Studio · 475 sqftElite Business Bay Residence, Business Bay · 16th floor · completed 2021

1621, 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 November 2017, 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 1621 · DLD and Ejari recordsUpdated 29 August 2026

Last soldAED 649K5 November 2017

Current rentAED 47K /yr29 August 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1621, Elite Business Bay Residence

Today

What is 1621 worth today?

Last sold for AED 648,600 in 2017

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29 Aug 2026

29 Aug 2026RentedNew contract

AED 47,000/yr12 months · AED 99 per sqft

27 May 2025

27 May 2025RentedRenewal

AED 62,000/yr12 months · AED 130 per sqft

27 May 2024

27 May 2024RentedNew contract

AED 58,000/yr12 months · AED 122 per sqft

28 Mar 2023

28 Mar 2023RentedNew contract

AED 56,000/yr12 months · AED 118 per sqft

7 Feb 2022

7 Feb 2022RentedNew contract

AED 45,000/yr12 months · AED 95 per sqft

20 Jan 2021

20 Jan 2021RentedNew contract

AED 40,000/yr12 months · AED 84 per sqft

5 Nov 2017

5 Nov 2017Sold by developerOff-plan

AED 648,600AED 1,365 per sqft

Source: Dubai Land Department. Updated 29 August 2026.

Key facts

Type: Studio apartment
Size: 475 sqft
Floor: 16th of 23
Parking: P2-58
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 6,100 /yr
Last sold: AED 649K · November 2017
Building: Elite Business Bay Residence

About 1621, Elite Business Bay Residence

1621 is a studio of 475 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 5 November 2017 for AED 648,600, or AED 1,365 per sqft, 5% above the AED 1,296 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 29 August 2026, is AED 47,000 a year: a gross yield of 7.2% on the 2017 price, before the service charge of about AED 6,100 a year.

Sales and rents for 1621 over time

Sales

Unit 1621, each saleTypical studio in Elite Business Bay Residence

1621 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1621, 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 1621 sits

All 317 studios →

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

1621 last sold in November 2017 at AED 1,365 per sqft, 5% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,296). 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. 1621's AED 47,000 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 16th floor

All 524 units in Elite Business Bay Residence


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
1608	Studio	401 sqft	AED 525KAED 525,000 · Jan 2021January 2021	58,000 /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
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

1–7 of 21

1621, Elite Business Bay Residence in numbers

Sold once: by Range 4 Developments on 5 November 2017 for AED 648,600, or AED 1,365 per sqft.
Rented since January 2021 on 6 Ejari contracts, from AED 40,000 to AED 47,000 a year.
At AED 47,000 a year the gross yield on the 2017 price is 7.2%, 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 29 August 2026.

Questions about 1621, Elite Business Bay Residence

What did unit 1621 last sell for?

AED 648,600 on 5 November 2017, sold by the developer: AED 1,365 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 1621?

AED 47,000 a year on the contract signed on 29 August 2026. The previous contract, from May 2025, was AED 62,000; the unit has been rented since January 2021.

How big is unit 1621?

475 sqft (44.1 sqm): a studio on the 16th floor of a 23-storey tower completed in 2021.

What is unit 1621 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 1621, Elite Business Bay Residence

Starts from the last sale price (AED 649K, 5 November 2017). Switch to today's estimate once you have unlocked it.

Price: AED 648,600
Deposit, UAE resident (20%): AED 129,720
Deposit, non-resident (40%): AED 259,440
Monthly over 25 years at 3.7%: AED 2,654

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