Unit 104, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 104 at Elite Business Bay Residence is a studio of 506 sq ft. It last sold for AED 765,000 on 11 Sep 2024. At AED 1,482 per sq ft, from 33 sales in the building in the last 12 months (studio), it is worth about AED 750,000 today.

Value todayAED 750,000AED 581,000 to AED 818,000
Last saleAED 765,00011 Sep 2024 · Resale
Change since last sale-2.0%Building trend alone: AED 704,283
Rent (median asking, studio)AED 54,450Gross yield 7.3%
Bedroomsstudio
Size506 sq ft
Floor1 (from the unit number)
Position in the towerStack 04: units ending 04 share the same layout and view
BuildingElite Business Bay Residence by Ellington Properties, handed over 2020
Registered sales of this unit3

Every registered sale of unit 104

DatePriceSizeAED/sq ftType
11 Sep 2024AED 765,000506 sq ft1,512Resale
4 Oct 2022AED 566,000506 sq ft1,119Resale
10 Dec 2020AED 515,000506 sq ft1,018Resale

Units ending 04 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
19042 Sep 2026AED 750,000506 sq ft1,482Resale
160421 Dec 2023AED 715,000506 sq ft1,413Resale
11049 Jan 2023AED 645,000506 sq ft1,275Resale
120414 Nov 2022AED 620,000506 sq ft1,225Resale
18048 Nov 2022AED 670,000506 sq ft1,324Resale
120411 Oct 2021AED 619,200506 sq ft1,224Resale
180423 Sep 2021AED 615,000506 sq ft1,215Resale
20044 Aug 2021AED 580,000506 sq ft1,146Resale

Latest studio sales in Elite Business Bay Residence

UnitDatePriceSizeAED/sq ftType
200622 Sep 2026AED 760,000498 sq ft1,526Resale
19042 Sep 2026AED 750,000506 sq ft1,482Resale
162319 Aug 2026AED 830,000495 sq ft1,677Resale
10314 Aug 2026AED 787,500480 sq ft1,641Resale
18067 Aug 2026AED 800,000498 sq ft1,606Resale
22331 Jul 2026AED 718,000495 sq ft1,451Resale
72026 Jun 2026AED 730,000503 sq ft1,451Resale
30222 May 2026AED 725,000480 sq ft1,510Resale

How we worked out the value

We took the 33 sales in Elite Business Bay Residence in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,482). We multiplied it by the size of this unit (506 sq ft). The range uses the middle half of those sales (AED 1,148 to AED 1,616 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 704,283. Floor, view, condition and upgrades can move the price either way. Sales data to 22 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 104 at Elite Business Bay Residence worth?

About AED 750,000 (range AED 581,000 to AED 818,000), based on AED 1,482 per sq ft from registered sales up to 22 Sep 2026.

When did unit 104 last sell?

11 Sep 2024, for AED 765,000 (resale). It has 3 registered sales.

What rent can unit 104 make?

A studio in Elite Business Bay Residence rents for about AED 54,450 a year (median asking rent). That is a gross yield of 7.3% on the estimate.

Sales alert for Elite Business Bay ResidenceAll sales in Elite Business Bay Residence

Unit 103 · Unit 106