Studio · 401 sqftElite Business Bay Residence, Business Bay · 20th floor · completed 2021

2008, 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 February 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 2008 · DLD and Ejari recordsUpdated 21 September 2026

Last soldAED 525K17 February 2021

Current rentAED 50K /yr21 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 2008, Elite Business Bay Residence

Today

What is 2008 worth today?

Last sold for AED 525,000 in 2021

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21 Sep 2026

21 Sep 2026RentedNew contract

AED 50,000/yr12 months · AED 126 per sqft

28 Nov 2025

28 Nov 2025RentedRenewal

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

28 Nov 2024

28 Nov 2024RentedNew contract

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

22 Oct 2023

22 Oct 2023RentedRenewal

AED 57,500/yr12 months · AED 143 per sqft

20 Oct 2022

20 Oct 2022RentedNew contract

AED 54,706/yr12 months · AED 137 per sqft

28 Sep 2021

28 Sep 2021RentedNew contract

AED 40,000/yr12 months · AED 100 per sqft

17 Feb 2021

17 Feb 2021Sold by developerReady

AED 525,000AED 1,310 per sqft

Source: Dubai Land Department. Updated 21 September 2026.

Key facts

Type: Studio apartment
Size: 401 sqft
Floor: 20th of 23
Parking: P3-31
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 5,100 /yr
Last sold: AED 525K · February 2021
Building: Elite Business Bay Residence

About 2008, Elite Business Bay Residence

2008 is a studio of 401 sqft on the 20th 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 February 2021 for AED 525,000, or AED 1,310 per sqft, 7% above the AED 1,219 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 21 September 2026, is AED 50,000 a year: a gross yield of 9.5% on the 2021 price, before the service charge of about AED 5,100 a year.

Sales and rents for 2008 over time

Sales

Unit 2008, each saleTypical studio in Elite Business Bay Residence

2008 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 2008, 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 2008 sits

All 317 studios →

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

2008 last sold in February 2021 at AED 1,310 per sqft, 7% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,219). 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. 2008's AED 50,000 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 61K /yr
Typical yield: 7.5%

Elite Business Bay Residence, Business Bay: prices, sales and rents →

Other units on the 20th floor

All 524 units in Elite Business Bay Residence


2001	Studio	494 sqft	AED 520KAED 520,000 · Feb 2021February 2021	63,000 /yr
2002	Studio	480 sqft	AED 575KAED 575,000 · Feb 2021February 2021	60,000 /yr
2003	Studio	480 sqft	AED 960KAED 960,000 · Mar 2024March 2024	60,000 /yr
2004	Studio	506 sqft	AED 580KAED 580,000 · Aug 2021August 2021	60,000 /yr
2005	Studio	503 sqft	AED 730KAED 730,000 · Nov 2023November 2023	52,500 /yr
2006	Studio	498 sqft	AED 760KAED 760,000 · Sep 2026September 2026	46,000 /yr
2007	2-bed	1,343 sqft	AED 1.8MAED 1,800,000 · Sep 2025September 2025	123,000 /yr
2009	2-bed	1,273 sqft	AED 1.8MAED 1,801,800 · Jul 2019July 2019	135,000 /yr
2010	1-bed	812 sqft	AED 760KAED 760,000 · Dec 2020December 2020	80,000 /yr
2011	1-bed	853 sqft	AED 750KAED 750,000 · Dec 2020December 2020	75,000 /yr
2012	1-bed	934 sqft	AED 1.2MAED 1,200,000 · Apr 2024April 2024	60,000 /yr
2013	1-bed	933 sqft	AED 1.2MAED 1,200,000 · Mar 2025March 2025	95,000 /yr
2014	1-bed	907 sqft	AED 860KAED 860,000 · Oct 2022October 2022	72,450 /yr
2015	Studio	552 sqft	AED 737KAED 737,000 · Dec 2018December 2018	55,000 /yr
2016	4-bed	2,168 sqft	AED 2.08MAED 2,080,000 · Mar 2021March 2021	150,000 /yr
2017	Studio	492 sqft	AED 600KAED 600,000 · Nov 2020November 2020	52,000 /yr
2018	4-bed	2,189 sqft	AED 2.3MAED 2,300,000 · Sep 2023September 2023
2019	Studio	508 sqft	AED 750KAED 750,000 · Apr 2023April 2023
2020	Studio	503 sqft	AED 640KAED 640,000 · Sep 2018September 2018
2021	Studio	475 sqft	AED 660KAED 659,880 · Apr 2021April 2021	48,000 /yr
2022	Studio	478 sqft	AED 590KAED 590,000 · Jun 2021June 2021
2023	Studio	495 sqft	AED 585KAED 585,000 · Mar 2021March 2021	63,000 /yr

1–7 of 22

2008, Elite Business Bay Residence in numbers

Sold once: by Range 4 Developments on 17 February 2021 for AED 525,000, or AED 1,310 per sqft.
Rented since September 2021 on 6 Ejari contracts, from AED 40,000 to AED 50,000 a year.
At AED 50,000 a year the gross yield on the 2021 price is 9.5%, 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 21 September 2026.

Questions about 2008, Elite Business Bay Residence

What did unit 2008 last sell for?

AED 525,000 on 17 February 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 2008?

AED 50,000 a year on the contract signed on 21 September 2026. The previous contract, from November 2025, was AED 60,000; the unit has been rented since September 2021.

How big is unit 2008?

401 sqft (37.3 sqm): a studio on the 20th floor of a 23-storey tower completed in 2021.

What is unit 2008 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 2008, Elite Business Bay Residence

Starts from the last sale price (AED 525K, 17 February 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 →