1502, Elite Business Bay Residence
Sold prices and rental history: sold once, by the developer in December 2025, and rented once, from January 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Elite Business Bay Residence
What is 1502 worth today?
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Source: Dubai Land Department. Updated 22 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 480 sqft
- Floor
- 15th of 23
- Parking
- B1-92
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,200 /yr
- Last sold
- AED 551K · December 2025
- Building
- Elite Business Bay Residence
About 1502, Elite Business Bay Residence
1502 is a studio of 480 sqft on the 15th 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 December 2025 for AED 551,260, or AED 1,149 per sqft, 16% below the AED 1,368 studios in the building were fetching at the time.
One Ejari contract is registered, from 22 January 2026. The current contract, signed on 22 January 2026, is AED 64,000 a year: a gross yield of 11.6% on the 2025 price, before the service charge of about AED 6,200 a year.
Sales and rents for 1502 over time
1502 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 1502 sits
All 317 studios →1502 last sold in December 2025 at AED 1,149 per sqft, 16% below what studios in Elite Business Bay Residence were fetching at the time (AED 1,368). 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. 1502's AED 64,000 is in the lower half of that range.
| 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 15th floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | Studio | 494 sqft | AED 551KAED 551,260 · Dec 2025December 2025 | 60,000 /yr | |
| 1503 | Studio | 480 sqft | AED 551KAED 551,260 · Dec 2025December 2025 | 47,000 /yr | |
| 1504 | Studio | 506 sqft | AED 540KAED 540,000 · May 2021May 2021 | 65,000 /yr | |
| 1505 | Studio | 491 sqft | AED 630KAED 630,000 · Mar 2020March 2020 | 50,000 /yr | |
| 1506 | Studio | 483 sqft | AED 650KAED 650,000 · Jul 2020July 2020 | 54,000 /yr | |
| 1507 | 2-bed | 1,343 sqft | AED 1.8MAED 1,800,000 · Jul 2024July 2024 | 110,000 /yr | |
| 1508 | Studio | 401 sqft | AED 490KAED 490,000 · Jun 2022June 2022 | 73,500 /yr | |
| 1509 | 2-bed | 1,309 sqft | AED 1.9MAED 1,900,000 · Nov 2025November 2025 | 84,765 /yr | |
| 1510 | 1-bed | 812 sqft | AED 1.25MAED 1,250,000 · Jul 2024July 2024 | 70,000 /yr | |
| 1511 | 1-bed | 853 sqft | AED 1.2MAED 1,200,000 · Mar 2024March 2024 | 75,000 /yr | |
| 1512 | 1-bed | 934 sqft | AED 800KAED 800,000 · Jan 2021January 2021 | 74,000 /yr | |
| 1513 | 1-bed | 933 sqft | AED 775KAED 775,000 · Mar 2021March 2021 | 85,000 /yr | |
| 1514 | 1-bed | 907 sqft | AED 1.03MAED 1,026,950 · Jul 2021July 2021 | 84,000 /yr | |
| 1515 | Studio | 609 sqft | AED 595KAED 595,000 · Apr 2021April 2021 | 67,000 /yr | |
| 1516 | 4-bed | 2,168 sqft | AED 2.65MAED 2,647,500 · Sep 2026September 2026 | 190,000 /yr | |
| 1517 | Studio | 492 sqft | AED 710KAED 710,000 · Feb 2020February 2020 | 60,000 /yr | |
| 1518 | 4-bed | 2,189 sqft | AED 1.98MAED 1,980,000 · Dec 2020December 2020 | 170,000 /yr | |
| 1519 | Studio | 508 sqft | AED 630KAED 630,000 · Apr 2021April 2021 | 50,000 /yr | |
| 1520 | Studio | 503 sqft | AED 675KAED 675,000 · Feb 2020February 2020 | 50,000 /yr | |
| 1521 | Studio | 475 sqft | AED 551KAED 551,260 · Dec 2025December 2025 | 47,000 /yr | |
| 1522 | Studio | 478 sqft | AED 551KAED 551,260 · Dec 2025December 2025 | 50,000 /yr | |
| 1523 | Studio | 495 sqft | AED 630KAED 630,000 · Aug 2021August 2021 | 52,500 /yr |
1502, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 5 December 2025 for AED 551,260, or AED 1,149 per sqft.
- Rented since January 2026 on one Ejari contract, at AED 64,000 a year.
- At AED 64,000 a year the gross yield on the 2025 price is 11.6%, before a service charge of about AED 6,200 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 22 January 2026.
Questions about 1502, Elite Business Bay Residence
What did unit 1502 last sell for?
AED 551,260 on 5 December 2025, sold by the developer: AED 1,149 per sqft for 480 sqft. It is the only registered sale of the unit.
What is the rent for unit 1502?
AED 64,000 a year on the contract signed on 22 January 2026.
How big is unit 1502?
480 sqft (44.6 sqm): a studio on the 15th floor of a 23-storey tower completed in 2021.
What is unit 1502 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 1502, Elite Business Bay Residence
Starts from the last sale price (AED 551K, 5 December 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 551,260
- Deposit, UAE resident (20%)
- AED 110,252
- Deposit, non-resident (40%)
- AED 220,504
- Monthly over 25 years at 3.7%
- AED 2,255
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →