Studio · 492 sqftElite Business Bay Residence, Business Bay · 7th floor · completed 2021

717, 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 October 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 717 · DLD and Ejari recordsUpdated 1 June 2026

Last soldAED 652K5 October 2020

Current rentAED 50K /yr1 June 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 717, Elite Business Bay Residence

Today

What is 717 worth today?

Last sold for AED 652,000 in 2020

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1 Jun 2026

1 Jun 2026RentedNew contract

AED 50,000/yr12 months · AED 102 per sqft

5 May 2025

5 May 2025RentedNew contract

AED 60,000/yr12 months · AED 122 per sqft

18 Sep 2024

18 Sep 2024RentedNew contract

AED 60,000/yr12 months · AED 122 per sqft

1 Jun 2023

1 Jun 2023RentedNew contract

AED 55,000/yr12 months · AED 112 per sqft

18 Apr 2022

18 Apr 2022RentedNew contract

AED 43,000/yr12 months · AED 87 per sqft

10 Apr 2021

10 Apr 2021RentedNew contract

AED 38,000/yr12 months · AED 77 per sqft

5 Oct 2020

5 Oct 2020Sold by developerOff-plan

AED 652,000AED 1,324 per sqft

Source: Dubai Land Department. Updated 1 June 2026.

Key facts

Type: Studio apartment
Size: 492 sqft
Floor: 7th of 23
Parking: B2-61
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 6,300 /yr
Last sold: AED 652K · October 2020
Building: Elite Business Bay Residence

About 717, Elite Business Bay Residence

717 is a studio of 492 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 5 October 2020 for AED 652,000, or AED 1,324 per sqft, in line with the AED 1,329 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 1 June 2026, is AED 50,000 a year: a gross yield of 7.7% on the 2020 price, before the service charge of about AED 6,300 a year.

Sales and rents for 717 over time

Sales

Unit 717, each saleTypical studio in Elite Business Bay Residence

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

Rents

Unit 717, 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 717 sits

All 317 studios →

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

717 last sold in October 2020 at AED 1,324 per sqft, in line with what studios in Elite Business Bay Residence were fetching at the time (AED 1,329). 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. 717's AED 50,000 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 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
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
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

717, Elite Business Bay Residence in numbers

Sold once: by Range 4 Developments on 5 October 2020 for AED 652,000, or AED 1,324 per sqft.
Rented since April 2021 on 6 Ejari contracts, from AED 38,000 to AED 50,000 a year.
At AED 50,000 a year the gross yield on the 2020 price is 7.7%, 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 1 June 2026.

Questions about 717, Elite Business Bay Residence

What did unit 717 last sell for?

AED 652,000 on 5 October 2020, sold by the developer: AED 1,324 per sqft for 492 sqft. It is the only registered sale of the unit.

What is the rent for unit 717?

AED 50,000 a year on the contract signed on 1 June 2026. The previous contract, from May 2025, was AED 60,000; the unit has been rented since April 2021.

How big is unit 717?

492 sqft (45.7 sqm): a studio on the 7th floor of a 23-storey tower completed in 2021.

What is unit 717 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 717, Elite Business Bay Residence

Starts from the last sale price (AED 652K, 5 October 2020). Switch to today's estimate once you have unlocked it.

Price: AED 652,000
Deposit, UAE resident (20%): AED 130,400
Deposit, non-resident (40%): AED 260,800
Monthly over 25 years at 3.7%: AED 2,668

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