1608, Elite Business Bay Residence
Sold prices and rental history: sold once, by the developer in January 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1608, Elite Business Bay Residence
What is 1608 worth today?
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Source: Dubai Land Department. Updated 3 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 401 sqft
- Floor
- 16th of 23
- Parking
- P2-53
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 5,100 /yr
- Last sold
- AED 525K · January 2021
- Building
- Elite Business Bay Residence
About 1608, Elite Business Bay Residence
1608 is a studio of 401 sqft on the 16th 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 3 January 2021 for AED 525,000, or AED 1,310 per sqft, 4% above the AED 1,255 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 October 2026, is AED 58,000 a year: a gross yield of 11.1% on the 2021 price, before the service charge of about AED 5,100 a year.
Sales and rents for 1608 over time
1608 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 1608 sits
All 317 studios →1608 last sold in January 2021 at AED 1,310 per sqft, 4% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,255). 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. 1608's AED 58,000 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 16th floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | Studio | 480 sqft | AED 640KAED 640,000 · Jul 2022July 2022 | 52,000 /yr | |
| 1603 | Studio | 480 sqft | AED 551KAED 551,260 · Dec 2025December 2025 | 64,000 /yr | |
| 1604 | Studio | 506 sqft | AED 715KAED 715,000 · Dec 2023December 2023 | 68,000 /yr | |
| 1605 | Studio | 503 sqft | AED 790KAED 790,000 · Oct 2024October 2024 | 38,000 /yr | |
| 1606 | Studio | 498 sqft | AED 700KAED 700,000 · Nov 2026November 2026 | ||
| 1607 | 2-bed | 1,343 sqft | AED 1.15MAED 1,150,000 · Dec 2020December 2020 | 120,000 /yr | |
| 1609 | 2-bed | 1,309 sqft | AED 1.18MAED 1,175,000 · Jun 2021June 2021 | 100,000 /yr | |
| 1610 | 1-bed | 812 sqft | AED 735KAED 735,000 · Dec 2020December 2020 | 77,000 /yr | |
| 1611 | 1-bed | 853 sqft | AED 750KAED 750,000 · Dec 2020December 2020 | 79,000 /yr | |
| 1612 | 1-bed | 934 sqft | AED 775KAED 775,000 · Feb 2021February 2021 | 75,000 /yr | |
| 1613 | 1-bed | 878 sqft | AED 1.28MAED 1,284,270 · Jul 2019July 2019 | 93,500 /yr | |
| 1614 | 1-bed | 876 sqft | AED 950KAED 950,000 · May 2020May 2020 | 78,000 /yr | |
| 1615 | Studio | 609 sqft | AED 600KAED 600,000 · Jun 2021June 2021 | 60,000 /yr | |
| 1616 | 4-bed | 2,168 sqft | AED 2.6MAED 2,600,000 · Oct 2025October 2025 | 155,000 /yr | |
| 1617 | Studio | 492 sqft | AED 625KAED 625,000 · Dec 2020December 2020 | 50,000 /yr | |
| 1618 | 4-bed | 2,189 sqft | AED 2.52MAED 2,520,000 · Dec 2020December 2020 | 155,000 /yr | |
| 1619 | Studio | 508 sqft | AED 535KAED 535,000 · Apr 2021April 2021 | 50,000 /yr | |
| 1620 | Studio | 503 sqft | AED 690KAED 690,000 · Feb 2020February 2020 | 52,000 /yr | |
| 1621 | Studio | 475 sqft | AED 649KAED 648,600 · Nov 2017November 2017 | 47,000 /yr | |
| 1622 | Studio | 478 sqft | AED 551KAED 551,260 · Dec 2025December 2025 | 63,000 /yr | |
| 1623 | Studio | 495 sqft | AED 830KAED 830,000 · Aug 2026August 2026 | 48,000 /yr |
1608, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 3 January 2021 for AED 525,000, or AED 1,310 per sqft.
- Rented since May 2021 on 4 Ejari contracts, from AED 35,000 to AED 58,000 a year.
- At AED 58,000 a year the gross yield on the 2021 price is 11.1%, 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 3 October 2026.
Questions about 1608, Elite Business Bay Residence
What did unit 1608 last sell for?
AED 525,000 on 3 January 2021, sold by the developer: AED 1,310 per sqft for 401 sqft. It is the only registered sale of the unit.
What is the rent for unit 1608?
AED 58,000 a year on the contract signed on 3 October 2026. The previous contract, from February 2026, was AED 65,000; the unit has been rented since May 2021.
How big is unit 1608?
401 sqft (37.3 sqm): a studio on the 16th floor of a 23-storey tower completed in 2021.
What is unit 1608 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 1608, Elite Business Bay Residence
Starts from the last sale price (AED 525K, 3 January 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 525,000
- Deposit, UAE resident (20%)
- AED 105,000
- Deposit, non-resident (40%)
- AED 210,000
- Monthly over 25 years at 3.7%
- AED 2,148
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →