Unit 513, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 513 at Elite Business Bay Residence is a 1 bed of 933 sq ft. It last sold for AED 790,000 on 16 Feb 2021. At AED 1,270 per sq ft, from 6 sales of units ending 13 (same position in the tower), it is worth about AED 1,185,000 today.

Value todayAED 1,185,000AED 1,117,000 to AED 1,200,000
Last saleAED 790,00016 Feb 2021 · Resale
Change since last sale+50.0%Building trend alone: AED 1,044,593
Rent (median asking, 1 bed)AED 80,000Gross yield 6.8%
Bedrooms1 bed
Size933 sq ft
Floor5 (from the unit number)
Position in the towerStack 13: units ending 13 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 513

DatePriceSizeAED/sq ftType
16 Feb 2021AED 790,000933 sq ft847Resale

Units ending 13 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
21325 Dec 2025AED 1,062,878933 sq ft1,139Resale
131319 Jun 2025AED 1,235,700933 sq ft1,324Resale
181314 Mar 2025AED 1,100,000933 sq ft1,179Resale
201313 Mar 2025AED 1,200,000933 sq ft1,286Resale
201313 Feb 2025AED 1,200,000933 sq ft1,286Resale
191325 Nov 2024AED 1,170,000933 sq ft1,254Resale
201311 Jun 2024AED 1,019,185933 sq ft1,092Resale
191310 Jun 2024AED 1,019,550933 sq ft1,093Resale

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
231131 Mar 2026AED 1,200,000853 sq ft1,407Resale
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

How we worked out the value

We took the 6 resale sales of units ending 13 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,270). We multiplied it by the size of this unit (933 sq ft). The range uses the middle half of those sales (AED 1,198 to AED 1,286 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,044,593. 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 513 at Elite Business Bay Residence worth?

About AED 1,185,000 (range AED 1,117,000 to AED 1,200,000), based on AED 1,270 per sq ft from registered sales up to 22 Sep 2026.

When did unit 513 last sell?

16 Feb 2021, for AED 790,000 (resale). It has 1 registered sale.

What rent can unit 513 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 6.8% on the estimate.

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

Unit 512 · Unit 514