2003, Elite Business Bay Residence
Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2003, Elite Business Bay Residence
What is 2003 worth today?
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Source: Dubai Land Department. Updated 1 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 480 sqft
- Floor
- 20th of 23
- Parking
- P3-27
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,200 /yr
- Last sold
- AED 960K · March 2024
- Building
- Elite Business Bay Residence
About 2003, Elite Business Bay Residence
2003 is a studio of 480 sqft on the 20th floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 4 March 2024 for AED 960,000, or AED 2,001 per sqft, 37% above the AED 1,463 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 1 July 2025, is AED 60,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 6,200 a year.
Sales and rents for 2003 over time
2003 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 2003 sits
All 317 studios →2003 last sold in March 2024 at AED 2,001 per sqft, 37% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,463). 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. 2003's AED 60,000 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 20th floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | Studio | 494 sqft | AED 520KAED 520,000 · Feb 2021February 2021 | 63,000 /yr | |
| 2002 | Studio | 480 sqft | AED 575KAED 575,000 · Feb 2021February 2021 | 60,000 /yr | |
| 2004 | Studio | 506 sqft | AED 580KAED 580,000 · Aug 2021August 2021 | 60,000 /yr | |
| 2005 | Studio | 503 sqft | AED 730KAED 730,000 · Nov 2023November 2023 | 52,500 /yr | |
| 2006 | Studio | 498 sqft | AED 760KAED 760,000 · Sep 2026September 2026 | 46,000 /yr | |
| 2007 | 2-bed | 1,343 sqft | AED 1.8MAED 1,800,000 · Sep 2025September 2025 | 123,000 /yr | |
| 2008 | Studio | 401 sqft | AED 525KAED 525,000 · Feb 2021February 2021 | 50,000 /yr | |
| 2009 | 2-bed | 1,273 sqft | AED 1.8MAED 1,801,800 · Jul 2019July 2019 | 135,000 /yr | |
| 2010 | 1-bed | 812 sqft | AED 760KAED 760,000 · Dec 2020December 2020 | 80,000 /yr | |
| 2011 | 1-bed | 853 sqft | AED 750KAED 750,000 · Dec 2020December 2020 | 75,000 /yr | |
| 2012 | 1-bed | 934 sqft | AED 1.2MAED 1,200,000 · Apr 2024April 2024 | 60,000 /yr | |
| 2013 | 1-bed | 933 sqft | AED 1.2MAED 1,200,000 · Mar 2025March 2025 | 95,000 /yr | |
| 2014 | 1-bed | 907 sqft | AED 860KAED 860,000 · Oct 2022October 2022 | 72,450 /yr | |
| 2015 | Studio | 552 sqft | AED 737KAED 737,000 · Dec 2018December 2018 | 55,000 /yr | |
| 2016 | 4-bed | 2,168 sqft | AED 2.08MAED 2,080,000 · Mar 2021March 2021 | 150,000 /yr | |
| 2017 | Studio | 492 sqft | AED 600KAED 600,000 · Nov 2020November 2020 | 52,000 /yr | |
| 2018 | 4-bed | 2,189 sqft | AED 2.3MAED 2,300,000 · Sep 2023September 2023 | ||
| 2019 | Studio | 508 sqft | AED 750KAED 750,000 · Apr 2023April 2023 | ||
| 2020 | Studio | 503 sqft | AED 640KAED 640,000 · Sep 2018September 2018 | ||
| 2021 | Studio | 475 sqft | AED 660KAED 659,880 · Apr 2021April 2021 | 48,000 /yr | |
| 2022 | Studio | 478 sqft | AED 590KAED 590,000 · Jun 2021June 2021 | ||
| 2023 | Studio | 495 sqft | AED 585KAED 585,000 · Mar 2021March 2021 | 63,000 /yr |
2003, Elite Business Bay Residence in numbers
- Sold twice: first on 22 November 2020 for AED 600,000, last on 4 March 2024 for AED 960,000 (AED 2,001 per sqft).
- Rented since September 2021 on 4 Ejari contracts, from AED 40,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 6,200 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 1 July 2025.
Questions about 2003, Elite Business Bay Residence
What did unit 2003 last sell for?
AED 960,000 on 4 March 2024: AED 2,001 per sqft for 480 sqft. The unit has 2 registered sales; the first was AED 600,000 in November 2020.
What is the rent for unit 2003?
AED 60,000 a year on the contract signed on 1 July 2025. The previous contract, from December 2023, was AED 60,000; the unit has been rented since September 2021.
How big is unit 2003?
480 sqft (44.6 sqm): a studio on the 20th floor of a 23-storey tower completed in 2021.
What is unit 2003 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 2003, Elite Business Bay Residence
Starts from the last sale price (AED 960K, 4 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 960,000
- Deposit, UAE resident (20%)
- AED 192,000
- Deposit, non-resident (40%)
- AED 384,000
- Monthly over 25 years at 3.7%
- AED 3,928
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →