Unit 608, Elite Business Bay Residence: what it sold for and what it is worth now

Unit 608 at Elite Business Bay Residence is a studio of 401 sq ft. It last sold for AED 780,000 on 6 Nov 2024. At AED 1,945 per sq ft, from 3 sales of units ending 08 (same position in the tower), it is worth about AED 780,000 today.

Value todayAED 780,000AED 765,000 to AED 790,000
Last saleAED 780,0006 Nov 2024 · Resale
Change since last sale+0.0%Building trend alone: AED 766,161
Rent (median asking, studio)AED 54,450Gross yield 7.0%
Bedroomsstudio
Size401 sq ft
Floor6 (from the unit number)
Position in the towerStack 08: units ending 08 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 608

DatePriceSizeAED/sq ftType
6 Nov 2024AED 780,000401 sq ft1,945Resale
25 Jul 2021AED 495,000401 sq ft1,234Resale

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
210831 Mar 2026AED 800,000401 sq ft1,995Resale
50813 Aug 2025AED 750,000401 sq ft1,870Resale
30821 Nov 2023AED 660,000401 sq ft1,646Resale
210812 Sep 2023AED 800,000401 sq ft1,995Resale
180812 Jan 2023AED 650,000401 sq ft1,621Resale
150821 Jun 2022AED 490,000401 sq ft1,222Resale
210814 Jul 2021AED 540,000401 sq ft1,347Resale
40814 Jul 2021AED 560,000401 sq ft1,397Resale

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 08 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,945). We multiplied it by the size of this unit (401 sq ft). The range uses the middle half of those sales (AED 1,908 to AED 1,970 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 766,161. 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 608 at Elite Business Bay Residence worth?

About AED 780,000 (range AED 765,000 to AED 790,000), based on AED 1,945 per sq ft from registered sales up to 22 Sep 2026.

When did unit 608 last sell?

6 Nov 2024, for AED 780,000 (resale). It has 2 registered sales.

What rent can unit 608 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 7.0% on the estimate.

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

Unit 607 · Unit 609