2-bed · 1,511 sqftNoura Tower, Business Bay · 35th floor · completed 2022

3501, Noura Tower

Sold prices and rental history: sold twice, last in May 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3501 · DLD and Ejari recordsUpdated 22 May 2023
Last soldAED 2.3M22 May 2023
Current rentAED 95K /yr16 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3501, Noura Tower

What is 3501 worth today?

Last sold for AED 2,300,000 in 2023

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22 May 2023SoldReady
AED 2,300,000AED 1,521 per sqft
16 Jun 2021RentedNew contract
AED 95,000/yr12 months · AED 63 per sqft
19 Apr 2021Sold by developerReady
AED 1,889,063AED 1,249 per sqft
15 Jul 2020RentedRenewal
AED 92,400/yr12 months · AED 61 per sqft
6 Sep 2019RentedNew contract
AED 92,400/yr10 months · AED 61 per sqft

Source: Dubai Land Department. Updated 22 May 2023.

Key facts

Type
2-bed apartment
Size
1,511 sqft
Floor
35th of 68
Parking
L5-165
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 23,500 /yr
Last sold
AED 2.3M · May 2023
Building
Noura Tower

About 3501, Noura Tower

3501 is a two-bedroom apartment of 1,511 sqft on the 35th floor of Noura Tower, a 68-storey tower in Business Bay completed in 2022 by Al Habtoor City Real Estate Development. It last sold on 22 May 2023 for AED 2,300,000, or AED 1,521 per sqft, 12% above the AED 1,361 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 16 June 2021, is AED 95,000 a year: a gross yield of 4.1% on the 2023 price, before the service charge of about AED 23,500 a year.

Sales and rents for 3501 over time

Sales
Unit 3501, 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, April 2021: AED 1,889,063 (AED 1,249 per sqft)Sold, May 2023: AED 2,300,000 (AED 1,521 per sqft)

3501 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3501, 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, September 2019: AED 92,400 a yearRenewal, July 2020: AED 92,400 a yearNew contract, June 2021: AED 95,000 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 3501 sits

All 276 2-beds →

3501 last sold in May 2023 at AED 1,521 per sqft, 12% above what two-beds in Noura Tower were fetching at the time (AED 1,361). 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. 3501's AED 95,000 is at the bottom 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 35th floor

All 544 units in Noura Tower
Value
35022-bedAED 1.52M · Feb 2022
35031-bedAED 1.7M · Aug 2022
35042-bedAED 258K · Jan 2024
35051-bedAED 1.09M · Dec 2020
35061-bedAED 1.75M · Oct 2019
35071-bedAED 1.66M · Nov 2018
35081-bedAED 1.05M · Feb 2021
1–7 of 10

3501, Noura Tower in numbers

  • Sold twice: first on 19 April 2021 for AED 1,889,063, last on 22 May 2023 for AED 2,300,000 (AED 1,521 per sqft).
  • Rented since September 2019 on 3 Ejari contracts, from AED 92,400 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 4.1%, 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 22 May 2023.

Questions about 3501, Noura Tower

What did unit 3501 last sell for?

AED 2,300,000 on 22 May 2023: AED 1,521 per sqft for 1,511 sqft. The unit has 2 registered sales; the first was AED 1,889,063 in April 2021.

What is the rent for unit 3501?

AED 95,000 a year on the contract signed on 16 June 2021. The previous contract, from July 2020, was AED 92,400; the unit has been rented since September 2019.

How big is unit 3501?

1,511 sqft (140.4 sqm): a two-bedroom apartment on the 35th floor of a 68-storey tower completed in 2022.

What is unit 3501 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 3501, Noura Tower

Starts from the last sale price (AED 2.3M, 22 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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