Studio · 492 sqftElite Business Bay Residence, Business Bay · 21st floor · completed 2021

2117, Elite Business Bay Residence

Sold prices and rental history: sold once, by the developer in October 2021, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2117 · DLD and Ejari recordsUpdated 15 August 2026
Last soldAED 665K3 October 2021
Current rentAED 65K /yr15 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2117, Elite Business Bay Residence

What is 2117 worth today?

Last sold for AED 665,000 in 2021

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15 Aug 2026RentedNew contract
AED 65,000/yr13 months · AED 131 per sqft
20 Dec 2025RentedRenewal
AED 65,000/yr12 months · AED 131 per sqft
20 Dec 2024RentedNew contract
AED 79,250/yr12 months · AED 160 per sqft
25 May 2024RentedNew contract
AED 61,165/yr7 months · AED 126 per sqft
3 Oct 2021Sold by developerReady
AED 665,000AED 1,351 per sqft

Source: Dubai Land Department. Updated 15 August 2026.

Key facts

Type
Studio apartment
Size
492 sqft
Floor
21st of 23
Parking
P3-49
Developer
Range 4 Developments
Completed
2021
Service charge
AED 6,300 /yr
Last sold
AED 665K · October 2021

About 2117, Elite Business Bay Residence

2117 is a studio of 492 sqft on the 21st floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. The developer sold it on 3 October 2021 for AED 665,000, or AED 1,351 per sqft, 16% above the AED 1,163 studios in the building were fetching at the time.

It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, signed on 15 August 2026, is AED 65,000 a year: a gross yield of 9.8% on the 2021 price, before the service charge of about AED 6,300 a year.

Sales and rents for 2117 over time

Sales
Unit 2117, each saleTypical studio in Elite Business Bay Residence
600K800K2017202020232026Typical sale price by year: 2017 AED 618,000; 2018 AED 645,000; 2019 AED 845,132; 2020 AED 605,000; 2021 AED 560,000; 2022 AED 605,000; 2023 AED 660,000; 2024 AED 790,000; 2025 AED 600,630; 2026 AED 783,750Sold by developer, October 2021: AED 665,000 (AED 1,351 per sqft)

2117 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2117, each contractTypical studio in Elite Business Bay Residence
40K60K80K2021202320252027Typical rent by year: 2021 AED 38,000; 2022 AED 43,900; 2023 AED 52,000; 2024 AED 58,000; 2025 AED 60,000; 2026 AED 54,000New contract, May 2024: AED 61,165 a yearNew contract, December 2024: AED 79,250 a yearRenewal, December 2025: AED 65,000 a yearNew contract, August 2026: AED 65,000 a year

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 2117 sits

All 317 studios →

2117 last sold in October 2021 at AED 1,351 per sqft, 16% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,163). 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. 2117's AED 65,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026700,000
3 Nov 2026700,000
22 Sep 2026760,000
2 Sep 2026750,000
30 studio 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 →
Value
2101StudioAED 550K · Jun 2021
2102StudioAED 570K · Jun 2021
2103StudioAED 785K · Jan 2024
2104StudioAED 600K · May 2021
2105StudioAED 590K · May 2021
2106StudioAED 830K · Jan 2025
21072-bedAED 1.7M · May 2023
1–7 of 22

2117, Elite Business Bay Residence in numbers

  • Sold once: by Range 4 Developments on 3 October 2021 for AED 665,000, or AED 1,351 per sqft.
  • Rented since May 2024 on 4 Ejari contracts, from AED 61,165 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2021 price is 9.8%, before a service charge of about AED 6,300 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 15 August 2026.

Questions about 2117, Elite Business Bay Residence

What did unit 2117 last sell for?

AED 665,000 on 3 October 2021, sold by the developer: AED 1,351 per sqft for 492 sqft. It is the only registered sale of the unit.

What is the rent for unit 2117?

AED 65,000 a year on the contract signed on 15 August 2026. The previous contract, from December 2025, was AED 65,000; the unit has been rented since May 2024.

How big is unit 2117?

492 sqft (45.7 sqm): a studio on the 21st floor of a 23-storey tower completed in 2021.

What is unit 2117 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 2117, Elite Business Bay Residence

Starts from the last sale price (AED 665K, 3 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 665,000
Deposit, UAE resident (20%)
AED 133,000
Deposit, non-resident (40%)
AED 266,000
Monthly over 25 years at 3.7%
AED 2,721

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