Elite Business Bay Residence: Full Guide

Elite Business Bay Residence is a furnished apartment tower on Marasi Drive in Business Bay, Dubai. It sits beside the Dubai Water Canal and offers studios, one, two and four bedroom homes, a short drive from Downtown Dubai and The Dubai Mall. If you’re deciding whether to rent or buy here, this guide from Dubai Guided walks you through the location, apartment sizes, amenities, prices and downsides, in plain words.

Business Bay is busy, central and packed with towers. This one stands out because its listings are often priced below the Business Bay average for similar units. That’s the short version. Here’s the full picture.

What Is Elite Business Bay Residence?

Elite Business Bay Residence is a freehold residential tower that was finished in 2020. Agents describe it as roughly two dozen floors above a podium, though the exact floor count changes from one listing to the next. Public listings name Triplanet Range as the developer.

Most apartments here come fully furnished. That suits newcomers to the UAE, people with short notice job moves and anyone who’d rather arrive with two suitcases than a moving truck. Investors like the tower too, because furnished units are easy to list and easy to show.Residents often call Business Bay one of the most central parts of Dubai. They enjoy the Burj Khalifa views and the evening walks along the canal. Many also admit the area gets crowded at peak hour. We’ll cover that honestly below.

Where Is Elite Business Bay Residence Located?

The tower stands on Marasi Drive, on the banks of the Dubai Water Canal. You get quick road access to Sheikh Zayed Road (E11) and Al Khail Road (E44). That matters if you commute to DIFC, Dubai Marina or beyond.

How close is it to the main landmarks?

Agent listings describe Downtown Dubai and The Dubai Mall as about two minutes away by car. Dubai Opera is around five minutes, while DIFC and Dubai International Airport are about fifteen minutes. Bay Avenue Mall is close too, with cafes and restaurants nearby for everyday meals. Treat these timings as a guide. Real journey times depend on the hour.

Can you live here without a car?

You can, but it takes planning. The Business Bay Metro Station is roughly a nine to ten minute drive away, so it isn’t a walk. Residents say buses and taxis work better than the metro because the buildings in the district are spread out. If your office is nearby, you may manage without a car. If it’s further out, test the route before you commit.

What Apartment Types Does Elite Business Bay Residence Offer?

The tower offers studios, one bedroom, two bedroom and four bedroom apartments. The sizes below come from recent 2026 listings, so your unit may differ slightly.

Studios

Recent studio listings measure about 479 to 506 square feet. Most have an open plan layout, a balcony, a built in wardrobe and a small kitchen. Some low floor studios look onto the pool deck rather than the skyline, so ask which view you’re getting.

One bedroom apartments

One bedroom homes measure around 932 square feet. That’s enough room for a couple, with space left over for a work desk. A recent furnished listing asked AED 91,990 a year.

Two bedroom apartments

Two bedroom units measure about 1,309 square feet. Recent rents ran from AED 105,000 to AED 130,000 a year. The gap often comes from the floor, the view and the quality of the furniture. A higher floor with a good view tends to cost more.

Four bedroom apartments

Four bedroom homes are rarer. One recent listing measured 2,168 square feet, with five bathrooms, several balconies and lake and pool views, at AED 154,999 a year. Families who want space without moving to a villa community should look at these first.

What Amenities Come With Elite Business Bay Residence?

Amenities are a big reason people pick this tower. Listings mention temperature controlled pools for adults and children, plus a jacuzzi. There are separate spas for men and women, with steam and sauna rooms. The gym has separate spaces for men and women too.

Outside the pool area you’ll find barbecue spots, a kids’ play area, an outdoor dining area, a running track and a sports court. A community hall is listed as well. For safety, the building has 24 hour security with CCTV, a concierge service and covered parking across the basement and podium levels. Several lifts serve the lobby.

Different agents list slightly different facilities. Before you sign, ask building management what’s open, what’s free and what needs a booking or a fee.

How Much Does It Cost to Rent or Buy at Elite Business Bay Residence?

Rents depend on size, floor and furnishing. Property Finder shows listings in the building from about AED 46,000 to AED 200,000 a year across all unit types. Studios in recent listings sat around AED 54,000 to AED 60,000. One bedroom homes sat near AED 92,000, and two bedrooms ran between AED 105,000 and AED 130,000.

For buyers, a furnished one bedroom was listed at roughly AED 1.25 to 1.3 million. Public transaction data puts the median sale price near AED 1,400 per square foot. Asking prices and real sale prices can differ, so compare both.

Look beyond the headline number. Ask whether utilities and district cooling are included. Check the furniture inventory in writing. If you’re buying, ask for the latest service charge statement.

Is Elite Business Bay Residence a Good Investment?

It can be, but run the numbers yourself. Published rental yield estimates for the tower range from about 6.7 percent to about 9 percent, because each site uses different data. That gap is a reminder to do your own sum.

Here’s a simple example. Take a one bedroom listed for rent at AED 91,990 a year and a similar one listed for sale at AED 1.25 million. Divide the rent by the price and you get a gross yield of about 7.4 percent. That’s before service charges, agent fees and empty months, so your net return will be lower.Furnished apartments on the canal appeal to working professionals. Still, Business Bay has many similar towers, so tenants have plenty of choice. A fair price and a well kept unit matter.

What Are the Pros and Cons of Living in Elite Business Bay Residence?

The biggest plus is the address. You’re near Downtown Dubai, canal walks are on your doorstep and the amenities list is long. Furnished homes make moving easy.

The main downside is traffic. Residents say leaving Business Bay at peak hour can be slow. The metro isn’t walkable either. Views also vary a lot by floor and direction, so two apartments with the same layout can feel very different.

What Should You Check Before You Rent or Buy?

Visit twice. Go once in the morning rush and once around sunset. You’ll learn about traffic, noise and light in a single day.

Check the paperwork. Renters should make sure the tenancy contract is registered through Ejari. Buyers should confirm the title deed details with the Dubai Land Department. On any advert, look for the permit number and confirm the agent is registered with RERA.Finally, walk the unit. Test the air conditioning, the water pressure and every appliance. Count the furniture against the inventory.

FAQs 

Where is Elite Business Bay Residence?

It’s on Marasi Drive in Business Bay, Dubai, beside the Dubai Water Canal.

What apartment types are in Elite Business Bay Residence?

The tower offers studios plus one, two and four bedroom apartments.

Is Elite Business Bay Residence furnished?

Most listings are fully furnished. Always confirm the inventory before you sign.

Is Elite Business Bay Residence freehold?

Listings describe the apartments as freehold. In Dubai, that generally allows foreign buyers to own them. Confirm the details on the title deed.

How far is Elite Business Bay Residence from The Dubai Mall?

Agent listings say about two minutes by car. Traffic can change that.

How much is rent at Elite Business Bay Residence?

Recent listings show studios from about AED 54,000, one bedrooms near AED 92,000 and two bedrooms from AED 105,000 a year. Prices change often.

Does Elite Business Bay Residence have a pool and gym?

Yes. Listings mention temperature controlled pools, a jacuzzi, a gym and separate spas for men and women.

Conclusion

Elite Business Bay Residence gives you a furnished home on the Dubai Water Canal, close to Downtown Dubai, with a long list of amenities. Studios and one, two and four bedroom apartments cover a wide range of budgets. Rents and sale prices vary by floor and view, so compare several units and run your own yield sum. Visit at different times of day, check the Ejari and title papers, and ask about utilities and service charges. For more Dubai neighbourhood guides and local tips, keep exploring with Dubai Guided.