508, Elite Business Bay Residence
Sold prices and rental history: sold twice, last in August 2025, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Elite Business Bay Residence
What is 508 worth today?
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Source: Dubai Land Department. Updated 10 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 401 sqft
- Floor
- 5th of 23
- Parking
- B3-103
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 5,100 /yr
- Last sold
- AED 750K · August 2025
- Building
- Elite Business Bay Residence
About 508, Elite Business Bay Residence
508 is a studio of 401 sqft on the 5th floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 13 August 2025 for AED 750,000, or AED 1,871 per sqft, 13% above the AED 1,663 studios in the building were fetching at the time.
One Ejari contract is registered, from 10 October 2026. The current contract, signed on 10 October 2026, is AED 55,000 a year: a gross yield of 7.3% on the 2025 price, before the service charge of about AED 5,100 a year.
Sales and rents for 508 over time
508 has sold twice; 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 508 sits
All 317 studios →508 last sold in August 2025 at AED 1,871 per sqft, 13% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,663). 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. 508's AED 55,000 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 61K /yr
- Typical yield
- 7.5%
Other units on the 5th floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 494 sqft | AED 500KAED 500,000 · Apr 2021April 2021 | 58,000 /yr | |
| 502 | Studio | 480 sqft | AED 500KAED 500,000 · Feb 2021February 2021 | 60,000 /yr | |
| 503 | Studio | 480 sqft | AED 500KAED 500,000 · Apr 2021April 2021 | 50,000 /yr | |
| 504 | Studio | 506 sqft | AED 600KAED 600,300 · Dec 2020December 2020 | 48,000 /yr | |
| 505 | Studio | 501 sqft | AED 600KAED 600,300 · Dec 2020December 2020 | 60,000 /yr | |
| 506 | Studio | 501 sqft | AED 605KAED 605,000 · Jul 2022July 2022 | 50,000 /yr | |
| 507 | 2-bed | 1,343 sqft | AED 1.2MAED 1,200,000 · Jun 2021June 2021 | 120,000 /yr | |
| 509 | 2-bed | 1,309 sqft | AED 1.67MAED 1,665,741 · Dec 2023December 2023 | ||
| 510 | 1-bed | 815 sqft | AED 765KAED 765,000 · Feb 2021February 2021 | 77,175 /yr | |
| 511 | 1-bed | 853 sqft | AED 1.08MAED 1,080,000 · Nov 2023November 2023 | 80,000 /yr | |
| 512 | 1-bed | 934 sqft | AED 1.23MAED 1,231,383 · Dec 2023December 2023 | ||
| 513 | 1-bed | 933 sqft | AED 790KAED 790,000 · Feb 2021February 2021 | 72,000 /yr | |
| 514 | 1-bed | 907 sqft | AED 1.2MAED 1,201,641 · Dec 2023December 2023 | ||
| 515 | Studio | 605 sqft | AED 605KAED 605,000 · Jul 2022July 2022 | 50,000 /yr | |
| 516 | 4-bed | 2,172 sqft | AED 2.46MAED 2,461,540 · Jun 2021June 2021 | ||
| 517 | Studio | 492 sqft | AED 795KAED 795,000 · Jan 2026January 2026 | 54,000 /yr | |
| 518 | 4-bed | 2,191 sqft | AED 2.54MAED 2,538,460 · Jun 2021June 2021 | 195,000 /yr | |
| 519 | Studio | 506 sqft | AED 650KAED 650,000 · Mar 2020March 2020 | 58,000 /yr | |
| 520 | Studio | 503 sqft | AED 650KAED 650,000 · Mar 2020March 2020 | 52,000 /yr | |
| 521 | Studio | 475 sqft | AED 618KAED 617,580 · May 2022May 2022 | 71,400 /yr | |
| 522 | Studio | 478 sqft | AED 618KAED 617,580 · May 2022May 2022 | 58,000 /yr | |
| 523 | Studio | 495 sqft | AED 610KAED 610,000 · Nov 2022November 2022 | 59,000 /yr |
508, Elite Business Bay Residence in numbers
- Sold twice: first on 21 December 2020 for AED 470,000, last on 13 August 2025 for AED 750,000 (AED 1,871 per sqft).
- Rented since October 2026 on one Ejari contract, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2025 price is 7.3%, 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 October 2026.
Questions about 508, Elite Business Bay Residence
What did unit 508 last sell for?
AED 750,000 on 13 August 2025: AED 1,871 per sqft for 401 sqft. The unit has 2 registered sales; the first was AED 470,000 in December 2020.
What is the rent for unit 508?
AED 55,000 a year on the contract signed on 10 October 2026.
How big is unit 508?
401 sqft (37.3 sqm): a studio on the 5th floor of a 23-storey tower completed in 2021.
What is unit 508 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 508, Elite Business Bay Residence
Starts from the last sale price (AED 750K, 13 August 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →