 — above the district average.

What it is

Elevate by Prescott is a residential complex by Prescott Real Estate, 16 storeys and 223 residences, in Arjan. Status: under construction.

Our stock carries one listing, around 741 square feet, priced at AED 1.33 million, at AED 1,792 per square foot.

Arjan is a district next to Miracle Garden, being built up with mid-rise residential buildings.

Dubai's affordable belt

Elevate by Prescott is priced 11% above the district's AED 1,614.

Dubai's affordable belt: lot median and price per square foot — our stock
DistrictLot medianAED per ft²Lots
Dubai Science ParkAED 2.20 million188811
JVTAED 0.89 million184822
Dubai Sports CityAED 5.00 million186515
Dubai LandAED 2.04 million176111
Motor CityAED 4.38 million165512
MajanAED 0.97 million161812
ArjanAED 1.15 million161436
Al FurjanAED 4.45 million160482
Dubai Production CityAED 1.00 million14826
JVCAED 1.24 million1474276
Town SquareAED 2.20 million145512
Al BarshaAED 3.36 million137312
International CityAED 0.90 million12431
Dubai Silicon OasisAED 3.31 million12296
Sports CityAED 0.70 million10835

Our stock as of 28 August 2026. The per-square-foot spread within the belt is 1.7x, while the gap between the belt and Bluewaters (6,717) is sixfold. The median and the price per square foot diverge: a high median means large lots, not an expensive district.

223 apartments

Arjan in our database: 36 lots, a median of AED 1.15 million at AED 1,614 per square foot.

36 lots on the secondary market is decent depth for the affordable belt: Production City has six, Sports City has five.

That means in Arjan you can compare listings against each other, not just against the median. That noticeably reduces the risk of overpaying.

223 apartments in a new building is a moderate-sized project by today's standards: nearby in Majan, Binghatti Vintage is under construction with 1,572 units, and in Production City, Binghatti Elite has 1,745.

Propsearch building record: 16 storeys, 223 residences, developer Prescott Real Estate, status "under construction." Our stock as of 28 August 2026: a project lot (size, price, price per square foot), medians and price per square foot across the affordable belt.

Where it is

Handover payment

A mortgage covers the final instalment

The final payment on this building falls in 2026 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.

  • Up to 80% of the appraised value, no extra down payment
  • 3.99% fixed for three years, up to 25 years in term
  • 6–12 months before the keys — the bank wants six months of income history

Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.

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Frequently asked about Elevate by Prescott

Who is the developer of Elevate by Prescott?

Prescott Real Estate Development. The architecture is by Em Square Engineering Consultants.

How many floors does Elevate by Prescott have?

16. The building has 223 apartments.

When is Elevate by Prescott handed over?

Construction is ongoing; the key-handover date for the unit you choose I check in the contract before you sign.

Where is Elevate by Prescott?

Arjan. A dense apartment district beside Dubai Science Park, best known to visitors for Miracle Garden and to investors for its yields.

How much does an apartment in Elevate by Prescott cost?

The database currently holds 1 lot in this project, from 1 328 000 AED. Prices move every day, so it is worth asking for the current list for this building.

In the news

What has been written about the building, its developer and Arjan

Where this project stands today

I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.

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