Unit 1417, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 1417 at Elite Business Bay Residence is a studio of 492 sq ft. It last sold for AED 557,000 on 11 Apr 2021. At AED 1,631 per sq ft, from 4 sales of units ending 17 (same position in the tower), it is worth about AED 803,000 today.

Value todayAED 803,000AED 791,000 to AED 820,000
Last saleAED 557,00011 Apr 2021 · Resale
Change since last sale+44.2%Building trend alone: AED 735,762
Rent (median asking, studio)AED 54,450Gross yield 6.8%
Bedroomsstudio
Size492 sq ft
Floor14 (from the unit number)
Position in the towerStack 17: units ending 17 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 1417

DatePriceSizeAED/sq ftType
11 Apr 2021AED 557,000492 sq ft1,132Resale

Units ending 17 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
51726 Jan 2026AED 795,000492 sq ft1,616Resale
191719 Dec 2025AED 810,000492 sq ft1,646Resale
6178 Oct 2025AED 850,000492 sq ft1,728Resale
21725 Dec 2024AED 780,000492 sq ft1,585Resale
231719 Aug 2024AED 885,000492 sq ft1,799Resale
101710 Jan 2023AED 660,000492 sq ft1,341Resale
91719 Jan 2022AED 652,000492 sq ft1,325Resale
21173 Oct 2021AED 665,000492 sq ft1,352Resale

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 4 resale sales of units ending 17 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,631). We multiplied it by the size of this unit (492 sq ft). The range uses the middle half of those sales (AED 1,608 to AED 1,667 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 735,762. 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 1417 at Elite Business Bay Residence worth?

About AED 803,000 (range AED 791,000 to AED 820,000), based on AED 1,631 per sq ft from registered sales up to 22 Sep 2026.

When did unit 1417 last sell?

11 Apr 2021, for AED 557,000 (resale). It has 1 registered sale.

What rent can unit 1417 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 6.8% on the estimate.

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

Unit 1416 · Unit 1418