Studio · 401 sqftElite Business Bay Residence, Business Bay · 17th floor · completed 2021

1708, 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 January 2021, 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 1708 · DLD and Ejari recordsUpdated 8 July 2026

Last soldAED 525K3 January 2021

Current rentAED 54K /yr8 July 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1708, Elite Business Bay Residence

Today

What is 1708 worth today?

Last sold for AED 525,000 in 2021

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8 Jul 2026

8 Jul 2026RentedNew contract

AED 53,538/yr13 months · AED 134 per sqft

23 Feb 2026

23 Feb 2026RentedNew contract

AED 67,500/yr12 months · AED 168 per sqft

5 Jun 2025

5 Jun 2025RentedRenewal

AED 60,000/yr12 months · AED 150 per sqft

5 Jun 2024

5 Jun 2024RentedNew contract

AED 60,000/yr12 months · AED 150 per sqft

4 Jun 2023

4 Jun 2023RentedRenewal

AED 44,275/yr12 months · AED 111 per sqft

4 Jun 2022

4 Jun 2022RentedRenewal

AED 40,250/yr12 months · AED 101 per sqft

4 Jun 2021

4 Jun 2021RentedNew contract

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

3 Jan 2021

3 Jan 2021Sold by developerReady

AED 525,000AED 1,310 per sqft

Source: Dubai Land Department. Updated 8 July 2026.

Key facts

Type: Studio apartment
Size: 401 sqft
Floor: 17th of 23
Parking: P2-67
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 5,100 /yr
Last sold: AED 525K · January 2021
Building: Elite Business Bay Residence

About 1708, Elite Business Bay Residence

1708 is a studio of 401 sqft on the 17th 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 7 Ejari contracts. The current contract, signed on 8 July 2026, is AED 53,538 a year: a gross yield of 10.2% on the 2021 price, before the service charge of about AED 5,100 a year.

Sales and rents for 1708 over time

Sales

Unit 1708, each saleTypical studio in Elite Business Bay Residence

1708 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1708, 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 1708 sits

All 317 studios →

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

1708 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. 1708's AED 53,538 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 17th floor

All 524 units in Elite Business Bay Residence


1702	Studio	480 sqft	AED 551KAED 551,260 · Dec 2025December 2025	47,000 /yr
1703	Studio	480 sqft	AED 551KAED 551,260 · Dec 2025December 2025	65,000 /yr
1704	Studio	506 sqft	AED 615KAED 615,000 · Jun 2021June 2021	65,000 /yr
1705	Studio	503 sqft	AED 800KAED 800,000 · Apr 2023April 2023	55,000 /yr
1706	Studio	498 sqft	AED 485KAED 485,000 · Dec 2020December 2020	50,000 /yr
1707	2-bed	1,343 sqft	AED 1.25MAED 1,250,000 · Dec 2021December 2021
1709	2-bed	1,309 sqft	AED 1.18MAED 1,175,000 · Jan 2021January 2021	120,000 /yr
1710	1-bed	812 sqft	AED 810KAED 810,000 · Jan 2021January 2021	75,000 /yr
1711	1-bed	853 sqft	AED 830KAED 830,000 · Dec 2020December 2020	85,000 /yr
1712	1-bed	934 sqft	AED 950KAED 950,000 · Nov 2021November 2021
1713	1-bed	878 sqft	AED 1.29MAED 1,287,357 · Jul 2019July 2019	92,000 /yr
1714	1-bed	907 sqft	AED 830KAED 830,000 · Jan 2021January 2021	80,000 /yr
1715	Studio	609 sqft	AED 580KAED 580,000 · May 2021May 2021	65,000 /yr
1716	4-bed	2,168 sqft	AED 2.05MAED 2,051,000 · Feb 2021February 2021	160,000 /yr
1717	Studio	492 sqft	AED 600KAED 600,000 · Feb 2021February 2021
1718	4-bed	2,189 sqft	AED 2MAED 2,000,000 · Dec 2020December 2020	160,000 /yr
1719	Studio	508 sqft	AED 815KAED 815,000 · Sep 2025September 2025	66,000 /yr
1720	Studio	503 sqft	AED 680KAED 680,000 · Aug 2020August 2020	48,000 /yr
1721	Studio	475 sqft	AED 651KAED 651,420 · Nov 2017November 2017	58,000 /yr
1722	Studio	478 sqft	AED 665KAED 665,280 · Oct 2018October 2018	52,000 /yr
1723	Studio	482 sqft	AED 635KAED 635,000 · Sep 2018September 2018	53,000 /yr

1–7 of 21

1708, 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 June 2021 on 7 Ejari contracts, from AED 35,000 to AED 53,538 a year.
At AED 53,538 a year the gross yield on the 2021 price is 10.2%, 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 8 July 2026.

Questions about 1708, Elite Business Bay Residence

What did unit 1708 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 1708?

AED 53,538 a year on the contract signed on 8 July 2026. The previous contract, from February 2026, was AED 67,500; the unit has been rented since June 2021.

How big is unit 1708?

401 sqft (37.3 sqm): a studio on the 17th floor of a 23-storey tower completed in 2021.

What is unit 1708 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 1708, 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 →