Sara Al Mansouri
Meridian Properties
+971 50 123 4567
sara@meridianproperties.ae
BRN 34781
Building market report · Business Bay · August 2026
Elite Business Bay Residence
Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026
Period covered: Sep 24 to Aug 26 · Ref AR-B552-202608
Key takeaways
- Median price for apartments: AED 793,750 (AED 17,474 per sqm).
- Per sqm, apartments here are 22% below the Business Bay average of AED 22,535 (sales-weighted across areas).
- 4 sales recorded in August 2026.
- Studio apartments were the most traded size: median AED 787,500 across 5 sales in three months.
- New rental contracts at a median AED 160,000 per year, an estimated 20.2% gross yield.
1.Apartments4 sales · August 2026
Small sample: medians for August 2026 are based on only 4 recorded sales and can swing month to month. Read the trend, not a single point.
Sale price per sqm and monthly sales · 24 months
Median annual rent and new contracts · 24 months
Six-month summary
| Month | Sales | Median price | AED / sqm | Median rent | Gross yield |
|---|---|---|---|---|---|
| August 2026 | 4 | AED 793,750 | AED 17,474 | AED 160,000 | 20.2% |
| July 2026 | 0 | — | — | AED 49,000 | — |
| June 2026 | 2 | AED 1,742,500 | AED 14,574 | — | — |
| May 2026 | 2 | AED 992,500 | AED 15,607 | AED 50,000 | 5.0% |
| April 2026 | 1 | AED 1,125,000 | AED 14,194 | AED 50,000 | 4.4% |
| March 2026 | 2 | AED 1,015,000 | AED 16,972 | AED 90,000 | 8.9% |
2.By bedroomthree months to August 2026
| Type | Sales | Median price | AED / sqm | Median rent | Contracts |
|---|---|---|---|---|---|
| Studio | 5 | AED 787,500 | AED 17,279 | — | 4 |
Registered sales and new rental contracts pooled over three months; medians only. Bedroom counts with fewer than five records are not shown.
3.Recent saleslast 15 registered in Elite Business Bay Residence
| Date | Unit | Size sqm | Price | AED / sqm | Status |
|---|---|---|---|---|---|
| 2 Sept 2026 | Studio | 47 | AED 750,000 | AED 15,961 | Ready |
| 20 Aug 2026 | Studio | 46 | AED 830,000 | AED 18,055 | Ready |
| 14 Aug 2026 | Studio | 45 | AED 787,500 | AED 17,669 | Ready |
| 7 Aug 2026 | Studio | 46 | AED 800,000 | AED 17,279 | Ready |
| 3 Aug 2026 | Studio | 46 | AED 718,000 | AED 15,619 | Ready |
| 29 Jun 2026 | Studio | 47 | AED 730,000 | AED 15,612 | Ready |
| 24 Jun 2026 | 4 bedrooms | 204 | AED 2,755,000 | AED 13,536 | Ready |
| 22 May 2026 | Studio | 45 | AED 725,000 | AED 16,267 | Ready |
| 15 May 2026 | 1 bedroom | 84 | AED 1,260,000 | AED 14,947 | Ready |
| 7 Apr 2026 | 1 bedroom | 79 | AED 1,125,000 | AED 14,194 | Ready |
| 31 Mar 2026 | 1 bedroom | 79 | AED 1,200,000 | AED 15,140 | Ready |
| 31 Mar 2026 | Studio | 37 | AED 800,000 | AED 21,488 | Ready |
| 25 Mar 2026 | Studio | 44 | AED 830,000 | AED 18,804 | Ready |
| 18 Feb 2026 | 2 bedrooms | 122 | AED 2,250,000 | AED 18,497 | Ready |
| 9 Feb 2026 | Studio | 47 | AED 800,000 | AED 17,109 | Ready |
Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.
4.Methodology and source
Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.
Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.
Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.
Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.