1-bed · 427 sqftElite Business Bay Residence, Business Bay · 1st floor · completed 2021

111, Elite Business Bay Residence

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 111 · DLD and Ejari recordsUpdated 18 September 2026

Last soldAED 491K1 November 2023

Current rentAED 115K /yr18 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 111, Elite Business Bay Residence

Today

What is 111 worth today?

Last sold for AED 491,000 in 2023

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18 Sep 2026

18 Sep 2026RentedRenewal

AED 115,000/yr12 months · AED 135 per sqft

18 Sep 2025

18 Sep 2025RentedRenewal

AED 120,000/yr12 months · AED 141 per sqft

18 Sep 2024

18 Sep 2024RentedNew contract

AED 110,000/yr12 months · AED 129 per sqft

1 Nov 2023

1 Nov 2023SoldReady

AED 491,000AED 1,151 per sqft

25 Aug 2023

25 Aug 2023RentedRenewal

AED 71,500/yr12 months · AED 84 per sqft

25 Aug 2022

25 Aug 2022RentedNew contract

AED 65,000/yr12 months · AED 76 per sqft

30 May 2022

30 May 2022RentedNew contract

AED 85,000/yr12 months · AED 100 per sqft

28 Dec 2021

28 Dec 2021SoldReady

AED 282,000AED 991 per sqft

Source: Dubai Land Department. Updated 18 September 2026.

Key facts

Type: 1-bed apartment
Size: 427 sqft
Floor: 1st of 23
Parking: B3-08
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 5,500 /yr
Last sold: AED 491K · November 2023
Building: Elite Business Bay Residence

About 111, Elite Business Bay Residence

111 is a one-bedroom apartment of 427 sqft on the 1st floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 1 November 2023 for AED 491,000, or AED 1,151 per sqft, in line with the AED 1,151 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, renewed on 18 September 2026, is AED 115,000 a year: a gross yield of 23.4% on the 2023 price, before the service charge of about AED 5,500 a year.

Sales and rents for 111 over time

Sales

Unit 111, each saleTypical one-bed in Elite Business Bay Residence

111 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents

Unit 111, each contractTypical one-bed in Elite Business Bay Residence

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

1-beds in Elite Business Bay Residence, and where 111 sits

All 115 1-beds →

1-beds in Elite Business Bay Residence · last 12 months1,391 /sqft Elite Business Bay Residence · all types1,388 /sqft

111 last sold in November 2023 at AED 1,151 per sqft, in line with what one-beds in Elite Business Bay Residence were fetching at the time (AED 1,151). Over the last 12 months one-beds sold for AED 1,062,878 to 1,850,000, around AED 1,391 per sqft, and rent for AED 41,000 to 115,000 a year. 111's AED 115,000 is at the top of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
15 May 202615 May 2026	907 sqft	1,260,000	1,388
7 Apr 20267 April 2026	853 sqft	1,125,000	1,318
31 Mar 202631 March 2026	853 sqft	1,200,000	1,406
3 Feb 20263 February 2026	934 sqft	1,850,000	1,980

9 1-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 61K /yr
Typical yield: 7.5%

Elite Business Bay Residence, Business Bay: prices, sales and rents →

Other units on the 1st floor

All 524 units in Elite Business Bay Residence


101	Studio	494 sqft	AED 650KAED 650,000 · Jan 2023January 2023	50,000 /yr
102	Studio	480 sqft	AED 535KAED 534,750 · Nov 2020November 2020
103	Studio	480 sqft	AED 788KAED 787,500 · Aug 2026August 2026	55,000 /yr
104	Studio	506 sqft	AED 765KAED 765,000 · Sep 2024September 2024	53,000 /yr
105	Studio	489 sqft	AED 624KAED 624,000 · Jan 2018January 2018	55,000 /yr
106	Studio	501 sqft	AED 550KAED 550,000 · Jun 2021June 2021	45,000 /yr
107	2-bed	1,343 sqft	AED 1.72MAED 1,715,284 · Dec 2023December 2023
108	Studio	401 sqft	AED 600KAED 600,000 · Mar 2021March 2021	62,000 /yr
109	2-bed	1,309 sqft	AED 1.66MAED 1,664,071 · Dec 2023December 2023
110	1-bed	815 sqft	AED 1.12MAED 1,118,647 · Dec 2023December 2023
112	1-bed	934 sqft	AED 1.13MAED 1,130,000 · Jan 2026January 2026	81,000 /yr
113	1-bed	933 sqft	AED 785KAED 785,000 · May 2021May 2021	80,000 /yr
114	1-bed	907 sqft	AED 1.26MAED 1,260,000 · May 2026May 2026	60,000 /yr
115	Studio	605 sqft	AED 550KAED 550,000 · Jul 2021July 2021	56,000 /yr
116	4-bed	2,172 sqft	AED 2.75MAED 2,752,460 · Dec 2023December 2023
117	Studio	492 sqft	AED 515KAED 515,000 · May 2021May 2021	70,000 /yr
118	4-bed	2,191 sqft	AED 2.76MAED 2,755,000 · Jun 2026June 2026
119	Studio	506 sqft	AED 500KAED 500,000 · Feb 2021February 2021	65,000 /yr
120	Studio	252 sqft	AED 575KAED 575,000 · Nov 2020November 2020	59,839 /yr
121	Studio	238 sqft	AED 575KAED 575,000 · Nov 2020November 2020	58,000 /yr
122	Studio	478 sqft	AED 500KAED 500,000 · Apr 2021April 2021	50,000 /yr
123	Studio	247 sqft	AED 575KAED 575,000 · Dec 2020December 2020	50,000 /yr

1–7 of 22

111, Elite Business Bay Residence in numbers

Sold 3 times: first on 28 March 2021 for AED 854,545, last on 1 November 2023 for AED 491,000 (AED 1,151 per sqft).
Rented since May 2022 on 6 Ejari contracts. The rent fell from AED 85,000 to AED 65,000 in 2022 and recovered to AED 115,000 by September 2026.
At AED 115,000 a year the gross yield on the 2023 price is 23.4%, before a service charge of about AED 5,500 a year (AED 12.83 per sqft).
One-beds in Elite Business Bay Residence sold for AED 1,062,878–1,850,000 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 18 September 2026.

Questions about 111, Elite Business Bay Residence

What did unit 111 last sell for?

AED 491,000 on 1 November 2023: AED 1,151 per sqft for 427 sqft. The unit has 3 registered sales; the first was AED 854,545 in March 2021.

What is the rent for unit 111?

AED 115,000 a year on the contract renewed on 18 September 2026. The previous contract, from September 2025, was AED 120,000; the unit has been rented since May 2022.

How big is unit 111?

427 sqft (39.7 sqm): a one-bedroom apartment on the 1st floor of a 23-storey tower completed in 2021.

What is unit 111 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Business Bay Residence sold for AED 1,062,878 to 1,850,000 in the last 12 months, around AED 1,391 per sqft.

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Mortgage on 111, Elite Business Bay Residence

Starts from the last sale price (AED 491K, 1 November 2023). Switch to today's estimate once you have unlocked it.

Price: AED 491,000
Deposit, UAE resident (20%): AED 98,200
Deposit, non-resident (40%): AED 196,400
Monthly over 25 years at 3.7%: AED 2,009

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