Home
Dubai prices
About
Research
Studio · 503 sqftElite Business Bay Residence, Business Bay · 2nd floor · completed 2021

220, Elite Business Bay Residence

Sold prices and rental history: sold once, by the developer in March 2021, and rented once, from February 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 220 · DLD and Ejari recordsUpdated 12 February 2026
Last soldAED 540K21 March 2021
Current rentAED 65K /yr12 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 220

Property timeline for 220, Elite Business Bay Residence

What is 220 worth today?

Last sold for AED 540,000 in 2021

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

12 Feb 2026RentedNew contract
AED 65,000/yr12 months · AED 128 per sqft
21 Mar 2021Sold by developerReady
AED 540,000AED 1,072 per sqft

Source: Dubai Land Department. Updated 12 February 2026.

Key facts

Type
Studio apartment
Size
503 sqft
Floor
2nd of 23
Parking
B3-43
Developer
Range 4 Developments
Completed
2021
Service charge
AED 6,500 /yr
Last sold
AED 540K · March 2021
Building
Elite Business Bay Residence

About 220, Elite Business Bay Residence

220 is a studio of 503 sqft on the 2nd 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 21 March 2021 for AED 540,000, or AED 1,072 per sqft, 11% below the AED 1,209 studios in the building were fetching at the time.

One Ejari contract is registered, from 12 February 2026. The current contract, signed on 12 February 2026, is AED 65,000 a year: a gross yield of 12.0% on the 2021 price, before the service charge of about AED 6,500 a year.

Sales and rents for 220 over time

Sales
Unit 220, 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, March 2021: AED 540,000 (AED 1,072 per sqft)

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

Rents
Unit 220, each contractTypical studio in Elite Business Bay Residence
40K60K2021202320252027Typical 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, February 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 220 sits

All 317 studios →

220 last sold in March 2021 at AED 1,072 per sqft, 11% below what studios in Elite Business Bay Residence were fetching at the time (AED 1,209). 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. 220'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 →

Other units on the 2nd floor

All 524 units in Elite Business Bay Residence
Value
201StudioAED 700K · Jul 2024
202StudioAED 780K · Oct 2025
203StudioAED 530K · Jun 2022
204StudioAED 505K · Apr 2021
205StudioAED 592K · Dec 2020
206StudioAED 650K · Oct 2022
2072-bedAED 1.25M · Mar 2021
1–7 of 22

220, Elite Business Bay Residence in numbers

  • Sold once: by Range 4 Developments on 21 March 2021 for AED 540,000, or AED 1,072 per sqft.
  • Rented since February 2026 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2021 price is 12.0%, before a service charge of about AED 6,500 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 12 February 2026.

Questions about 220, Elite Business Bay Residence

What did unit 220 last sell for?

AED 540,000 on 21 March 2021, sold by the developer: AED 1,072 per sqft for 503 sqft. It is the only registered sale of the unit.

What is the rent for unit 220?

AED 65,000 a year on the contract signed on 12 February 2026.

How big is unit 220?

503 sqft (46.7 sqm): a studio on the 2nd floor of a 23-storey tower completed in 2021.

What is unit 220 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.

Selling 220? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 220, Elite Business Bay Residence

Starts from the last sale price (AED 540K, 21 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 540,000
Deposit, UAE resident (20%)
AED 108,000
Deposit, non-resident (40%)
AED 216,000
Monthly over 25 years at 3.7%
AED 2,209

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