What is the rental yield in Elite Business Bay Residence?

Elite Business Bay Residence returns 7.62% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 339 rental contracts registered in the last 24 months.

How much does a studio in Elite Business Bay Residence cost?

The median registered sale price is AED 780,000 (1,578 AED/sqft), from 48 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in Elite Business Bay Residence selling for right now?

Registered sales of ready units in Elite Business Bay Residence over the last 3 months have a median of 1,605 AED/sqft, across 5 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in Elite Business Bay Residence risen or fallen?

Median price per square foot moved -12.7% over the last 12 months against the 12 before it, on 48 registered sales. On a sample this size, read the direction rather than the exact figure.

Does Elite Business Bay Residence earn more short-let than long-let?

A night asks a median of AED 412, which models to 11.97% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 7.62% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.

Elite Business Bay Residence — rental prices & yield

Buy: 780,000AED; AED 1,605/sqft
Long-let: 60,000AED; AED 120/sqft · 7.62%
Short-let: 11.97%; AED 412/night · 0.83/sqft

Price per sqft: Median of 5 registered sales of ready units in the last 3 months, most recent August 2026.

Priced off 5 sales in the last 3 months.

Yield spread: +0.0 pts; vs the Business Bay median for this unit type
Turnover upside: +3.5%; new tenants pay more than sitting ones — 194 renewals
AED/yr/sqft: AED 120
Sales: 48
Rental contracts: 339
Renewal rent: AED 58,000/yr

12 months: +0.0%
3 years: +9.1%+2.9%/yr

Based on 48 sales and 339 rental contracts in the last 24 months.

Elite Business Bay Residence is an apartment building in Business Bay, Dubai. The closest metro station is Business Bay Metro Station, the nearest mall Dubai Mall and the nearest landmark Downtown Dubai. Land Department records for it run from 2017 to 2026, 1,562 registered sales in all — the 48 in the last 24 months are what every median above is computed from.

Rent history

Median annual rent per sqft registered in Elite Business Bay Residence, by year.

Monthly median AED per sqft per year, smoothed over three months. The band along the bottom is the number of records each month.

Rents by bedroom type

Type	Median rent	AED/yr/sqft	Yield	Contracts
Studio	AED 60,000	120	7.62% +0.0 pts	339
1 bed	AED 82,500	94	6.55% -0.6 pts	91
2 bed	AED 120,000	92	6.32% -0.3 pts	28
4+ bed	AED 185,000	85	7.12% +2.0 pts	33

Deltas compare each yield with the Business Bay median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around Elite Business Bay Residence

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
Studio500m	412	0.83	AED 93,365	AED 60,000	1.6×	11.97%	7+
1 bed	331	0.38	AED 67,033	AED 82,500	0.8×	5.80%	3+
2 bed	1,026	0.78	AED 231,195	AED 120,000	1.9×	12.17%	1+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because Elite Business Bay Residence itself had too few listings of that type to measure.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

51 resales in the last 12 months, against 59 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
20 Aug 2026	Studio	495	AED 830,000	1,677
14 Aug 2026	Studio	480	AED 787,500	1,641
7 Aug 2026	Studio	498	AED 800,000	1,605
3 Aug 2026	Studio	495	AED 718,000	1,451
29 Jun 2026	Studio	503	AED 730,000	1,450
24 Jun 2026	4+ bed	2,191	AED 2,755,000	1,258

6 resales in the last 3 months.

Rental contracts

Start	Type	Sqft	Annual rent	AED/sqft	Contract
29 Sept 2026	Studio	503	AED 58,000	115	Renewal
1 Sept 2026	1 bed	934	AED 65,000	70	New
1 Sept 2026	Studio	480	AED 50,000	104	New
1 Sept 2026	Studio	492	AED 55,000	112	New
1 Sept 2026	Studio	508	AED 56,763	112	Renewal
31 Aug 2026	Studio	495	AED 66,000	133	New
30 Aug 2026	1 bed	933	AED 85,000	91	Renewal
29 Aug 2026	Studio	480	AED 48,000	100	New
29 Aug 2026	Studio	475	AED 47,000	99	New
29 Aug 2026	Studio	480	AED 48,000	100	New
29 Aug 2026	Studio	503	AED 50,000	99	New
29 Aug 2026	Studio	501	AED 45,000	90	New
27 Aug 2026	Studio	506	AED 68,000	134	Renewal
26 Aug 2026	Studio	401	AED 55,000	137	Renewal
24 Aug 2026	1 bed	933	AED 74,000	79	Renewal
24 Aug 2026	2 bed	1,309	AED 115,000	88	New
22 Aug 2026	1 bed	907	AED 75,000	83	New
22 Aug 2026	Studio	495	AED 47,000	95	New
21 Aug 2026	Studio	503	AED 60,000	119	New
21 Aug 2026	Studio	401	AED 65,000	162	Renewal
20 Aug 2026	Studio	478	AED 54,000	113	Renewal
20 Aug 2026	Studio	475	AED 47,000	99	New
20 Aug 2026	Studio	934	AED 75,000	80	Renewal
20 Aug 2026	Studio	475	AED 47,000	99	Renewal
18 Aug 2026	Studio	501	AED 56,000	112	Renewal
18 Aug 2026	1 bed	853	AED 70,000	82	New
18 Aug 2026	Studio	478	AED 50,000	105	Renewal
17 Aug 2026	2 bed	1,343	AED 100,000	74	New
15 Aug 2026	Studio	480	AED 47,000	98	New
15 Aug 2026	Studio	480	AED 47,000	98	New
15 Aug 2026	Studio	478	AED 48,000	100	New
15 Aug 2026	Studio	480	AED 48,000	100	New
15 Aug 2026	Studio	492	AED 65,000	132	New
15 Aug 2026	Studio	498	AED 52,000	104	Renewal
15 Aug 2026	Studio	503	AED 48,000	95	New
13 Aug 2026	1 bed	933	AED 85,000	91	New
12 Aug 2026	1 bed	811	AED 80,000	99	Renewal
11 Aug 2026	Studio	503	AED 50,000	99	Renewal
8 Aug 2026	Studio	498	AED 46,000	92	New
7 Aug 2026	Studio	508	AED 50,000	98	New
6 Aug 2026	2 bed	1,343	AED 110,000	82	New
5 Aug 2026	1 bed	933	AED 85,075	91	Renewal
4 Aug 2026	1 bed	933	AED 95,000	102	Renewal
3 Aug 2026	Studio	480	AED 57,000	119	Renewal
1 Aug 2026	4+ bed	2,168	AED 160,000	74	New
1 Aug 2026	Studio	480	AED 55,148	115	New
1 Aug 2026	Studio	494	AED 52,000	105	Renewal
1 Aug 2026	Studio	609	AED 75,000	123	Renewal
1 Aug 2026	4+ bed	2,168	AED 155,000	71	New
1 Aug 2026	Studio	492	AED 51,000	104	New
1 Aug 2026	Studio	506	AED 47,871	95	New
1 Aug 2026	Studio	498	AED 53,000	106	New
1 Aug 2026	Studio	401	AED 52,000	130	New
1 Aug 2026	Studio	609	AED 60,000	98	Renewal
1 Aug 2026	4+ bed	2,189	AED 155,000	71	New
31 Jul 2026	2 bed	1,309	AED 100,000	76	New
31 Jul 2026	1 bed	933	AED 105,000	113	Renewal
30 Jul 2026	1 bed	933	AED 19,946	21	New
27 Jul 2026	Studio	492	AED 48,000	98	New
27 Jul 2026	Studio	475	AED 49,000	103	Renewal

Showing the 60 most recent of 118 contracts starting on or after 26 May 2026.

Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 31
Lifts: 9
Parking bays: 771
Swimming pools: 1

Nearby

Metro: Business Bay Metro Station
Mall: Dubai Mall
Landmark: Downtown Dubai

Compare with nearby buildings

The most-traded buildings in Business Bay, on the same figures over the same window.

Highest rental yields in Business Bay · Elite Business Bay Residence places 31st of 84

Common questions

What is the rental yield in Elite Business Bay Residence?: Elite Business Bay Residence returns 7.62% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 339 rental contracts registered in the last 24 months.
How much does a studio in Elite Business Bay Residence cost?: The median registered sale price is AED 780,000 (1,578 AED/sqft), from 48 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Elite Business Bay Residence selling for right now?: Registered sales of ready units in Elite Business Bay Residence over the last 3 months have a median of 1,605 AED/sqft, across 5 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Elite Business Bay Residence risen or fallen?: Median price per square foot moved -12.7% over the last 12 months against the 12 before it, on 48 registered sales. On a sample this size, read the direction rather than the exact figure.
Does Elite Business Bay Residence earn more short-let than long-let?: A night asks a median of AED 412, which models to 11.97% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 7.62% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.

Elite Business Bay Residence