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Elite Business Bay Residence rent: what tenants really pay
Rent in Elite Business Bay Residence, Business Bay: Studio AED 54,000, 1-bed AED 75,000, 2-bed AED 112,500, 3-bed AED 160,000 a year. These are medians of 415 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a Studio here is AED 112, against AED 136 across Business Bay. About 86 homes here are advertised for rent now.
Updated 21 Oct 2026 · Source: Dubai Land Department Ejari leases and listing-site adverts · Method
“Elite Business Bay Residence: value at AED 112 a sq ft against the Business Bay median of 136. Ask the agent what the last tenant signed, then use the table below.”
Know the rent before you sign
What tenants in this building really paid, what landlords ask, and how hard to push.
What the leases say about Elite Business Bay Residence
- Per sq ft, a Studio here costs 18% less than the Business Bay median: AED 112 against AED 136. It is number 5 of 47 Business Bay buildings, cheapest first.
- Homes here are bigger than usual. The median Studio here is 495 sq ft. That is 8% above the Business Bay median of 459 sq ft.
- New Studio tenants pay AED 54,000, renewing tenants AED 57,000. For the same home, renewing is more expensive than moving in: a new tenant pays 6% less.
- New-lease rent per sq ft fell 14% on the year, to AED 102 a sq ft.
- About 86 homes are advertised for rent against 415 leases signed in a year: a normal amount of choice.
- 67 leases end in the next 60 days, so more homes may become available soon.
Rent in Elite Business Bay Residence by bedrooms
AED a year, medians. Signed: Ejari leases 16 Oct 2025–15 Oct 2026. Asking: adverts on 16 Oct 2026, matched by building name.
| Home | New lease | Renewal | Asking | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|---|---|
| Studio | 54,000 | 57,000 | 55,000 | 495 | 112 | 285 |
| 1-bed | 75,000 | 80,000 | 79,999 | 907 | 91 | 82 |
| 2-bed | 112,500 | – | 115,000 | 1,343 | 89 | 23 |
| 3-bed | 160,000 | – | – | 2,189 | 79 | 25 |
Where Elite Business Bay Residence is, and the buildings around it
We do not hold the exact position of Elite Business Bay Residence yet; the map shows Business Bay.
Click a building to see its rents. Rents shown are median new leases, 16 Oct 2025–15 Oct 2026.
Finding
A new Studio tenant in Elite Business Bay Residence pays 6% less than a renewing one for the same home.
New lease against renewal: same building, same bedrooms, size within 15%
- For a Studio in this building, new tenants pay less than renewing tenants.
- If you renew, ask for the new-lease price.
- The renewal figure shows what the landlord accepts from tenants he wants to keep.
- Renew or move →
Finding
New-lease rent per sq ft in Elite Business Bay Residence fell 14% on the year.
Median new lease, AED a sq ft, by quarter
AED 102 a sq ft in the 12 months to 15 Oct 2026, against AED 117 the year before. Quarters with fewer than 10 new leases are left out of the chart.
Supply
67 leases in Elite Business Bay Residence end in the next 60 days.
Leases ending soon: homes that may become available
Some will renew, some will come back to the market. More homes free means more room to negotiate. Ask agents about units with a lease ending soon.
Compare: other Business Bay buildings, Studio
| Building | New lease | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|
| Bay's Edge | 53,500 | 426 | 131 | 32 |
| Executive Bay B | 55,000 | 462 | 119 | 43 |
| The Vogue | 55,000 | 434 | 130 | 52 |
| Scala Tower | 55,000 | 482 | 120 | 17 |
| Capital Bay A | 55,200 | 541 | 108 | 74 |
| Bayz Tower | 52,000 | 408 | 135 | 161 |
| Safeer Tower 1 | 56,000 | 455 | 128 | 63 |
| Majestine | 58,000 | 479 | 120 | 182 |
Buying in Business Bay? Sale prices, every tower, resale and off-plan: Business Bay on BUY DUBAI →
Questions
How much is rent in Elite Business Bay Residence?
Rent in Elite Business Bay Residence, Business Bay: Studio AED 54,000, 1-bed AED 75,000, 2-bed AED 112,500, 3-bed AED 160,000 a year. These are medians of 415 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a Studio here is AED 112, against AED 136 across Business Bay. About 86 homes here are advertised for rent now.
How much is a studio in Elite Business Bay Residence?
The median rent for a new Studio lease in Elite Business Bay Residence is AED 54,000 a year (AED 4,500 a month). The median size is 495 sq ft. This is from 180 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 1 bedroom in Elite Business Bay Residence?
The median rent for a new 1-bed lease in Elite Business Bay Residence is AED 75,000 a year (AED 6,250 a month). The median size is 907 sq ft. This is from 41 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 2 bedroom in Elite Business Bay Residence?
The median rent for a new 2-bed lease in Elite Business Bay Residence is AED 112,500 a year (AED 9,375 a month). The median size is 1,343 sq ft. This is from 16 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 3 bedroom in Elite Business Bay Residence?
The median rent for a new 3-bed lease in Elite Business Bay Residence is AED 160,000 a year (AED 13,333 a month). The median size is 2,189 sq ft. This is from 18 new leases, 16 Oct 2025–15 Oct 2026.
Is it cheaper to renew or move in Elite Business Bay Residence?
For a Studio, new tenants pay a median AED 54,000 and renewing tenants AED 57,000. For the same home, a new tenant pays 6% less.
Is rent going up in Elite Business Bay Residence?
Rent per sq ft on new leases in Elite Business Bay Residence: AED 102 in the 12 months to 15 Oct 2026, against AED 117 the year before.
What are the alternatives to Elite Business Bay Residence in Business Bay?
Similar rent for a Studio: Bay's Edge AED 53,500, Executive Bay B AED 55,000, The Vogue AED 55,000, Scala Tower AED 55,000.
How we worked it out, and the limits
Updated 21 Oct 2026. Source: Dubai Land Department Ejari rent contracts. We use homes only, one unit for each contract, starting 16 Oct 2025–15 Oct 2026. "New" is a new tenant or a new contract. "Renewal" is the same contract, renewed. Bedrooms come from the Ejari unit type. "3 bed" means 3 or more. Every rent is a median: half the leases are above it. A figure needs 10 or more leases. A page needs 30 or more.
This building. Leases are matched by the Ejari project name "ELITE BUSINESS BAY RESIDENCE". 415 leases 16 Oct 2025–15 Oct 2026, 255 new. First leases in our records: 2024. Adverts are matched by name and may include a neighbouring building.
Full method: What the leases say → · Checking a rent rise? Rent increase calculator →
Sale prices, resale and off-plan, tower facts and developer photos: BUY DUBAI, our sister site for buyers. Rents: Dubai Land Department Ejari leases.