Studio · 401 sqftElite Business Bay Residence, Business Bay · 11th floor · completed 2021

1108, 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 December 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 1108 · DLD and Ejari recordsUpdated 6 May 2026

Last soldAED 515K14 December 2020

Current rentAED 65K /yr6 May 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1108, Elite Business Bay Residence

Today

What is 1108 worth today?

Last sold for AED 515,000 in 2020

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6 May 2026

6 May 2026RentedRenewal

AED 65,000/yr12 months · AED 163 per sqft

6 May 2025

6 May 2025RentedNew contract

AED 65,000/yr12 months · AED 163 per sqft

6 May 2025

6 May 2025RentedNew contract

AED 65,000/yr12 months · AED 163 per sqft

1 Apr 2021

1 Apr 2021RentedNew contract

AED 35,000/yr12 months · AED 88 per sqft

14 Dec 2020

14 Dec 2020Sold by developerReady

AED 515,000AED 1,285 per sqft

Source: Dubai Land Department. Updated 6 May 2026.

Key facts

Type: Studio apartment
Size: 401 sqft
Floor: 11th of 23
Parking: B1-63
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 5,100 /yr
Last sold: AED 515K · December 2020
Building: Elite Business Bay Residence

About 1108, Elite Business Bay Residence

1108 is a studio of 401 sqft on the 11th 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 14 December 2020 for AED 515,000, or AED 1,285 per sqft, in line with the AED 1,264 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 6 May 2026, is AED 65,000 a year: a gross yield of 12.6% on the 2020 price, before the service charge of about AED 5,100 a year.

Sales and rents for 1108 over time

Sales

Unit 1108, each saleTypical studio in Elite Business Bay Residence

1108 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1108, 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 1108 sits

All 317 studios →

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

1108 last sold in December 2020 at AED 1,285 per sqft, in line with what studios in Elite Business Bay Residence were fetching at the time (AED 1,264). 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. 1108's AED 65,000 is in the lower 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 11th floor

All 524 units in Elite Business Bay Residence


1101	Studio	494 sqft	AED 820KAED 820,000 · Sep 2025September 2025	63,000 /yr
1102	Studio	480 sqft	AED 624KAED 624,160 · May 2022May 2022	48,000 /yr
1103	Studio	480 sqft	AED 750KAED 750,000 · Nov 2025November 2025	65,000 /yr
1104	Studio	506 sqft	AED 645KAED 645,000 · Jan 2023January 2023	55,000 /yr
1105	Studio	503 sqft	AED 830KAED 830,000 · Oct 2024October 2024	52,000 /yr
1106	Studio	483 sqft	AED 605KAED 605,000 · Nov 2020November 2020	52,000 /yr
1107	2-bed	1,343 sqft	AED 1.41MAED 1,410,000 · Oct 2020October 2020	105,000 /yr
1109	2-bed	1,309 sqft	AED 1.2MAED 1,200,000 · Jan 2022January 2022
1110	1-bed	812 sqft	AED 1.1MAED 1,100,000 · Dec 2024December 2024	70,000 /yr
1111	1-bed	853 sqft	AED 810KAED 810,000 · Jan 2021January 2021	87,000 /yr
1112	1-bed	934 sqft	AED 1.18MAED 1,175,000 · Feb 2025February 2025	77,000 /yr
1113	1-bed	933 sqft	AED 948KAED 947,850 · Feb 2021February 2021	85,075 /yr
1114	1-bed	907 sqft	AED 948KAED 947,850 · Feb 2021February 2021	74,088 /yr
1115	Studio	552 sqft	AED 660KAED 659,600 · Oct 2018October 2018
1116	4-bed	2,168 sqft	AED 2.49MAED 2,490,385 · Jun 2021June 2021
1117	Studio	492 sqft	AED 725KAED 725,000 · Nov 2017November 2017	48,000 /yr
1118	4-bed	2,189 sqft	AED 2.6MAED 2,600,000 · Sep 2024September 2024	195,000 /yr
1119	Studio	508 sqft	AED 620KAED 620,000 · Nov 2022November 2022	60,000 /yr
1120	Studio	503 sqft	AED 618KAED 618,000 · Jul 2020July 2020	57,000 /yr
1121	Studio	475 sqft	AED 618KAED 618,000 · Oct 2017October 2017	50,000 /yr
1122	Studio	478 sqft	AED 618KAED 618,000 · Oct 2017October 2017	50,000 /yr
1123	Studio	495 sqft	AED 800KAED 800,000 · May 2024May 2024	65,000 /yr

1–7 of 22

1108, Elite Business Bay Residence in numbers

Sold once: by Range 4 Developments on 14 December 2020 for AED 515,000, or AED 1,285 per sqft.
Rented since April 2021 on 4 Ejari contracts, from AED 35,000 to AED 65,000 a year.
At AED 65,000 a year the gross yield on the 2020 price is 12.6%, before a service charge of about AED 5,100 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 6 May 2026.

Questions about 1108, Elite Business Bay Residence

What did unit 1108 last sell for?

AED 515,000 on 14 December 2020, sold by the developer: AED 1,285 per sqft for 401 sqft. It is the only registered sale of the unit.

What is the rent for unit 1108?

AED 65,000 a year on the contract renewed on 6 May 2026. The previous contract, from May 2025, was AED 65,000; the unit has been rented since April 2021.

How big is unit 1108?

401 sqft (37.3 sqm): a studio on the 11th floor of a 23-storey tower completed in 2021.

What is unit 1108 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 1108, Elite Business Bay Residence

Starts from the last sale price (AED 515K, 14 December 2020). Switch to today's estimate once you have unlocked it.

Price: AED 515,000
Deposit, UAE resident (20%): AED 103,000
Deposit, non-resident (40%): AED 206,000
Monthly over 25 years at 3.7%: AED 2,107

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