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Studio · 250 sqftElite Business Bay Residence, Business Bay · 7th floor · completed 2021

705, Elite Business Bay Residence

Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 650K28 May 2018
Current rentAED 50K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, Elite Business Bay Residence

What is 705 worth today?

Last sold for AED 650,000 in 2018

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1 Oct 2026RentedNew contract
AED 50,000/yr12 months · AED 99 per sqft
8 Sep 2025RentedNew contract
AED 57,000/yr12 months · AED 113 per sqft
23 May 2022RentedRenewal
AED 42,550/yr12 months · AED 85 per sqft
28 May 2018Sold by developerOff-plan
AED 650,000AED 1,329 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
Studio apartment
Size
250 sqft
Floor
7th of 23
Parking
B2-57
Developer
Range 4 Developments
Completed
2021
Service charge
AED 3,200 /yr
Last sold
AED 650K · May 2018
Building
Elite Business Bay Residence

About 705, Elite Business Bay Residence

705 is a studio of 250 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 28 May 2018 for AED 650,000, or AED 1,329 per sqft, in line with the AED 1,291 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 October 2026, is AED 50,000 a year: a gross yield of 7.7% on the 2018 price, before the service charge of about AED 3,200 a year.

Sales and rents for 705 over time

Sales
Unit 705, 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, May 2018: AED 650,000 (AED 1,329 per sqft)

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

Rents
Unit 705, each contractTypical studio in Elite Business Bay Residence
40K50K60K2021202320252027Typical 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 54,000Renewal, May 2022: AED 42,550 a yearNew contract, September 2025: AED 57,000 a yearNew contract, October 2026: AED 50,000 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 705 sits

All 317 studios →

705 last sold in May 2018 at AED 1,329 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. 705's AED 50,000 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 →

Other units on the 7th floor

All 524 units in Elite Business Bay Residence
Value
701StudioAED 605K · Nov 2020
702StudioAED 605K · Jul 2022
703StudioAED 619K · May 2022
704StudioAED 606K · Dec 2020
706StudioAED 770K · Jul 2024
7072-bedAED 1.71M · Dec 2023
708StudioAED 530K · Mar 2021
1–7 of 22

705, Elite Business Bay Residence in numbers

  • Sold once: by Range 4 Developments on 28 May 2018 for AED 650,000, or AED 1,329 per sqft.
  • Rented since May 2022 on 3 Ejari contracts, from AED 42,550 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2018 price is 7.7%, before a service charge of about AED 3,200 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 October 2026.

Questions about 705, Elite Business Bay Residence

What did unit 705 last sell for?

AED 650,000 on 28 May 2018, sold by the developer: AED 1,329 per sqft for 250 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 50,000 a year on the contract signed on 1 October 2026. The previous contract, from September 2025, was AED 57,000; the unit has been rented since May 2022.

How big is unit 705?

250 sqft (23.2 sqm): a studio on the 7th floor of a 23-storey tower completed in 2021.

What is unit 705 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 705, Elite Business Bay Residence

Starts from the last sale price (AED 650K, 28 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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