Elite Business Bay Residence

P1 — Delivered Ready Primary
Developer Range 4 Development LLC
Community Business Bay
Property type Apartment
Data updated Mar 31, 2026

Elite Business Bay Residence is a Delivered development by Range 4 Development LLC in Business Bay. 529 units across Studio (61%), 1 Bedroom (22%), 2 Bedroom (9%). Over the trailing 12 months, 772 sales at a median of AED 820,000.

Key Metrics
Median Price
Value
AED 820,000
Change
10.5% YoY
Transactions
Value
772
Change
51 in period
Price / sqft
Value
AED 1,391
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 820,000
↓ 10.5% YoY
Transactions
772
↑ 51 in period
Price / sqft
AED 1,391
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
18.1%
Holding Period
Value
2.2 yrs
Liquidity
Value
9.6%
Price Dispersion
Value
16.1%
Ready Market Mix
Value
33.3%
Rental Activity
Value
66.7%
Capital Return
18.1%
Holding Period
2.2 yrs
Liquidity
9.6%
Price Dispersion
16.1%
Ready Market Mix
33.3%
Rental Activity
66.7%

Rental Performance

Rental Volume
Value
1,820
Avg Annual Rent
Value
AED 73,851
New Leases
Value
74.2%
Renewals
Value
25.8%
Rental Volume
1,820
Avg Annual Rent
AED 73,851
New Leases
74.2%
Renewals
25.8%

Unit Mix

By bedroom type
Studio 322 units · 61%
1 Bedroom 115 units · 22%
2 Bedroom 46 units · 9%
4 Bedroom 46 units · 9%

Transaction Breakdown

All time — 772 transactions
Off-Plan Primary
150
Ready Primary
371
Ready Secondary
251

Price History

Median Price — Elite Business Bay Residence

Median prices in Elite Business Bay Residence have declined significantly, down 27% to AED 830K over the past 12 months.

Recent Transactions

Showing last 10 of 772
Date Type Price (AED) Size (sqft) AED/sqft
Mar 31, 2026 RP Secondary 1,200,000 853 1,406
Mar 31, 2026 RP Secondary 800,000 400 1,996
Mar 25, 2026 RP Primary 830,000 475 1,746
Feb 18, 2026 RP Secondary 2,250,000 1,309 1,718
Feb 06, 2026 RP Secondary 800,000 503 1,589
Feb 03, 2026 RP Secondary 1,850,000 934 1,980
Jan 28, 2026 RP Secondary 780,000 500 1,558
Jan 26, 2026 RP Secondary 795,000 492 1,615
Jan 07, 2026 RP Secondary 1,300,000 934 1,391
Jan 06, 2026 RP Secondary 1,130,000 934 1,209

This project is in Business Bay

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