1BR Apartment in ELIRE Managed by LUX, Business Bay

This 1-bedroom, 1-bathroom apartment at Elire by Qube Development, managed by LUX* offers 655 sq ft in Business Bay, priced from AED 2,846,280 (about AED 4,345 per sq ft), with handover expected in Q4 2028.

Elire is a boutique canal-side building by Qube Development in Business Bay with about 100 fully furnished residences, from 1 to 3-bedroom apartments to 3 and 4-bedroom duplexes, managed with hotel-grade services by The Lux Collective (LUX*); sales opened in October 2025. The Dubai Land Department lists it as Elire, project 3467 (Qube Development L.L.C), registered in April 2025 with 101 units: 100 homes (41 one-bedroom, 18 two-bedroom, 17 three-bedroom and 24 four-bedroom) and 1 commercial unit. Construction stood at 8.15% at the latest DLD inspection on 11 August 2026. Facilities include a temperature-controlled infinity pool with canal and Burj Khalifa views, lap pools, a gym, a sauna, steam rooms and a Turkish hammam, a private cinema, a basketball court, a co-working space, landscaped gardens with more than 2,300 plants, indoor and outdoor kids' play areas and a BBQ area, with concierge.

Bay Avenue mall and Business Bay park are a short walk away, the Business Bay metro station is about 770 metres away, and Burj Khalifa, Dubai Mall and Safa Park are a few minutes by car.

The 1-bedroom layout suits investors who want a furnished, hotel-managed unit on the canal.

What is the payment plan for Elire? Apartments are offered on a 60/40 plan (60% during construction, 40% on handover) and duplexes on a 45/55 plan (15% on booking, 30% during construction, 55% on handover). Dubai Land Department registration adds 4% of the purchase price.

How does the price compare with Business Bay? Registered sales in Business Bay had a median of AED 2,431 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 4,754 sales). At about AED 4,345 per sq ft, this unit is around 79% above that median.

What rental yield can investors expect in Business Bay? The median annual rent was AED 95,000, a gross yield of about 4.6% over the same period (Dubai Land Department, 17,685 Ejari contracts in Business Bay). Actual returns depend on the unit, floor and market at handover.

When will Elire be completed? Our feed lists handover in Q4 2028.

Prices and availability come from the developer and can change. Contact Platinum Square for current availability, floor plans and the full payment schedule.