Unit 2311, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 2311 at Elite Business Bay Residence is a 1 bed of 853 sq ft. It last sold for AED 1,200,000 on 31 Mar 2026. At AED 1,336 per sq ft, from 5 sales of units ending 11 (same position in the tower), it is worth about AED 1,140,000 today.

Value todayAED 1,140,000AED 1,125,000 to AED 1,200,000
Last saleAED 1,200,00031 Mar 2026 · Resale
Change since last sale-5.0%Building trend alone: AED 1,200,000
Rent (median asking, 1 bed)AED 80,000Gross yield 7.0%
Bedrooms1 bed
Size853 sq ft
Floor23 (from the unit number)
Position in the towerStack 11: units ending 11 share the same layout and view
BuildingElite Business Bay Residence by Ellington Properties, handed over 2020
Registered sales of this unit5

Every registered sale of unit 2311

DatePriceSizeAED/sq ftType
31 Mar 2026AED 1,200,000853 sq ft1,407Resale
31 May 2023AED 1,200,000853 sq ft1,407Resale
27 Apr 2023AED 850,000853 sq ft996Resale
28 Dec 2021AED 282,000853 sq ft331Resale
28 Mar 2021AED 854,545853 sq ft1,002Resale

Units ending 11 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
2117 Apr 2026AED 1,125,000853 sq ft1,319Resale
221114 Jul 2025AED 1,240,000853 sq ft1,454Resale
71114 Apr 2025AED 1,140,000853 sq ft1,336Resale
211128 Oct 2024AED 1,080,000853 sq ft1,266Resale
221129 Jul 2024AED 1,195,000853 sq ft1,401Resale
15116 Mar 2024AED 1,200,000853 sq ft1,407Resale
2117 Dec 2023AED 1,151,274853 sq ft1,350Resale
5112 Nov 2023AED 1,080,000853 sq ft1,266Resale

Latest 1 bed sales in Elite Business Bay Residence

UnitDatePriceSizeAED/sq ftType
11415 May 2026AED 1,260,000907 sq ft1,389Resale
2117 Apr 2026AED 1,125,000853 sq ft1,319Resale
12123 Feb 2026AED 1,850,000934 sq ft1,981Resale
7127 Jan 2026AED 1,300,000934 sq ft1,392Resale
1126 Jan 2026AED 1,130,000934 sq ft1,210Resale
21325 Dec 2025AED 1,062,878933 sq ft1,139Resale
81218 Dec 2025AED 1,300,000934 sq ft1,392Resale
231021 Nov 2025AED 1,300,000811 sq ft1,603Resale

How we worked out the value

We took the 5 resale sales of units ending 11 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,336). We multiplied it by the size of this unit (853 sq ft). The range uses the middle half of those sales (AED 1,319 to AED 1,407 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,200,000. 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 2311 at Elite Business Bay Residence worth?

About AED 1,140,000 (range AED 1,125,000 to AED 1,200,000), based on AED 1,336 per sq ft from registered sales up to 22 Sep 2026.

When did unit 2311 last sell?

31 Mar 2026, for AED 1,200,000 (resale). It has 5 registered sales.

What rent can unit 2311 make?

A 1 bed in Elite Business Bay Residence rents for about AED 80,000 a year (median asking rent). That is a gross yield of 7.0% on the estimate.

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

Unit 2310 · Unit 2312