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Studio · 478 sqftElite Business Bay Residence, Business Bay · 11th floor · completed 2021

1122, Elite Business Bay Residence

Sold prices and rental history: sold once, by the developer in October 2017, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1122 · DLD and Ejari recordsUpdated 16 September 2026
Last soldAED 618K16 October 2017
Current rentAED 50K /yr16 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1122, Elite Business Bay Residence

What is 1122 worth today?

Last sold for AED 618,000 in 2017

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16 Sep 2026RentedNew contract
AED 50,000/yr12 months · AED 106 per sqft
1 May 2024RentedNew contract
AED 60,000/yr12 months · AED 125 per sqft
5 Mar 2023RentedNew contract
AED 47,300/yr12 months · AED 100 per sqft
16 Oct 2017Sold by developerOff-plan
AED 618,000AED 1,291 per sqft

Source: Dubai Land Department. Updated 16 September 2026.

Key facts

Type
Studio apartment
Size
478 sqft
Floor
11th of 23
Parking
B1-73
Developer
Range 4 Developments
Completed
2021
Service charge
AED 6,100 /yr
Last sold
AED 618K · October 2017
Building
Elite Business Bay Residence

About 1122, Elite Business Bay Residence

1122 is a studio of 478 sqft on the 11th floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. The developer sold it on 16 October 2017 for AED 618,000, or AED 1,291 per sqft.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 16 September 2026, is AED 50,000 a year: a gross yield of 8.1% on the 2017 price, before the service charge of about AED 6,100 a year.

Sales and rents for 1122 over time

Sales
Unit 1122, each saleTypical studio in Elite Business Bay Residence
600K800K2017202020232026Typical sale price by year: 2017 AED 618,000; 2018 AED 645,000; 2019 AED 845,132; 2020 AED 605,000; 2021 AED 560,000; 2022 AED 605,000; 2023 AED 660,000; 2024 AED 790,000; 2025 AED 600,630; 2026 AED 783,750Sold by developer, October 2017: AED 618,000 (AED 1,291 per sqft)

1122 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1122, each contractTypical studio in Elite Business Bay Residence
40K50K60K2021202320252027Typical rent by year: 2021 AED 38,000; 2022 AED 43,900; 2023 AED 52,000; 2024 AED 58,000; 2025 AED 60,000; 2026 AED 54,000New contract, March 2023: AED 47,300 a yearNew contract, May 2024: AED 60,000 a yearNew contract, September 2026: AED 50,000 a year

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 1122 sits

All 317 studios →

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. 1122's AED 50,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026700,000
3 Nov 2026700,000
22 Sep 2026760,000
2 Sep 2026750,000
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 61K /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

1122, Elite Business Bay Residence in numbers

  • Sold once: by Range 4 Developments on 16 October 2017 for AED 618,000, or AED 1,291 per sqft.
  • Rented since March 2023 on 3 Ejari contracts, from AED 47,300 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2017 price is 8.1%, before a service charge of about AED 6,100 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 16 September 2026.

Questions about 1122, Elite Business Bay Residence

What did unit 1122 last sell for?

AED 618,000 on 16 October 2017, sold by the developer: AED 1,291 per sqft for 478 sqft. It is the only registered sale of the unit.

What is the rent for unit 1122?

AED 50,000 a year on the contract signed on 16 September 2026. The previous contract, from May 2024, was AED 60,000; the unit has been rented since March 2023.

How big is unit 1122?

478 sqft (44.4 sqm): a studio on the 11th floor of a 23-storey tower completed in 2021.

What is unit 1122 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 1122, Elite Business Bay Residence

Starts from the last sale price (AED 618K, 16 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 618,000
Deposit, UAE resident (20%)
AED 123,600
Deposit, non-resident (40%)
AED 247,200
Monthly over 25 years at 3.7%
AED 2,528

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