Studio · 503 sqftElite Business Bay Residence, Business Bay · 3rd floor · completed 2021

320, Elite Business Bay Residence

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in December 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 320 · DLD and Ejari recordsUpdated 10 October 2026

Last soldAED 510K14 December 2020

Current rentAED 48K /yr10 October 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 320, Elite Business Bay Residence

Today

What is 320 worth today?

Last sold for AED 510,000 in 2020

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10 Oct 2026

10 Oct 2026RentedNew contract

AED 48,000/yr12 months · AED 95 per sqft

11 Sep 2025

11 Sep 2025RentedNew contract

AED 60,000/yr12 months · AED 119 per sqft

2 Sep 2024

2 Sep 2024RentedRenewal

AED 51,931/yr11 months · AED 103 per sqft

2 Sep 2023

2 Sep 2023RentedNew contract

AED 52,000/yr12 months · AED 103 per sqft

10 Aug 2022

10 Aug 2022RentedNew contract

AED 47,000/yr12 months · AED 93 per sqft

5 Jul 2021

5 Jul 2021RentedNew contract

AED 38,000/yr12 months · AED 75 per sqft

2 Feb 2021

2 Feb 2021RentedNew contract

AED 40,000/yr12 months · AED 79 per sqft

14 Dec 2020

14 Dec 2020Sold by developerReady

AED 510,000AED 1,013 per sqft

Source: Dubai Land Department. Updated 10 October 2026.

Key facts

Type: Studio apartment
Size: 503 sqft
Floor: 3rd of 23
Parking: B3-57
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 6,500 /yr
Last sold: AED 510K · December 2020
Building: Elite Business Bay Residence

About 320, Elite Business Bay Residence

320 is a studio of 503 sqft on the 3rd 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 December 2020 for AED 510,000, or AED 1,013 per sqft, 20% below the AED 1,264 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 10 October 2026, is AED 48,000 a year: a gross yield of 9.4% on the 2020 price, before the service charge of about AED 6,500 a year.

Sales and rents for 320 over time

Sales

Unit 320, each saleTypical studio in Elite Business Bay Residence

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

Rents

Unit 320, each contractTypical studio in Elite Business Bay Residence

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 320 sits

All 317 studios →

Studios in Elite Business Bay Residence · last 12 months1,411 /sqft Elite Business Bay Residence · all types1,388 /sqft

320 last sold in December 2020 at AED 1,013 per sqft, 20% below what studios in Elite Business Bay Residence were fetching at the time (AED 1,264). 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. 320's AED 48,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
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

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 3rd floor

All 524 units in Elite Business Bay Residence


301	Studio	494 sqft	AED 750KAED 750,000 · Jul 2024July 2024	52,281 /yr
302	Studio	480 sqft	AED 725KAED 725,000 · May 2026May 2026
303	Studio	480 sqft	AED 500KAED 500,000 · Apr 2021April 2021	48,000 /yr
304	Studio	506 sqft	AED 595KAED 594,900 · Dec 2020December 2020	60,900 /yr
305	Studio	501 sqft	AED 595KAED 594,900 · Dec 2020December 2020	50,000 /yr
306	Studio	501 sqft	AED 605KAED 605,000 · Nov 2022November 2022	58,000 /yr
307	2-bed	1,343 sqft	AED 1.71MAED 1,714,361 · Dec 2023December 2023
308	Studio	401 sqft	AED 660KAED 660,000 · Nov 2023November 2023	60,000 /yr
309	2-bed	1,309 sqft	AED 1.2MAED 1,200,000 · Mar 2021March 2021
310	1-bed	815 sqft	AED 1.13MAED 1,130,000 · May 2025May 2025	84,000 /yr
311	1-bed	853 sqft	AED 850KAED 850,000 · Oct 2022October 2022	71,574 /yr
312	1-bed	934 sqft	AED 977KAED 977,000 · Jun 2021June 2021	80,000 /yr
313	1-bed	933 sqft	AED 1.23MAED 1,227,389 · Dec 2023December 2023
314	1-bed	907 sqft	AED 850KAED 850,000 · May 2021May 2021	80,000 /yr
315	Studio	605 sqft	AED 605KAED 605,000 · Nov 2022November 2022	53,000 /yr
316	4-bed	2,172 sqft	AED 2.77MAED 2,770,836 · Dec 2023December 2023
317	Studio	492 sqft	AED 540KAED 540,000 · Jun 2021June 2021	62,000 /yr
318	4-bed	2,191 sqft	AED 2.79MAED 2,791,763 · Dec 2023December 2023	140,000 /yr
319	Studio	506 sqft	AED 605KAED 605,000 · Nov 2022November 2022	57,000 /yr
321	Studio	475 sqft	AED 650KAED 650,000 · Mar 2023March 2023	52,000 /yr
322	Studio	478 sqft	AED 605KAED 605,000 · Jul 2022July 2022	60,000 /yr
323	Studio	495 sqft	AED 605KAED 605,000 · Nov 2022November 2022	55,000 /yr

1–7 of 22

320, Elite Business Bay Residence in numbers

Sold once: by Range 4 Developments on 14 December 2020 for AED 510,000, or AED 1,013 per sqft.
Rented since February 2021 on 7 Ejari contracts, from AED 40,000 to AED 48,000 a year.
At AED 48,000 a year the gross yield on the 2020 price is 9.4%, 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 10 October 2026.

Questions about 320, Elite Business Bay Residence

What did unit 320 last sell for?

AED 510,000 on 14 December 2020, sold by the developer: AED 1,013 per sqft for 503 sqft. It is the only registered sale of the unit.

What is the rent for unit 320?

AED 48,000 a year on the contract signed on 10 October 2026. The previous contract, from September 2025, was AED 60,000; the unit has been rented since February 2021.

How big is unit 320?

503 sqft (46.7 sqm): a studio on the 3rd floor of a 23-storey tower completed in 2021.

What is unit 320 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 320, Elite Business Bay Residence

Starts from the last sale price (AED 510K, 14 December 2020). Switch to today's estimate once you have unlocked it.

Price: AED 510,000
Deposit, UAE resident (20%): AED 102,000
Deposit, non-resident (40%): AED 204,000
Monthly over 25 years at 3.7%: AED 2,087

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