622, Elite Business Bay Residence
Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 622, Elite Business Bay Residence
What is 622 worth today?
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Source: Dubai Land Department. Updated 15 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 478 sqft
- Floor
- 6th of 23
- Parking
- B2-51
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,100 /yr
- Last sold
- AED 605K · November 2020
- Building
- Elite Business Bay Residence
About 622, Elite Business Bay Residence
622 is a studio of 478 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 9 November 2020 for AED 605,000, or AED 1,264 per sqft, in line with the AED 1,291 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 15 September 2025, is AED 57,000 a year: a gross yield of 9.4% on the 2020 price, before the service charge of about AED 6,100 a year.
Sales and rents for 622 over time
622 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 622 sits
All 317 studios →622 last sold in November 2020 at AED 1,264 per sqft, in line with what studios in Elite Business Bay Residence were fetching at the time (AED 1,291). 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. 622'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 60K /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 | |
| 603 | Studio | 480 sqft | AED 537KAED 537,000 · Mar 2021March 2021 | 57,000 /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 | |
| 623 | Studio | 495 sqft | AED 700KAED 700,000 · Jan 2023January 2023 | 63,000 /yr |
622, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 9 November 2020 for AED 605,000, or AED 1,264 per sqft.
- Rented since March 2021 on 5 Ejari contracts, from AED 37,000 to AED 57,000 a year.
- At AED 57,000 a year the gross yield on the 2020 price is 9.4%, before a service charge of about AED 6,100 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 15 September 2025.
Questions about 622, Elite Business Bay Residence
What did unit 622 last sell for?
AED 605,000 on 9 November 2020, sold by the developer: AED 1,264 per sqft for 478 sqft. It is the only registered sale of the unit.
What is the rent for unit 622?
AED 57,000 a year on the contract signed on 15 September 2025. The previous contract, from September 2024, was AED 55,000; the unit has been rented since March 2021.
How big is unit 622?
478 sqft (44.4 sqm): a studio on the 6th floor of a 23-storey tower completed in 2021.
What is unit 622 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 622, Elite Business Bay Residence
Starts from the last sale price (AED 605K, 9 November 2020). 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 →