Elite Business Bay Residence rents
- 266 new leases and 160 renewals in 12 months
- 529 units
- Business Bay
- near Business Bay Metro Station
A studio here leases for about AED 54,000 a year, 22% below the typical Business Bay studio. Renewing tenants pay more than new ones: AED 57,000.
Studio · typical new lease
54,000AEDa year
AED 110/sqft · -10.0% on a year
- A month, roughly
- AED 4,500
- Renewal
- AED 57,000
- vs Business Bay studio
- 22% below the median
- New leases, 12 months
- 180
What should a lease in Elite Business Bay Residence cost?A studio leases for about AED 54,000 a year; renewing tenants pay 5.6% more than new ones
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Business Bay median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
A studio here now costs 10.0% less than a year earlier: AED 54,000 against 60,000.
Chart data, Studio: Jan 2021, AED 38,500; latest, Oct 2026, AED 51,000; peak, Jan 2025, AED 65,000.
Showing the 60 most recent of 426 contracts starting on or after 12 Oct 2025.
About Elite Business Bay ResidenceA 31-floor tower in Business Bay, a 10-minute drive from DIFC
Elite Business Bay Residence is an apartment building completed in 2021 in Business Bay. 426 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Service charge
- Paid by the landlord · AED 15.07/sqft a year
- Floors
- 31
- Lifts
- 9
- Parking bays
- 771
- Pools
- 1
Drive times · typical
- Downtown
- 12 min · 7.1 km
- DXB Airport
- 16 min · 16 km
- DIFC
- 10 min · 11 km
- Dubai Marina
- 18 min · 21 km
- Palm Jumeirah
- 25 min · 25 km
Nearest, as registered
- Metro
- Business Bay Metro Station
- Mall
- Dubai Mall
- Landmark
- Downtown Dubai
Letting a unit in Elite Business Bay Residence?81% of units here signed a yearly lease in 12 months, above the Business Bay median; new tenants pay more than renewing ones
- Units on a yearly lease
- 81%Strength
- Business Bay median 41%; top tenth from 69%
- New tenant vs renewal
- +5.0%
- New leases AED 63,000, renewals 60,000, all types
- Short-let instead, studio
- AED 412
- a night on Airbnb; nets 1.5× the yearly rent at 70% occupancy, after fees, cleaning and utilities
Ejari leases to 12 Oct 2026 · Airbnb asking rates for the next 12 months; occupancy is an assumption, not a measurement
Thinking of selling? Elite Business Bay Residence sale prices →Comparables in Business Bay
Every Business Bay building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. Elite Business Bay Residence places 78th of 100; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Elite Business Bay Residence.
At studio, Elite Business Bay Residence ranks 53rd of 57 by rent per square foot and 7th of 47 by gross yield in Business Bay.
Market context in Business Bay
Registered sales activity
2,705 ready apartment sales in the 12 months to 2026-10-12.
+5.4% in median AED/sqft versus the preceding year, supported by 2,705 current and 3,581 prior price observations.
Explore sales activityPlanned apartment projects
10,312 known registered units across 12 pending projects planned within one year of the 2026-07-06 register.
10 projects had already passed their planned date; 6 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
11,591 apartments are planned in Business Bay from 2026 to 2028, equal to 64% of the 18,176 homes let there today.
Ready prices per sqft fell in 50% of 131 buildings (counted once per bedroom type) in Business Bay with sales in both years; the typical one moved −0.1%.
The pooled median moved +5.4%: 5.5 points more than the typical building, because different buildings traded in each year.
New-lease rents fell in 79% of 124 buildings (counted once per bedroom type) with leases in both years; the typical one moved −5.6%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
Nearby in Business Bay
Prices per sq ft around Elite Business Bay Residence, on the mapPrices per sq ft around Elite Business Bay Residence, on the map
Peninsula Three
Business Bay · 441 contracts, 12 months
100,000
AED a year median · 162/sqft
Prive by DAMAC (B)
Business Bay · 438 contracts, 12 months
75,000
AED a year median · 147/sqft
Prive by DAMAC (A)
Business Bay · 438 contracts, 12 months
75,000
AED a year median · 147/sqft
Amna Tower
Business Bay · 406 contracts, 12 months
135,000
AED a year median · 106/sqft
Ask about Elite Business Bay Residence
Looking to buy or rent here? Tell us what you need: unit type, budget, timing.
We reply by phone, WhatsApp or email, and put you in touch with a licensed agent.
Common questions
- What is the registered annual rent for a studio in Elite Business Bay Residence?
- The median new annual rent is AED 54,000, from 180 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in Elite Business Bay Residence risen or fallen?
- The median new annual rent changed -10.0% in the trailing 12 months against the previous 12, using 180 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- Do new tenants in Elite Business Bay Residence pay more than sitting ones?
- A new tenant pays -5.3% against a renewing one, across 104 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.
- How many apartments change hands in Elite Business Bay Residence?
- 31 sales were registered with the Dubai Land Department in the last 12 months, alongside 180 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to Elite Business Bay Residence?
- Business Bay Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Dubai Mall.
For agents
Send this page to a client as a branded report
Elite Business Bay Residence rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 180 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /rent/apartments/dubai/business-bay/elite-business-bay-residence
Cite as: Dubai Wealth Index. “Elite Business Bay Residence rents and yield.” Business Bay, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/business-bay/elite-business-bay-residence
Stable dataJSON