2121, Elite Business Bay Residence
Sold prices and rental history: sold once, by the developer in June 2021, 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 2121, Elite Business Bay Residence
What is 2121 worth today?
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Source: Dubai Land Department. Updated 25 July 2024.
Key facts
- Type
- Studio apartment
- Size
- 475 sqft
- Floor
- 21st of 23
- Parking
- P3-52
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,100 /yr
- Last sold
- AED 580K · June 2021
- Building
- Elite Business Bay Residence
About 2121, Elite Business Bay Residence
2121 is a studio of 475 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 8 June 2021 for AED 580,000, or AED 1,220 per sqft, 3% above the AED 1,182 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 25 July 2024, is AED 60,000 a year: a gross yield of 10.3% on the 2021 price, before the service charge of about AED 6,100 a year.
Sales and rents for 2121 over time
2121 has sold once; 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 2121 sits
All 317 studios →2121 last sold in June 2021 at AED 1,220 per sqft, 3% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,182). 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. 2121'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 60K /yr
- Typical yield
- 7.5%
Other units on the 21st floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2101 | Studio | 494 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | 50,000 /yr | |
| 2102 | Studio | 480 sqft | AED 570KAED 570,000 · Jun 2021June 2021 | 48,000 /yr | |
| 2103 | Studio | 480 sqft | AED 785KAED 785,000 · Jan 2024January 2024 | ||
| 2104 | Studio | 506 sqft | AED 600KAED 600,000 · May 2021May 2021 | 60,000 /yr | |
| 2105 | Studio | 503 sqft | AED 590KAED 590,000 · May 2021May 2021 | 60,000 /yr | |
| 2106 | Studio | 498 sqft | AED 830KAED 830,000 · Jan 2025January 2025 | 50,000 /yr | |
| 2107 | 2-bed | 1,343 sqft | AED 1.7MAED 1,700,000 · May 2023May 2023 | 110,000 /yr | |
| 2108 | Studio | 401 sqft | AED 800KAED 800,000 · Mar 2026March 2026 | 40,000 /yr | |
| 2109 | 2-bed | 1,309 sqft | AED 1.2MAED 1,200,000 · Feb 2021February 2021 | 95,000 /yr | |
| 2110 | 1-bed | 812 sqft | AED 900KAED 900,000 · Mar 2021March 2021 | 86,000 /yr | |
| 2111 | 1-bed | 853 sqft | AED 1.08MAED 1,080,000 · Oct 2024October 2024 | 65,000 /yr | |
| 2112 | 1-bed | 934 sqft | AED 925KAED 925,000 · Mar 2021March 2021 | 67,000 /yr | |
| 2113 | 1-bed | 933 sqft | AED 1.19MAED 1,190,000 · Jun 2023June 2023 | 80,000 /yr | |
| 2114 | 1-bed | 907 sqft | AED 970KAED 970,000 · Feb 2021February 2021 | ||
| 2115 | Studio | 609 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | ||
| 2116 | 4-bed | 1,084 sqft | AED 1.4MAED 1,400,000 · Nov 2023November 2023 | 180,000 /yr | |
| 2117 | Studio | 492 sqft | AED 665KAED 665,000 · Oct 2021October 2021 | 65,000 /yr | |
| 2118 | 4-bed | 2,189 sqft | AED 2.1MAED 2,100,000 · Jun 2021June 2021 | 166,410 /yr | |
| 2119 | Studio | 508 sqft | AED 580KAED 580,000 · Jun 2021June 2021 | 65,000 /yr | |
| 2120 | Studio | 503 sqft | AED 800KAED 800,000 · Feb 2026February 2026 | 61,000 /yr | |
| 2122 | Studio | 478 sqft | AED 565KAED 565,000 · Jun 2021June 2021 | 68,000 /yr | |
| 2123 | Studio | 495 sqft | AED 630KAED 630,000 · Feb 2021February 2021 |
2121, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 8 June 2021 for AED 580,000, or AED 1,220 per sqft.
- Rented since July 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 2021 price is 10.3%, before a service charge of about AED 6,100 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 25 July 2024.
Questions about 2121, Elite Business Bay Residence
What did unit 2121 last sell for?
AED 580,000 on 8 June 2021, sold by the developer: AED 1,220 per sqft for 475 sqft. It is the only registered sale of the unit.
What is the rent for unit 2121?
AED 60,000 a year on the contract renewed on 25 July 2024. The previous contract, from July 2023, was AED 52,000; the unit has been rented since July 2021.
How big is unit 2121?
475 sqft (44.1 sqm): a studio on the 21st floor of a 23-storey tower completed in 2021.
What is unit 2121 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 2121, Elite Business Bay Residence
Starts from the last sale price (AED 580K, 8 June 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 580,000
- Deposit, UAE resident (20%)
- AED 116,000
- Deposit, non-resident (40%)
- AED 232,000
- Monthly over 25 years at 3.7%
- AED 2,373
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →