Studio · 494 sqftElite Business Bay Residence, Business Bay · 5th floor · completed 2021

501, 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 April 2021, 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 501 · DLD and Ejari recordsUpdated 1 April 2026

Last soldAED 500K6 April 2021

Current rentAED 58K /yr1 April 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 501, Elite Business Bay Residence

Today

What is 501 worth today?

Last sold for AED 500,000 in 2021

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1 Apr 2026

1 Apr 2026RentedNew contract

AED 58,000/yr12 months · AED 117 per sqft

20 Sep 2025

20 Sep 2025RentedNew contract

AED 58,000/yr12 months · AED 117 per sqft

26 Sep 2024

26 Sep 2024RentedNew contract

AED 55,000/yr12 months · AED 111 per sqft

5 Sep 2023

5 Sep 2023RentedNew contract

AED 50,000/yr12 months · AED 101 per sqft

25 May 2022

25 May 2022RentedNew contract

AED 43,000/yr12 months · AED 87 per sqft

25 Apr 2021

25 Apr 2021RentedNew contract

AED 37,000/yr12 months · AED 75 per sqft

6 Apr 2021

6 Apr 2021Sold by developerReady

AED 500,000AED 1,012 per sqft

Source: Dubai Land Department. Updated 1 April 2026.

Key facts

Type: Studio apartment
Size: 494 sqft
Floor: 5th of 23
Parking: B3-97
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 6,300 /yr
Last sold: AED 500K · April 2021
Building: Elite Business Bay Residence

About 501, Elite Business Bay Residence

501 is a studio of 494 sqft on the 5th 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 6 April 2021 for AED 500,000, or AED 1,012 per sqft, 16% below the AED 1,200 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 1 April 2026, is AED 58,000 a year: a gross yield of 11.6% on the 2021 price, before the service charge of about AED 6,300 a year.

Sales and rents for 501 over time

Sales

Unit 501, each saleTypical studio in Elite Business Bay Residence

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

Rents

Unit 501, 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 501 sits

All 317 studios →

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

501 last sold in April 2021 at AED 1,012 per sqft, 16% below what studios in Elite Business Bay Residence were fetching at the time (AED 1,200). 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. 501's AED 58,000 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 60K /yr
Typical yield: 7.5%

Elite Business Bay Residence, Business Bay: prices, sales and rents →

Other units on the 5th floor

All 524 units in Elite Business Bay Residence


502	Studio	480 sqft	AED 500KAED 500,000 · Feb 2021February 2021	60,000 /yr
503	Studio	480 sqft	AED 500KAED 500,000 · Apr 2021April 2021	50,000 /yr
504	Studio	506 sqft	AED 600KAED 600,300 · Dec 2020December 2020	48,000 /yr
505	Studio	501 sqft	AED 600KAED 600,300 · Dec 2020December 2020	60,000 /yr
506	Studio	501 sqft	AED 605KAED 605,000 · Jul 2022July 2022	50,000 /yr
507	2-bed	1,343 sqft	AED 1.2MAED 1,200,000 · Jun 2021June 2021	120,000 /yr
508	Studio	401 sqft	AED 750KAED 750,000 · Aug 2025August 2025	55,000 /yr
509	2-bed	1,309 sqft	AED 1.67MAED 1,665,741 · Dec 2023December 2023
510	1-bed	815 sqft	AED 765KAED 765,000 · Feb 2021February 2021	77,175 /yr
511	1-bed	853 sqft	AED 1.08MAED 1,080,000 · Nov 2023November 2023	80,000 /yr
512	1-bed	934 sqft	AED 1.23MAED 1,231,383 · Dec 2023December 2023
513	1-bed	933 sqft	AED 790KAED 790,000 · Feb 2021February 2021	72,000 /yr
514	1-bed	907 sqft	AED 1.2MAED 1,201,641 · Dec 2023December 2023
515	Studio	605 sqft	AED 605KAED 605,000 · Jul 2022July 2022	50,000 /yr
516	4-bed	2,172 sqft	AED 2.46MAED 2,461,540 · Jun 2021June 2021
517	Studio	492 sqft	AED 795KAED 795,000 · Jan 2026January 2026	54,000 /yr
518	4-bed	2,191 sqft	AED 2.54MAED 2,538,460 · Jun 2021June 2021	195,000 /yr
519	Studio	506 sqft	AED 650KAED 650,000 · Mar 2020March 2020	58,000 /yr
520	Studio	503 sqft	AED 650KAED 650,000 · Mar 2020March 2020	52,000 /yr
521	Studio	475 sqft	AED 618KAED 617,580 · May 2022May 2022	71,400 /yr
522	Studio	478 sqft	AED 618KAED 617,580 · May 2022May 2022	58,000 /yr
523	Studio	495 sqft	AED 610KAED 610,000 · Nov 2022November 2022	59,000 /yr

1–7 of 22

501, Elite Business Bay Residence in numbers

Sold once: by Range 4 Developments on 6 April 2021 for AED 500,000, or AED 1,012 per sqft.
Rented since April 2021 on 6 Ejari contracts, from AED 37,000 to AED 58,000 a year.
At AED 58,000 a year the gross yield on the 2021 price is 11.6%, before a service charge of about AED 6,300 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 1 April 2026.

Questions about 501, Elite Business Bay Residence

What did unit 501 last sell for?

AED 500,000 on 6 April 2021, sold by the developer: AED 1,012 per sqft for 494 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 58,000 a year on the contract signed on 1 April 2026. The previous contract, from September 2025, was AED 58,000; the unit has been rented since April 2021.

How big is unit 501?

494 sqft (45.9 sqm): a studio on the 5th floor of a 23-storey tower completed in 2021.

What is unit 501 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 501, Elite Business Bay Residence

Starts from the last sale price (AED 500K, 6 April 2021). Switch to today's estimate once you have unlocked it.

Price: AED 500,000
Deposit, UAE resident (20%): AED 100,000
Deposit, non-resident (40%): AED 200,000
Monthly over 25 years at 3.7%: AED 2,046

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