YOUR GUIDE TO SMARTER, HIGHER-EARNING PROPERTY MANAGEMENT
Short Term Rentals in Elite Business Bay Residence
A 27-storey residential tower on Marasi Drive in Business Bay, developed by Triplanet Group and completed in 2020: location, amenities, pricing, and real short-term rental income data from Royale Stays' managed portfolio.
Floors
27
Developer
Triplanet Group
Completed
2020
Units
Studio-4BR
Area
Business Bay
About Elite Business Bay Residence
Elite Business Bay Residence is a 27-storey freehold residential tower on Marasi Drive Street in Business Bay, Dubai, developed by Triplanet Group (recorded in some property records as Triplanet Range Group) and completed in 2020. The building offers studio, one, two and four-bedroom apartments, and its amenities include multiple swimming pools, a fully-equipped gym and a children's play area.
Business Bay itself is a mixed-use community of high-rise towers, retail units and restaurants connected to the rest of Dubai mainly via Sheikh Zayed Road (E11) and Al Khail Road (E44). Elite Business Bay Residence's total unit count has not been independently confirmed or publicly disclosed, so no specific number is stated here as fact.
Location & Nearby Landmarks
Elite Business Bay Residence sits on Marasi Drive Street in Business Bay, within around a 9-minute drive of Safa Park, a family-friendly park with a kids' play area and gardens. Dubai Bowling Centre is roughly a 10-minute drive away, and OliOli Dubai, a popular kids' attraction, is about an 11-minute drive from the building. For the wider district picture, see Royale Stays' guide to Airbnb management across Business Bay.
Nearby buildings include West Wharf Tower, AG Tower and Millennium Atria, all within the same stretch of Business Bay. Owners comparing buildings in the area may also find it useful to look at other Business Bay towers Royale Stays has covered: DAMAC Reva Residences, Meera Tower and Aykon City Tower B, all elsewhere in Business Bay.
Unit Types
Elite Business Bay Residence offers studio, one, two and four-bedroom apartments. Studios range from around 505 to 605 square feet, each with a bathroom, a kitchen and a balcony. One-bedroom apartments cover roughly 907 square feet and include an ensuite bathroom, a separate guest bathroom, a living and dining area, a kitchen and a balcony.
Two-bedroom apartments run to about 1,309 square feet, adding a second ensuite bathroom alongside the guest bathroom, living and dining area, kitchen and balcony. The four-bedroom apartments are the largest in the building at around 2,189 square feet, with five bathrooms plus the living and dining area, kitchen and balcony. No floor-plan diagrams are included here: floor plans are typically the developer's or broker's proprietary material and have not been independently verified for this guide.
Amenities
Elite Business Bay Residence's gym has separate spaces for men and women, plus a jacuzzi, sauna and steam room. A temperature-controlled swimming pool and a separate kids' pool sit alongside a children's play area and a prayer room. The basement floor and three podium levels are dedicated to parking, and the building has multiple elevators, 24-hour CCTV surveillance, regular maintenance services and concierge staff in the lobby to welcome guests and visitors.
Transportation & Access
Al Khail Road (E44) is about a 3-minute drive from Elite Business Bay Residence, and Sheikh Zayed Road (E11) is roughly a 7-minute drive away. XL Tower Bus Stop 1, serviced by buses 26, F14, F19A and X22, is around a 1-minute walk from the building, and Business Bay Metro Station on the Red Line of the Dubai Metro is about a 9-minute drive away. Taxis are also readily available throughout Business Bay.
Rental & Price Trends
Royale Stays has not independently confirmed rents specific to Elite Business Bay Residence in this pass, so the figure below describes Business Bay's rental market at an area level rather than this particular tower. Per Bayut's reporting, the average Business Bay apartment rent reached AED 128,021 per year in 2025, up 18.2 percent year-on-year.
Service charges for Elite Business Bay Residence have not been confirmed via the Dubai Land Department's Mollak index in this pass: broker-reported estimates from portals such as Bayut and fam Properties put Business Bay's general range at approximately AED 24 to 25 per square foot per year, though this figure should be treated as indicative rather than an authoritative Mollak-sourced number. Owners weighing a specific unit's earning potential can run their own numbers through Royale Stays' Dubai property ROI calculator.
Airbnb / Short-Term Rental Income Potential
Short-term letting anywhere in Dubai, including at Elite Business Bay Residence, runs through a DTCM (Department of Economy and Tourism) holiday home permit, the same licensing requirement that applies regardless of building or area. An owner considering Airbnb at Elite Business Bay Residence would need to hold that permit before listing a unit, in addition to confirming the building's own short-term letting policy. Royale Stays' guide to the Dubai holiday home permit covers what the process and fees generally involve.
Short-term demand for Elite Business Bay Residence is not purely theoretical: Deluxe Holiday Homes runs a dedicated building page with active studio listings under the building name, priced from around AED 253 to 518 a night, and Elite LUX Holiday Homes also operates furnished rentals across Business Bay. Royale Stays does not currently hold Elite Business Bay Residence-specific booking data of its own, so no building-specific nightly-rate or occupancy figure is stated here as fact.
For an owner weighing whether Airbnb makes sense for a unit at Elite Business Bay Residence, the practical starting points are the same as anywhere else in Business Bay: confirming the building's short-term letting policy, applying for the DTCM permit, and pricing the unit competitively against comparable Business Bay listings. Royale Stays manages the full furnishing, photography, pricing, check-in and guest communications process for owners who prefer not to handle it directly, and our guide to what separates a strong Airbnb management company from a weak one sets out what to look for when comparing operators. Owners ready to move forward can submit their property for a management review to get a clearer read on its Airbnb potential.
Income context reflects Royale Stays' own managed-portfolio experience across Business Bay, reviewed by Chris Veinbaums, DTCM-licensed operator.
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