2304, 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 2304, Elite Business Bay Residence
What is 2304 worth today?
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Source: Dubai Land Department. Updated 29 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 506 sqft
- Floor
- 23rd of 23
- Parking
- P3-97
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,500 /yr
- Last sold
- AED 540K · June 2021
- Building
- Elite Business Bay Residence
About 2304, Elite Business Bay Residence
2304 is a studio of 506 sqft on the 23rd 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 9 June 2021 for AED 540,000, or AED 1,067 per sqft, 10% below the AED 1,181 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 29 September 2026, is AED 50,000 a year: a gross yield of 9.3% on the 2021 price, before the service charge of about AED 6,500 a year.
Sales and rents for 2304 over time
2304 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 2304 sits
All 317 studios →2304 last sold in June 2021 at AED 1,067 per sqft, 10% below what studios in Elite Business Bay Residence were fetching at the time (AED 1,181). 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. 2304's AED 50,000 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 23rd floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | Studio | 494 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | 50,000 /yr | |
| 2302 | Studio | 480 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | 62,000 /yr | |
| 2303 | Studio | 480 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | 48,000 /yr | |
| 2305 | Studio | 503 sqft | AED 540KAED 540,000 · Jun 2021June 2021 | 54,000 /yr | |
| 2306 | Studio | 498 sqft | AED 650KAED 650,000 · Jun 2021June 2021 | 53,000 /yr | |
| 2307 | 2-bed | 1,343 sqft | AED 1.45MAED 1,450,000 · Jan 2021January 2021 | 110,000 /yr | |
| 2308 | Studio | 401 sqft | AED 590KAED 590,000 · Jun 2021June 2021 | 45,000 /yr | |
| 2309 | 2-bed | 1,309 sqft | AED 2.1MAED 2,100,000 · Apr 2024April 2024 | 120,000 /yr | |
| 2310 | 1-bed | 811 sqft | AED 1.3MAED 1,300,000 · Nov 2025November 2025 | 85,000 /yr | |
| 2311 | 1-bed | 853 sqft | AED 1.2MAED 1,200,000 · Mar 2026March 2026 | 84,000 /yr | |
| 2312 | 1-bed | 934 sqft | AED 995KAED 995,000 · Jan 2023January 2023 | 75,000 /yr | |
| 2313 | 1-bed | 933 sqft | AED 1MAED 1,000,000 · Apr 2023April 2023 | 105,000 /yr | |
| 2314 | 1-bed | 907 sqft | AED 1MAED 1,000,000 · Jan 2023January 2023 | 73,000 /yr | |
| 2315 | Studio | 609 sqft | AED 650KAED 650,000 · Jun 2021June 2021 | 75,000 /yr | |
| 2316 | 4-bed | 2,168 sqft | AED 2.93MAED 2,925,000 · Jul 2024July 2024 | 160,000 /yr | |
| 2317 | Studio | 492 sqft | AED 885KAED 885,000 · Aug 2024August 2024 | 55,000 /yr | |
| 2318 | 4-bed | 2,189 sqft | AED 2.6MAED 2,600,000 · Jan 2024January 2024 | 220,000 /yr | |
| 2319 | Studio | 508 sqft | AED 590KAED 590,000 · Jun 2021June 2021 | 54,600 /yr | |
| 2320 | Studio | 503 sqft | AED 540KAED 540,000 · Jun 2021June 2021 | 50,000 /yr | |
| 2321 | Studio | 475 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | 65,000 /yr | |
| 2322 | Studio | 478 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | 55,000 /yr | |
| 2323 | Studio | 495 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | 55,000 /yr |
2304, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 9 June 2021 for AED 540,000, or AED 1,067 per sqft.
- Rented since August 2021 on 6 Ejari contracts, from AED 37,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2021 price is 9.3%, 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 29 September 2026.
Questions about 2304, Elite Business Bay Residence
What did unit 2304 last sell for?
AED 540,000 on 9 June 2021, sold by the developer: AED 1,067 per sqft for 506 sqft. It is the only registered sale of the unit.
What is the rent for unit 2304?
AED 50,000 a year on the contract signed on 29 September 2026. The previous contract, from September 2025, was AED 58,000; the unit has been rented since August 2021.
How big is unit 2304?
506 sqft (47.0 sqm): a studio on the 23rd floor of a 23-storey tower completed in 2021.
What is unit 2304 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 2304, Elite Business Bay Residence
Starts from the last sale price (AED 540K, 9 June 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 →