2-bed · 1,511 sqftNoura Tower, Business Bay · 12th floor · completed 2022

1201, Noura Tower

Sold prices and rental history: sold once, by the developer in August 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1201 · DLD and Ejari recordsUpdated 11 December 2023
Last soldAED 3.14M29 August 2016
Current rentAED 110K /yr11 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1201, Noura Tower

What is 1201 worth today?

Last sold for AED 3,140,546 in 2016

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11 Dec 2023RentedRenewal
AED 110,000/yr12 months · AED 73 per sqft
11 Dec 2022RentedRenewal
AED 110,000/yr12 months · AED 73 per sqft
11 Nov 2021RentedNew contract
AED 110,000/yr13 months · AED 73 per sqft
14 Jan 2020RentedNew contract
AED 105,000/yr12 months · AED 70 per sqft
29 Aug 2016Sold by developerOff-plan
AED 3,140,546AED 2,077 per sqft

Source: Dubai Land Department. Updated 11 December 2023.

Key facts

Type
2-bed apartment
Size
1,511 sqft
Floor
12th of 68
Parking
B-286
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 23,500 /yr
Last sold
AED 3.14M · August 2016
Building
Noura Tower

About 1201, Noura Tower

1201 is a two-bedroom apartment of 1,511 sqft on the 12th floor of Noura Tower, a 68-storey tower in Business Bay completed in 2022 by Al Habtoor City Real Estate Development. The developer sold it on 29 August 2016 for AED 3,140,546, or AED 2,077 per sqft, 15% below the AED 2,455 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 11 December 2023, is AED 110,000 a year: a gross yield of 3.5% on the 2016 price, before the service charge of about AED 23,500 a year.

Sales and rents for 1201 over time

Sales
Unit 1201, each saleTypical two-bed in Noura Tower
2M3M2016201920222025Typical sale price by year: 2016 AED 3,452,195; 2017 AED 2,646,271; 2018 AED 2,215,873; 2019 AED 2,100,000; 2020 AED 1,813,500; 2021 AED 1,698,013; 2022 AED 1,661,792; 2023 AED 2,290,000; 2024 AED 2,350,000; 2025 AED 2,400,000; 2026 AED 2,462,500Sold by developer, August 2016: AED 3,140,546 (AED 2,077 per sqft)

1201 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1201, each contractTypical two-bed in Noura Tower
100K150K2018202120242027Typical rent by year: 2018 AED 110,000; 2019 AED 105,000; 2020 AED 95,000; 2021 AED 92,250; 2022 AED 114,000; 2023 AED 130,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 145,000New contract, January 2020: AED 105,000 a yearNew contract, November 2021: AED 110,000 a yearRenewal, December 2022: AED 110,000 a yearRenewal, December 2023: AED 110,000 a year

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

2-beds in Noura Tower, and where 1201 sits

All 276 2-beds →

1201 last sold in August 2016 at AED 2,077 per sqft, 15% below what two-beds in Noura Tower were fetching at the time (AED 2,455). Over the last 12 months two-beds sold for AED 1,893,880 to 2,750,000, around AED 1,654 per sqft, and rent for AED 100,000 to 190,000 a year. 1201's AED 110,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Nov 20262,100,000
20 Aug 20262,425,000
19 Aug 20262,180,000
20 Jul 20262,500,000
15 2-bed sales in the last 12 months

Noura Tower

Building

544 apartments, 1-bed to 6-bed over 68 floors in Business Bay, completed in 2022 by Al Habtoor City Real Estate Development. 42 sold in the last 12 months.

Typical price per sqft
AED 1,824 Up 2.1%
Typical sale
AED 2.31M
Typical rent
AED 140K /yr
Typical yield
5.8%
Noura Tower, Business Bay: prices, sales and rents →

Other units on the 12th floor

All 544 units in Noura Tower
Value
12022-bedAED 2.86M · Oct 2016
12031-bedAED 450K · Oct 2021
12042-bedAED 3.44M · Aug 2016
12051-bedAED 2.13M · Jun 2016
12061-bedAED 1.85M · Dec 2024
12071-bedAED 1.74M · Nov 2025
12081-bedAED 1.7M · Aug 2016
1–7 of 10

1201, Noura Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 29 August 2016 for AED 3,140,546, or AED 2,077 per sqft.
  • Rented since January 2020 on 4 Ejari contracts, from AED 105,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2016 price is 3.5%, before a service charge of about AED 23,500 a year (AED 15.53 per sqft).
  • Two-beds in Noura Tower sold for AED 1,893,880–2,750,000 in the 12 months to November 2026; the building's median across all types is AED 1,824 per sqft.

Source: Dubai Land Department. Updated 11 December 2023.

Questions about 1201, Noura Tower

What did unit 1201 last sell for?

AED 3,140,546 on 29 August 2016, sold by the developer: AED 2,077 per sqft for 1,511 sqft. It is the only registered sale of the unit.

What is the rent for unit 1201?

AED 110,000 a year on the contract renewed on 11 December 2023. The previous contract, from December 2022, was AED 110,000; the unit has been rented since January 2020.

How big is unit 1201?

1,511 sqft (140.4 sqm): a two-bedroom apartment on the 12th floor of a 68-storey tower completed in 2022.

What is unit 1201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Noura Tower sold for AED 1,893,880 to 2,750,000 in the last 12 months, around AED 1,654 per sqft.

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Mortgage on 1201, Noura Tower

Starts from the last sale price (AED 3.14M, 29 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,140,546
Deposit, UAE resident (20%)
AED 628,109
Deposit, non-resident (40%)
AED 1,256,218
Monthly over 25 years at 3.7%
AED 12,849

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