Studio · 401 sqftElite Business Bay Residence, Business Bay · 18th floor · completed 2021

1808, 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 twice, last in January 2023, 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 1808 · DLD and Ejari recordsUpdated 10 September 2026

Last soldAED 650K12 January 2023

Current rentAED 45K /yr10 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1808, Elite Business Bay Residence

Today

What is 1808 worth today?

Last sold for AED 650,000 in 2023

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10 Sep 2026

10 Sep 2026RentedNew contract

AED 45,000/yr12 months · AED 113 per sqft

1 Aug 2025

1 Aug 2025RentedRenewal

AED 72,000/yr12 months · AED 181 per sqft

1 Aug 2025

1 Aug 2025RentedRenewal

AED 72,000/yr12 months · AED 181 per sqft

12 Jan 2023

12 Jan 2023SoldReady

AED 650,000AED 1,621 per sqft

10 Mar 2021

10 Mar 2021RentedNew contract

AED 47,871/yr12 months · AED 120 per sqft

22 Feb 2021

22 Feb 2021Sold by developerReady

AED 530,000AED 1,322 per sqft

Source: Dubai Land Department. Updated 10 September 2026.

Key facts

Type: Studio apartment
Size: 401 sqft
Floor: 18th of 23
Parking: P3-02
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 5,100 /yr
Last sold: AED 650K · January 2023
Building: Elite Business Bay Residence

About 1808, Elite Business Bay Residence

1808 is a studio of 401 sqft on the 18th floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 12 January 2023 for AED 650,000, or AED 1,621 per sqft, 29% above the AED 1,261 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 10 September 2026, is AED 45,000 a year: a gross yield of 6.9% on the 2023 price, before the service charge of about AED 5,100 a year.

Sales and rents for 1808 over time

Sales

Unit 1808, each saleTypical studio in Elite Business Bay Residence

1808 has sold twice; the dashed line is the studio median of each year in the building.

Rents

Unit 1808, 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 1808 sits

All 317 studios →

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

1808 last sold in January 2023 at AED 1,621 per sqft, 29% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,261). 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. 1808's AED 45,000 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 18th floor

All 524 units in Elite Business Bay Residence


1801	Studio	494 sqft	AED 500KAED 500,000 · Nov 2020November 2020	52,000 /yr
1802	Studio	480 sqft	AED 870KAED 870,000 · Sep 2024September 2024	79,000 /yr
1804	Studio	506 sqft	AED 670KAED 670,000 · Nov 2022November 2022	64,000 /yr
1805	Studio	503 sqft	AED 615KAED 615,000 · Sep 2021September 2021	60,000 /yr
1806	Studio	498 sqft	AED 800KAED 800,000 · Aug 2026August 2026	60,000 /yr
1807	2-bed	1,343 sqft	AED 1.32MAED 1,323,750 · Feb 2021February 2021	115,500 /yr
1809	2-bed	1,309 sqft	AED 2.25MAED 2,250,000 · Feb 2026February 2026	125,000 /yr
1810	1-bed	812 sqft	AED 760KAED 760,000 · Dec 2020December 2020	80,000 /yr
1811	1-bed	853 sqft	AED 750KAED 750,000 · Dec 2020December 2020	80,000 /yr
1812	1-bed	934 sqft	AED 775KAED 775,000 · Feb 2021February 2021	78,000 /yr
1813	1-bed	933 sqft	AED 1.1MAED 1,100,000 · Mar 2025March 2025	90,000 /yr
1814	1-bed	907 sqft	AED 1.1MAED 1,100,000 · Feb 2023February 2023	85,000 /yr
1815	Studio	609 sqft	AED 597KAED 597,000 · Jun 2021June 2021	65,000 /yr
1816	4-bed	2,168 sqft	AED 1.95MAED 1,950,000 · Dec 2020December 2020
1817	Studio	492 sqft	AED 580KAED 580,000 · Apr 2021April 2021	42,000 /yr
1818	4-bed	2,189 sqft	AED 2.15MAED 2,150,000 · Jan 2021January 2021	185,000 /yr
1819	Studio	508 sqft	AED 635KAED 635,000 · Jul 2020July 2020	50,000 /yr
1820	Studio	503 sqft	AED 635KAED 635,000 · Jul 2020July 2020	56,763 /yr
1821	Studio	475 sqft	AED 830KAED 830,000 · Mar 2026March 2026	65,000 /yr
1823	Studio	495 sqft	AED 520KAED 520,000 · Nov 2020November 2020

1–7 of 20

1808, Elite Business Bay Residence in numbers

Sold twice: first on 22 February 2021 for AED 530,000, last on 12 January 2023 for AED 650,000 (AED 1,621 per sqft).
Rented since March 2021 on 4 Ejari contracts, from AED 47,871 to AED 45,000 a year.
At AED 45,000 a year the gross yield on the 2023 price is 6.9%, 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 10 September 2026.

Questions about 1808, Elite Business Bay Residence

What did unit 1808 last sell for?

AED 650,000 on 12 January 2023: AED 1,621 per sqft for 401 sqft. The unit has 2 registered sales; the first was AED 530,000 in February 2021.

What is the rent for unit 1808?

AED 45,000 a year on the contract signed on 10 September 2026. The previous contract, from August 2025, was AED 72,000; the unit has been rented since March 2021.

How big is unit 1808?

401 sqft (37.3 sqm): a studio on the 18th floor of a 23-storey tower completed in 2021.

What is unit 1808 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 1808, Elite Business Bay Residence

Starts from the last sale price (AED 650K, 12 January 2023). 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 →