Unit 1802, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 1802 at Elite Business Bay Residence is a studio of 480 sq ft. It last sold for AED 870,000 on 17 Sep 2024. At AED 1,148 per sq ft, from 7 sales of units ending 02 (same position in the tower), it is worth about AED 551,000 today.

Value todayAED 551,000AED 551,000 to AED 738,000
Last saleAED 870,00017 Sep 2024 · Resale
Change since last sale-36.7%Building trend alone: AED 854,564
Rent (median asking, studio)AED 54,450Gross yield 9.9%
Bedroomsstudio
Size480 sq ft
Floor18 (from the unit number)
Position in the towerStack 02: units ending 02 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 1802

DatePriceSizeAED/sq ftType
17 Sep 2024AED 870,000480 sq ft1,813Resale
9 Jun 2022AED 750,000480 sq ft1,563Resale

Units ending 02 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
30222 May 2026AED 725,000480 sq ft1,510Resale
130216 Dec 2025AED 551,260480 sq ft1,148Resale
12025 Dec 2025AED 551,260480 sq ft1,148Resale
15025 Dec 2025AED 551,260480 sq ft1,148Resale
17025 Dec 2025AED 551,260480 sq ft1,148Resale
20217 Oct 2025AED 780,000480 sq ft1,625Resale
190219 Nov 2024AED 750,000480 sq ft1,563Resale
19029 Jan 2024AED 800,000480 sq ft1,667Resale

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 7 resale sales of units ending 02 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,148). We multiplied it by the size of this unit (480 sq ft). The range uses the middle half of those sales (AED 1,148 to AED 1,536 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 854,564. 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 1802 at Elite Business Bay Residence worth?

About AED 551,000 (range AED 551,000 to AED 738,000), based on AED 1,148 per sq ft from registered sales up to 22 Sep 2026.

When did unit 1802 last sell?

17 Sep 2024, for AED 870,000 (resale). It has 2 registered sales.

What rent can unit 1802 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 9.9% on the estimate.

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

Unit 1801 · Unit 1804