2-bed · 1,343 sqftElite Business Bay Residence, Business Bay · 5th floor · completed 2021

507, 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 June 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Follow 507

Unit 507 · DLD and Ejari recordsUpdated 10 October 2025

Last soldAED 1.2M3 June 2021

Current rentAED 120K /yr10 October 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow 507

Property timeline for 507, Elite Business Bay Residence

Today

What is 507 worth today?

Last sold for AED 1,200,000 in 2021

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

10 Oct 2025

10 Oct 2025RentedNew contract

AED 120,000/yr12 months · AED 89 per sqft

24 Jul 2024

24 Jul 2024RentedRenewal

AED 110,000/yr12 months · AED 82 per sqft

24 Jul 2023

24 Jul 2023RentedNew contract

AED 100,000/yr12 months · AED 74 per sqft

1 May 2022

1 May 2022RentedNew contract

AED 100,000/yr12 months · AED 74 per sqft

3 Jun 2021

3 Jun 2021Sold by developerReady

AED 1,200,000AED 893 per sqft

11 Feb 2021

11 Feb 2021RentedNew contract

AED 80,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 10 October 2025.

Key facts

Type: 2-bed apartment
Size: 1,343 sqft
Floor: 5th of 23
Parking: B2-66, B2-67
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 17,200 /yr
Last sold: AED 1.2M · June 2021
Building: Elite Business Bay Residence

About 507, Elite Business Bay Residence

507 is a two-bedroom apartment of 1,343 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 3 June 2021 for AED 1,200,000, or AED 893 per sqft, 44% above the AED 619 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 10 October 2025, is AED 120,000 a year: a gross yield of 10.0% on the 2021 price, before the service charge of about AED 17,200 a year.

Sales and rents for 507 over time

Sales

Unit 507, each saleTypical two-bed in Elite Business Bay Residence

507 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 507, each contractTypical two-bed in Elite Business Bay Residence

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 507 sits

All 46 2-beds →

2-beds in Elite Business Bay Residence · last 12 months1,451 /sqft Elite Business Bay Residence · all types1,388 /sqft

507 last sold in June 2021 at AED 893 per sqft, 44% above what two-beds in Elite Business Bay Residence were fetching at the time (AED 619). 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. 507's AED 120,000 is in the lower half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

3 2-bed 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


501	Studio	494 sqft	AED 500KAED 500,000 · Apr 2021April 2021	58,000 /yr
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
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

507, Elite Business Bay Residence in numbers

Sold once: by Range 4 Developments on 3 June 2021 for AED 1,200,000, or AED 893 per sqft.
Rented since February 2021 on 5 Ejari contracts, from AED 80,000 to AED 120,000 a year.
At AED 120,000 a year the gross yield on the 2021 price is 10.0%, before a service charge of about AED 17,200 a year (AED 12.83 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 10 October 2025.

Questions about 507, Elite Business Bay Residence

What did unit 507 last sell for?

AED 1,200,000 on 3 June 2021, sold by the developer: AED 893 per sqft for 1,343 sqft. It is the only registered sale of the unit.

What is the rent for unit 507?

AED 120,000 a year on the contract signed on 10 October 2025. The previous contract, from July 2024, was AED 110,000; the unit has been rented since February 2021.

How big is unit 507?

1,343 sqft (124.8 sqm): a two-bedroom apartment on the 5th floor of a 23-storey tower completed in 2021.

What is unit 507 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.

Selling 507? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 507, Elite Business Bay Residence

Starts from the last sale price (AED 1.2M, 3 June 2021). Switch to today's estimate once you have unlocked it.

Price: AED 1,200,000
Deposit, UAE resident (20%): AED 240,000
Deposit, non-resident (40%): AED 480,000
Monthly over 25 years at 3.7%: AED 4,910

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