406, Elite Business Bay Residence
Sold prices and rental history: sold once, by the developer in July 2022, 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 406, Elite Business Bay Residence
What is 406 worth today?
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Source: Dubai Land Department. Updated 18 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 501 sqft
- Floor
- 4th of 23
- Parking
- B3-66
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,400 /yr
- Last sold
- AED 605K · July 2022
- Building
- Elite Business Bay Residence
About 406, Elite Business Bay Residence
406 is a studio of 501 sqft on the 4th 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 26 July 2022 for AED 605,000, or AED 1,208 per sqft, in line with the AED 1,222 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 18 May 2025, is AED 59,000 a year: a gross yield of 9.8% on the 2022 price, before the service charge of about AED 6,400 a year.
Sales and rents for 406 over time
406 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 406 sits
All 317 studios →406 last sold in July 2022 at AED 1,208 per sqft, in line with what studios in Elite Business Bay Residence were fetching at the time (AED 1,222). 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. 406's AED 59,000 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 4th floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 494 sqft | AED 605KAED 605,000 · Jul 2022July 2022 | 52,000 /yr | |
| 402 | Studio | 480 sqft | AED 630KAED 630,000 · May 2023May 2023 | 60,000 /yr | |
| 403 | Studio | 480 sqft | AED 605KAED 605,000 · Jul 2022July 2022 | 52,000 /yr | |
| 404 | Studio | 506 sqft | AED 598KAED 597,600 · Dec 2020December 2020 | 65,000 /yr | |
| 405 | Studio | 501 sqft | AED 598KAED 597,600 · Jan 2021January 2021 | 50,000 /yr | |
| 407 | 2-bed | 1,343 sqft | AED 1.71MAED 1,713,327 · Dec 2023December 2023 | ||
| 408 | Studio | 401 sqft | AED 560KAED 560,000 · Jul 2021July 2021 | 55,000 /yr | |
| 409 | 2-bed | 1,309 sqft | AED 1.54MAED 1,539,000 · Sep 2026September 2026 | ||
| 410 | 1-bed | 815 sqft | AED 785KAED 785,000 · Mar 2021March 2021 | 83,000 /yr | |
| 411 | 1-bed | 427 sqft | AED 491KAED 491,000 · Nov 2023November 2023 | 90,000 /yr | |
| 412 | 1-bed | 934 sqft | AED 775KAED 775,000 · Jun 2021June 2021 | 85,000 /yr | |
| 413 | 1-bed | 933 sqft | AED 1.05MAED 1,050,000 · Jun 2023June 2023 | 75,000 /yr | |
| 414 | 1-bed | 907 sqft | AED 1.2MAED 1,203,787 · Dec 2023December 2023 | ||
| 415 | Studio | 605 sqft | AED 605KAED 605,000 · Nov 2022November 2022 | 55,000 /yr | |
| 416 | 4-bed | 2,172 sqft | AED 1.81MAED 1,811,000 · Jan 2021January 2021 | ||
| 417 | Studio | 492 sqft | AED 683KAED 683,000 · Dec 2020December 2020 | 63,000 /yr | |
| 418 | 4-bed | 2,191 sqft | AED 2.54MAED 2,538,460 · Jun 2021June 2021 | 180,000 /yr | |
| 419 | Studio | 506 sqft | AED 598KAED 597,600 · Jan 2021January 2021 | 62,000 /yr | |
| 420 | Studio | 503 sqft | AED 630KAED 630,000 · Aug 2018August 2018 | 48,000 /yr | |
| 421 | Studio | 475 sqft | AED 615KAED 614,760 · May 2022May 2022 | 50,000 /yr | |
| 422 | Studio | 478 sqft | AED 525KAED 525,000 · Mar 2021March 2021 | 50,000 /yr | |
| 423 | Studio | 495 sqft | AED 605KAED 605,000 · Nov 2022November 2022 | 55,000 /yr |
406, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 26 July 2022 for AED 605,000, or AED 1,208 per sqft.
- Rented since April 2021 on 4 Ejari contracts, from AED 37,000 to AED 59,000 a year.
- At AED 59,000 a year the gross yield on the 2022 price is 9.8%, before a service charge of about AED 6,400 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 18 May 2025.
Questions about 406, Elite Business Bay Residence
What did unit 406 last sell for?
AED 605,000 on 26 July 2022, sold by the developer: AED 1,208 per sqft for 501 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 59,000 a year on the contract renewed on 18 May 2025. The previous contract, from May 2024, was AED 57,000; the unit has been rented since April 2021.
How big is unit 406?
501 sqft (46.5 sqm): a studio on the 4th floor of a 23-storey tower completed in 2021.
What is unit 406 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 406, Elite Business Bay Residence
Starts from the last sale price (AED 605K, 26 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 605,000
- Deposit, UAE resident (20%)
- AED 121,000
- Deposit, non-resident (40%)
- AED 242,000
- Monthly over 25 years at 3.7%
- AED 2,475
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →