509, Elite Business Bay Residence
Sold prices and rental history: sold 3 times, last in December 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, Elite Business Bay Residence
What is 509 worth today?
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Source: Dubai Land Department. Updated 11 December 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,309 sqft
- Floor
- 5th of 23
- Parking
- B2-43, B2-44
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 16,800 /yr
- Last sold
- AED 1.67M · December 2023
- Building
- Elite Business Bay Residence
About 509, Elite Business Bay Residence
509 is a two-bedroom apartment of 1,309 sqft on the 5th floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 11 December 2023 for AED 1,665,741, or AED 1,272 per sqft, in line with the AED 1,272 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 509 over time
509 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 509 sits
All 46 2-beds →509 last sold in December 2023 at AED 1,272 per sqft, in line with what two-beds in Elite Business Bay Residence were fetching at the time (AED 1,272). 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 sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Sep 202622 September 2026 | 1,309 sqft | 1,539,000 | 1,175 | ||
| 18 Feb 202618 February 2026 | 1,309 sqft | 2,250,000 | 1,718 | ||
| 14 Nov 202514 November 2025 | 1,309 sqft | 1,900,000 | 1,451 | ||
| 11 Sep 202511 September 2025 | 1,343 sqft | 1,800,000 | 1,340 |
Elite Business Bay Residence
Building524 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%
Other units on the 5th floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 494 sqft | AED 500KAED 500,000 · Apr 2021April 2021 | 58,000 /yr | |
| 502 | Studio | 480 sqft | AED 500KAED 500,000 · Feb 2021February 2021 | 60,000 /yr | |
| 503 | Studio | 480 sqft | AED 500KAED 500,000 · Apr 2021April 2021 | 50,000 /yr | |
| 504 | Studio | 506 sqft | AED 600KAED 600,300 · Dec 2020December 2020 | 48,000 /yr | |
| 505 | Studio | 501 sqft | AED 600KAED 600,300 · Dec 2020December 2020 | 60,000 /yr | |
| 506 | Studio | 501 sqft | AED 605KAED 605,000 · Jul 2022July 2022 | 50,000 /yr | |
| 507 | 2-bed | 1,343 sqft | AED 1.2MAED 1,200,000 · Jun 2021June 2021 | 120,000 /yr | |
| 508 | Studio | 401 sqft | AED 750KAED 750,000 · Aug 2025August 2025 | 55,000 /yr | |
| 510 | 1-bed | 815 sqft | AED 765KAED 765,000 · Feb 2021February 2021 | 77,175 /yr | |
| 511 | 1-bed | 853 sqft | AED 1.08MAED 1,080,000 · Nov 2023November 2023 | 80,000 /yr | |
| 512 | 1-bed | 934 sqft | AED 1.23MAED 1,231,383 · Dec 2023December 2023 | ||
| 513 | 1-bed | 933 sqft | AED 790KAED 790,000 · Feb 2021February 2021 | 72,000 /yr | |
| 514 | 1-bed | 907 sqft | AED 1.2MAED 1,201,641 · Dec 2023December 2023 | ||
| 515 | Studio | 605 sqft | AED 605KAED 605,000 · Jul 2022July 2022 | 50,000 /yr | |
| 516 | 4-bed | 2,172 sqft | AED 2.46MAED 2,461,540 · Jun 2021June 2021 | ||
| 517 | Studio | 492 sqft | AED 795KAED 795,000 · Jan 2026January 2026 | 54,000 /yr | |
| 518 | 4-bed | 2,191 sqft | AED 2.54MAED 2,538,460 · Jun 2021June 2021 | 195,000 /yr | |
| 519 | Studio | 506 sqft | AED 650KAED 650,000 · Mar 2020March 2020 | 58,000 /yr | |
| 520 | Studio | 503 sqft | AED 650KAED 650,000 · Mar 2020March 2020 | 52,000 /yr | |
| 521 | Studio | 475 sqft | AED 618KAED 617,580 · May 2022May 2022 | 71,400 /yr | |
| 522 | Studio | 478 sqft | AED 618KAED 617,580 · May 2022May 2022 | 58,000 /yr | |
| 523 | Studio | 495 sqft | AED 610KAED 610,000 · Nov 2022November 2022 | 59,000 /yr |
509, Elite Business Bay Residence in numbers
- Sold 3 times: first on 14 February 2021 for AED 811,203, last on 11 December 2023 for AED 1,665,741 (AED 1,272 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 11 December 2023.
Questions about 509, Elite Business Bay Residence
What did unit 509 last sell for?
AED 1,665,741 on 11 December 2023: AED 1,272 per sqft for 1,309 sqft. The unit has 3 registered sales; the first was AED 811,203 in February 2021.
How big is unit 509?
1,309 sqft (121.6 sqm): a two-bedroom apartment on the 5th floor of a 23-storey tower completed in 2021.
What is unit 509 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 509, Elite Business Bay Residence
Starts from the last sale price (AED 1.67M, 11 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,665,741
- Deposit, UAE resident (20%)
- AED 333,148
- Deposit, non-resident (40%)
- AED 666,296
- Monthly over 25 years at 3.7%
- AED 6,815
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →