Unit 1616, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 1616 at Elite Business Bay Residence is a 4 bed of 2,168 sq ft. It last sold for AED 2,600,000 on 16 Oct 2025. At AED 1,221 per sq ft, from 3 sales of units ending 16 (same position in the tower), it is worth about AED 2,648,000 today.

Value todayAED 2,648,000AED 2,624,000 to AED 2,654,000
Last saleAED 2,600,00016 Oct 2025 · Resale
Change since last sale+1.8%Building trend alone: AED 2,600,000
Rent (median asking, 4 bed)AED 159,999Gross yield 6.0%
Bedrooms4 bed
Size2,168 sq ft
Floor16 (from the unit number)
Position in the towerStack 16: units ending 16 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 1616

DatePriceSizeAED/sq ftType
16 Oct 2025AED 2,600,0002,168 sq ft1,199Resale
30 Dec 2020AED 2,420,0002,168 sq ft1,116Resale

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
191622 Sep 2026AED 2,661,2002,168 sq ft1,227Resale
151622 Sep 2026AED 2,647,5002,168 sq ft1,221Resale
23165 Jul 2024AED 2,925,0002,168 sq ft1,349Resale
31613 Dec 2023AED 2,770,8362,172 sq ft1,276Resale
11611 Dec 2023AED 2,752,4602,172 sq ft1,267Resale
22161 Nov 2023AED 1,400,0002,168 sq ft646Resale
21161 Nov 2023AED 1,400,0002,168 sq ft646Resale
231627 Oct 2023AED 2,500,0002,168 sq ft1,153Resale

Latest 4 bed sales in Elite Business Bay Residence

UnitDatePriceSizeAED/sq ftType
191622 Sep 2026AED 2,661,2002,168 sq ft1,227Resale
131822 Sep 2026AED 2,667,0002,189 sq ft1,218Resale
121822 Sep 2026AED 2,658,0002,189 sq ft1,214Resale
151622 Sep 2026AED 2,647,5002,168 sq ft1,221Resale
11824 Jun 2026AED 2,755,0002,191 sq ft1,257Resale
11184 Sep 2024AED 2,600,0002,189 sq ft1,188Resale
23165 Jul 2024AED 2,925,0002,168 sq ft1,349Resale
191818 Jan 2024AED 2,400,0002,189 sq ft1,096Resale

How we worked out the value

We took the 3 resale sales of units ending 16 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,221). We multiplied it by the size of this unit (2,168 sq ft). The range uses the middle half of those sales (AED 1,210 to AED 1,224 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 2,600,000. 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 1616 at Elite Business Bay Residence worth?

About AED 2,648,000 (range AED 2,624,000 to AED 2,654,000), based on AED 1,221 per sq ft from registered sales up to 22 Sep 2026.

When did unit 1616 last sell?

16 Oct 2025, for AED 2,600,000 (resale). It has 2 registered sales.

What rent can unit 1616 make?

A 4 bed in Elite Business Bay Residence rents for about AED 159,999 a year (median asking rent). That is a gross yield of 6.0% on the estimate.

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

Unit 1615 · Unit 1617