Unit 1920, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 1920 at Elite Business Bay Residence is a studio of 503 sq ft. It last sold for AED 750,000 on 6 Jun 2023. At AED 1,590 per sq ft, from 3 sales of units ending 20 (same position in the tower), it is worth about AED 800,000 today.

Value todayAED 800,000AED 765,000 to AED 828,000
Last saleAED 750,0006 Jun 2023 · Resale
Change since last sale+6.7%Building trend alone: AED 795,350
Rent (median asking, studio)AED 54,450Gross yield 6.8%
Bedroomsstudio
Size503 sq ft
Floor19 (from the unit number)
Position in the towerStack 20: units ending 20 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 1920

DatePriceSizeAED/sq ftType
6 Jun 2023AED 750,000503 sq ft1,491Resale
1 Mar 2021AED 575,000503 sq ft1,143Resale

Units ending 20 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
72026 Jun 2026AED 730,000503 sq ft1,451Resale
21206 Feb 2026AED 800,000503 sq ft1,590Resale
102031 Oct 2025AED 855,000503 sq ft1,700Resale
212017 Sep 2024AED 830,000503 sq ft1,650Resale
132026 Apr 2024AED 800,000503 sq ft1,590Resale
212021 Aug 2023AED 760,000503 sq ft1,511Resale
10205 Dec 2022AED 645,000503 sq ft1,282Resale
8203 Nov 2021AED 601,640503 sq ft1,196Resale

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 3 resale sales of units ending 20 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,590). We multiplied it by the size of this unit (503 sq ft). The range uses the middle half of those sales (AED 1,521 to AED 1,645 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 795,350. 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 1920 at Elite Business Bay Residence worth?

About AED 800,000 (range AED 765,000 to AED 828,000), based on AED 1,590 per sq ft from registered sales up to 22 Sep 2026.

When did unit 1920 last sell?

6 Jun 2023, for AED 750,000 (resale). It has 2 registered sales.

What rent can unit 1920 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 6.8% on the estimate.

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

Unit 1919 · Unit 1921