603, Elite Business Bay Residence
Sold prices and rental history: sold once, by the developer in March 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 603, Elite Business Bay Residence
What is 603 worth today?
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Source: Dubai Land Department. Updated 3 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 480 sqft
- Floor
- 6th of 23
- Parking
- B2-25
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,200 /yr
- Last sold
- AED 537K · March 2021
- Building
- Elite Business Bay Residence
About 603, Elite Business Bay Residence
603 is a studio of 480 sqft on the 6th 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 29 March 2021 for AED 537,000, or AED 1,119 per sqft, 7% below the AED 1,208 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 3 August 2026, is AED 57,000 a year: a gross yield of 10.6% on the 2021 price, before the service charge of about AED 6,200 a year.
Sales and rents for 603 over time
603 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 603 sits
All 317 studios →603 last sold in March 2021 at AED 1,119 per sqft, 7% below what studios in Elite Business Bay Residence were fetching at the time (AED 1,208). 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. 603's AED 57,000 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 6th floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | Studio | 494 sqft | AED 820KAED 820,000 · Jun 2025June 2025 | 40,000 /yr | |
| 602 | Studio | 480 sqft | AED 660KAED 660,000 · Feb 2023February 2023 | 60,000 /yr | |
| 604 | Studio | 493 sqft | AED 650KAED 650,000 · May 2018May 2018 | 37,000 /yr | |
| 605 | Studio | 501 sqft | AED 780KAED 780,000 · Jan 2026January 2026 | 43,000 /yr | |
| 606 | Studio | 501 sqft | AED 770KAED 770,000 · Jul 2025July 2025 | 52,000 /yr | |
| 607 | 2-bed | 1,343 sqft | AED 1.71MAED 1,710,244 · Dec 2023December 2023 | ||
| 608 | Studio | 401 sqft | AED 780KAED 780,000 · Nov 2024November 2024 | 53,000 /yr | |
| 609 | 2-bed | 1,309 sqft | AED 1.66MAED 1,660,962 · Dec 2023December 2023 | ||
| 610 | 1-bed | 815 sqft | AED 1.15MAED 1,150,000 · Oct 2023October 2023 | 80,000 /yr | |
| 611 | 1-bed | 853 sqft | AED 830KAED 830,000 · Apr 2021April 2021 | 70,000 /yr | |
| 612 | 1-bed | 934 sqft | AED 1.23MAED 1,228,444 · Dec 2023December 2023 | ||
| 613 | 1-bed | 933 sqft | AED 927KAED 926,789 · Mar 2024March 2024 | 80,000 /yr | |
| 614 | 1-bed | 907 sqft | AED 1.15MAED 1,150,000 · Mar 2023March 2023 | 80,000 /yr | |
| 615 | Studio | 605 sqft | AED 605KAED 605,000 · Jul 2022July 2022 | 50,000 /yr | |
| 616 | 4-bed | 2,172 sqft | AED 2.46MAED 2,461,540 · Jun 2021June 2021 | ||
| 617 | Studio | 492 sqft | AED 850KAED 850,000 · Oct 2025October 2025 | 70,000 /yr | |
| 618 | 4-bed | 2,191 sqft | AED 2.54MAED 2,538,460 · Jun 2021June 2021 | 180,000 /yr | |
| 619 | Studio | 506 sqft | AED 655KAED 655,000 · Mar 2021March 2021 | 48,000 /yr | |
| 620 | Studio | 503 sqft | AED 650KAED 650,000 · Sep 2020September 2020 | 50,000 /yr | |
| 621 | Studio | 475 sqft | AED 500KAED 500,000 · Mar 2021March 2021 | 50,000 /yr | |
| 622 | Studio | 478 sqft | AED 605KAED 605,000 · Nov 2020November 2020 | 57,000 /yr | |
| 623 | Studio | 495 sqft | AED 700KAED 700,000 · Jan 2023January 2023 | 63,000 /yr |
603, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 29 March 2021 for AED 537,000, or AED 1,119 per sqft.
- Rented since April 2022 on 5 Ejari contracts, from AED 43,000 to AED 57,000 a year.
- At AED 57,000 a year the gross yield on the 2021 price is 10.6%, before a service charge of about AED 6,200 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 3 August 2026.
Questions about 603, Elite Business Bay Residence
What did unit 603 last sell for?
AED 537,000 on 29 March 2021, sold by the developer: AED 1,119 per sqft for 480 sqft. It is the only registered sale of the unit.
What is the rent for unit 603?
AED 57,000 a year on the contract renewed on 3 August 2026. The previous contract, from August 2025, was AED 57,000; the unit has been rented since April 2022.
How big is unit 603?
480 sqft (44.6 sqm): a studio on the 6th floor of a 23-storey tower completed in 2021.
What is unit 603 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 603, Elite Business Bay Residence
Starts from the last sale price (AED 537K, 29 March 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 537,000
- Deposit, UAE resident (20%)
- AED 107,400
- Deposit, non-resident (40%)
- AED 214,800
- Monthly over 25 years at 3.7%
- AED 2,197
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →