Unit 1119, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 1119 at Elite Business Bay Residence is a studio of 508 sq ft. It last sold for AED 620,000 on 14 Nov 2022. At AED 1,482 per sq ft, from 33 sales in the building in the last 12 months (studio), it is worth about AED 753,000 today.

Value todayAED 753,000AED 583,000 to AED 821,000
Last saleAED 620,00014 Nov 2022 · Resale
Change since last sale+21.5%Building trend alone: AED 700,187
Rent (median asking, studio)AED 54,450Gross yield 7.2%
Bedroomsstudio
Size508 sq ft
Floor11 (from the unit number)
Position in the towerStack 19: units ending 19 share the same layout and view
BuildingElite Business Bay Residence by Ellington Properties, handed over 2020
Registered sales of this unit2

Every registered sale of unit 1119

DatePriceSizeAED/sq ftType
14 Nov 2022AED 620,000508 sq ft1,220Resale
6 Oct 2021AED 616,500508 sq ft1,214Resale

Units ending 19 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
171925 Sep 2025AED 815,000508 sq ft1,604Resale
201919 Apr 2023AED 750,000508 sq ft1,476Resale
31914 Nov 2022AED 605,000506 sq ft1,196Resale
3196 Oct 2021AED 594,900506 sq ft1,176Resale
221929 Jun 2021AED 650,000508 sq ft1,280Resale
231929 Jun 2021AED 590,000508 sq ft1,161Resale
211923 Jun 2021AED 580,000508 sq ft1,142Resale
20193 Jun 2021AED 565,000508 sq ft1,112Resale

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 (508 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 700,187. 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 1119 at Elite Business Bay Residence worth?

About AED 753,000 (range AED 583,000 to AED 821,000), based on AED 1,482 per sq ft from registered sales up to 22 Sep 2026.

When did unit 1119 last sell?

14 Nov 2022, for AED 620,000 (resale). It has 2 registered sales.

What rent can unit 1119 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 7.2% on the estimate.

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

Unit 1118 · Unit 1120