2203, Elite Business Bay Residence
Sold prices and rental history: sold once, by the developer in July 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 2203, Elite Business Bay Residence
What is 2203 worth today?
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Source: Dubai Land Department. Updated 5 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 480 sqft
- Floor
- 22nd of 23
- Parking
- P3-57
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,200 /yr
- Last sold
- AED 590K · July 2021
- Building
- Elite Business Bay Residence
About 2203, Elite Business Bay Residence
2203 is a studio of 480 sqft on the 22nd 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 14 July 2021 for AED 590,000, or AED 1,229 per sqft, 5% above the AED 1,172 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 5 July 2026, is AED 55,000 a year: a gross yield of 9.3% on the 2021 price, before the service charge of about AED 6,200 a year.
Sales and rents for 2203 over time
2203 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 2203 sits
All 317 studios →2203 last sold in July 2021 at AED 1,229 per sqft, 5% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,172). 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. 2203's AED 55,000 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 22nd floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2201 | Studio | 494 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | 60,000 /yr | |
| 2202 | Studio | 480 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | 50,000 /yr | |
| 2204 | Studio | 506 sqft | AED 585KAED 585,000 · Jul 2021July 2021 | 60,000 /yr | |
| 2205 | Studio | 503 sqft | AED 580KAED 580,000 · Jun 2021June 2021 | 60,831 /yr | |
| 2206 | Studio | 498 sqft | AED 690KAED 690,000 · Sep 2023September 2023 | 55,000 /yr | |
| 2207 | 2-bed | 1,343 sqft | AED 750KAED 750,000 · Mar 2021March 2021 | 125,000 /yr | |
| 2208 | Studio | 401 sqft | AED 590KAED 590,000 · Jun 2021June 2021 | 60,000 /yr | |
| 2209 | 2-bed | 1,309 sqft | AED 1.23MAED 1,225,000 · Jan 2021January 2021 | 93,000 /yr | |
| 2210 | 1-bed | 811 sqft | AED 1.15MAED 1,150,000 · Aug 2025August 2025 | 77,626 /yr | |
| 2211 | 1-bed | 853 sqft | AED 1.24MAED 1,240,000 · Jul 2025July 2025 | 79,786 /yr | |
| 2212 | 1-bed | 934 sqft | AED 930KAED 930,000 · Mar 2021March 2021 | 85,000 /yr | |
| 2213 | 1-bed | 933 sqft | AED 975KAED 975,000 · Feb 2023February 2023 | 75,000 /yr | |
| 2214 | 1-bed | 907 sqft | AED 1MAED 1,000,000 · Jan 2023January 2023 | 79,000 /yr | |
| 2215 | Studio | 609 sqft | AED 600KAED 600,000 · Jun 2021June 2021 | 58,000 /yr | |
| 2216 | 4-bed | 1,084 sqft | AED 1.4MAED 1,400,000 · Nov 2023November 2023 | 180,000 /yr | |
| 2217 | Studio | 492 sqft | AED 735KAED 735,000 · Aug 2021August 2021 | 52,000 /yr | |
| 2218 | 4-bed | 2,189 sqft | AED 2.4MAED 2,400,000 · Jun 2021June 2021 | 175,000 /yr | |
| 2219 | Studio | 508 sqft | AED 650KAED 650,000 · Jun 2021June 2021 | 50,000 /yr | |
| 2220 | Studio | 503 sqft | AED 555KAED 555,000 · Jun 2021June 2021 | 55,000 /yr | |
| 2221 | Studio | 475 sqft | AED 300KAED 300,000 · Oct 2021October 2021 | 95,000 /yr | |
| 2222 | Studio | 478 sqft | AED 750KAED 750,000 · Mar 2023March 2023 | 72,000 /yr | |
| 2223 | Studio | 495 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | 62,000 /yr |
2203, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 14 July 2021 for AED 590,000, or AED 1,229 per sqft.
- Rented since October 2021 on 5 Ejari contracts, from AED 43,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2021 price is 9.3%, 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 5 July 2026.
Questions about 2203, Elite Business Bay Residence
What did unit 2203 last sell for?
AED 590,000 on 14 July 2021, sold by the developer: AED 1,229 per sqft for 480 sqft. It is the only registered sale of the unit.
What is the rent for unit 2203?
AED 55,000 a year on the contract signed on 5 July 2026. The previous contract, from June 2024, was AED 60,000; the unit has been rented since October 2021.
How big is unit 2203?
480 sqft (44.6 sqm): a studio on the 22nd floor of a 23-storey tower completed in 2021.
What is unit 2203 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 2203, Elite Business Bay Residence
Starts from the last sale price (AED 590K, 14 July 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 590,000
- Deposit, UAE resident (20%)
- AED 118,000
- Deposit, non-resident (40%)
- AED 236,000
- Monthly over 25 years at 3.7%
- AED 2,414
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →