721, Elite Business Bay Residence
Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 721, Elite Business Bay Residence
What is 721 worth today?
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Source: Dubai Land Department. Updated 29 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 475 sqft
- Floor
- 7th of 23
- Parking
- B2-64
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 6,100 /yr
- Last sold
- AED 945K · August 2024
- Building
- Elite Business Bay Residence
About 721, Elite Business Bay Residence
721 is a studio of 475 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 7 August 2024 for AED 945,000, or AED 1,988 per sqft, 29% above the AED 1,537 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 29 November 2025, is AED 68,000 a year: a gross yield of 7.2% on the 2024 price, before the service charge of about AED 6,100 a year.
Sales and rents for 721 over time
721 has sold 3 times; 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 721 sits
All 317 studios →721 last sold in August 2024 at AED 1,988 per sqft, 29% above what studios in Elite Business Bay Residence were fetching at the time (AED 1,537). 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. 721's AED 68,000 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 61K /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 | |
| 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 | ||
| 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 | |
| 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 |
721, Elite Business Bay Residence in numbers
- Sold 3 times: first on 27 January 2021 for AED 500,000, last on 7 August 2024 for AED 945,000 (AED 1,988 per sqft).
- Rented since April 2021 on 5 Ejari contracts, from AED 40,000 to AED 68,000 a year.
- At AED 68,000 a year the gross yield on the 2024 price is 7.2%, before a service charge of about AED 6,100 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 November 2025.
Questions about 721, Elite Business Bay Residence
What did unit 721 last sell for?
AED 945,000 on 7 August 2024: AED 1,988 per sqft for 475 sqft. The unit has 3 registered sales; the first was AED 500,000 in January 2021.
What is the rent for unit 721?
AED 68,000 a year on the contract renewed on 29 November 2025. The previous contract, from November 2024, was AED 68,000; the unit has been rented since April 2021.
How big is unit 721?
475 sqft (44.1 sqm): a studio on the 7th floor of a 23-storey tower completed in 2021.
What is unit 721 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 721, Elite Business Bay Residence
Starts from the last sale price (AED 945K, 7 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 945,000
- Deposit, UAE resident (20%)
- AED 189,000
- Deposit, non-resident (40%)
- AED 378,000
- Monthly over 25 years at 3.7%
- AED 3,866
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →