Studio · 508 sqftElite Business Bay Residence, Business Bay · 11th floor · completed 2021

1119, 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 twice, last in November 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1119 · DLD and Ejari recordsUpdated 7 September 2025

Last soldAED 620K14 November 2022

Current rentAED 60K /yr7 September 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1119, Elite Business Bay Residence

Today

What is 1119 worth today?

Last sold for AED 620,000 in 2022

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7 Sep 2025

7 Sep 2025RentedRenewal

AED 60,000/yr12 months · AED 118 per sqft

7 Sep 2024

7 Sep 2024RentedNew contract

AED 53,500/yr12 months · AED 105 per sqft

25 Mar 2023

25 Mar 2023RentedRenewal

AED 48,070/yr12 months · AED 95 per sqft

14 Nov 2022

14 Nov 2022SoldReady

AED 620,000AED 1,219 per sqft

6 Oct 2021

6 Oct 2021Sold by developerReady

AED 616,500AED 1,212 per sqft

25 Mar 2021

25 Mar 2021RentedNew contract

AED 38,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 7 September 2025.

Key facts

Type: Studio apartment
Size: 508 sqft
Floor: 11th of 23
Parking: B1-68
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 6,500 /yr
Last sold: AED 620K · November 2022
Building: Elite Business Bay Residence

About 1119, Elite Business Bay Residence

1119 is a studio of 508 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 14 November 2022 for AED 620,000, or AED 1,219 per sqft, in line with the AED 1,232 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 7 September 2025, is AED 60,000 a year: a gross yield of 9.7% on the 2022 price, before the service charge of about AED 6,500 a year.

Sales and rents for 1119 over time

Sales

Unit 1119, each saleTypical studio in Elite Business Bay Residence

1119 has sold twice; the dashed line is the studio median of each year in the building.

Rents

Unit 1119, each contractTypical studio in Elite Business Bay Residence

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

Studios in Elite Business Bay Residence, and where 1119 sits

All 317 studios →

Studios in Elite Business Bay Residence · last 12 months1,411 /sqft Elite Business Bay Residence · all types1,388 /sqft

1119 last sold in November 2022 at AED 1,219 per sqft, in line with what studios in Elite Business Bay Residence were fetching at the time (AED 1,232). Over the last 12 months studios sold for AED 551,260 to 830,000, around AED 1,411 per sqft, and rent for AED 44,000 to 97,000 a year. 1119's AED 60,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
4 Nov 20264 November 2026	498 sqft	700,000	1,404
3 Nov 20263 November 2026	494 sqft	700,000	1,418
22 Sep 202622 September 2026	498 sqft	760,000	1,524
2 Sep 20262 September 2026	506 sqft	750,000	1,482

30 studio 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


1101	Studio	494 sqft	AED 820KAED 820,000 · Sep 2025September 2025	63,000 /yr
1102	Studio	480 sqft	AED 624KAED 624,160 · May 2022May 2022	48,000 /yr
1103	Studio	480 sqft	AED 750KAED 750,000 · Nov 2025November 2025	65,000 /yr
1104	Studio	506 sqft	AED 645KAED 645,000 · Jan 2023January 2023	55,000 /yr
1105	Studio	503 sqft	AED 830KAED 830,000 · Oct 2024October 2024	52,000 /yr
1106	Studio	483 sqft	AED 605KAED 605,000 · Nov 2020November 2020	52,000 /yr
1107	2-bed	1,343 sqft	AED 1.41MAED 1,410,000 · Oct 2020October 2020	105,000 /yr
1108	Studio	401 sqft	AED 515KAED 515,000 · Dec 2020December 2020	65,000 /yr
1109	2-bed	1,309 sqft	AED 1.2MAED 1,200,000 · Jan 2022January 2022
1110	1-bed	812 sqft	AED 1.1MAED 1,100,000 · Dec 2024December 2024	70,000 /yr
1111	1-bed	853 sqft	AED 810KAED 810,000 · Jan 2021January 2021	87,000 /yr
1112	1-bed	934 sqft	AED 1.18MAED 1,175,000 · Feb 2025February 2025	77,000 /yr
1113	1-bed	933 sqft	AED 948KAED 947,850 · Feb 2021February 2021	85,075 /yr
1114	1-bed	907 sqft	AED 948KAED 947,850 · Feb 2021February 2021	74,088 /yr
1115	Studio	552 sqft	AED 660KAED 659,600 · Oct 2018October 2018
1116	4-bed	2,168 sqft	AED 2.49MAED 2,490,385 · Jun 2021June 2021
1117	Studio	492 sqft	AED 725KAED 725,000 · Nov 2017November 2017	48,000 /yr
1118	4-bed	2,189 sqft	AED 2.6MAED 2,600,000 · Sep 2024September 2024	195,000 /yr
1120	Studio	503 sqft	AED 618KAED 618,000 · Jul 2020July 2020	57,000 /yr
1121	Studio	475 sqft	AED 618KAED 618,000 · Oct 2017October 2017	50,000 /yr
1122	Studio	478 sqft	AED 618KAED 618,000 · Oct 2017October 2017	50,000 /yr
1123	Studio	495 sqft	AED 800KAED 800,000 · May 2024May 2024	65,000 /yr

1–7 of 22

1119, Elite Business Bay Residence in numbers

Sold twice: first on 6 October 2021 for AED 616,500, last on 14 November 2022 for AED 620,000 (AED 1,219 per sqft).
Rented since March 2021 on 4 Ejari contracts, from AED 38,000 to AED 60,000 a year.
At AED 60,000 a year the gross yield on the 2022 price is 9.7%, before a service charge of about AED 6,500 a year (AED 12.83 per sqft).
Studios in Elite Business Bay Residence sold for AED 551,260–830,000 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 7 September 2025.

Questions about 1119, Elite Business Bay Residence

What did unit 1119 last sell for?

AED 620,000 on 14 November 2022: AED 1,219 per sqft for 508 sqft. The unit has 2 registered sales; the first was AED 616,500 in October 2021.

What is the rent for unit 1119?

AED 60,000 a year on the contract renewed on 7 September 2025. The previous contract, from September 2024, was AED 53,500; the unit has been rented since March 2021.

How big is unit 1119?

508 sqft (47.2 sqm): a studio on the 11th floor of a 23-storey tower completed in 2021.

What is unit 1119 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Elite Business Bay Residence sold for AED 551,260 to 830,000 in the last 12 months, around AED 1,411 per sqft.

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Mortgage on 1119, Elite Business Bay Residence

Starts from the last sale price (AED 620K, 14 November 2022). Switch to today's estimate once you have unlocked it.

Price: AED 620,000
Deposit, UAE resident (20%): AED 124,000
Deposit, non-resident (40%): AED 248,000
Monthly over 25 years at 3.7%: AED 2,537

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