703, Elite Business Bay Residence
Sold prices and rental history: sold once, by the developer in May 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Elite Business Bay Residence
What is 703 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 480 sqft
- Floor
- 7th of 23
- Parking
- B2-55
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,200 /yr
- Last sold
- AED 619K · May 2022
- Building
- Elite Business Bay Residence
About 703, Elite Business Bay Residence
703 is a studio of 480 sqft on the 7th 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 May 2022 for AED 618,520, or AED 1,289 per sqft, 11% above the AED 1,159 studios in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 September 2024, is AED 58,000 a year: a gross yield of 9.4% on the 2022 price, before the service charge of about AED 6,200 a year.
Sales and rents for 703 over time
703 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 703 sits
All 317 studios →703 last sold in May 2022 at AED 1,289 per sqft, 11% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,159). 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. 703's AED 58,000 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 7th floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | Studio | 482 sqft | AED 605KAED 605,000 · Nov 2020November 2020 | 52,000 /yr | |
| 702 | Studio | 480 sqft | AED 605KAED 605,000 · Jul 2022July 2022 | 60,000 /yr | |
| 704 | Studio | 506 sqft | AED 606KAED 605,700 · Dec 2020December 2020 | 52,500 /yr | |
| 705 | Studio | 250 sqft | AED 650KAED 650,000 · May 2018May 2018 | 50,000 /yr | |
| 706 | Studio | 501 sqft | AED 770KAED 770,000 · Jul 2024July 2024 | 47,130 /yr | |
| 707 | 2-bed | 1,343 sqft | AED 1.71MAED 1,712,049 · Dec 2023December 2023 | ||
| 708 | Studio | 401 sqft | AED 530KAED 530,000 · Mar 2021March 2021 | 52,000 /yr | |
| 709 | 2-bed | 1,309 sqft | AED 1.66MAED 1,662,722 · Dec 2023December 2023 | ||
| 710 | 1-bed | 815 sqft | AED 1.13MAED 1,133,241 · Jul 2019July 2019 | 78,000 /yr | |
| 711 | 1-bed | 853 sqft | AED 1.14MAED 1,140,000 · Apr 2025April 2025 | 80,000 /yr | |
| 712 | 1-bed | 934 sqft | AED 1.3MAED 1,300,000 · Jan 2026January 2026 | ||
| 713 | 1-bed | 933 sqft | AED 1.23MAED 1,228,940 · Dec 2023December 2023 | ||
| 714 | 1-bed | 907 sqft | AED 800KAED 800,000 · Nov 2020November 2020 | 82,500 /yr | |
| 715 | Studio | 605 sqft | AED 560KAED 560,000 · Jul 2021July 2021 | 60,000 /yr | |
| 716 | 4-bed | 2,172 sqft | AED 2.46MAED 2,461,540 · Jun 2021June 2021 | ||
| 717 | Studio | 492 sqft | AED 652KAED 652,000 · Oct 2020October 2020 | 50,000 /yr | |
| 718 | 4-bed | 2,191 sqft | AED 2.54MAED 2,538,460 · Jul 2021July 2021 | ||
| 719 | Studio | 506 sqft | AED 663KAED 663,000 · Nov 2018November 2018 | 60,000 /yr | |
| 720 | Studio | 503 sqft | AED 730KAED 730,000 · Jun 2026June 2026 | 57,154 /yr | |
| 721 | Studio | 475 sqft | AED 945KAED 945,000 · Aug 2024August 2024 | 68,000 /yr | |
| 722 | Studio | 478 sqft | AED 500KAED 500,000 · Feb 2021February 2021 | 72,610 /yr | |
| 723 | Studio | 495 sqft | AED 510KAED 510,000 · Mar 2021March 2021 |
703, Elite Business Bay Residence in numbers
- Sold once: by Range 4 Developments on 16 May 2022 for AED 618,520, or AED 1,289 per sqft.
- Rented since May 2023 on 2 Ejari contracts, from AED 52,000 to AED 58,000 a year.
- At AED 58,000 a year the gross yield on the 2022 price is 9.4%, 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 1 September 2024.
Questions about 703, Elite Business Bay Residence
What did unit 703 last sell for?
AED 618,520 on 16 May 2022, sold by the developer: AED 1,289 per sqft for 480 sqft. It is the only registered sale of the unit.
What is the rent for unit 703?
AED 58,000 a year on the contract signed on 1 September 2024. The previous contract, from May 2023, was AED 52,000.
How big is unit 703?
480 sqft (44.6 sqm): a studio on the 7th floor of a 23-storey tower completed in 2021.
What is unit 703 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 703, Elite Business Bay Residence
Starts from the last sale price (AED 619K, 16 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 618,520
- Deposit, UAE resident (20%)
- AED 123,704
- Deposit, non-resident (40%)
- AED 247,408
- Monthly over 25 years at 3.7%
- AED 2,531
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →