Studio · 506 sqftElite Business Bay Residence, Business Bay · 6th floor · completed 2021

619, Elite Business Bay Residence

Sold prices and rental history: sold once, by the developer in March 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 619 · DLD and Ejari recordsUpdated 20 September 2026
Last soldAED 655K16 March 2021
Current rentAED 48K /yr20 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 619, Elite Business Bay Residence

What is 619 worth today?

Last sold for AED 655,000 in 2021

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20 Sep 2026RentedNew contract
AED 48,000/yr12 months · AED 95 per sqft
1 Jul 2026RentedRenewal
AED 54,000/yr12 months · AED 107 per sqft
1 Jul 2025RentedNew contract
AED 57,000/yr12 months · AED 113 per sqft
1 Jul 2025RentedNew contract
AED 57,000/yr12 months · AED 113 per sqft
16 Apr 2024RentedNew contract
AED 62,000/yr12 months · AED 123 per sqft
22 Jul 2023RentedNew contract
AED 55,000/yr12 months · AED 109 per sqft
10 May 2022RentedNew contract
AED 45,000/yr12 months · AED 89 per sqft
1 May 2021RentedNew contract
AED 36,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 20 September 2026.

Key facts

Type
Studio apartment
Size
506 sqft
Floor
6th of 23
Parking
B2-48
Developer
Range 4 Developments
Completed
2021
Service charge
AED 6,500 /yr
Last sold
AED 655K · March 2021

About 619, Elite Business Bay Residence

619 is a studio of 506 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 16 March 2021 for AED 655,000, or AED 1,293 per sqft, 7% above the AED 1,210 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 8 Ejari contracts. The current contract, signed on 20 September 2026, is AED 48,000 a year: a gross yield of 7.3% on the 2021 price, before the service charge of about AED 6,500 a year.

Sales and rents for 619 over time

Sales
Unit 619, each saleTypical studio in Elite Business Bay Residence
600K800K2017202020232026Typical sale price by year: 2017 AED 618,000; 2018 AED 645,000; 2019 AED 845,132; 2020 AED 605,000; 2021 AED 560,000; 2022 AED 605,000; 2023 AED 660,000; 2024 AED 790,000; 2025 AED 600,630; 2026 AED 783,750Sold by developer, March 2021: AED 655,000 (AED 1,293 per sqft)

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

Rents
Unit 619, each contractTypical studio in Elite Business Bay Residence
40K60K2021202320252027Typical rent by year: 2021 AED 38,000; 2022 AED 43,900; 2023 AED 52,000; 2024 AED 58,000; 2025 AED 60,000; 2026 AED 54,000New contract, May 2021: AED 36,000 a yearNew contract, May 2022: AED 45,000 a yearNew contract, July 2023: AED 55,000 a yearNew contract, April 2024: AED 62,000 a yearNew contract, July 2025: AED 57,000 a yearNew contract, July 2025: AED 57,000 a yearRenewal, July 2026: AED 54,000 a yearNew contract, September 2026: AED 48,000 a year

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 619 sits

All 317 studios →

619 last sold in March 2021 at AED 1,293 per sqft, 7% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,210). 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. 619's AED 48,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026700,000
3 Nov 2026700,000
22 Sep 2026760,000
2 Sep 2026750,000
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 →
Value
601StudioAED 820K · Jun 2025
602StudioAED 660K · Feb 2023
603StudioAED 537K · Mar 2021
604StudioAED 650K · May 2018
605StudioAED 780K · Jan 2026
606StudioAED 770K · Jul 2025
6072-bedAED 1.71M · Dec 2023
1–7 of 22

619, Elite Business Bay Residence in numbers

  • Sold once: by Range 4 Developments on 16 March 2021 for AED 655,000, or AED 1,293 per sqft.
  • Rented since May 2021 on 8 Ejari contracts, from AED 36,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2021 price is 7.3%, before a service charge of about AED 6,500 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 20 September 2026.

Questions about 619, Elite Business Bay Residence

What did unit 619 last sell for?

AED 655,000 on 16 March 2021, sold by the developer: AED 1,293 per sqft for 506 sqft. It is the only registered sale of the unit.

What is the rent for unit 619?

AED 48,000 a year on the contract signed on 20 September 2026. The previous contract, from July 2026, was AED 54,000; the unit has been rented since May 2021.

How big is unit 619?

506 sqft (47.0 sqm): a studio on the 6th floor of a 23-storey tower completed in 2021.

What is unit 619 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 619, Elite Business Bay Residence

Starts from the last sale price (AED 655K, 16 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 655,000
Deposit, UAE resident (20%)
AED 131,000
Deposit, non-resident (40%)
AED 262,000
Monthly over 25 years at 3.7%
AED 2,680

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