Studio · 495 sqftElite Business Bay Residence, Business Bay · 6th floor · completed 2021

623, 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 twice, last in January 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 623 · DLD and Ejari recordsUpdated 20 January 2026

Last soldAED 700K31 January 2023

Current rentAED 63K /yr20 January 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 623, Elite Business Bay Residence

Today

What is 623 worth today?

Last sold for AED 700,000 in 2023

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20 Jan 2026

20 Jan 2026RentedNew contract

AED 63,000/yr12 months · AED 127 per sqft

20 Jan 2026

20 Jan 2026RentedNew contract

AED 63,000/yr12 months · AED 127 per sqft

31 Jan 2023

31 Jan 2023SoldReady

AED 700,000AED 1,414 per sqft

1 Nov 2022

1 Nov 2022RentedNew contract

AED 65,000/yr12 months · AED 131 per sqft

2 Mar 2020

2 Mar 2020Sold by developerOff-plan

AED 638,400AED 1,323 per sqft

Source: Dubai Land Department. Updated 20 January 2026.

Key facts

Type: Studio apartment
Size: 495 sqft
Floor: 6th of 23
Parking: B2-52
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 6,300 /yr
Last sold: AED 700K · January 2023
Building: Elite Business Bay Residence

About 623, Elite Business Bay Residence

623 is a studio of 495 sqft on the 6th floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 31 January 2023 for AED 700,000, or AED 1,414 per sqft, 12% above the AED 1,261 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 20 January 2026, is AED 63,000 a year: a gross yield of 9.0% on the 2023 price, before the service charge of about AED 6,300 a year.

Sales and rents for 623 over time

Sales

Unit 623, each saleTypical studio in Elite Business Bay Residence

623 has sold twice; the dashed line is the studio median of each year in the building.

Rents

Unit 623, 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 623 sits

All 317 studios →

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

623 last sold in January 2023 at AED 1,414 per sqft, 12% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,261). 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. 623's AED 63,000 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 61K /yr
Typical yield: 7.5%

Elite Business Bay Residence, Business Bay: prices, sales and rents →

Other units on the 6th floor

All 524 units in Elite Business Bay Residence


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
622	Studio	478 sqft	AED 605KAED 605,000 · Nov 2020November 2020	57,000 /yr

1–7 of 22

623, Elite Business Bay Residence in numbers

Sold twice: first on 2 March 2020 for AED 638,400, last on 31 January 2023 for AED 700,000 (AED 1,414 per sqft).
Rented since November 2022 on 3 Ejari contracts, from AED 65,000 to AED 63,000 a year.
At AED 63,000 a year the gross yield on the 2023 price is 9.0%, before a service charge of about AED 6,300 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 January 2026.

Questions about 623, Elite Business Bay Residence

What did unit 623 last sell for?

AED 700,000 on 31 January 2023: AED 1,414 per sqft for 495 sqft. The unit has 2 registered sales; the first was AED 638,400 in March 2020.

What is the rent for unit 623?

AED 63,000 a year on the contract signed on 20 January 2026. The previous contract, from January 2026, was AED 63,000; the unit has been rented since November 2022.

How big is unit 623?

495 sqft (46.0 sqm): a studio on the 6th floor of a 23-storey tower completed in 2021.

What is unit 623 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 623, Elite Business Bay Residence

Starts from the last sale price (AED 700K, 31 January 2023). Switch to today's estimate once you have unlocked it.

Price: AED 700,000
Deposit, UAE resident (20%): AED 140,000
Deposit, non-resident (40%): AED 280,000
Monthly over 25 years at 3.7%: AED 2,864

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