1-bed · 934 sqftElite Business Bay Residence, Business Bay · 23rd floor · completed 2021

2312, 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 3 times, last in January 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 2312 · DLD and Ejari recordsUpdated 31 August 2026

Last soldAED 995K24 January 2023

Current rentAED 75K /yr31 August 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 2312, Elite Business Bay Residence

Today

What is 2312 worth today?

Last sold for AED 995,000 in 2023

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31 Aug 2026

31 Aug 2026RentedNew contract

AED 75,000/yr12 months · AED 80 per sqft

27 Aug 2025

27 Aug 2025RentedRenewal

AED 73,500/yr12 months · AED 78 per sqft

27 Aug 2024

27 Aug 2024RentedRenewal

AED 70,000/yr12 months · AED 75 per sqft

27 Aug 2023

27 Aug 2023RentedNew contract

AED 70,000/yr12 months · AED 75 per sqft

24 Jan 2023

24 Jan 2023SoldReady

AED 995,000AED 1,064 per sqft

27 Aug 2022

27 Aug 2022RentedNew contract

AED 70,000/yr12 months · AED 75 per sqft

28 Dec 2021

28 Dec 2021SoldReady

AED 282,000AED 905 per sqft

28 Mar 2021

28 Mar 2021Sold by developerReady

AED 854,545AED 914 per sqft

Source: Dubai Land Department. Updated 31 August 2026.

Key facts

Type: 1-bed apartment
Size: 934 sqft
Floor: 23rd of 23
Parking: P3-118
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 12,000 /yr
Last sold: AED 995K · January 2023
Building: Elite Business Bay Residence

About 2312, Elite Business Bay Residence

2312 is a one-bedroom apartment of 934 sqft on the 23rd floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 24 January 2023 for AED 995,000, or AED 1,064 per sqft, 3% above the AED 1,030 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 31 August 2026, is AED 75,000 a year: a gross yield of 7.5% on the 2023 price, before the service charge of about AED 12,000 a year.

Sales and rents for 2312 over time

Sales

Unit 2312, each saleTypical one-bed in Elite Business Bay Residence

2312 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents

Unit 2312, each contractTypical one-bed in Elite Business Bay Residence

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Business Bay Residence, and where 2312 sits

All 115 1-beds →

1-beds in Elite Business Bay Residence · last 12 months1,391 /sqft Elite Business Bay Residence · all types1,388 /sqft

2312 last sold in January 2023 at AED 1,064 per sqft, 3% above what one-beds in Elite Business Bay Residence were fetching at the time (AED 1,030). Over the last 12 months one-beds sold for AED 1,062,878 to 1,850,000, around AED 1,391 per sqft, and rent for AED 41,000 to 115,000 a year. 2312's AED 75,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
15 May 202615 May 2026	907 sqft	1,260,000	1,388
7 Apr 20267 April 2026	853 sqft	1,125,000	1,318
31 Mar 202631 March 2026	853 sqft	1,200,000	1,406
3 Feb 20263 February 2026	934 sqft	1,850,000	1,980

9 1-bed 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 23rd floor

All 524 units in Elite Business Bay Residence


2301	Studio	494 sqft	AED 550KAED 550,000 · Jun 2021June 2021	50,000 /yr
2302	Studio	480 sqft	AED 550KAED 550,000 · Jun 2021June 2021	62,000 /yr
2303	Studio	480 sqft	AED 550KAED 550,000 · Jun 2021June 2021	48,000 /yr
2304	Studio	506 sqft	AED 540KAED 540,000 · Jun 2021June 2021	50,000 /yr
2305	Studio	503 sqft	AED 540KAED 540,000 · Jun 2021June 2021	54,000 /yr
2306	Studio	498 sqft	AED 650KAED 650,000 · Jun 2021June 2021	53,000 /yr
2307	2-bed	1,343 sqft	AED 1.45MAED 1,450,000 · Jan 2021January 2021	110,000 /yr
2308	Studio	401 sqft	AED 590KAED 590,000 · Jun 2021June 2021	45,000 /yr
2309	2-bed	1,309 sqft	AED 2.1MAED 2,100,000 · Apr 2024April 2024	120,000 /yr
2310	1-bed	811 sqft	AED 1.3MAED 1,300,000 · Nov 2025November 2025	85,000 /yr
2311	1-bed	853 sqft	AED 1.2MAED 1,200,000 · Mar 2026March 2026	84,000 /yr
2313	1-bed	933 sqft	AED 1MAED 1,000,000 · Apr 2023April 2023	105,000 /yr
2314	1-bed	907 sqft	AED 1MAED 1,000,000 · Jan 2023January 2023	73,000 /yr
2315	Studio	609 sqft	AED 650KAED 650,000 · Jun 2021June 2021	75,000 /yr
2316	4-bed	2,168 sqft	AED 2.93MAED 2,925,000 · Jul 2024July 2024	160,000 /yr
2317	Studio	492 sqft	AED 885KAED 885,000 · Aug 2024August 2024	55,000 /yr
2318	4-bed	2,189 sqft	AED 2.6MAED 2,600,000 · Jan 2024January 2024	220,000 /yr
2319	Studio	508 sqft	AED 590KAED 590,000 · Jun 2021June 2021	54,600 /yr
2320	Studio	503 sqft	AED 540KAED 540,000 · Jun 2021June 2021	50,000 /yr
2321	Studio	475 sqft	AED 550KAED 550,000 · Jun 2021June 2021	65,000 /yr
2322	Studio	478 sqft	AED 550KAED 550,000 · Jun 2021June 2021	55,000 /yr
2323	Studio	495 sqft	AED 550KAED 550,000 · Jun 2021June 2021	55,000 /yr

1–7 of 22

2312, Elite Business Bay Residence in numbers

Sold 3 times: first on 28 March 2021 for AED 854,545, last on 24 January 2023 for AED 995,000 (AED 1,064 per sqft).
Rented since August 2022 on 5 Ejari contracts, from AED 70,000 to AED 75,000 a year.
At AED 75,000 a year the gross yield on the 2023 price is 7.5%, before a service charge of about AED 12,000 a year (AED 12.83 per sqft).
One-beds in Elite Business Bay Residence sold for AED 1,062,878–1,850,000 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 31 August 2026.

Questions about 2312, Elite Business Bay Residence

What did unit 2312 last sell for?

AED 995,000 on 24 January 2023: AED 1,064 per sqft for 934 sqft. The unit has 3 registered sales; the first was AED 854,545 in March 2021.

What is the rent for unit 2312?

AED 75,000 a year on the contract signed on 31 August 2026. The previous contract, from August 2025, was AED 73,500; the unit has been rented since August 2022.

How big is unit 2312?

934 sqft (86.8 sqm): a one-bedroom apartment on the 23rd floor of a 23-storey tower completed in 2021.

What is unit 2312 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Business Bay Residence sold for AED 1,062,878 to 1,850,000 in the last 12 months, around AED 1,391 per sqft.

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Mortgage on 2312, Elite Business Bay Residence

Starts from the last sale price (AED 995K, 24 January 2023). Switch to today's estimate once you have unlocked it.

Price: AED 995,000
Deposit, UAE resident (20%): AED 199,000
Deposit, non-resident (40%): AED 398,000
Monthly over 25 years at 3.7%: AED 4,071

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