Business Bay · Ready · 55% of recent sales are studios

Elite Business Bay ResidenceWhat it sells and rents for

Studios resell for about AED 718k and rent for AED 50k a year.

At a glance

Updated with deals to 3 Nov 2026
Sells forAED 718kfor a typical studio

From 29 resales in the last 12 months.

Rents forAED 50ka year, new studio lease

Down 23% since early 2026. Renewing tenants pay about AED 54k.

Earns7.0%a year, as a share of the price
Elite Business Bay Residence
Business Bay

More than studios across Business Bay, at 6.1%.

Sells46sales in the last year
Elite Business Bay Residence
Similar buildings

1.2 times as many resales as the typical similar building, so it's easier to sell when you're ready.

  • 23% lessNew studio leases sign for AED 50k a year, 23% less than in January to March 2026, from 86 leases.
  • 7% lessNew studio leases sign for AED 50k a year, 7% less than renewals, from 86 leases.

What brings you here?

Apartment type

Prices and rents at Elite Business Bay Residence

What should you pay for a studio?

AED 718k

That's the typical price. 22 of the 29 studios resold here in the last year went for AED 551k to AED 788k. Got an asking price? Enter it below to see how it compares.

Each dot is about 2 real sales here in the last 12 months.

What should you offer first?

AED 551k

14 of the 29 studios resold here in the last year went for this or less. Start here and leave room to move.

  • Price per sq ft here1,355 nowNo clear move
  • Across Business Bay664 recent resalesDown 8%

What will it really cost you?

Based on the typical studio here at AED 718k, and renting a studio here for AED 50k a year.

The mortgage is AED 974 a month less than renting.

Before service charges and any change in price.

Owning: mortgage each monthAED 3,193
Renting a studio hereAED 4,167

Cash you need

AED 197k

  • Down paymentAED 143,600
  • DLD transfer feeAED 29,300
  • Agency feeAED 15,078
  • Trustee, mortgage and valuationAED 8,926

Over 5 years, buying costs about AED 175k in fees and interest. Renting costs about AED 250k.

Fees: DLD transfer fee 4% plus AED 580; trustee fee AED 4,000 plus VAT; mortgage registration 0.25% of the loan plus AED 290; agency fee 2% plus VAT; bank valuation about AED 3,000. Up to 80% loan for a first home up to AED 5M. Your bank sets your rate.

What would it earn as a rental?

7.0%

A year's rent, about AED 50k, as a share of the price, before service charges. Studios across Business Bay earn 6.1%.

AED 718kprice→AED 50kyearly rent=7.0%return

Will it be easy to sell later?

2 a month

That's how often a studio resells here. The building has 1.2 times as many resales as the typical similar building nearby.

Elite Business Bay Residence
Bay Square
AG Tower
Damac Towers by Paramount

Are prices rising or falling?

No clear move

Only 10 resales in the building in the last 3 months, too few to call a direction.

Oct 2024Sep 2026

Do bigger studios cost more?

Each dot is a studio sale here. The line is the going rate: every extra sq ft adds about AED 630. Dots well above the line sold for more than their size explains, so ask what made them worth it.

AED 600kAED 700kAED 800kAED 900k400425450475500Size, sq ft →

How does it compare with its neighbours?

1 of the 18 others

in Business Bay earns a higher return than Elite Business Bay Residence. Across the building as a whole it costs AED 1,354 per sq ft and earns 7.3%. The typical building in Business Bay costs AED 1,875 per sq ft and earns 6.2%.

Elite Business Bay ResidenceCheaper and earns morePricier and earns lessOther buildings
4.5%5.0%5.5%6.0%6.5%7.0%7.5%8.0%1,0001,5002,0002,5003,0003,500Resale price per sq ft, AED, last 12 months →Gross yield →Cheaper and earns morePricier and earns lessarea typicalElite Business Bay Residence

Where is Elite Business Bay Residence?

28% below

the typical resale price per sq ft in Business Bay, over the last 12 months.

Elite Business Bay Residence against Business Bay

  • Elite Business Bay ResidenceResale, 46 sales in 12 monthsAED 1,354 per sq ft
  • Business BayResale, 2,475 sales in 12 monthsAED 1,875 per sq ft

A studio in Business Bay

  • A typical studio resells forAED 980k
  • New studio leases sign forAED 60k a year
  • Rent as a share of the price6.1%

How busy it is

  • Sales in the last 12 months5,782
  • Off-plan share of sales57%

Still selling off-plan nearby

Typical off-plan price per sq ft and sales, last 3 months

See all of Business Bay

Similar buildings

Bay Square

Bay Square

Business Bay

Typical 1-bed
AED 1.67M resale
Sales, 12 months
38
AG Tower

AG Tower

Business Bay

Typical 1-bed
Fewer than 20 sales
Sales, 12 months
39
Majestine

Majestine

Business Bay

Typical 1-bed
Fewer than 20 sales
Sales, 12 months
30

Questions people ask

Quick answers, from the same deals as the rest of this page.

How much is a studio in Elite Business Bay Residence?

About AED 718k on resale; 22 of 29 sold for AED 551k to AED 788k.

How much is rent for a studio in Elite Business Bay Residence?

About AED 50k a year on a new lease and AED 54k on a renewal.

What is the rental yield at Elite Business Bay Residence?

About 7.0% gross on a studio, before service charges.

Is Elite Business Bay Residence easy to resell?

Yes: 46 resales in 12 months, 1.2 times the typical similar building.

About our data

Where our numbers come from

Every number on this page comes from a real deal registered with the Dubai Land Department. Here's how we turn them into prices you can use.

Sales
Every sale of an apartment in Elite Business Bay Residence registered with the Dubai Land Department since January 2024, up to 3 Nov 2026. Sales up to 2 Nov 2026 come from Dubai Real Estate Data, based on DLD open data (CC BY 4.0). Newer sales come straight from the DLD open-data portal.
Leases
Every Ejari lease registered with the Dubai Land Department since January 2026, up to 2 Nov 2026. Leases don't list bedrooms, so we work them out from the size. Lease length comes from the start and end dates.
What we count
Apartments and hotel apartments. Villas and townhouses aren't included yet.
Typical price
The middle deal: half sold for more, half for less. One penthouse can't skew it the way it skews an average.
Typical range
The range we show: from the 25th to the 75th percentile. Fair means inside it. High and low mean outside it.
Time frames
Prices look at the last 12 months of resales. Rents look at new leases since 3 Aug 2026. Price changes compare the last 3 months with the same 3 months a year earlier. Rent changes compare new leases now with those signed from January to March 2026.
Return
A year of typical rent as a share of the typical price, also called gross yield. It comes before service charges, fees and empty months.
Your apartment's value
We start from the typical price at the typical size, then add or take off the going price per sq ft for the difference in size.
When we hold back
We give a price or rent only with at least 10 resales in the last 12 months or 10 new leases in the last 3 months behind it. A project gets its own page with at least 30 sales in 12 months or 30 new leases in 3 months, or with at least 20 sales since January 2024 and 5 of them in the last 12 months. We say prices or rents rose or fell only when the change is over 3% and each period has at least 30 deals. Otherwise we say so and show nearby buildings instead.
What the records leave out
Floor, view, furnishing and condition.

We update with every data release. This page was last updated on 3 Nov 2026.

Free · From deals registered with the DLD

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