Home
Dubai prices
About
Research
Studio · 501 sqftElite Business Bay Residence, Business Bay · 7th floor · completed 2021

706, Elite Business Bay Residence

Sold prices and rental history: sold twice, last in July 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 29 July 2024
Last soldAED 770K29 July 2024
Current rentAED 47K /yr9 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 706

Property timeline for 706, Elite Business Bay Residence

What is 706 worth today?

Last sold for AED 770,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

29 Jul 2024SoldReady
AED 770,000AED 1,537 per sqft
9 Mar 2023RentedNew contract
AED 47,130/yr9 months · AED 93 per sqft
10 Mar 2021RentedNew contract
AED 43,000/yr12 months · AED 85 per sqft
1 Feb 2021Sold by developerReady
AED 525,000AED 1,048 per sqft

Source: Dubai Land Department. Updated 29 July 2024.

Key facts

Type
Studio apartment
Size
501 sqft
Floor
7th of 23
Parking
B2-58
Developer
Range 4 Developments
Completed
2021
Service charge
AED 6,400 /yr
Last sold
AED 770K · July 2024
Building
Elite Business Bay Residence

About 706, Elite Business Bay Residence

706 is a studio of 501 sqft on the 7th floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 29 July 2024 for AED 770,000, or AED 1,537 per sqft, in line with the AED 1,528 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 9 March 2023, is AED 47,130 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 6,400 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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, February 2021: AED 525,000 (AED 1,048 per sqft)Sold, July 2024: AED 770,000 (AED 1,537 per sqft)

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

Rents
Unit 706, 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 54,000New contract, March 2021: AED 43,000 a yearNew contract, March 2023: AED 47,130 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 706 sits

All 317 studios →

706 last sold in July 2024 at AED 1,537 per sqft, in line with what studios in Elite Business Bay Residence were fetching at the time (AED 1,528). 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. 706's AED 47,130 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 61K /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
705StudioAED 650K · May 2018
7072-bedAED 1.71M · Dec 2023
708StudioAED 530K · Mar 2021
1–7 of 22

706, Elite Business Bay Residence in numbers

  • Sold twice: first on 1 February 2021 for AED 525,000, last on 29 July 2024 for AED 770,000 (AED 1,537 per sqft).
  • Rented since March 2021 on 2 Ejari contracts, from AED 43,000 to AED 47,130 a year.
  • At AED 47,130 a year the gross yield on the 2024 price is 6.1%, before a service charge of about AED 6,400 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 29 July 2024.

Questions about 706, Elite Business Bay Residence

What did unit 706 last sell for?

AED 770,000 on 29 July 2024: AED 1,537 per sqft for 501 sqft. The unit has 2 registered sales; the first was AED 525,000 in February 2021.

What is the rent for unit 706?

AED 47,130 a year on the contract signed on 9 March 2023. The previous contract, from March 2021, was AED 43,000.

How big is unit 706?

501 sqft (46.5 sqm): a studio on the 7th floor of a 23-storey tower completed in 2021.

What is unit 706 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.

Selling 706? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 706, Elite Business Bay Residence

Starts from the last sale price (AED 770K, 29 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 770,000
Deposit, UAE resident (20%)
AED 154,000
Deposit, non-resident (40%)
AED 308,000
Monthly over 25 years at 3.7%
AED 3,150

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