Studio · 478 sqftElite Business Bay Residence, Business Bay · 10th floor · completed 2021

1022, Elite Business Bay Residence

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in October 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1022 · DLD and Ejari recordsUpdated 3 February 2026

Last soldAED 665K5 October 2020

Current rentAED 75K /yr3 February 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1022, Elite Business Bay Residence

Today

What is 1022 worth today?

Last sold for AED 665,000 in 2020

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3 Feb 2026

3 Feb 2026RentedNew contract

AED 75,000/yr12 months · AED 158 per sqft

30 Jan 2025

30 Jan 2025RentedRenewal

AED 75,000/yr12 months · AED 157 per sqft

30 Jan 2024

30 Jan 2024RentedNew contract

AED 75,000/yr12 months · AED 157 per sqft

25 May 2021

25 May 2021RentedNew contract

AED 36,000/yr12 months · AED 75 per sqft

5 Oct 2020

5 Oct 2020Sold by developerOff-plan

AED 665,000AED 1,389 per sqft

Source: Dubai Land Department. Updated 3 February 2026.

Key facts

Type: Studio apartment
Size: 478 sqft
Floor: 10th of 23
Parking: B1-55
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 6,100 /yr
Last sold: AED 665K · October 2020
Building: Elite Business Bay Residence

About 1022, Elite Business Bay Residence

1022 is a studio of 478 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 5 October 2020 for AED 665,000, or AED 1,389 per sqft, 5% above the AED 1,329 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 3 February 2026, is AED 75,000 a year: a gross yield of 11.3% on the 2020 price, before the service charge of about AED 6,100 a year.

Sales and rents for 1022 over time

Sales

Unit 1022, each saleTypical studio in Elite Business Bay Residence

1022 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1022, each contractTypical studio in Elite Business Bay Residence

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 1022 sits

All 317 studios →

Studios in Elite Business Bay Residence · last 12 months1,411 /sqft Elite Business Bay Residence · all types1,388 /sqft

1022 last sold in October 2020 at AED 1,389 per sqft, 5% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,329). 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. 1022's AED 75,000 is in the upper half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
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

30 studio sales in the last 12 months

Elite Business Bay Residence

Building

524 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%

Elite Business Bay Residence, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 524 units in Elite Business Bay Residence


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
1008	Studio	401 sqft	AED 490KAED 490,000 · Feb 2021February 2021
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
1023	Studio	482 sqft	AED 603KAED 602,530 · Jan 2018January 2018	56,227 /yr

1–7 of 22

1022, Elite Business Bay Residence in numbers

Sold once: by Range 4 Developments on 5 October 2020 for AED 665,000, or AED 1,389 per sqft.
Rented since May 2021 on 4 Ejari contracts, from AED 36,000 to AED 75,000 a year.
At AED 75,000 a year the gross yield on the 2020 price is 11.3%, before a service charge of about AED 6,100 a year (AED 12.83 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 3 February 2026.

Questions about 1022, Elite Business Bay Residence

What did unit 1022 last sell for?

AED 665,000 on 5 October 2020, sold by the developer: AED 1,389 per sqft for 478 sqft. It is the only registered sale of the unit.

What is the rent for unit 1022?

AED 75,000 a year on the contract signed on 3 February 2026. The previous contract, from January 2025, was AED 75,000; the unit has been rented since May 2021.

How big is unit 1022?

478 sqft (44.4 sqm): a studio on the 10th floor of a 23-storey tower completed in 2021.

What is unit 1022 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.

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Mortgage on 1022, Elite Business Bay Residence

Starts from the last sale price (AED 665K, 5 October 2020). Switch to today's estimate once you have unlocked it.

Price: AED 665,000
Deposit, UAE resident (20%): AED 133,000
Deposit, non-resident (40%): AED 266,000
Monthly over 25 years at 3.7%: AED 2,721

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →