407, Elite Business Bay Residence
Sold prices and rental history: sold 3 times, last in December 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Elite Business Bay Residence
What is 407 worth today?
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Source: Dubai Land Department. Updated 11 December 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,343 sqft
- Floor
- 4th of 23
- Parking
- B2-81, B2-87
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 17,200 /yr
- Last sold
- AED 1.71M · December 2023
- Building
- Elite Business Bay Residence
About 407, Elite Business Bay Residence
407 is a two-bedroom apartment of 1,343 sqft on the 4th floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 11 December 2023 for AED 1,713,327, or AED 1,275 per sqft, in line with the AED 1,272 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 407 over time
407 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Elite Business Bay Residence, and where 407 sits
All 46 2-beds →407 last sold in December 2023 at AED 1,275 per sqft, in line with what two-beds in Elite Business Bay Residence were fetching at the time (AED 1,272). Over the last 12 months two-beds sold for AED 1,539,000 to 2,250,000, around AED 1,451 per sqft, and rent for AED 84,765 to 170,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Sep 202622 September 2026 | 1,309 sqft | 1,539,000 | 1,175 | ||
| 18 Feb 202618 February 2026 | 1,309 sqft | 2,250,000 | 1,718 | ||
| 14 Nov 202514 November 2025 | 1,309 sqft | 1,900,000 | 1,451 | ||
| 11 Sep 202511 September 2025 | 1,343 sqft | 1,800,000 | 1,340 |
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 | |
| 406 | Studio | 501 sqft | AED 605KAED 605,000 · Jul 2022July 2022 | 59,000 /yr | |
| 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 |
407, Elite Business Bay Residence in numbers
- Sold 3 times: first on 14 February 2021 for AED 832,273, last on 11 December 2023 for AED 1,713,327 (AED 1,275 per sqft).
- Two-beds in Elite Business Bay Residence sold for AED 1,539,000–2,250,000 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 11 December 2023.
Questions about 407, Elite Business Bay Residence
What did unit 407 last sell for?
AED 1,713,327 on 11 December 2023: AED 1,275 per sqft for 1,343 sqft. The unit has 3 registered sales; the first was AED 832,273 in February 2021.
How big is unit 407?
1,343 sqft (124.8 sqm): a two-bedroom apartment on the 4th floor of a 23-storey tower completed in 2021.
What is unit 407 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elite Business Bay Residence sold for AED 1,539,000 to 2,250,000 in the last 12 months, around AED 1,451 per sqft.
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Mortgage on 407, Elite Business Bay Residence
Starts from the last sale price (AED 1.71M, 11 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,713,327
- Deposit, UAE resident (20%)
- AED 342,665
- Deposit, non-resident (40%)
- AED 685,331
- Monthly over 25 years at 3.7%
- AED 7,010
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →