Unit 1506 at Elite Business Bay Residence is a studio of 498 sq ft. It last sold for AED 650,000 on 20 Jul 2020. At AED 1,606 per sq ft, from 5 sales of units ending 06 (same position in the tower), it is worth about AED 800,000 today.
| Bedrooms | studio |
|---|---|
| Size | 498 sq ft |
| Floor | 15 (from the unit number) |
| Position in the tower | Stack 06: units ending 06 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 |
|---|---|---|---|---|
| 20 Jul 2020 | AED 650,000 | 498 sq ft | 1,305 | Off-plan |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 2006 | 22 Sep 2026 | AED 760,000 | 498 sq ft | 1,526 | Resale |
| 1806 | 7 Aug 2026 | AED 800,000 | 498 sq ft | 1,606 | Resale |
| 606 | 29 Jul 2025 | AED 770,000 | 501 sq ft | 1,537 | Resale |
| 2106 | 13 Jan 2025 | AED 830,000 | 498 sq ft | 1,667 | Resale |
| 1206 | 23 Sep 2024 | AED 850,000 | 498 sq ft | 1,707 | Resale |
| 706 | 29 Jul 2024 | AED 770,000 | 501 sq ft | 1,537 | Resale |
| 2006 | 8 Sep 2023 | AED 700,000 | 498 sq ft | 1,406 | Resale |
| 2206 | 5 Sep 2023 | AED 690,000 | 498 sq ft | 1,386 | 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 5 resale sales of units ending 06 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,606). We multiplied it by the size of this unit (498 sq ft). The range uses the middle half of those sales (AED 1,537 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 855,590. 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 830,000), based on AED 1,606 per sq ft from registered sales up to 22 Sep 2026.
20 Jul 2020, for AED 650,000 (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