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1-bed · 853 sqftElite Business Bay Residence, Business Bay · 21st floor · completed 2021

2111, Elite Business Bay Residence

Sold prices and rental history: sold twice, last in October 2024, and rented once, from December 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2111 · DLD and Ejari recordsUpdated 28 October 2024
Last soldAED 1.08M28 October 2024
Current rentAED 65K /yr5 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2111, Elite Business Bay Residence

What is 2111 worth today?

Last sold for AED 1,080,000 in 2024

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28 Oct 2024SoldReady
AED 1,080,000AED 1,265 per sqft
11 Apr 2021Sold by developerReady
AED 930,000AED 1,090 per sqft
5 Dec 2020RentedNew contract
AED 65,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 28 October 2024.

Key facts

Type
1-bed apartment
Size
853 sqft
Floor
21st of 23
Parking
P3-86
Developer
Range 4 Developments
Completed
2021
Service charge
AED 10,900 /yr
Last sold
AED 1.08M · October 2024
Building
Elite Business Bay Residence

About 2111, Elite Business Bay Residence

2111 is a one-bedroom apartment of 853 sqft on the 21st floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 28 October 2024 for AED 1,080,000, or AED 1,265 per sqft, 4% below the AED 1,317 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 December 2020. The current contract, signed on 5 December 2020, is AED 65,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 10,900 a year.

Sales and rents for 2111 over time

Sales
Unit 2111, each saleTypical one-bed in Elite Business Bay Residence
750K1M1.25M2017202020232026Typical sale price by year: 2017 AED 937,615; 2019 AED 1,152,574; 2020 AED 882,000; 2021 AED 787,500; 2022 AED 890,000; 2023 AED 1,150,000; 2024 AED 1,160,000; 2025 AED 1,156,000; 2026 AED 1,230,000Sold by developer, April 2021: AED 930,000 (AED 1,090 per sqft)Sold, October 2024: AED 1,080,000 (AED 1,265 per sqft)

2111 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2111, each contractTypical one-bed in Elite Business Bay Residence
60K70K80K2020202220242026Typical rent by year: 2021 AED 60,000; 2022 AED 67,000; 2023 AED 75,000; 2024 AED 82,000; 2025 AED 82,000; 2026 AED 78,000New contract, December 2020: AED 65,000 a year

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 2111 sits

All 115 1-beds →

2111 last sold in October 2024 at AED 1,265 per sqft, 4% below what one-beds in Elite Business Bay Residence were fetching at the time (AED 1,317). 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. 2111's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
15 May 20261,260,000
7 Apr 20261,125,000
31 Mar 20261,200,000
3 Feb 20261,850,000
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 60K /yr
Typical yield
7.5%
Elite Business Bay Residence, Business Bay: prices, sales and rents →

Other units on the 21st floor

All 524 units in Elite Business Bay Residence
Value
2101StudioAED 550K · Jun 2021
2102StudioAED 570K · Jun 2021
2103StudioAED 785K · Jan 2024
2104StudioAED 600K · May 2021
2105StudioAED 590K · May 2021
2106StudioAED 830K · Jan 2025
21072-bedAED 1.7M · May 2023
1–7 of 22

2111, Elite Business Bay Residence in numbers

  • Sold twice: first on 11 April 2021 for AED 930,000, last on 28 October 2024 for AED 1,080,000 (AED 1,265 per sqft).
  • Rented since December 2020 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 10,900 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 28 October 2024.

Questions about 2111, Elite Business Bay Residence

What did unit 2111 last sell for?

AED 1,080,000 on 28 October 2024: AED 1,265 per sqft for 853 sqft. The unit has 2 registered sales; the first was AED 930,000 in April 2021.

What is the rent for unit 2111?

AED 65,000 a year on the contract signed on 5 December 2020.

How big is unit 2111?

853 sqft (79.2 sqm): a one-bedroom apartment on the 21st floor of a 23-storey tower completed in 2021.

What is unit 2111 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 2111, Elite Business Bay Residence

Starts from the last sale price (AED 1.08M, 28 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,080,000
Deposit, UAE resident (20%)
AED 216,000
Deposit, non-resident (40%)
AED 432,000
Monthly over 25 years at 3.7%
AED 4,419

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