1-bed · 907 sqftElite Business Bay Residence, Business Bay · 22nd floor · completed 2021

2214, Elite Business Bay Residence

Sold prices and rental history: sold 3 times, last in January 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2214 · DLD and Ejari recordsUpdated 25 April 2026
Last soldAED 1M24 January 2023
Current rentAED 79K /yr25 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2214, Elite Business Bay Residence

What is 2214 worth today?

Last sold for AED 1,000,000 in 2023

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25 Apr 2026RentedRenewal
AED 79,000/yr12 months · AED 87 per sqft
25 Apr 2025RentedNew contract
AED 79,000/yr12 months · AED 87 per sqft
25 Apr 2025RentedNew contract
AED 79,000/yr12 months · AED 87 per sqft
1 Oct 2024RentedRenewal
AED 78,000/yr6 months · AED 86 per sqft
1 Oct 2023RentedNew contract
AED 78,000/yr12 months · AED 86 per sqft
24 Jan 2023SoldReady
AED 1,000,000AED 1,102 per sqft
25 Aug 2022RentedNew contract
AED 72,500/yr12 months · AED 80 per sqft
28 Dec 2021SoldReady
AED 282,000AED 932 per sqft

Source: Dubai Land Department. Updated 25 April 2026.

Key facts

Type
1-bed apartment
Size
907 sqft
Floor
22nd of 23
Parking
P3-111
Developer
Range 4 Developments
Completed
2021
Service charge
AED 11,600 /yr
Last sold
AED 1M · January 2023

About 2214, Elite Business Bay Residence

2214 is a one-bedroom apartment of 907 sqft on the 22nd floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 24 January 2023 for AED 1,000,000, or AED 1,102 per sqft, 7% above the AED 1,030 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, renewed on 25 April 2026, is AED 79,000 a year: a gross yield of 7.9% on the 2023 price, before the service charge of about AED 11,600 a year.

Sales and rents for 2214 over time

Sales
Unit 2214, each saleTypical one-bed in Elite Business Bay Residence
500K1M2017202020232026Typical 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, March 2021: AED 854,545 (AED 942 per sqft)Sold, December 2021: AED 282,000 (AED 932 per sqft)Sold, January 2023: AED 1,000,000 (AED 1,102 per sqft)

2214 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2214, 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, August 2022: AED 72,500 a yearNew contract, October 2023: AED 78,000 a yearRenewal, October 2024: AED 78,000 a yearNew contract, April 2025: AED 79,000 a yearNew contract, April 2025: AED 79,000 a yearRenewal, April 2026: AED 79,000 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 2214 sits

All 115 1-beds →

2214 last sold in January 2023 at AED 1,102 per sqft, 7% above what one-beds in Elite Business Bay Residence were fetching at the time (AED 1,030). 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. 2214's AED 79,000 is in the upper 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 60K /yr
Typical yield
7.5%
Elite Business Bay Residence, Business Bay: prices, sales and rents →
Value
2201StudioAED 550K · Jun 2021
2202StudioAED 550K · Jun 2021
2203StudioAED 590K · Jul 2021
2204StudioAED 585K · Jul 2021
2205StudioAED 580K · Jun 2021
2206StudioAED 690K · Sep 2023
22072-bedAED 750K · Mar 2021
1–7 of 22

2214, Elite Business Bay Residence in numbers

  • Sold 3 times: first on 28 March 2021 for AED 854,545, last on 24 January 2023 for AED 1,000,000 (AED 1,102 per sqft).
  • Rented since August 2022 on 6 Ejari contracts, from AED 72,500 to AED 79,000 a year.
  • At AED 79,000 a year the gross yield on the 2023 price is 7.9%, before a service charge of about AED 11,600 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 25 April 2026.

Questions about 2214, Elite Business Bay Residence

What did unit 2214 last sell for?

AED 1,000,000 on 24 January 2023: AED 1,102 per sqft for 907 sqft. The unit has 3 registered sales; the first was AED 854,545 in March 2021.

What is the rent for unit 2214?

AED 79,000 a year on the contract renewed on 25 April 2026. The previous contract, from April 2025, was AED 79,000; the unit has been rented since August 2022.

How big is unit 2214?

907 sqft (84.3 sqm): a one-bedroom apartment on the 22nd floor of a 23-storey tower completed in 2021.

What is unit 2214 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 2214, Elite Business Bay Residence

Starts from the last sale price (AED 1M, 24 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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