1-bed · 933 sqftElite Business Bay Residence, Business Bay · 3rd floor · completed 2021

313, Elite Business Bay Residence

Sold prices and rental history: sold 3 times, last in December 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 313 · DLD and Ejari recordsUpdated 11 December 2023
Last soldAED 1.23M11 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 313, Elite Business Bay Residence

What is 313 worth today?

Last sold for AED 1,227,389 in 2023

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11 Dec 2023SoldReady
AED 1,227,389AED 1,315 per sqft
22 Feb 2021SoldReady
AED 578,640AED 620 per sqft
14 Feb 2021Sold by developerOff-plan
AED 578,640AED 620 per sqft

Source: Dubai Land Department. Updated 11 December 2023.

Key facts

Type
1-bed apartment
Size
933 sqft
Floor
3rd of 23
Parking
B3-20
Developer
Range 4 Developments
Completed
2021
Service charge
AED 12,000 /yr
Last sold
AED 1.23M · December 2023

About 313, Elite Business Bay Residence

313 is a one-bedroom apartment of 933 sqft on the 3rd floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 11 December 2023 for AED 1,227,389, or AED 1,315 per sqft, 3% above the AED 1,275 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 313 over time

Sales
Unit 313, each saleTypical one-bed in Elite Business Bay Residence
500K1M2017202020232026Typical sale price by year: 2017 AED 937,615; 2019 AED 1,152,574; 2020 AED 882,000; 2021 AED 787,500; 2022 AED 890,000; 2023 AED 1,150,000; 2024 AED 1,160,000; 2025 AED 1,156,000; 2026 AED 1,230,000Sold, February 2021: AED 578,640 (AED 620 per sqft)Sold by developer, February 2021: AED 578,640 (AED 620 per sqft)Sold, December 2023: AED 1,227,389 (AED 1,315 per sqft)

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

Rents
Unit 313, each contractTypical one-bed in Elite Business Bay Residence
60K70K80K2021202320252027Typical rent by year: 2021 AED 60,000; 2022 AED 67,000; 2023 AED 75,000; 2024 AED 82,000; 2025 AED 82,000; 2026 AED 78,000

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 313 sits

All 115 1-beds →

313 last sold in December 2023 at AED 1,315 per sqft, 3% above what one-beds in Elite Business Bay Residence were fetching at the time (AED 1,275). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
15 May 20261,260,000
7 Apr 20261,125,000
31 Mar 20261,200,000
3 Feb 20261,850,000
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 61K /yr
Typical yield
7.5%
Elite Business Bay Residence, Business Bay: prices, sales and rents →
Value
301StudioAED 750K · Jul 2024
302StudioAED 725K · May 2026
303StudioAED 500K · Apr 2021
304StudioAED 595K · Dec 2020
305StudioAED 595K · Dec 2020
306StudioAED 605K · Nov 2022
3072-bedAED 1.71M · Dec 2023
1–7 of 22

313, Elite Business Bay Residence in numbers

  • Sold 3 times: first on 14 February 2021 for AED 578,640, last on 11 December 2023 for AED 1,227,389 (AED 1,315 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 11 December 2023.

Questions about 313, Elite Business Bay Residence

What did unit 313 last sell for?

AED 1,227,389 on 11 December 2023: AED 1,315 per sqft for 933 sqft. The unit has 3 registered sales; the first was AED 578,640 in February 2021.

How big is unit 313?

933 sqft (86.7 sqm): a one-bedroom apartment on the 3rd floor of a 23-storey tower completed in 2021.

What is unit 313 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 313, Elite Business Bay Residence

Starts from the last sale price (AED 1.23M, 11 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,227,389
Deposit, UAE resident (20%)
AED 245,478
Deposit, non-resident (40%)
AED 490,956
Monthly over 25 years at 3.7%
AED 5,022

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