Elite Business Bay Residence in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Elite Business Bay Residence

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	45	12,724	568,509
1	87	13,621	1,181,439

Rents in Elite Business Bay Residence

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	46	1,392	63,432
1	87	1,017	88,500
2	124	992	122,500

The cap rate (rental yield) of investments into Elite Business Bay Residence project is 9.3% on average.

The price of an apartment in Elite Business Bay Residence is 12,909 AED/sqm on average.

The long term rent of an apartment in Elite Business Bay Residence is 1,195 AED/sqm/year on average.

Price for completed Studio apartment in Elite Business Bay Residence is 568,509 AED or 12,724 AED/sqm.
Price for completed 1 bedroom apartment in Elite Business Bay Residence is 1,181,439 AED or 13,621 AED/sqm.

Rent for Studio apartment in Elite Business Bay Residence is 63,432 AED or 1,392 AED/sqm.
Rent for 1 bedroom apartment in Elite Business Bay Residence is 88,500 AED or 1,017 AED/sqm.
Rent for 2 bedroom apartment in Elite Business Bay Residence is 122,500 AED or 992 AED/sqm.

About Elite Business Bay Residence

'Elite Business Bay Residence' in 'Business Bay' area project description

Elite Business Bay Residence is a luxurious residential project located in the heart of Dubai’s business district. It is a part of the larger Business Bay development, which is a commercial and residential hub in the city. The project offers a range of high-end apartments, penthouses, and villas, all of which are designed to provide a luxurious lifestyle.

The project is located in the heart of Business Bay, just minutes away from the iconic Dubai Canal, the world’s largest man-made canal. It is also close to the Burj Khalifa, the world’s tallest building, and the Dubai Mall, the world’s largest shopping mall. The project is also close to the Dubai Metro, making it easy to get around the city.

Elite Business Bay Residence offers a range of amenities and facilities for its residents. These include a fully-equipped gym, a swimming pool, a spa, a sauna, and a steam room. There is also a children’s play area, a business center, and a variety of restaurants and cafes. Residents can also enjoy the stunning views of the city from the rooftop terrace.

The apartments and villas at Elite Business Bay Residence are designed to provide a luxurious lifestyle. The apartments come in a range of sizes and styles, from studios to four-bedroom units. The villas are spacious and come with private gardens and swimming pools. All of the units come with modern fixtures and fittings, and the latest in home automation technology.

Elite Business Bay Residence is a luxurious residential project that offers a range of high-end apartments, penthouses, and villas. It is located in the heart of Business Bay, close to the iconic Dubai Canal and the world’s tallest building, the Burj Khalifa. The project offers a range of amenities and facilities, including a fully-equipped gym, a swimming pool, a spa, a sauna, and a steam room. The apartments and villas are designed to provide a luxurious lifestyle, and all of the units come with modern fixtures and fittings.

Q&A on Elite Business Bay Residence

What are the advantages of 'Elite Business Bay Residence' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Elite Business Bay Residence is located in the heart of Business Bay, one of the most sought-after areas in Dubai. This prime location provides easy access to major business hubs, entertainment centers, and leisure activities.

2. Luxurious Amenities: This project offers a wide range of luxurious amenities, such as a fully-equipped gym, swimming pool, sauna, steam room, Jacuzzi, and much more.

3. High-Quality Construction: Elite Business Bay Residence is built with the highest quality materials and craftsmanship, ensuring that buyers get a luxurious and comfortable living experience.

4. Affordable Prices: The project offers competitive prices, making it an attractive option for real estate buyers.

5. Flexible Payment Plans: Elite Business Bay Residence offers flexible payment plans and financing options, making it easier for buyers to purchase their dream home.

What projects are better than 'Elite Business Bay Residence' project in Dubai which are located close by, and why?

1. The Atria
- Developer: Deyaar Development
- Why Better: Offers a mix of luxury apartments and serviced residences designed by Jasper Sanders. High-quality finishes, panoramic views of the Burj Khalifa and Business Bay.

2. DAMAC Towers by Paramount Hotels & Resorts
- Developer: DAMAC Properties
- Why Better: Iconic Hollywood-themed luxury apartments with five-star hotel services, prime location offering stunning views and easy access to key areas.

3. Millennium Binghatti Residences
- Developer: Binghatti Developers
- Why Better: Distinctive design, high-end finishes, and a host of amenities including swimming pools, a health club, and children’s play areas.

4. The Pad
- Developer: Omniyat
- Why Better: Futuristic design inspired by the iPod, high-tech features, intelligent home automation systems, and a prime waterfront location.

5. Executive Towers
- Developer: Dubai Properties
- Why Better: Part of the larger Bay Avenue complex, offers retail shops, restaurants, and an abundance of green spaces, along with spacious apartments.

6. Ubora Towers
- Developer: Bando Engineering & Construction Co. Ltd and Samsung Corporation
- Why Better: Renowned for its architectural excellence, high-quality fit-outs, and a blend of residential and commercial spaces with easy access to key business spots.

7. Westburry Square
- Developer: DEYAAR
- Why Better: Mix of residential, office, and retail spaces, providing a well-rounded living experience, modern amenities, and great views of the Dubai Canal and Burj Khalifa.

8. SLS Dubai Hotel & Residences
- Developer: World of Wonders Real Estate Development
- Why Better: Ultra-luxury experience, unique design, infinity pools, and unparalleled services and amenities inspired by SLS’s renowned hospitality standards.

9. Noora Tower, Al Habtoor City
- Developer: Al Habtoor Group
- Why Better: Part of the Al Habtoor City mixed-use development, offering unique amenities like the La Perle water show, a plethora of dining options, and resort-style living.

10. Paramount Tower Hotel & Residences
- Developer: DAMAC Properties
- Why Better: Combines the luxury of hotel living with the comforts of home, exceptional facilities, Hollywood-themed lifestyle, renowned for high-quality finishes and amenities.