1008, Elite Business Bay Residence
Sold prices and rental history: sold once, by the developer in February 2021, 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 1008, Elite Business Bay Residence
What is 1008 worth today?
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Source: Dubai Land Department. Updated 7 February 2021.
Key facts
- Type
- Studio apartment
- Size
- 401 sqft
- Floor
- 10th of 23
- Parking
- B1-49
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 5,100 /yr
- Last sold
- AED 490K · February 2021
- Building
- Elite Business Bay Residence
About 1008, Elite Business Bay Residence
1008 is a studio of 401 sqft on the 10th floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. The developer sold it on 7 February 2021 for AED 490,000, or AED 1,222 per sqft, in line with the AED 1,222 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1008 over time
1008 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Elite Business Bay Residence, and where 1008 sits
All 317 studios →1008 last sold in February 2021 at AED 1,222 per sqft, in line with what studios in Elite Business Bay Residence were fetching at the time (AED 1,222). Over the last 12 months studios sold for AED 551,260 to 830,000, around AED 1,411 per sqft, and rent for AED 44,000 to 97,000 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Nov 20264 November 2026 | 498 sqft | 700,000 | 1,404 | ||
| 3 Nov 20263 November 2026 | 494 sqft | 700,000 | 1,418 | ||
| 22 Sep 202622 September 2026 | 498 sqft | 760,000 | 1,524 | ||
| 2 Sep 20262 September 2026 | 506 sqft | 750,000 | 1,482 |
Elite Business Bay Residence
Building524 apartments, studios to 4-bed over 23 floors in Business Bay, completed in 2021 by Range 4 Developments. 47 sold in the last 12 months.
- Typical price per sqft
- AED 1,388 Down 2.1%
- Typical sale
- AED 795K
- Typical rent
- AED 60K /yr
- Typical yield
- 7.5%
Other units on the 10th floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | Studio | 494 sqft | AED 525KAED 525,000 · Jan 2021January 2021 | 60,000 /yr | |
| 1002 | Studio | 480 sqft | AED 594KAED 593,630 · Feb 2021February 2021 | 50,000 /yr | |
| 1003 | Studio | 467 sqft | AED 594KAED 593,630 · Nov 2017November 2017 | 52,000 /yr | |
| 1004 | Studio | 493 sqft | AED 607KAED 606,980 · Dec 2017December 2017 | 62,000 /yr | |
| 1005 | Studio | 501 sqft | AED 655KAED 654,720 · Mar 2021March 2021 | 55,008 /yr | |
| 1006 | Studio | 501 sqft | AED 650KAED 649,920 · Mar 2021March 2021 | 48,000 /yr | |
| 1007 | 2-bed | 1,343 sqft | AED 1.3MAED 1,300,000 · May 2022May 2022 | 120,000 /yr | |
| 1009 | 2-bed | 1,309 sqft | AED 1.57MAED 1,570,000 · Jan 2021January 2021 | 114,000 /yr | |
| 1010 | 1-bed | 815 sqft | AED 1.03MAED 1,025,000 · Dec 2020December 2020 | 82,000 /yr | |
| 1011 | 1-bed | 831 sqft | AED 931KAED 930,940 · Nov 2017November 2017 | 75,000 /yr | |
| 1012 | 1-bed | 880 sqft | AED 944KAED 944,290 · Dec 2017December 2017 | 80,000 /yr | |
| 1013 | 1-bed | 878 sqft | AED 944KAED 944,290 · Dec 2017December 2017 | 72,000 /yr | |
| 1014 | 1-bed | 876 sqft | AED 944KAED 944,290 · Apr 2019April 2019 | 72,000 /yr | |
| 1015 | Studio | 550 sqft | AED 603KAED 602,530 · Oct 2017October 2017 | 55,219 /yr | |
| 1016 | 4-bed | 2,172 sqft | AED 1.9MAED 1,900,000 · Apr 2021April 2021 | 215,000 /yr | |
| 1017 | Studio | 492 sqft | AED 660KAED 660,000 · Jan 2023January 2023 | 62,000 /yr | |
| 1018 | 4-bed | 2,191 sqft | AED 2.58MAED 2,576,920 · Jun 2021June 2021 | 195,500 /yr | |
| 1019 | Studio | 506 sqft | AED 665KAED 665,000 · Dec 2020December 2020 | 60,000 /yr | |
| 1020 | Studio | 503 sqft | AED 855KAED 855,000 · Oct 2025October 2025 | ||
| 1021 | Studio | 475 sqft | AED 835KAED 835,000 · Jul 2025July 2025 | 74,118 /yr | |
| 1022 | Studio | 478 sqft | AED 665KAED 665,000 · Oct 2020October 2020 | 75,000 /yr | |
| 1023 | Studio | 482 sqft | AED 603KAED 602,530 · Jan 2018January 2018 | 56,227 /yr |
1008, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 7 February 2021 for AED 490,000, or AED 1,222 per sqft.
- Studios in Elite Business Bay Residence sold for AED 551,260–830,000 in the 12 months to November 2026; the building's median across all types is AED 1,388 per sqft.
Source: Dubai Land Department. Updated 7 February 2021.
Questions about 1008, Elite Business Bay Residence
What did unit 1008 last sell for?
AED 490,000 on 7 February 2021, sold by the developer: AED 1,222 per sqft for 401 sqft. It is the only registered sale of the unit.
How big is unit 1008?
401 sqft (37.3 sqm): a studio on the 10th floor of a 23-storey tower completed in 2021.
What is unit 1008 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Elite Business Bay Residence sold for AED 551,260 to 830,000 in the last 12 months, around AED 1,411 per sqft.
Selling 1008? Put it on the OpenOffers board
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Mortgage on 1008, Elite Business Bay Residence
Starts from the last sale price (AED 490K, 7 February 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 490,000
- Deposit, UAE resident (20%)
- AED 98,000
- Deposit, non-resident (40%)
- AED 196,000
- Monthly over 25 years at 3.7%
- AED 2,005
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →