Unit 1214, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 1214 at Elite Business Bay Residence is a 1 bed of 907 sq ft. It last sold for AED 890,000 on 14 Dec 2022. At AED 1,268 per sq ft, from 5 sales of units ending 14 (same position in the tower), it is worth about AED 1,150,000 today.

Value todayAED 1,150,000AED 1,150,000 to AED 1,150,000
Last saleAED 890,00014 Dec 2022 · Resale
Change since last sale+29.2%Building trend alone: AED 1,010,986
Rent (median asking, 1 bed)AED 80,000Gross yield 7.0%
Bedrooms1 bed
Size907 sq ft
Floor12 (from the unit number)
Position in the towerStack 14: units ending 14 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 1214

DatePriceSizeAED/sq ftType
14 Dec 2022AED 890,000907 sq ft981Resale
28 Dec 2020AED 820,000907 sq ft904Resale

Units ending 14 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
11415 May 2026AED 1,260,000907 sq ft1,389Resale
21417 Sep 2025AED 1,150,000907 sq ft1,268Resale
19147 Jul 2025AED 1,150,000907 sq ft1,268Resale
11413 Feb 2025AED 800,000907 sq ft882Resale
131420 Dec 2024AED 1,150,000907 sq ft1,268Resale
131427 Feb 2024AED 1,180,000907 sq ft1,301Resale
4147 Dec 2023AED 1,203,787907 sq ft1,327Resale
5147 Dec 2023AED 1,201,641907 sq ft1,325Resale

Latest 1 bed sales in Elite Business Bay Residence

UnitDatePriceSizeAED/sq ftType
11415 May 2026AED 1,260,000907 sq ft1,389Resale
2117 Apr 2026AED 1,125,000853 sq ft1,319Resale
231131 Mar 2026AED 1,200,000853 sq ft1,407Resale
12123 Feb 2026AED 1,850,000934 sq ft1,981Resale
7127 Jan 2026AED 1,300,000934 sq ft1,392Resale
1126 Jan 2026AED 1,130,000934 sq ft1,210Resale
21325 Dec 2025AED 1,062,878933 sq ft1,139Resale
81218 Dec 2025AED 1,300,000934 sq ft1,392Resale

How we worked out the value

We took the 5 resale sales of units ending 14 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,268). We multiplied it by the size of this unit (907 sq ft). The range uses the middle half of those sales (AED 1,268 to AED 1,268 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,010,986. 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 1214 at Elite Business Bay Residence worth?

About AED 1,150,000 (range AED 1,150,000 to AED 1,150,000), based on AED 1,268 per sq ft from registered sales up to 22 Sep 2026.

When did unit 1214 last sell?

14 Dec 2022, for AED 890,000 (resale). It has 2 registered sales.

What rent can unit 1214 make?

A 1 bed in Elite Business Bay Residence rents for about AED 80,000 a year (median asking rent). That is a gross yield of 7.0% on the estimate.

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

Unit 1213 · Unit 1215