421, Elite Business Bay Residence
Sold prices and rental history: sold once, by the developer in May 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 421, Elite Business Bay Residence
What is 421 worth today?
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Source: Dubai Land Department. Updated 10 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 475 sqft
- Floor
- 4th of 23
- Parking
- B3-79
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,100 /yr
- Last sold
- AED 615K · May 2022
- Building
- Elite Business Bay Residence
About 421, Elite Business Bay Residence
421 is a studio of 475 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 16 May 2022 for AED 614,760, or AED 1,293 per sqft, 12% above the AED 1,159 studios in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, renewed on 10 July 2026, is AED 50,000 a year: a gross yield of 8.1% on the 2022 price, before the service charge of about AED 6,100 a year.
Sales and rents for 421 over time
421 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 421 sits
All 317 studios →421 last sold in May 2022 at AED 1,293 per sqft, 12% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,159). 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. 421'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 61K /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 | |
| 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 | |
| 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 |
421, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 16 May 2022 for AED 614,760, or AED 1,293 per sqft.
- Rented since May 2023 on 5 Ejari contracts, from AED 52,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2022 price is 8.1%, before a service charge of about AED 6,100 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 July 2026.
Questions about 421, Elite Business Bay Residence
What did unit 421 last sell for?
AED 614,760 on 16 May 2022, sold by the developer: AED 1,293 per sqft for 475 sqft. It is the only registered sale of the unit.
What is the rent for unit 421?
AED 50,000 a year on the contract renewed on 10 July 2026. The previous contract, from July 2025, was AED 57,000; the unit has been rented since May 2023.
How big is unit 421?
475 sqft (44.1 sqm): a studio on the 4th floor of a 23-storey tower completed in 2021.
What is unit 421 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 421, Elite Business Bay Residence
Starts from the last sale price (AED 615K, 16 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 614,760
- Deposit, UAE resident (20%)
- AED 122,952
- Deposit, non-resident (40%)
- AED 245,904
- Monthly over 25 years at 3.7%
- AED 2,515
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →