Studio · 605 sqftElite Business Bay Residence, Business Bay · 5th floor · completed 2021

515, 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 July 2022, 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 515 · DLD and Ejari recordsUpdated 16 July 2026

Last soldAED 605K26 July 2022

Current rentAED 50K /yr16 July 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 515, Elite Business Bay Residence

Today

What is 515 worth today?

Last sold for AED 605,000 in 2022

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16 Jul 2026

16 Jul 2026RentedNew contract

AED 50,000/yr12 months · AED 83 per sqft

14 Jun 2025

14 Jun 2025RentedNew contract

AED 57,000/yr12 months · AED 94 per sqft

14 Jun 2025

14 Jun 2025RentedNew contract

AED 57,000/yr12 months · AED 94 per sqft

5 Jun 2023

5 Jun 2023RentedNew contract

AED 50,000/yr12 months · AED 83 per sqft

26 Jul 2022

26 Jul 2022Sold by developerReady

AED 605,000AED 999 per sqft

18 Apr 2022

18 Apr 2022RentedRenewal

AED 40,000/yr12 months · AED 66 per sqft

18 Apr 2021

18 Apr 2021RentedNew contract

AED 37,000/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 16 July 2026.

Key facts

Type: Studio apartment
Size: 605 sqft
Floor: 5th of 23
Parking: B3-104
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 7,800 /yr
Last sold: AED 605K · July 2022
Building: Elite Business Bay Residence

About 515, Elite Business Bay Residence

515 is a studio of 605 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 26 July 2022 for AED 605,000, or AED 999 per sqft, 18% below the AED 1,222 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 16 July 2026, is AED 50,000 a year: a gross yield of 8.3% on the 2022 price, before the service charge of about AED 7,800 a year.

Sales and rents for 515 over time

Sales

Unit 515, each saleTypical studio in Elite Business Bay Residence

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

Rents

Unit 515, 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 515 sits

All 317 studios →

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

515 last sold in July 2022 at AED 999 per sqft, 18% below 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. 515's AED 50,000 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


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
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
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

515, Elite Business Bay Residence in numbers

Sold once: by Range 4 Developments on 26 July 2022 for AED 605,000, or AED 999 per sqft.
Rented since April 2021 on 6 Ejari contracts, from AED 37,000 to AED 50,000 a year.
At AED 50,000 a year the gross yield on the 2022 price is 8.3%, before a service charge of about AED 7,800 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 16 July 2026.

Questions about 515, Elite Business Bay Residence

What did unit 515 last sell for?

AED 605,000 on 26 July 2022, sold by the developer: AED 999 per sqft for 605 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 50,000 a year on the contract signed on 16 July 2026. The previous contract, from June 2025, was AED 57,000; the unit has been rented since April 2021.

How big is unit 515?

605 sqft (56.2 sqm): a studio on the 5th floor of a 23-storey tower completed in 2021.

What is unit 515 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 515, 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 →