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2-bed · 1,309 sqftElite Business Bay Residence, Business Bay · 11th floor · completed 2021

1109, Elite Business Bay Residence

Sold prices and rental history: sold 4 times, last in January 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1109 · DLD and Ejari recordsUpdated 26 January 2022
Last soldAED 1.2M26 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1109, Elite Business Bay Residence

What is 1109 worth today?

Last sold for AED 1,200,000 in 2022

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26 Jan 2022SoldReady
AED 1,200,000AED 916 per sqft
7 Sep 2021SoldReady
AED 1,170,000AED 893 per sqft
22 Feb 2021SoldReady
AED 811,203AED 619 per sqft
14 Feb 2021Sold by developerOff-plan
AED 811,203AED 619 per sqft

Source: Dubai Land Department. Updated 26 January 2022.

Key facts

Type
2-bed apartment
Size
1,309 sqft
Floor
11th of 23
Parking
B1-36, B1-37
Developer
Range 4 Developments
Completed
2021
Service charge
AED 16,800 /yr
Last sold
AED 1.2M · January 2022
Building
Elite Business Bay Residence

About 1109, Elite Business Bay Residence

1109 is a two-bedroom apartment of 1,309 sqft on the 11th floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 26 January 2022 for AED 1,200,000, or AED 916 per sqft, 48% above the AED 619 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1109 over time

Sales
Unit 1109, each saleTypical two-bed in Elite Business Bay Residence
1M1.5M202020222024Typical sale price by year: 2020 AED 1,190,000; 2021 AED 832,273; 2022 AED 1,300,000; 2023 AED 1,666,453; 2024 AED 1,787,411Sold, February 2021: AED 811,203 (AED 619 per sqft)Sold by developer, February 2021: AED 811,203 (AED 619 per sqft)Sold, September 2021: AED 1,170,000 (AED 893 per sqft)Sold, January 2022: AED 1,200,000 (AED 916 per sqft)

1109 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1109, each contractTypical two-bed in Elite Business Bay Residence
80K100K120K2021202320252027Typical rent by year: 2021 AED 81,000; 2022 AED 110,000; 2023 AED 117,500; 2024 AED 120,000; 2025 AED 122,500; 2026 AED 115,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Elite Business Bay Residence, and where 1109 sits

All 46 2-beds →

1109 last sold in January 2022 at AED 916 per sqft, 48% above what two-beds in Elite Business Bay Residence were fetching at the time (AED 619). Over the last 12 months two-beds sold for AED 1,539,000 to 2,250,000, around AED 1,451 per sqft, and rent for AED 84,765 to 170,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Sep 20261,539,000
18 Feb 20262,250,000
14 Nov 20251,900,000
11 Sep 20251,800,000
3 2-bed sales in the last 12 months

Elite Business Bay Residence

Building

524 apartments, studios to 4-bed over 23 floors in Business Bay, completed in 2021 by Range 4 Developments. 47 sold in the last 12 months.

Typical price per sqft
AED 1,388 Down 2.1%
Typical sale
AED 795K
Typical rent
AED 60K /yr
Typical yield
7.5%
Elite Business Bay Residence, Business Bay: prices, sales and rents →

Other units on the 11th floor

All 524 units in Elite Business Bay Residence
Value
1101StudioAED 820K · Sep 2025
1102StudioAED 624K · May 2022
1103StudioAED 750K · Nov 2025
1104StudioAED 645K · Jan 2023
1105StudioAED 830K · Oct 2024
1106StudioAED 605K · Nov 2020
11072-bedAED 1.41M · Oct 2020
1–7 of 22

1109, Elite Business Bay Residence in numbers

  • Sold 4 times: first on 14 February 2021 for AED 811,203, last on 26 January 2022 for AED 1,200,000 (AED 916 per sqft).
  • Two-beds in Elite Business Bay Residence sold for AED 1,539,000–2,250,000 in the 12 months to November 2026; the building's median across all types is AED 1,388 per sqft.

Source: Dubai Land Department. Updated 26 January 2022.

Questions about 1109, Elite Business Bay Residence

What did unit 1109 last sell for?

AED 1,200,000 on 26 January 2022: AED 916 per sqft for 1,309 sqft. The unit has 4 registered sales; the first was AED 811,203 in February 2021.

How big is unit 1109?

1,309 sqft (121.6 sqm): a two-bedroom apartment on the 11th floor of a 23-storey tower completed in 2021.

What is unit 1109 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elite Business Bay Residence sold for AED 1,539,000 to 2,250,000 in the last 12 months, around AED 1,451 per sqft.

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Mortgage on 1109, Elite Business Bay Residence

Starts from the last sale price (AED 1.2M, 26 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →