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BuildingBusiness Bay · Range 4 Developments · 2021

Elite Business Bay Residence

Studios to four-beds in Business Bay. 47 apartments sold in the last 12 months; every sale, rent and unit is below.

Last 12 monthsUpdated 5 November 2026
Typical price per sqftAED 1,388Down 2.1% on the year
Typical saleAED 795K47 sales
Typical rentAED 61K /yrAED 104 per sqft
Typical yield7.5%AED 12.83/sqft charge
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About Elite Business Bay Residence

Elite Business Bay Residence is a freehold apartment building in Business Bay, in central Dubai beside Downtown Dubai. Range 4 Developments completed it in 2021. It has 23 storeys and 524 apartments, ranging from studios to four-bedroom homes, with sizes from 238 to 2,191 sqft. West Wharf Tower, The Quayside and Executive Bay A stand close by. Business Bay metro station (Red Line) is about 1.4 km away, on the Sheikh Zayed Road side of the district. Burj Khalifa/Dubai Mall is one stop north on the same line. Several everyday places are within walking distance. MARSHWALL Supermarket is about 100 m away and Mahan Poly Clinic about 200 m. The Red Looms mall, the azgard_center school, Canadian Kids Nursery Business Bay and the park at Business Marasi bay are each about 300 m away.

524 apartments over 23 floors: 317 studios of 238 to 609 sqft, 115 one-beds of 427 to 934 sqft, 46 two-beds of 1,273 to 1,343 sqft and 46 four-beds of 1,084 to 2,191 sqft. The service charge is AED 12.83 per sqft a year.

47 apartments sold in the 12 months to November 2026, at a median of AED 1,388 per sqft, down 2.1% on the year before. Most of the trading is in studios: 30 of the 47 sales, at AED 551,260 to 830,000, which is why the typical sale sits below the price of its larger homes. 391 rental contracts were registered over the same 12 months, at a typical AED 61,000 a year.

Developer
Range 4 Developments
Completed
2021
Floors
23
Units
524
Unit types
Studio to 4-bed

Business Bay, Dubai

Average prices in Elite Business Bay Residence

In Elite Business Bay Residence, typical sale prices over the last 12 months were around AED 700,000 for studios, AED 1,260,000 for one-beds, AED 1,900,000 for two-beds and AED 2,660,000 for four-beds.

Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.

Price history in Elite Business Bay Residence

1,5002,000May 2026Nov 20262025-11-14: AED 1,451, 2-bed, 1,309 sqft2025-11-21: AED 1,601, 1-bed, 811 sqft2025-11-27: AED 1,563, Studio, 480 sqft2025-12-05: AED 1,152, Studio, 478 sqft2025-12-05: AED 1,149, Studio, 480 sqft2025-12-05: AED 1,149, Studio, 480 sqft2025-12-05: AED 1,149, Studio, 480 sqft2025-12-05: AED 1,149, Studio, 480 sqft2025-12-05: AED 1,149, Studio, 480 sqft2025-12-05: AED 1,152, Studio, 478 sqft2025-12-05: AED 1,149, Studio, 480 sqft2025-12-05: AED 1,149, Studio, 480 sqft2025-12-05: AED 1,149, Studio, 480 sqft2025-12-05: AED 1,116, Studio, 494 sqft2025-12-05: AED 1,160, Studio, 475 sqft2025-12-05: AED 1,152, Studio, 478 sqft2025-12-16: AED 1,149, Studio, 480 sqft2025-12-18: AED 1,391, 1-bed, 934 sqft2025-12-19: AED 1,645, Studio, 492 sqft2025-12-25: AED 1,139, 1-bed, 933 sqft2026-01-06: AED 1,209, 1-bed, 934 sqft2026-01-07: AED 1,391, 1-bed, 934 sqft2026-01-26: AED 1,615, Studio, 492 sqft2026-01-28: AED 1,558, Studio, 501 sqft2026-02-03: AED 1,980, 1-bed, 934 sqft2026-02-06: AED 1,589, Studio, 503 sqft2026-02-18: AED 1,718, 2-bed, 1,309 sqft2026-03-25: AED 1,746, Studio, 475 sqft2026-03-31: AED 1,996, Studio, 401 sqft2026-03-31: AED 1,406, 1-bed, 853 sqft2026-04-07: AED 1,318, 1-bed, 853 sqft2026-05-15: AED 1,388, 1-bed, 907 sqft2026-05-22: AED 1,511, Studio, 480 sqft2026-06-24: AED 1,257, 4-bed, 2,191 sqft2026-06-26: AED 1,450, Studio, 503 sqft2026-08-07: AED 1,605, Studio, 498 sqft2026-08-14: AED 1,641, Studio, 480 sqft2026-08-19: AED 1,677, Studio, 495 sqft2026-09-02: AED 1,482, Studio, 506 sqft2026-09-22: AED 1,524, Studio, 498 sqft2026-09-22: AED 1,175, 2-bed, 1,309 sqft2026-09-22: AED 1,220, 4-bed, 2,168 sqft2026-09-22: AED 1,214, 4-bed, 2,189 sqft2026-09-22: AED 1,227, 4-bed, 2,168 sqft2026-09-22: AED 1,218, 4-bed, 2,189 sqft2026-11-03: AED 1,418, Studio, 494 sqft2026-11-04: AED 1,404, Studio, 498 sqftTrend: AED 1,331 to AED 1,463

Every registered sale in the last 12 months; the dashed line is the trend, grey dots are flagged outliers left out of it.

Transaction history in Elite Business Bay Residence

  • CompletedStudio · 498 sqft 04 Nov 2026AED 700,0001,405 /sqft
  • CompletedStudio · 493 sqft 03 Nov 2026AED 700,0001,418 /sqft
  • Completed4-bed · 2,168 sqft 22 Sep 2026AED 2,661,2001,227 /sqft
  • CompletedStudio · 498 sqft 22 Sep 2026AED 760,0001,525 /sqft
  • Completed4-bed · 2,189 sqft 22 Sep 2026AED 2,667,0001,218 /sqft
  • Completed4-bed · 2,168 sqft 22 Sep 2026AED 2,647,5001,221 /sqft
  • Completed4-bed · 2,189 sqft 22 Sep 2026AED 2,658,0001,214 /sqft
  • Completed2-bed · 1,309 sqft 22 Sep 2026AED 1,539,0001,175 /sqft
  • CompletedStudio · 505 sqft 02 Sep 2026AED 750,0001,483 /sqft
  • CompletedStudio · 494 sqft 19 Aug 2026AED 830,0001,677 /sqft

Over the last 12 months, Elite Business Bay Residence has recorded 47 apartment sales. Typical homes sold for around AED 795K (about AED 1,388 per sqft) with a median size of 498 sqft; most were studios, from roughly AED 551K to AED 2.76M.

1–10 of 789

Units in Elite Business Bay Residence

524 units
  • Unit 101Studio · 494 sqftSold AED 650K, Jan 2023
  • Unit 102Studio · 480 sqftSold AED 535K, Nov 2020
  • Unit 103Studio · 480 sqftSold AED 788K, Aug 2026
  • Unit 104Studio · 506 sqftSold AED 765K, Sep 2024
  • Unit 105Studio · 489 sqftSold AED 624K, Jan 2018
  • Unit 106Studio · 501 sqftSold AED 550K, Jun 2021
  • Unit 1072-bed · 1,343 sqftSold AED 1.72M, Dec 2023
  • Unit 108Studio · 401 sqftSold AED 600K, Mar 2021
  • Unit 1092-bed · 1,309 sqftSold AED 1.66M, Dec 2023
  • Unit 1101-bed · 815 sqftSold AED 1.12M, Dec 2023
1–10 of 524
Every unit in Elite Business Bay Residence, by number

By type: studios (317), one-beds (115), two-beds (46), four-beds (46).

Nearby in Business Bay

All 187 →
BuildingSale /sqftYield
West Wharf TowerAED 1,5876.9%
The QuaysideAED 2,5205.1%
Executive Bay AAED 1,4057.5%
Executive Bay PodiumFew sales
Executive Bay BFew sales
1–5 of 186 · nearest first

Elite Business Bay Residence in numbers

  • Across 47 DLD sales in the 12 months to November 2026, the median price in Elite Business Bay Residence was AED 1,388 per sqft and the typical home sold for about AED 795K.
  • Completed in 2021 by Range 4 Developments; 23 floors of studios to four-beds; service charge AED 12.83 per sqft a year.
  • Studios of 238 to 609 sqft sold for AED 551,260 to 830,000 between November 2025 and November 2026, a median AED 1,411 per sqft.
  • A studio of 238 to 609 sqft rents for AED 44,000 to 97,000 a year on the 267 contracts registered in the last 12 months.
  • Gross rental yield 7.5%: the median rent per sqft over the median sale price per sqft, before service charges.

Source: Dubai Land Department. Updated 5 November 2026.

Questions

How much does a studio in Elite Business Bay Residence cost?

30 studios sold in the 12 months to November 2026, for AED 551,260 to 830,000; the median was AED 700,000, or AED 1,411 per sqft.

How much is a studio for rent in Elite Business Bay Residence?

About AED 55,000 a year: that is the median of the 267 contracts for studios registered with Ejari in the 12 months to November 2026, from AED 44,000 to 97,000.

What is the rental yield in Elite Business Bay Residence?

About 7.5% gross across the building, from about 7.8% for studios to 6.2% for two-beds, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.

Have prices in Elite Business Bay Residence gone up?

The median price per sqft fell from about AED 1,417 to AED 1,388 over the 12 months to November 2026, down 2.1%, on 47 sales against 33 the year before.

What is the service charge in Elite Business Bay Residence?

AED 12.83 per sqft a year. For a typical 498 sqft home that is about AED 6,400 a year.

Who built Elite Business Bay Residence and when?

Range 4 Developments; completed in 2021; 23 floors; 524 apartments.

How many apartments are there in Elite Business Bay Residence?

524, studios to four-beds. Each has its own page with its full sales and rental history.

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