Studio · 506 sqftElite Business Bay Residence, Business Bay · 7th floor · completed 2021

704, 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 once, by the developer in December 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 704 · DLD and Ejari recordsUpdated 1 June 2026

Last soldAED 606K31 December 2020

Current rentAED 53K /yr1 June 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 704, Elite Business Bay Residence

Today

What is 704 worth today?

Last sold for AED 605,700 in 2020

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1 Jun 2026

1 Jun 2026RentedRenewal

AED 52,500/yr12 months · AED 104 per sqft

1 Jun 2025

1 Jun 2025RentedRenewal

AED 50,000/yr12 months · AED 99 per sqft

1 Jun 2024

1 Jun 2024RentedRenewal

AED 47,311/yr12 months · AED 94 per sqft

1 Jun 2023

1 Jun 2023RentedRenewal

AED 43,010/yr12 months · AED 85 per sqft

1 Jun 2022

1 Jun 2022RentedRenewal

AED 39,100/yr12 months · AED 77 per sqft

1 Jun 2021

1 Jun 2021RentedNew contract

AED 34,000/yr12 months · AED 67 per sqft

31 Dec 2020

31 Dec 2020Sold by developerReady

AED 605,700AED 1,197 per sqft

Source: Dubai Land Department. Updated 1 June 2026.

Key facts

Type: Studio apartment
Size: 506 sqft
Floor: 7th of 23
Parking: B2-56
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 6,500 /yr
Last sold: AED 606K · December 2020
Building: Elite Business Bay Residence

About 704, Elite Business Bay Residence

704 is a studio of 506 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 31 December 2020 for AED 605,700, or AED 1,197 per sqft, 5% below the AED 1,255 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 52,500 a year: a gross yield of 8.7% on the 2020 price, before the service charge of about AED 6,500 a year.

Sales and rents for 704 over time

Sales

Unit 704, each saleTypical studio in Elite Business Bay Residence

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

Rents

Unit 704, 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 704 sits

All 317 studios →

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

704 last sold in December 2020 at AED 1,197 per sqft, 5% below what studios in Elite Business Bay Residence were fetching at the time (AED 1,255). 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. 704's AED 52,500 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 60K /yr
Typical yield: 7.5%

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

Other units on the 7th floor

All 524 units in Elite Business Bay Residence


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
703	Studio	480 sqft	AED 619KAED 618,520 · May 2022May 2022	58,000 /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

1–7 of 22

704, Elite Business Bay Residence in numbers

Sold once: by Range 4 Developments on 31 December 2020 for AED 605,700, or AED 1,197 per sqft.
Rented since June 2021 on 6 Ejari contracts, from AED 34,000 to AED 52,500 a year.
At AED 52,500 a year the gross yield on the 2020 price is 8.7%, 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 1 June 2026.

Questions about 704, Elite Business Bay Residence

What did unit 704 last sell for?

AED 605,700 on 31 December 2020, sold by the developer: AED 1,197 per sqft for 506 sqft. It is the only registered sale of the unit.

What is the rent for unit 704?

AED 52,500 a year on the contract renewed on 1 June 2026. The previous contract, from June 2025, was AED 50,000; the unit has been rented since June 2021.

How big is unit 704?

506 sqft (47.0 sqm): a studio on the 7th floor of a 23-storey tower completed in 2021.

What is unit 704 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 704, Elite Business Bay Residence

Starts from the last sale price (AED 606K, 31 December 2020). Switch to today's estimate once you have unlocked it.

Price: AED 605,700
Deposit, UAE resident (20%): AED 121,140
Deposit, non-resident (40%): AED 242,280
Monthly over 25 years at 3.7%: AED 2,478

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