1-bed · 853 sqftElite Business Bay Residence, Business Bay · 5th floor · completed 2021

511, 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 2023, 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 511 · DLD and Ejari recordsUpdated 1 October 2026

Last soldAED 1.08M2 November 2023

Current rentAED 80K /yr1 October 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 511, Elite Business Bay Residence

Today

What is 511 worth today?

Last sold for AED 1,080,000 in 2023

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1 Oct 2026

1 Oct 2026RentedNew contract

AED 80,000/yr12 months · AED 94 per sqft

7 Jul 2025

7 Jul 2025RentedNew contract

AED 92,000/yr12 months · AED 108 per sqft

7 Jul 2025

7 Jul 2025RentedNew contract

AED 92,000/yr12 months · AED 108 per sqft

15 Apr 2024

15 Apr 2024RentedNew contract

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

15 Nov 2023

15 Nov 2023RentedNew contract

AED 80,000/yr5 months · AED 94 per sqft

2 Nov 2023

2 Nov 2023SoldReady

AED 1,080,000AED 1,265 per sqft

15 Apr 2023

15 Apr 2023RentedNew contract

AED 80,000/yr12 months · AED 94 per sqft

23 Mar 2022

23 Mar 2022RentedNew contract

AED 67,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type: 1-bed apartment
Size: 853 sqft
Floor: 5th of 23
Parking: P1-68
Developer: Range 4 Developments
Completed: 2021
Service charge: AED 10,900 /yr
Last sold: AED 1.08M · November 2023
Building: Elite Business Bay Residence

About 511, Elite Business Bay Residence

511 is a one-bedroom apartment of 853 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 2 November 2023 for AED 1,080,000, or AED 1,265 per sqft, 10% above the AED 1,151 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 8 Ejari contracts. The current contract, signed on 1 October 2026, is AED 80,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 10,900 a year.

Sales and rents for 511 over time

Sales

Unit 511, each saleTypical one-bed in Elite Business Bay Residence

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

Rents

Unit 511, 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 511 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

511 last sold in November 2023 at AED 1,265 per sqft, 10% above 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. 511's AED 80,000 is in the upper half 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 5th floor

All 524 units in Elite Business Bay Residence


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
509	2-bed	1,309 sqft	AED 1.67MAED 1,665,741 · Dec 2023December 2023
510	1-bed	815 sqft	AED 765KAED 765,000 · Feb 2021February 2021	77,175 /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

1–7 of 22

511, Elite Business Bay Residence in numbers

Sold twice: first on 6 March 2019 for AED 900,000, last on 2 November 2023 for AED 1,080,000 (AED 1,265 per sqft).
Rented since February 2021 on 8 Ejari contracts, from AED 60,000 to AED 80,000 a year.
At AED 80,000 a year the gross yield on the 2023 price is 7.4%, 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 1 October 2026.

Questions about 511, Elite Business Bay Residence

What did unit 511 last sell for?

AED 1,080,000 on 2 November 2023: AED 1,265 per sqft for 853 sqft. The unit has 2 registered sales; the first was AED 900,000 in March 2019.

What is the rent for unit 511?

AED 80,000 a year on the contract signed on 1 October 2026. The previous contract, from July 2025, was AED 92,000; the unit has been rented since February 2021.

How big is unit 511?

853 sqft (79.2 sqm): a one-bedroom apartment on the 5th floor of a 23-storey tower completed in 2021.

What is unit 511 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 511, Elite Business Bay Residence

Starts from the last sale price (AED 1.08M, 2 November 2023). 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 →