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Elite Business Bay Residence

A studio in Elite Business Bay Residence costs a median AED 725,000, rents long-let for AED 54,000/yr (7.5% gross), and returns 11.1% short-term at the assumed 70% occupancy.

Satellite view of Elite Business Bay Residence, Business Bay, Dubai, centred on its registered pin. Apple Maps.
Satellite view of the registered pin · Apple Maps

Studio · typical price

725,000AED

AED 1,451/sqft · -12.7% on a year

Rent a year
AED 54,000
Yield after service charge
6.4%
vs Business Bay
39% below the median
Cost to buy, all inAED 773,425
Price
AED 725,000
DLD fee 4%
AED 29,000
Agent 2% + VAT
AED 15,225
Trustee
AED 4,200

Fees repaid by net rent13 months

Against this building’s registered sales of the same type.

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Is Elite Business Bay Residence a good investment?Easy to let; rents and prices are slipping and lots of new supply is coming

  1. Does it pay a good rent?7.5% gross, 6.4% after the service charge (Dubai median 6.8%)7.5%Fair
  2. Is it easy to let?81% of units signed a yearly lease in 12 months; the typical Business Bay building manages 41%81%Strength
    Business Bay median 41% · top tenth from 69%Elite Business Bay Residence · 81%

    Across 82 Business Bay buildings with 40 or more units, the median signed annual leases on 41% of units in 12 months and the top tenth on 69% or more; Elite Business Bay Residence is at 81%.

  3. Are rents going up?New studio leases: AED 60,000 a year ago, AED 54,000 now-10.0%Watch
  4. Are prices going up?Studio: AED 1,661/sqft a year ago, 1,451 now-12.7%Watch
  5. How fast do fees pay back?AED 48,425 in fees to buy a studio; net rent covers it in 1.0 years1.0 yrsFair
  6. Can I sell easily?50 sales in 12 months, 9% of the tower (33 the year before)50Fair
  7. Is a lot being built nearby?11,591 apartments are planned in Business Bay from 2026 to 2028, equal to 64% of the 18,176 homes let there today. A further 2,730 are past their planned date. Business Bay supply by year →64%Watch
  8. Did earlier buyers gain?Up 23% for buyers 5 years ago; up 9% for launch buyers, before fees+22.6%Context

Readings use published thresholds · studio figures, the most traded type · Data to 12 Oct 2026

Check an asking price →How each reading works →

Elite Business Bay Residence prices and rents by unit typeA studio costs about AED 725,000 and rents for about AED 54,000 a year

TypeMedian priceGross yieldNew rent12-month changeSales
Studio322 units · 494 sqftAED 725,0001,451/sqftlaunch 1,305 +11.2%7.5%+0.6 ptsAED 54,000180 contracts-12.7%31
1 bed115 units · 907 sqftAED 1.23M1,391/sqftlaunch 1,120 +24.2%6.5%-0.1 ptsAED 80,00043 contracts+8.2%10
2 bed46 units · 1,326 sqftAED 1.90M1,451/sqft6.2%-0.2 ptsAED 117,50016 contractsunder 5 sales in a year3
4+ bed46 units · 2,180 sqftAED 2.66M1,220/sqft6.1%+0.2 ptsAED 162,50020 contractsno prior year6
Appreciation, rental income and short-term detail, by unit type

Appreciation

Studio · price per sqft · Business Bay · area median AED 2,363/sqft

3 years
+3.3% · +1.1%/yr
5 years
+25.4% · +4.6%/yr
vs area median
-38.6%
Rank by price per sqft
72nd of 79
Off-plan price gain, 2017–2020
+12.7% · +1.6%/yr

Rental income

Studio · Business Bay

Median new rent
AED 54,000/yr
Yield vs area median
+0.6 pts
Yield vs Dubai (6.8%)
+0.7 pts
Yield rank
7th of 47
Renewal rent
AED 57,000/yr
New tenants pay vs sitting (104 renewals)
-5.3%

Short-term income

Studio · 70% occupancy · 7-night stays · within 500 m

Median nightly rate
AED 412
Net revenue
AED 80,570/yr
vs long-let rent
1.5×
Listings seen
7+

Price history and sales

As filed with the Land Department — data to 2026-10-12.

Sale price, AED (right axis) Rent on new leases, AED a year (left axis)

Median price paid, Studio, as a rolling 3-month median, with the rent on new leases on the same basis. The band along the bottom is the number of sales each month.

Chart data, Studio: Oct 2017, AED 634,005; latest, Sep 2026, AED 774,375; peak, Feb 2025, AED 865,000. Rent on new leases: Jan 2021, AED 38,500 a year; latest, Oct 2026, AED 51,000.

Did earlier buyers gain?

Median paid per sqft, all types, against today’s 1,390 · before fees

Launch, 2017–21
1,270
+9%
5 years ago
1,133
+23%
3 years ago
1,304
+7%
Previous 12 months
1,417
−2%
Last 12 months
1,390
today

The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.

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

DateTypeSqftPriceAED/sqft
23 Sept 20264+ bed2,168AED 2,647,5001,221
23 Sept 20262 bed1,309AED 1,539,0001,175
23 Sept 20264+ bed2,168AED 2,661,2001,227
23 Sept 20264+ bed2,189AED 2,667,0001,218
22 Sept 2026Studio498AED 760,0001,525
22 Sept 20264+ bed2,189AED 2,658,0001,214
2 Sept 2026Studio506AED 750,0001,483
20 Aug 2026Studio495AED 830,0001,677
14 Aug 2026Studio480AED 787,5001,641
7 Aug 2026Studio498AED 800,0001,605

50 resales in the last 12 months.

Short-term rates around Elite Business Bay Residence

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

70%
TypeNightly, AEDNet revenue at 70%Long-let rentUpliftNet yield
Studio500 m cluster · 7+ listings seen4120.82/sqftAED 80,570AED 54,0001.5×11.1%
1 bed3+ listings seen3310.37/sqftAED 56,635AED 80,0000.7×4.6%
2 bed1+ listings seen1,0260.78/sqftAED 199,550AED 117,5001.7×10.5%

Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.

Nightly rate through the year

Comparables in Business Bay

Every Business Bay building with a page, ranked by price per sqft over the same 12 months, all unit types. Elite Business Bay Residence places 133rd of 150; the nearest 8 are shown.

Highest rental yields in Business Bay →
RankBuildingMedian priceAED/sqftGross yield12-month changeSales
129Avanti TowerCompleted 2018 · off-plan 1,900/sqftAED 1.25M1,409+1.3%5.2%+8.3%9
130The Residences at Business CentralCompleted 2013 · off-plan 1,259/sqftAED 1.54M1,406+1.1%5.5%-6.0%13
131Damac Maison The VogueCompleted 2014 · off-plan 1,869/sqftAED 1.05M1,398+0.6%6.7%-5.2%17
132DAMAC Towers by Paramount (B)Completed 2018 · off-plan 2,290/sqftAED 1.76M1,391+0.1%6.8%-12.9%34
133Elite Business Bay Residence · this buildingCompleted 2021 · off-plan 1,248/sqftAED 800,0001,3907.9%-1.9%50
134FairviewCompleted 2014 · off-plan 1,422/sqftAED 1.14M1,373-1.2%6.7%+3.1%12
135East Heights 3AED 2.50M1,367-1.7%—+3.4%17
136Safeer Tower 1Completed 2017 · off-plan 1,653/sqftAED 702,5001,359-2.2%9.3%+26.8%12
137Capital Bay ACompleted 2014 · off-plan 1,676/sqftAED 855,0001,345-3.2%7.1%+16.3%13

Rank 1 is the dearest per square foot. Differences are against Elite Business Bay Residence (AED 1,390/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.

At studio, Elite Business Bay Residence has registered sale prices 39% below the Business Bay median price per square foot of 2,363 AED, across 79 eligible buildings. It ranks 72nd of 79 by price 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 activity

Planned 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 supply

Supply 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 counted
Find service-charge budget evidence for Elite Business Bay Residence

Direct 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.

About Elite Business Bay Residence

Elite Business Bay Residence is an apartment building completed in 2021 in Business Bay. 777 sales are registered with the Dubai Land Department.

Pinned from Google's place record for the registered name.Open in Google Maps

The building, as registered

Service charge
AED 15.07/sqft a year · 2025 budget
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

Elite Business Bay Residence: AED 1,390 per sq ft, 32% below the median Business Bay building, and a 7.9% gross yield, above the area's median building

The building's own figures against its area's registered market, last twelve months.

Price per sq ft

Median registered sale price, AED per sq ft, last 12 months

  1. Elite Business Bay ResidenceAED 1,390
  2. Business Bay, readyAED 1,869
  3. Business Bay, off-planAED 2,685
  4. Dubai, readyAED 1,421
Dark: this building. Grey: the area's ready and off-plan medians, and Dubai's ready median. Source: DLD registered sales.

Gross yield against the area's buildings

Axis: gross yield, % of price

Elite Business Bay ResidenceBusiness Bay median building

  1. Business Bay7.9% vs 6.6%
Line: the 10th to 90th percentile of 87 buildings in Business Bay. Gross: before service charge, vacancy and fees. Sources: DLD, Ejari.

Upcoming supply in Business Bay, by handover quarter

Nearby in Business Bay

Every building in Business Bay →
Prices per sq ft around Elite Business Bay Residence, on the map
Pills show median sale price, AED. 119 buildings pinned from Google place records and Apple geocoding · Elite Business Bay Residence is the inverted pinOpen in Apple Maps
Satellite view of Peninsula Four, Business Bay, Dubai, centred on its registered pin. Apple Maps.

Peninsula Four

Business Bay · 215 sales, 12 months

2.04M

AED, resale median · 2,517/sqft

Satellite view of Al Habtoor Tower, Business Bay, Dubai, centred on its registered pin. Apple Maps.

Al Habtoor Tower

Business Bay · 205 sales, 12 months

3.44M

AED, resale median · 2,733/sqft

Satellite view of Peninsula Three, Business Bay, Dubai, centred on its registered pin. Apple Maps.

Peninsula Three

Business Bay · 164 sales, 12 months

1.74M

AED, resale median · 2,656/sqft

Satellite view of Regalia By Deyaar, Business Bay, Dubai, centred on its registered pin. Apple Maps.

Regalia By Deyaar

Business Bay · 105 sales, 12 months

1.28M

AED, resale median · 1,782/sqft

Before you decide

The facts that can change the return, each with the date it rests on.

Rent or buy

What owning a studio here costs against renting it, at stated assumptions you can change.

Monthly cost of owning against renting, with your own deposit and rate

Prefilled from Elite Business Bay Residence’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.

Residency
More assumptions

The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.

Monthly mortgage
3,224AED
4.5% over 25 years
Monthly rent
4,500AED
AED 54,000 a year
Cash needed at purchase
203,675AED
20% down plus AED 58,675 in fees

Owning costs AED 203,679 less than renting over 5 years, once the sale is counted.

Buying overtakes renting in year 2.

Cumulative cost by year: renting (solid) against owning net of a sale that year (dashed), at the assumptions above.

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Common questions

What is the rental yield in Elite Business Bay Residence?
Elite Business Bay Residence returns 7.5% gross: a median new-contract rent of AED 54,000 a year (180 Ejari contracts in 12 months) over a price benchmark of AED 725,000 (median of 31 sales in the last 12 months, latest Sept 2026), before service charge, agency fees or vacant months.
How much does a studio in Elite Business Bay Residence cost?
The median registered sale price is AED 725,000 (1,451 AED/sqft), from 31 Dubai Land Department sales in the last 12 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 12 months have a median of 1,451 AED/sqft, across 31 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around 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 31 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
How does Elite Business Bay Residence compare with Business Bay?
Its 7.5% gross yield sits +0.6 pts against the Business Bay median of 6.8%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.

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Elite Business Bay Residence sale record

Record type
Building-level property market record
Data date
· refreshed
Evidence base
31 registered sales 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
/sale/apartments/dubai/business-bay/elite-business-bay-residence
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Elite Business Bay Residence sale prices and yield.” Business Bay, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/business-bay/elite-business-bay-residence

Stable dataJSON