Unit 219, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 219 at Elite Business Bay Residence is a studio of 506 sq ft. It last sold for AED 592,200 on 31 Dec 2020. At AED 1,482 per sq ft, from 33 sales in the building in the last 12 months (studio), it is worth about AED 750,000 today.

Value todayAED 750,000AED 581,000 to AED 818,000
Last saleAED 592,20031 Dec 2020 · Resale
Change since last sale+26.6%Building trend alone: AED 786,581
Rent (median asking, studio)AED 54,450Gross yield 7.3%
Bedroomsstudio
Size506 sq ft
Floor2 (from the unit number)
Position in the towerStack 19: units ending 19 share the same layout and view
BuildingElite Business Bay Residence by Ellington Properties, handed over 2020
Registered sales of this unit1

Every registered sale of unit 219

DatePriceSizeAED/sq ftType
31 Dec 2020AED 592,200506 sq ft1,170Resale

Units ending 19 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
171925 Sep 2025AED 815,000508 sq ft1,604Resale
201919 Apr 2023AED 750,000508 sq ft1,476Resale
111914 Nov 2022AED 620,000508 sq ft1,220Resale
31914 Nov 2022AED 605,000506 sq ft1,196Resale
11196 Oct 2021AED 616,500508 sq ft1,214Resale
3196 Oct 2021AED 594,900506 sq ft1,176Resale
221929 Jun 2021AED 650,000508 sq ft1,280Resale
231929 Jun 2021AED 590,000508 sq ft1,161Resale

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 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 (506 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 786,581. 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 219 at Elite Business Bay Residence worth?

About AED 750,000 (range AED 581,000 to AED 818,000), based on AED 1,482 per sq ft from registered sales up to 22 Sep 2026.

When did unit 219 last sell?

31 Dec 2020, for AED 592,200 (resale). It has 1 registered sale.

What rent can unit 219 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 7.3% on the estimate.

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

Unit 218 · Unit 220