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1-bed · 934 sqftElite Business Bay Residence, Business Bay · 20th floor · completed 2021

2012, Elite Business Bay Residence

Sold prices and rental history: sold twice, last in April 2024, and rented once, from February 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2012 · DLD and Ejari recordsUpdated 18 April 2024
Last soldAED 1.2M18 April 2024
Current rentAED 60K /yr20 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2012, Elite Business Bay Residence

What is 2012 worth today?

Last sold for AED 1,200,000 in 2024

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18 Apr 2024SoldReady
AED 1,200,000AED 1,284 per sqft
20 Feb 2021RentedNew contract
AED 60,000/yr12 months · AED 64 per sqft
26 Jan 2021Sold by developerReady
AED 775,000AED 829 per sqft

Source: Dubai Land Department. Updated 18 April 2024.

Key facts

Type
1-bed apartment
Size
934 sqft
Floor
20th of 23
Parking
P2-117
Developer
Range 4 Developments
Completed
2021
Service charge
AED 12,000 /yr
Last sold
AED 1.2M · April 2024
Building
Elite Business Bay Residence

About 2012, Elite Business Bay Residence

2012 is a one-bedroom apartment of 934 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 18 April 2024 for AED 1,200,000, or AED 1,284 per sqft, in line with the AED 1,316 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 February 2021. The current contract, signed on 20 February 2021, is AED 60,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 12,000 a year.

Sales and rents for 2012 over time

Sales
Unit 2012, each saleTypical one-bed in Elite Business Bay Residence
750K1M1.25M2017202020232026Typical sale price by year: 2017 AED 937,615; 2019 AED 1,152,574; 2020 AED 882,000; 2021 AED 787,500; 2022 AED 890,000; 2023 AED 1,150,000; 2024 AED 1,160,000; 2025 AED 1,156,000; 2026 AED 1,230,000Sold by developer, January 2021: AED 775,000 (AED 829 per sqft)Sold, April 2024: AED 1,200,000 (AED 1,284 per sqft)

2012 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2012, each contractTypical one-bed in Elite Business Bay Residence
60K70K80K2021202320252027Typical rent by year: 2021 AED 60,000; 2022 AED 67,000; 2023 AED 75,000; 2024 AED 82,000; 2025 AED 82,000; 2026 AED 78,000New contract, February 2021: AED 60,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Business Bay Residence, and where 2012 sits

All 115 1-beds →

2012 last sold in April 2024 at AED 1,284 per sqft, in line with what one-beds in Elite Business Bay Residence were fetching at the time (AED 1,316). Over the last 12 months one-beds sold for AED 1,062,878 to 1,850,000, around AED 1,391 per sqft, and rent for AED 41,000 to 115,000 a year. 2012's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
15 May 20261,260,000
7 Apr 20261,125,000
31 Mar 20261,200,000
3 Feb 20261,850,000
9 1-bed sales in the last 12 months

Elite Business Bay Residence

Building

524 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%
Elite Business Bay Residence, Business Bay: prices, sales and rents →

Other units on the 20th floor

All 524 units in Elite Business Bay Residence
Value
2001StudioAED 520K · Feb 2021
2002StudioAED 575K · Feb 2021
2003StudioAED 960K · Mar 2024
2004StudioAED 580K · Aug 2021
2005StudioAED 730K · Nov 2023
2006StudioAED 760K · Sep 2026
20072-bedAED 1.8M · Sep 2025
1–7 of 22

2012, Elite Business Bay Residence in numbers

  • Sold twice: first on 26 January 2021 for AED 775,000, last on 18 April 2024 for AED 1,200,000 (AED 1,284 per sqft).
  • Rented since February 2021 on one Ejari contract, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 12,000 a year (AED 12.83 per sqft).
  • One-beds in Elite Business Bay Residence sold for AED 1,062,878–1,850,000 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 18 April 2024.

Questions about 2012, Elite Business Bay Residence

What did unit 2012 last sell for?

AED 1,200,000 on 18 April 2024: AED 1,284 per sqft for 934 sqft. The unit has 2 registered sales; the first was AED 775,000 in January 2021.

What is the rent for unit 2012?

AED 60,000 a year on the contract signed on 20 February 2021.

How big is unit 2012?

934 sqft (86.8 sqm): a one-bedroom apartment on the 20th floor of a 23-storey tower completed in 2021.

What is unit 2012 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Business Bay Residence sold for AED 1,062,878 to 1,850,000 in the last 12 months, around AED 1,391 per sqft.

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Mortgage on 2012, Elite Business Bay Residence

Starts from the last sale price (AED 1.2M, 18 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →