PropertyIndex

Elite Business Bay Residence

Completed · Q1 2021|540 units · 1 tower

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Elite Business Bay Residence is a completed apartment development by RANGE 4 DEVELOPMENTS L.L.C in Business Bay, comprising 540 registered units. 768 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,511 per sqft. At AED 1,511 per sqft, Elite Business Bay Residence prices 38% below the Business Bay average of AED 2,432 per sqft on registered sales.

PIX© price · 1.4% YoY
1.17MAED
Typical
1,511AED
PSF
Gross yield
6.1%
PIX© rent ÷ PIX© price
Sale records
768
DLD · all time
Rent contracts
1,980
Ejari · all time
Elite Business Bay Residence

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
358 – 2,191 sqft
5401.17M1,5111.4%71K6.1%
Residential
Studio · Apartment
401 – 609 sqft
322
1 Bed · Apartment
811 – 934 sqft
115
2 Bed · Apartment
1,309 – 1,343 sqft
46
4 Bed · Apartment
2,168 – 2,191 sqft
46
Commercial
Office
Shop
358 – 887 sqft
11
Sales — Project-Wide768 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DatePositionSizePricePSFvs Prior SaleTierType
14 Aug 2026Floor 1480787,5001,641+21.2%PremiumStandard Sale
7 Aug 2026Floor 18498800,0001,605+30.1%StandardStandard Sale
31 Jul 2026Floor 2495718,0001,451+11.3%Entry LevelStandard Sale
Rentals — Project-Wide1,980 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 789 rentals
Floors 1-9 · 283 rentals
Floor 10 · 39 rentals
Floors 11-23 · 467 rentals
Latest contracts
Start DatePositionSizeRent / YrRent PSFvs Prior RentTierType
29 Sep 202650358,000115Standardrenewal
27 Aug 202650668,000134Premiumrenewal
15 Aug 2026Floor 2149259,912122-24.4%Standardnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Business Bay

The closest-priced registered projects in Business Bay.

Common questions about Elite Business Bay Residence

Answered from Dubai Land Department registered transactions.

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

Property in Elite Business Bay Residence sells at a current PIX© price of AED 1,511 per sqft, or about AED 1,171,496 for a typical unit, based on 768 sales registered with the Dubai Land Department.

Is Elite Business Bay Residence completed?

Yes. Elite Business Bay Residence is recorded as completed in the Dubai Land Department project register (completed q1 2021).

Who is the developer of Elite Business Bay Residence?

Elite Business Bay Residence is developed by RANGE 4 DEVELOPMENTS L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Elite Business Bay Residence?

Elite Business Bay Residence yields 6.1% gross, calculated from current PIX© rent against current PIX© sale price, across 1,980 registered Ejari contracts.

How many units are in Elite Business Bay Residence?

Elite Business Bay Residence holds 540 registered units, per the Dubai Land Department unit register.

Have prices in Elite Business Bay Residence gone up or down?

Price per sqft has fallen -1.4% over the last 12 months, to AED 1,511, across 768 registered sales.