Elevate
Elevate Offered by Buy Dubai Off-Plan
Elevate

Elevate

by Prescott Real Estate in Arjan View on map Completed

Starting price
AED 650,000
Payment plan
50/50
Handover
Q1 2025

โ‰ˆ โ‚ฌ 156,000

This project was completed in Q1 2025. The price shown is the original launch price. Availability is through the resale market. Contact us to ask what is currently for sale.

Project details

Starting price AED 650,000 โ‰ˆ โ‚ฌ 156,000 What will my monthly payments be?
Payment plan 50/50 50% during construction, 50% at handover
Handover Q1 2025 Completed
Bedrooms Studio
Property type
Apartment
Floor area
39 to 146 mยฒ
Location
Arjan
Project brochure
Free, with no obligation

The Elevate brochure

Download the brochure for Elevate van Prescott Real Estate Development in Arjan for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Elevate

  • Luxury studios and apartments with 1 or 2 bedrooms

  • Excellent location close to Sheikh Zayed Road and Mall of the Emirates

  • Premium amenities including swimming pools, gaming zones and a cinema

  • Smart home features and high-quality finishes

  • Favourable payment plan with 50% during construction and 50% on completion

Elevate at Arjan (Dubai): Luxury homes by Prescott Development

Elevate is a brand new residential project in Arjan, Dubai, developed by Prescott Real Estate Development. This high-quality residential building offers a selection of studios, and 1- and 2-bedroom apartments, all finished to the highest standards. With just 223 residential units, this project guarantees exclusivity and privacy. The architecture and interiors are designed by award-winning designers, resulting in a refined living environment that stimulates all the senses. The location in Arjan, a prestigious community, provides a perfect balance of tranquillity and access to Dubaiโ€™s vibrant hotspots. Top destinations such as Mall of the Emirates, Business Bay and Downtown Dubai are just minutes away. The building itself offers an extensive range of amenities, including sports facilities, electronic gaming zones, swimming pools and a cinema. This project is ideal for those seeking a modern, carefree lifestyle with all conveniences close at hand.

Home types and layouts at Elevate Arjan (Dubai)

Elevate offers a diverse range of residential units, from compact studios to spacious 2-bedroom apartments. The areas range from 39.02 m2 to 146.04 m2, ensuring a suitable option for every need. The studios are perfect for singles or young couples, while the 1- and 2-bedroom apartments are suitable for families or professionals wanting more space. All units feature high-quality materials and smart home technology, ensuring comfort and energy efficiency. The open-plan kitchens are modern, and the large windows provide abundant natural light. In addition, each apartment has ample storage space and in some cases a balcony with breathtaking views. The attention to detail in the finishes makes these homes an excellent investment, both for personal use and for rental.

About the developer Prescott Development and the Elevate design

The Elevate project is being delivered by Prescott Real Estate Development, a renowned developer known for quality and innovation. The building itself is an architectural masterpiece with a sleek, modern appearance. The common areas are designed with an eye for aesthetics and functionality, making residents feel immediately at home. The lobby is spacious and exudes luxury, while the lifts are fast and efficient. Prescott Real Estate Development is committed to sustainable construction practices and uses only top-quality materials. The developer has a strong reputation in Dubai and is known for timely completion and transparent communication. This project fits perfectly into their portfolio of high-quality residential developments. With just 223 units, exclusivity is guaranteed, which enhances long-term value. In short, Elevate is a project where quality and design go hand in hand.

Location and Area

Arjan, the location of Elevate, is one of the most sought-after communities in Dubai. This vibrant district offers a perfect mix of tranquillity and accessibility. Within a 10-minute drive you can reach Mall of the Emirates, one of the largest shopping malls in the world. Burj Al Arab and Downtown Dubai are also just 20 minutes away. For business travellers, the proximity to Business Bay and Sheikh Zayed Road is a major advantage, as is the quick connection to Dubai International Airport. The neighbourhood itself offers numerous restaurants, cafes and recreational opportunities. In addition, there are excellent schools and medical facilities in the immediate vicinity. Public transport is well organised, but due to the central location, everything is also easily accessible by car. In short, Elevate offers not only a luxury home, but also an ideal base from which to enjoy everything Dubai has to offer.

Flexible payment plan for Elevate homes

The payment plan for Elevate is specially designed to offer flexibility to investors and buyers. The plan consists of two main phases: 50% of the purchase price is paid during the construction phase, and the remaining 50% upon final completion in the first quarter of 2025. This makes it financially clear and accessible, with no hidden costs. The starting price for a studio is AED 499,000, which is very competitive for this location and quality. We offer support with the financial settlement for all buyers. The project is also attractive for rental, given the high demand for high-quality homes in this area. With this payment plan and our guidance, investing in Dubai real estate becomes simple and secure. Please feel free to contact us for more details.

Amenities

Payment plan for Elevate

50%50%
50%
During construction, in instalments
AED 325,000
โ‰ˆ โ‚ฌ 78,000
50%
After handover
AED 325,000
โ‰ˆ โ‚ฌ 78,000

Monthly payments and your own funds

How much do you need for Elevate, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 1,645

โ‰ˆ โ‚ฌ 390 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 325,000โ‰ˆ โ‚ฌ 78,000
Your funds at handover
AED 0โ‰ˆ โ‚ฌ 0
Mortgage at handover
AED 325,000โ‰ˆ โ‚ฌ 78,000
Purchase costs4% DLD fee and mortgage costs
AED 30,933โ‰ˆ โ‚ฌ 7,400
Total funds required
AED 355,933โ‰ˆ โ‚ฌ 85,400
Request finance guidance for Elevate
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of Elevate

Location

Arjan, Dubai Burj Al Arab: 20 minutes (car) ยท Business Bay: 19 minutes (car)
Open in Google Maps

Travel times from Elevate

  • Burj Al Arab: 20 minutes (car)
  • Business Bay: 19 minutes (car)
  • Downtown Dubai: 20 minutes (car)
  • Dubai International Airport: 25 minutes (car)
  • Mall of the Emirates: 10 minutes (car)
  • Sheikh Zayed Road: 7 minutes (car)

About Prescott Real Estate

Prescott develops a variety of off-plan property projects in Dubai, ranging from luxury apartments to commercial spaces. These projects are located in strategic areas such as Downtown Dubai, Dubai Marina, and Business Bay, where demand for high-quality property solutions is high. An example is the recently launched "Prescott Heights", a residential project with units starting from 75 m2 and prices from AED 1,200,000. In addition, Prescott also offers mixed-use developments, combining living, working, and leisure. By investing in an off-plan project from Prescott, you benefit from favourable terms during the construction phase. For a complete overview of available projects, please contact us.

Prescott has been active in property development in Dubai for over 15 years and has established itself as a reliable player in the market. The developer began with small-scale projects but grew into a renowned name, partly thanks to iconic projects such as "Prescott Towers" and "The Prescott Residences". These projects were not only completed on time but have also won multiple international property awards. Prescott distinguishes itself through a combination of innovative design, sustainable materials, and attention to detail. Their experience and expertise make them a favourite among both local and international investors. Their long history of successful projects underscores their reliability.

All projects by Prescott Real Estate

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Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.