Studio · 494 sqftElite Business Bay Residence, Business Bay · 18th floor · completed 2021

1801, Elite Business Bay Residence

Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1801 · DLD and Ejari recordsUpdated 5 October 2026
Last soldAED 500K17 November 2020
Current rentAED 52K /yr5 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1801, Elite Business Bay Residence

What is 1801 worth today?

Last sold for AED 500,000 in 2020

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5 Oct 2026RentedNew contract
AED 52,000/yr12 months · AED 105 per sqft
21 Sep 2025RentedNew contract
AED 58,000/yr12 months · AED 117 per sqft
10 Sep 2024RentedNew contract
AED 55,000/yr12 months · AED 111 per sqft
7 Jul 2023RentedNew contract
AED 50,000/yr12 months · AED 101 per sqft
18 Apr 2022RentedNew contract
AED 43,000/yr12 months · AED 87 per sqft
25 Mar 2021RentedNew contract
AED 37,000/yr12 months · AED 75 per sqft
17 Nov 2020Sold by developerOff-plan
AED 500,000AED 1,012 per sqft

Source: Dubai Land Department. Updated 5 October 2026.

Key facts

Type
Studio apartment
Size
494 sqft
Floor
18th of 23
Parking
P2-95
Developer
Range 4 Developments
Completed
2021
Service charge
AED 6,300 /yr
Last sold
AED 500K · November 2020

About 1801, Elite Business Bay Residence

1801 is a studio of 494 sqft on the 18th 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 17 November 2020 for AED 500,000, or AED 1,012 per sqft, 21% below the AED 1,283 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 5 October 2026, is AED 52,000 a year: a gross yield of 10.4% on the 2020 price, before the service charge of about AED 6,300 a year.

Sales and rents for 1801 over time

Sales
Unit 1801, each saleTypical studio in Elite Business Bay Residence
600K800K2017202020232026Typical sale price by year: 2017 AED 618,000; 2018 AED 645,000; 2019 AED 845,132; 2020 AED 605,000; 2021 AED 560,000; 2022 AED 605,000; 2023 AED 660,000; 2024 AED 790,000; 2025 AED 600,630; 2026 AED 783,750Sold by developer, November 2020: AED 500,000 (AED 1,012 per sqft)

1801 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1801, each contractTypical studio in Elite Business Bay Residence
40K60K2021202320252027Typical rent by year: 2021 AED 38,000; 2022 AED 43,900; 2023 AED 52,000; 2024 AED 58,000; 2025 AED 60,000; 2026 AED 54,000New contract, March 2021: AED 37,000 a yearNew contract, April 2022: AED 43,000 a yearNew contract, July 2023: AED 50,000 a yearNew contract, September 2024: AED 55,000 a yearNew contract, September 2025: AED 58,000 a yearNew contract, October 2026: AED 52,000 a year

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 1801 sits

All 317 studios →

1801 last sold in November 2020 at AED 1,012 per sqft, 21% below what studios in Elite Business Bay Residence were fetching at the time (AED 1,283). 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. 1801's AED 52,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026700,000
3 Nov 2026700,000
22 Sep 2026760,000
2 Sep 2026750,000
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 →
Value
1802StudioAED 870K · Sep 2024
1804StudioAED 670K · Nov 2022
1805StudioAED 615K · Sep 2021
1806StudioAED 800K · Aug 2026
18072-bedAED 1.32M · Feb 2021
1808StudioAED 650K · Jan 2023
18092-bedAED 2.25M · Feb 2026
1–7 of 20

1801, Elite Business Bay Residence in numbers

  • Sold once: by Range 4 Developments on 17 November 2020 for AED 500,000, or AED 1,012 per sqft.
  • Rented since March 2021 on 6 Ejari contracts, from AED 37,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2020 price is 10.4%, before a service charge of about AED 6,300 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 1801, Elite Business Bay Residence

What did unit 1801 last sell for?

AED 500,000 on 17 November 2020, sold by the developer: AED 1,012 per sqft for 494 sqft. It is the only registered sale of the unit.

What is the rent for unit 1801?

AED 52,000 a year on the contract signed on 5 October 2026. The previous contract, from September 2025, was AED 58,000; the unit has been rented since March 2021.

How big is unit 1801?

494 sqft (45.9 sqm): a studio on the 18th floor of a 23-storey tower completed in 2021.

What is unit 1801 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 1801, Elite Business Bay Residence

Starts from the last sale price (AED 500K, 17 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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