1923, Elite Business Bay Residence
Sold prices and rental history: sold once, by the developer in February 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 1923, Elite Business Bay Residence
What is 1923 worth today?
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Source: Dubai Land Department. Updated 1 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 495 sqft
- Floor
- 19th of 23
- Parking
- P3-23
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,300 /yr
- Last sold
- AED 535K · February 2021
- Building
- Elite Business Bay Residence
About 1923, Elite Business Bay Residence
1923 is a studio of 495 sqft on the 19th 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 10 February 2021 for AED 535,000, or AED 1,081 per sqft, 11% below the AED 1,215 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 1 May 2026, is AED 60,000 a year: a gross yield of 11.2% on the 2021 price, before the service charge of about AED 6,300 a year.
Sales and rents for 1923 over time
1923 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 1923 sits
All 317 studios →1923 last sold in February 2021 at AED 1,081 per sqft, 11% below what studios in Elite Business Bay Residence were fetching at the time (AED 1,215). 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. 1923's AED 60,000 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 19th floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1901 | Studio | 482 sqft | AED 845KAED 845,132 · Jun 2019June 2019 | 65,000 /yr | |
| 1902 | Studio | 480 sqft | AED 750KAED 750,000 · Nov 2024November 2024 | 54,000 /yr | |
| 1903 | Studio | 467 sqft | AED 645KAED 645,000 · Jul 2018July 2018 | 55,148 /yr | |
| 1904 | Studio | 506 sqft | AED 750KAED 750,000 · Sep 2026September 2026 | 57,000 /yr | |
| 1905 | Studio | 491 sqft | AED 858KAED 858,341 · Jun 2019June 2019 | 67,000 /yr | |
| 1906 | Studio | 483 sqft | AED 845KAED 845,132 · Jun 2019June 2019 | 52,000 /yr | |
| 1907 | 2-bed | 1,299 sqft | AED 1.5MAED 1,500,000 · Oct 2017October 2017 | 120,000 /yr | |
| 1908 | Studio | 401 sqft | AED 525KAED 525,000 · Feb 2021February 2021 | 58,000 /yr | |
| 1909 | 2-bed | 1,309 sqft | AED 1.15MAED 1,150,000 · Feb 2021February 2021 | 130,000 /yr | |
| 1910 | 1-bed | 796 sqft | AED 1MAED 1,000,000 · Jan 2018January 2018 | 70,000 /yr | |
| 1911 | 1-bed | 853 sqft | AED 750KAED 750,000 · Dec 2020December 2020 | 80,000 /yr | |
| 1912 | 1-bed | 934 sqft | AED 830KAED 830,000 · Jan 2021January 2021 | 65,000 /yr | |
| 1913 | 1-bed | 933 sqft | AED 1.17MAED 1,170,000 · Nov 2024November 2024 | 80,000 /yr | |
| 1914 | 1-bed | 907 sqft | AED 1.15MAED 1,150,000 · Jul 2025July 2025 | 90,000 /yr | |
| 1915 | Studio | 552 sqft | AED 537KAED 537,000 · Nov 2020November 2020 | 62,000 /yr | |
| 1916 | 4-bed | 2,168 sqft | AED 2.66MAED 2,661,200 · Sep 2026September 2026 | 185,000 /yr | |
| 1917 | Studio | 492 sqft | AED 810KAED 810,000 · Dec 2025December 2025 | 40,000 /yr | |
| 1918 | 4-bed | 2,189 sqft | AED 2.4MAED 2,400,000 · Jan 2024January 2024 | ||
| 1919 | Studio | 508 sqft | AED 610KAED 610,000 · Aug 2020August 2020 | 56,100 /yr | |
| 1920 | Studio | 503 sqft | AED 750KAED 750,000 · Jun 2023June 2023 | 45,000 /yr | |
| 1921 | Studio | 475 sqft | AED 535KAED 535,000 · Feb 2021February 2021 | 44,000 /yr | |
| 1922 | Studio | 478 sqft | AED 900KAED 900,000 · Feb 2025February 2025 | 70,000 /yr |
1923, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 10 February 2021 for AED 535,000, or AED 1,081 per sqft.
- Rented since February 2021 on 6 Ejari contracts, from AED 40,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2021 price is 11.2%, 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 1 May 2026.
Questions about 1923, Elite Business Bay Residence
What did unit 1923 last sell for?
AED 535,000 on 10 February 2021, sold by the developer: AED 1,081 per sqft for 495 sqft. It is the only registered sale of the unit.
What is the rent for unit 1923?
AED 60,000 a year on the contract renewed on 1 May 2026. The previous contract, from May 2025, was AED 60,000; the unit has been rented since February 2021.
How big is unit 1923?
495 sqft (46.0 sqm): a studio on the 19th floor of a 23-storey tower completed in 2021.
What is unit 1923 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 1923, Elite Business Bay Residence
Starts from the last sale price (AED 535K, 10 February 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 535,000
- Deposit, UAE resident (20%)
- AED 107,000
- Deposit, non-resident (40%)
- AED 214,000
- Monthly over 25 years at 3.7%
- AED 2,189
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →