1-bed · 1,033 sqftNoura Tower, Business Bay · 14th floor · completed 2022

1406, Noura Tower

Sold prices and rental history: sold once, by the developer in August 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1406 · DLD and Ejari recordsUpdated 3 November 2024
Last soldAED 2.31M1 August 2016
Current rentAED 113K /yr3 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1406, Noura Tower

What is 1406 worth today?

Last sold for AED 2,312,124 in 2016

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3 Nov 2024RentedNew contract
AED 113,000/yr12 months · AED 109 per sqft
3 Nov 2023RentedNew contract
AED 113,000/yr12 months · AED 109 per sqft
3 Nov 2022RentedRenewal
AED 70,000/yr12 months · AED 68 per sqft
3 Nov 2021RentedRenewal
AED 62,500/yr12 months · AED 60 per sqft
3 Nov 2020RentedNew contract
AED 55,000/yr12 months · AED 53 per sqft
3 Nov 2019RentedNew contract
AED 72,000/yr12 months · AED 70 per sqft
1 Aug 2016Sold by developerOff-plan
AED 2,312,124AED 2,237 per sqft

Source: Dubai Land Department. Updated 3 November 2024.

Key facts

Type
1-bed apartment
Size
1,033 sqft
Floor
14th of 68
Parking
L5-273
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 16,000 /yr
Last sold
AED 2.31M · August 2016
Building
Noura Tower

About 1406, Noura Tower

1406 is a one-bedroom apartment of 1,033 sqft on the 14th 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 1 August 2016 for AED 2,312,124, or AED 2,237 per sqft, 5% below the AED 2,356 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 3 November 2024, is AED 113,000 a year: a gross yield of 4.9% on the 2016 price, before the service charge of about AED 16,000 a year.

Sales and rents for 1406 over time

Sales
Unit 1406, each saleTypical one-bed in Noura Tower
1M2M2016201920222025Typical sale price by year: 2016 AED 1,939,269; 2017 AED 1,953,235; 2018 AED 1,656,344; 2019 AED 1,600,000; 2020 AED 1,155,811; 2021 AED 1,175,865; 2022 AED 1,372,500; 2023 AED 1,620,000; 2024 AED 1,600,000; 2025 AED 1,690,000; 2026 AED 1,575,000Sold by developer, August 2016: AED 2,312,124 (AED 2,237 per sqft)

1406 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1406, each contractTypical one-bed in Noura Tower
50K100K2018202120242027Typical rent by year: 2018 AED 92,400; 2019 AED 85,000; 2020 AED 75,000; 2021 AED 70,000; 2022 AED 80,000; 2023 AED 95,000; 2024 AED 110,000; 2025 AED 115,000; 2026 AED 105,000New contract, November 2019: AED 72,000 a yearNew contract, November 2020: AED 55,000 a yearRenewal, November 2021: AED 62,500 a yearRenewal, November 2022: AED 70,000 a yearNew contract, November 2023: AED 113,000 a yearNew contract, November 2024: AED 113,000 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 Noura Tower, and where 1406 sits

All 168 1-beds →

1406 last sold in August 2016 at AED 2,237 per sqft, 5% below what one-beds in Noura Tower were fetching at the time (AED 2,356). Over the last 12 months one-beds sold for AED 1,300,000 to 3,100,000, around AED 1,883 per sqft, and rent for AED 70,000 to 300,000 a year. 1406's AED 113,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
6 Aug 20261,550,000
3 Aug 20261,640,000
22 Jul 20261,500,000
22 Jun 20261,700,000
17 1-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 14th floor

All 544 units in Noura Tower
Value
14012-bedAED 2.2M · Mar 2022
14022-bedAED 1.7M · Mar 2023
14031-bedAED 1.8M · Sep 2016
14042-bedAED 3.49M · Aug 2016
14051-bedAED 1.15M · Jun 2021
14071-bedAED 600K · Aug 2019
14081-bedAED 1.72M · Nov 2016
1–7 of 10

1406, Noura Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 1 August 2016 for AED 2,312,124, or AED 2,237 per sqft.
  • Rented since November 2019 on 6 Ejari contracts. The rent fell from AED 72,000 to AED 55,000 in 2020 and recovered to AED 113,000 by November 2024.
  • At AED 113,000 a year the gross yield on the 2016 price is 4.9%, before a service charge of about AED 16,000 a year (AED 15.53 per sqft).
  • One-beds in Noura Tower sold for AED 1,300,000–3,100,000 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 3 November 2024.

Questions about 1406, Noura Tower

What did unit 1406 last sell for?

AED 2,312,124 on 1 August 2016, sold by the developer: AED 2,237 per sqft for 1,033 sqft. It is the only registered sale of the unit.

What is the rent for unit 1406?

AED 113,000 a year on the contract signed on 3 November 2024. The previous contract, from November 2023, was AED 113,000; the unit has been rented since November 2019.

How big is unit 1406?

1,033 sqft (96.0 sqm): a one-bedroom apartment on the 14th floor of a 68-storey tower completed in 2022.

What is unit 1406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Noura Tower sold for AED 1,300,000 to 3,100,000 in the last 12 months, around AED 1,883 per sqft.

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Mortgage on 1406, Noura Tower

Starts from the last sale price (AED 2.31M, 1 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,312,124
Deposit, UAE resident (20%)
AED 462,425
Deposit, non-resident (40%)
AED 924,850
Monthly over 25 years at 3.7%
AED 9,460

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