Studio · 483 sqftElite Business Bay Residence, Business Bay · 15th floor · completed 2021

1506, 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 July 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 1506 · DLD and Ejari recordsUpdated 5 October 2026

Last soldAED 650K20 July 2020

Current rentAED 54K /yr5 October 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1506, Elite Business Bay Residence

Today

What is 1506 worth today?

Last sold for AED 650,000 in 2020

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5 Oct 2026

5 Oct 2026RentedRenewal

AED 54,000/yr12 months · AED 108 per sqft

5 Oct 2025

5 Oct 2025RentedNew contract

AED 60,000/yr12 months · AED 120 per sqft

1 Oct 2024

1 Oct 2024RentedNew contract

AED 55,000/yr12 months · AED 111 per sqft

1 Sep 2023

1 Sep 2023RentedNew contract

AED 50,000/yr12 months · AED 100 per sqft

20 May 2022

20 May 2022RentedNew contract

AED 43,000/yr12 months · AED 87 per sqft

20 May 2021

20 May 2021RentedNew contract

AED 37,000/yr12 months · AED 75 per sqft

20 Jul 2020

20 Jul 2020Sold by developerOff-plan

AED 650,000AED 1,344 per sqft

Source: Dubai Land Department. Updated 5 October 2026.

Key facts

Type: Studio apartment
Size: 483 sqft
Floor: 15th of 23
Parking: P2-36
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 6,200 /yr
Last sold: AED 650K · July 2020
Building: Elite Business Bay Residence

About 1506, Elite Business Bay Residence

1506 is a studio of 483 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 20 July 2020 for AED 650,000, or AED 1,344 per sqft, in line with the AED 1,326 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 5 October 2026, is AED 54,000 a year: a gross yield of 8.3% on the 2020 price, before the service charge of about AED 6,200 a year.

Sales and rents for 1506 over time

Sales

Unit 1506, each saleTypical studio in Elite Business Bay Residence

1506 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1506, 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 1506 sits

All 317 studios →

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

1506 last sold in July 2020 at AED 1,344 per sqft, in line with what studios in Elite Business Bay Residence were fetching at the time (AED 1,326). 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. 1506's AED 54,000 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 15th floor

All 524 units in Elite Business Bay Residence


1501	Studio	494 sqft	AED 551KAED 551,260 · Dec 2025December 2025	60,000 /yr
1502	Studio	480 sqft	AED 551KAED 551,260 · Dec 2025December 2025	64,000 /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
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

1–7 of 22

1506, Elite Business Bay Residence in numbers

Sold once: by Range 4 Developments on 20 July 2020 for AED 650,000, or AED 1,344 per sqft.
Rented since May 2021 on 6 Ejari contracts, from AED 37,000 to AED 54,000 a year.
At AED 54,000 a year the gross yield on the 2020 price is 8.3%, 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 5 October 2026.

Questions about 1506, Elite Business Bay Residence

What did unit 1506 last sell for?

AED 650,000 on 20 July 2020, sold by the developer: AED 1,344 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 1506?

AED 54,000 a year on the contract renewed on 5 October 2026. The previous contract, from October 2025, was AED 60,000; the unit has been rented since May 2021.

How big is unit 1506?

483 sqft (44.9 sqm): a studio on the 15th floor of a 23-storey tower completed in 2021.

What is unit 1506 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 1506, Elite Business Bay Residence

Starts from the last sale price (AED 650K, 20 July 2020). Switch to today's estimate once you have unlocked it.

Price: AED 650,000
Deposit, UAE resident (20%): AED 130,000
Deposit, non-resident (40%): AED 260,000
Monthly over 25 years at 3.7%: AED 2,659

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