Unit 1403, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 1403 at Elite Business Bay Residence is a studio of 480 sq ft. It last sold for AED 605,000 on 10 Nov 2020. At AED 1,148 per sq ft, from 7 sales of units ending 03 (same position in the tower), it is worth about AED 551,000 today.

Value todayAED 551,000AED 551,000 to AED 651,000
Last saleAED 605,00010 Nov 2020 · Off-plan
Change since last sale-8.9%Building trend alone: AED 840,555
Rent (median asking, studio)AED 54,450Gross yield 9.9%
Bedroomsstudio
Size480 sq ft
Floor14 (from the unit number)
Position in the towerStack 03: units ending 03 share the same layout and view
BuildingElite Business Bay Residence by Ellington Properties, handed over 2020
Registered sales of this unit1

Every registered sale of unit 1403

DatePriceSizeAED/sq ftType
10 Nov 2020AED 605,000480 sq ft1,260Off-plan

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
10314 Aug 2026AED 787,500480 sq ft1,641Resale
13035 Dec 2025AED 551,260480 sq ft1,148Resale
17035 Dec 2025AED 551,260480 sq ft1,148Resale
12035 Dec 2025AED 551,260480 sq ft1,148Resale
15035 Dec 2025AED 551,260480 sq ft1,148Resale
16035 Dec 2025AED 551,260480 sq ft1,148Resale
110327 Nov 2025AED 750,000480 sq ft1,563Resale
20034 Mar 2024AED 960,000480 sq ft2,000Resale

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 7 resale sales of units ending 03 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,148). We multiplied it by the size of this unit (480 sq ft). The range uses the middle half of those sales (AED 1,148 to AED 1,355 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 840,555. 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 1403 at Elite Business Bay Residence worth?

About AED 551,000 (range AED 551,000 to AED 651,000), based on AED 1,148 per sq ft from registered sales up to 22 Sep 2026.

When did unit 1403 last sell?

10 Nov 2020, for AED 605,000 (off-plan). It has 1 registered sale.

What rent can unit 1403 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 9.9% on the estimate.

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

Unit 1402 · Unit 1404