608, Elite Business Bay Residence
Sold prices and rental history: sold twice, last in November 2024, and rented once, from June 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 608, Elite Business Bay Residence
What is 608 worth today?
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Source: Dubai Land Department. Updated 6 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 401 sqft
- Floor
- 6th of 23
- Parking
- B2-45
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 5,100 /yr
- Last sold
- AED 780K · November 2024
- Building
- Elite Business Bay Residence
About 608, Elite Business Bay Residence
608 is a studio of 401 sqft on the 6th floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 6 November 2024 for AED 780,000, or AED 1,946 per sqft, 19% above the AED 1,636 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 June 2022. The current contract, signed on 1 June 2022, is AED 53,000 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 5,100 a year.
Sales and rents for 608 over time
608 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 608 sits
All 317 studios →608 last sold in November 2024 at AED 1,946 per sqft, 19% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,636). 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. 608's AED 53,000 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 6th floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | Studio | 494 sqft | AED 820KAED 820,000 · Jun 2025June 2025 | 40,000 /yr | |
| 602 | Studio | 480 sqft | AED 660KAED 660,000 · Feb 2023February 2023 | 60,000 /yr | |
| 603 | Studio | 480 sqft | AED 537KAED 537,000 · Mar 2021March 2021 | 57,000 /yr | |
| 604 | Studio | 493 sqft | AED 650KAED 650,000 · May 2018May 2018 | 37,000 /yr | |
| 605 | Studio | 501 sqft | AED 780KAED 780,000 · Jan 2026January 2026 | 43,000 /yr | |
| 606 | Studio | 501 sqft | AED 770KAED 770,000 · Jul 2025July 2025 | 52,000 /yr | |
| 607 | 2-bed | 1,343 sqft | AED 1.71MAED 1,710,244 · Dec 2023December 2023 | ||
| 609 | 2-bed | 1,309 sqft | AED 1.66MAED 1,660,962 · Dec 2023December 2023 | ||
| 610 | 1-bed | 815 sqft | AED 1.15MAED 1,150,000 · Oct 2023October 2023 | 80,000 /yr | |
| 611 | 1-bed | 853 sqft | AED 830KAED 830,000 · Apr 2021April 2021 | 70,000 /yr | |
| 612 | 1-bed | 934 sqft | AED 1.23MAED 1,228,444 · Dec 2023December 2023 | ||
| 613 | 1-bed | 933 sqft | AED 927KAED 926,789 · Mar 2024March 2024 | 80,000 /yr | |
| 614 | 1-bed | 907 sqft | AED 1.15MAED 1,150,000 · Mar 2023March 2023 | 80,000 /yr | |
| 615 | Studio | 605 sqft | AED 605KAED 605,000 · Jul 2022July 2022 | 50,000 /yr | |
| 616 | 4-bed | 2,172 sqft | AED 2.46MAED 2,461,540 · Jun 2021June 2021 | ||
| 617 | Studio | 492 sqft | AED 850KAED 850,000 · Oct 2025October 2025 | 70,000 /yr | |
| 618 | 4-bed | 2,191 sqft | AED 2.54MAED 2,538,460 · Jun 2021June 2021 | 180,000 /yr | |
| 619 | Studio | 506 sqft | AED 655KAED 655,000 · Mar 2021March 2021 | 48,000 /yr | |
| 620 | Studio | 503 sqft | AED 650KAED 650,000 · Sep 2020September 2020 | 50,000 /yr | |
| 621 | Studio | 475 sqft | AED 500KAED 500,000 · Mar 2021March 2021 | 50,000 /yr | |
| 622 | Studio | 478 sqft | AED 605KAED 605,000 · Nov 2020November 2020 | 57,000 /yr | |
| 623 | Studio | 495 sqft | AED 700KAED 700,000 · Jan 2023January 2023 | 63,000 /yr |
608, Elite Business Bay Residence in numbers
- Sold twice: first on 25 July 2021 for AED 495,000, last on 6 November 2024 for AED 780,000 (AED 1,946 per sqft).
- Rented since June 2022 on one Ejari contract, at AED 53,000 a year.
- At AED 53,000 a year the gross yield on the 2024 price is 6.8%, 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 6 November 2024.
Questions about 608, Elite Business Bay Residence
What did unit 608 last sell for?
AED 780,000 on 6 November 2024: AED 1,946 per sqft for 401 sqft. The unit has 2 registered sales; the first was AED 495,000 in July 2021.
What is the rent for unit 608?
AED 53,000 a year on the contract signed on 1 June 2022.
How big is unit 608?
401 sqft (37.3 sqm): a studio on the 6th floor of a 23-storey tower completed in 2021.
What is unit 608 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 608, Elite Business Bay Residence
Starts from the last sale price (AED 780K, 6 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 780,000
- Deposit, UAE resident (20%)
- AED 156,000
- Deposit, non-resident (40%)
- AED 312,000
- Monthly over 25 years at 3.7%
- AED 3,191
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →