Elite Business Bay Residence, Business Bay: sale prices and transactions
Elite Business Bay Residence is a project registered with the Dubai Land Department (project no. 1868) in Business Bay. Since October 2017, 788 residential sales have been registered there, the latest in September 2026. Over the last 12 months, 49 sales closed at a median AED 14,977 per m² (AED 1,391 per sq ft).
- AED 14,977median price per m²
- AED 1,391median price per sq ft
- 788sales since 2017
- 49sales in 12 months
- +0.4%change year on year
Its price per m² is 41.3% below the Business Bay median (AED 25,523/m²). 81% of sales are completed homes: an established project with a resale track record.
Elite Business Bay Residence prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · Studio | 31 | AED 725,000 | 45 m² |
| Apartment · 1 bedroom | 10 | AED 1,230,000 | 85 m² |
| Apartment · 2 bedrooms | 3 | AED 1,900,000 | 122 m² |
| Apartment · 4 bedrooms | 5 | AED 2,661,200 | 203 m² |
Elite Business Bay Residence price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 16 | AED 15,304 | AED 1,422 | — |
| 2020 | 101 | AED 12,624 | AED 1,173 | -17.5% |
| 2021 | 377 | AED 12,121 | AED 1,126 | -4% |
| 2022 | 52 | AED 13,177 | AED 1,224 | +8.7% |
| 2023 | 87 | AED 14,031 | AED 1,304 | +6.5% |
| 2024 | 43 | AED 15,264 | AED 1,418 | +8.8% |
| 2025 | 48 | AED 14,320 | AED 1,330 | -6.2% |
| 2026 (to mid-October) | 26 | AED 15,790 | AED 1,467 | +10.3% |
Elite Business Bay Residence rents
409 Ejari contracts started in the project over the last 12 months. Indicative gross yield: studio 7.6%, 1 bedroom 6.5%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · Studio | 280 | AED 55,000 | 50,000 – 62,000 | AED 53,769 |
| Apartment · 1 bedroom | 81 | AED 80,000 | 75,000 – 85,000 | AED 75,000 |
| Apartment · 2 bedrooms | 23 | AED 120,000 | 105,000 – 130,000 | AED 115,000 |
| Apartment · 4 bedrooms | 25 | AED 172,500 | 157,500 – 194,625 | AED 160,000 |
Location
- Nearest metro: Business Bay Metro Station
- Shopping mall: Dubai Mall
- Landmark: Downtown Dubai
Neighbouring projects in Business Bay
Same price per m² elsewhere in Dubai
- Safi Townhouses, Town Square — AED 14,976/m²
- Dubai Star, DMCC Master Community — AED 14,978/m²
- Golden Woods Albab Views, Dubai South Residential District — AED 14,974/m²
- Luminar Tower 2, Jumeirah Village Triangle — AED 14,981/m²
Other projects in Business Bay
- The Vogue — AED 14,983/m²
- The Residence at Business Central — AED 15,129/m²
- Fair View Residency — AED 14,783/m²
- DAMAC Towers by Paramount — AED 15,199/m²
- Avanti Tower — AED 15,234/m²
- Mayfair Tower — AED 15,318/m²
- Bay Square — AED 15,393/m²
- Executive Bay B — AED 15,418/m²
Business Bay property prices · Business Bay rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at Elite Business Bay Residence?
Over the last 12 months the median is AED 1,391 per sq ft (AED 14,977 per m²) across 49 DLD sales.
How much is a studio at Elite Business Bay Residence?
Median sale price AED 725,000 for a median 45 m², across 31 sales over the last 12 months.
How many sales have been registered at Elite Business Bay Residence?
788 residential sales registered with the DLD between October 2017 and September 2026, 19% of them off-plan.
Where is Elite Business Bay Residence?
In Business Bay, Dubai; nearest metro station per the DLD: Business Bay Metro Station.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.