Unit 1421, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 1421 at Elite Business Bay Residence is a studio of 475 sq ft. It last sold for AED 645,000 on 5 Apr 2023. At AED 1,558 per sq ft, from 4 sales of units ending 21 (same position in the tower), it is worth about AED 740,000 today.

Value todayAED 740,000AED 625,000 to AED 831,000
Last saleAED 645,0005 Apr 2023 · Resale
Change since last sale+14.7%Building trend alone: AED 710,717
Rent (median asking, studio)AED 54,450Gross yield 7.4%
Bedroomsstudio
Size475 sq ft
Floor14 (from the unit number)
Position in the towerStack 21: units ending 21 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 1421

DatePriceSizeAED/sq ftType
5 Apr 2023AED 645,000475 sq ft1,358Resale
16 Dec 2020AED 525,000475 sq ft1,105Resale

Units ending 21 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
182125 Mar 2026AED 830,000475 sq ft1,747Resale
15215 Dec 2025AED 551,260475 sq ft1,161Resale
92129 Aug 2025AED 650,000475 sq ft1,368Resale
102128 Jul 2025AED 835,000475 sq ft1,758Resale
7217 Aug 2024AED 945,000475 sq ft1,989Resale
122127 Feb 2024AED 790,000475 sq ft1,663Resale
32121 Mar 2023AED 650,000475 sq ft1,368Resale
72123 Feb 2023AED 650,000475 sq ft1,368Resale

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 21 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,558). We multiplied it by the size of this unit (475 sq ft). The range uses the middle half of those sales (AED 1,316 to AED 1,750 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 710,717. 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 1421 at Elite Business Bay Residence worth?

About AED 740,000 (range AED 625,000 to AED 831,000), based on AED 1,558 per sq ft from registered sales up to 22 Sep 2026.

When did unit 1421 last sell?

5 Apr 2023, for AED 645,000 (resale). It has 2 registered sales.

What rent can unit 1421 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 7.4% on the estimate.

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

Unit 1419 · Unit 1422