Unit 1220 at Elite Business Bay Residence is a studio of 503 sq ft. It last sold for AED 500,000 on 22 Oct 2020. At AED 1,590 per sq ft, from 3 sales of units ending 20 (same position in the tower), it is worth about AED 800,000 today.
| Bedrooms | studio |
|---|---|
| Size | 503 sq ft |
| Floor | 12 (from the unit number) |
| Position in the tower | Stack 20: units ending 20 share the same layout and view |
| Building | Elite Business Bay Residence by Ellington Properties, handed over 2020 |
| Registered sales of this unit | 1 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 22 Oct 2020 | AED 500,000 | 503 sq ft | 994 | Off-plan |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 720 | 26 Jun 2026 | AED 730,000 | 503 sq ft | 1,451 | Resale |
| 2120 | 6 Feb 2026 | AED 800,000 | 503 sq ft | 1,590 | Resale |
| 1020 | 31 Oct 2025 | AED 855,000 | 503 sq ft | 1,700 | Resale |
| 2120 | 17 Sep 2024 | AED 830,000 | 503 sq ft | 1,650 | Resale |
| 1320 | 26 Apr 2024 | AED 800,000 | 503 sq ft | 1,590 | Resale |
| 2120 | 21 Aug 2023 | AED 760,000 | 503 sq ft | 1,511 | Resale |
| 1920 | 6 Jun 2023 | AED 750,000 | 503 sq ft | 1,491 | Resale |
| 1020 | 5 Dec 2022 | AED 645,000 | 503 sq ft | 1,282 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 2006 | 22 Sep 2026 | AED 760,000 | 498 sq ft | 1,526 | Resale |
| 1904 | 2 Sep 2026 | AED 750,000 | 506 sq ft | 1,482 | Resale |
| 1623 | 19 Aug 2026 | AED 830,000 | 495 sq ft | 1,677 | Resale |
| 103 | 14 Aug 2026 | AED 787,500 | 480 sq ft | 1,641 | Resale |
| 1806 | 7 Aug 2026 | AED 800,000 | 498 sq ft | 1,606 | Resale |
| 223 | 31 Jul 2026 | AED 718,000 | 495 sq ft | 1,451 | Resale |
| 720 | 26 Jun 2026 | AED 730,000 | 503 sq ft | 1,451 | Resale |
| 302 | 22 May 2026 | AED 725,000 | 480 sq ft | 1,510 | Resale |
We took the 3 resale sales of units ending 20 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,590). We multiplied it by the size of this unit (503 sq ft). The range uses the middle half of those sales (AED 1,521 to AED 1,645 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 698,388. Floor, view, condition and upgrades can move the price either way. Sales data to 22 Sep 2026, from the Dubai Land Department register.
About AED 800,000 (range AED 765,000 to AED 828,000), based on AED 1,590 per sq ft from registered sales up to 22 Sep 2026.
22 Oct 2020, for AED 500,000 (off-plan). It has 1 registered sale.
A studio in Elite Business Bay Residence rents for about AED 54,450 a year (median asking rent). That is a gross yield of 6.8% on the estimate.
Sales alert for Elite Business Bay ResidenceAll sales in Elite Business Bay Residence