Unit 1623 at Elite Business Bay Residence is a studio of 495 sq ft. It last sold for AED 830,000 on 19 Aug 2026. At AED 1,482 per sq ft, from 33 sales in the building in the last 12 months (studio), it is worth about AED 734,000 today.
| Bedrooms | studio |
|---|---|
| Size | 495 sq ft |
| Floor | 16 (from the unit number) |
| Position in the tower | Stack 23: units ending 23 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 |
|---|---|---|---|---|
| 19 Aug 2026 | AED 830,000 | 495 sq ft | 1,677 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 223 | 31 Jul 2026 | AED 718,000 | 495 sq ft | 1,451 | Resale |
| 1123 | 17 May 2024 | AED 800,000 | 495 sq ft | 1,616 | Resale |
| 823 | 24 Apr 2024 | AED 600,000 | 495 sq ft | 1,212 | Resale |
| 223 | 27 Apr 2023 | AED 645,000 | 495 sq ft | 1,303 | Resale |
| 623 | 31 Jan 2023 | AED 700,000 | 495 sq ft | 1,414 | Resale |
| 423 | 14 Nov 2022 | AED 605,000 | 495 sq ft | 1,222 | Resale |
| 323 | 14 Nov 2022 | AED 605,000 | 495 sq ft | 1,222 | Resale |
| 523 | 14 Nov 2022 | AED 610,000 | 495 sq ft | 1,232 | 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 |
| 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 |
| 2108 | 31 Mar 2026 | AED 800,000 | 401 sq ft | 1,995 | Resale |
We took the 33 sales in Elite Business Bay Residence in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,482). We multiplied it by the size of this unit (495 sq ft). The range uses the middle half of those sales (AED 1,148 to AED 1,616 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 796,228. 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 734,000 (range AED 568,000 to AED 800,000), based on AED 1,482 per sq ft from registered sales up to 22 Sep 2026.
19 Aug 2026, for AED 830,000 (resale). 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 7.4% on the estimate.
Sales alert for Elite Business Bay ResidenceAll sales in Elite Business Bay Residence