2-bed · 1,359 sqftNoura Tower, Business Bay · 45th floor · completed 2022

4508, Noura Tower

Sold prices and rental history: sold 3 times, last in March 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4508 · DLD and Ejari recordsUpdated 28 March 2023
Last soldAED 1.03M28 March 2023
Current rentAED 85K /yr1 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4508, Noura Tower

What is 4508 worth today?

Last sold for AED 1,025,000 in 2023

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28 Mar 2023SoldReady
AED 1,025,000AED 754 per sqft
29 Sep 2022SoldReady
AED 1,025,000AED 754 per sqft
1 Aug 2022RentedRenewal
AED 85,000/yr10 months · AED 63 per sqft
1 Aug 2021Sold by developerReady
AED 1,563,161AED 1,149 per sqft
1 Aug 2021RentedNew contract
AED 85,000/yr12 months · AED 63 per sqft
1 Aug 2020RentedNew contract
AED 72,000/yr12 months · AED 53 per sqft
1 Feb 2020RentedNew contract
AED 112,500/yr12 months · AED 83 per sqft
5 Mar 2019RentedNew contract
AED 95,000/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 28 March 2023.

Key facts

Type
2-bed apartment
Size
1,359 sqft
Floor
45th of 68
Parking
L3-209
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 21,100 /yr
Last sold
AED 1.03M · March 2023
Building
Noura Tower

About 4508, Noura Tower

4508 is a two-bedroom apartment of 1,359 sqft on the 45th 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 28 March 2023 for AED 1,025,000, or AED 754 per sqft, 43% below the AED 1,333 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 August 2022, is AED 85,000 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 21,100 a year.

Sales and rents for 4508 over time

Sales
Unit 4508, each saleTypical two-bed in Noura Tower
2M2016201920222025Typical 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 2021: AED 1,563,161 (AED 1,149 per sqft)Sold, September 2022: AED 1,025,000 (AED 754 per sqft)Sold, March 2023: AED 1,025,000 (AED 754 per sqft)

4508 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4508, 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, March 2019: AED 95,000 a yearNew contract, February 2020: AED 112,500 a yearNew contract, August 2020: AED 72,000 a yearNew contract, August 2021: AED 85,000 a yearRenewal, August 2022: AED 85,000 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 4508 sits

All 276 2-beds →

4508 last sold in March 2023 at AED 754 per sqft, 43% below what two-beds in Noura Tower were fetching at the time (AED 1,333). 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. 4508's AED 85,000 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 45th floor

All 544 units in Noura Tower
Value
45013-bedAED 3.35M · Jul 2026
45023-bedAED 2.05M · Feb 2021
45033-bedAED 3.55M · Nov 2019
45043-bedAED 2.31M · Feb 2021
45052-bedAED 2.1M · Feb 2023
45062-bedAED 2.4M · Mar 2026
45072-bedAED 2.5M · Nov 2019

4508, Noura Tower in numbers

  • Sold 3 times: first on 1 August 2021 for AED 1,563,161, last on 28 March 2023 for AED 1,025,000 (AED 754 per sqft).
  • Rented since March 2019 on 5 Ejari contracts. The rent fell from AED 95,000 to AED 72,000 in 2020 and recovered to AED 85,000 by August 2022.
  • At AED 85,000 a year the gross yield on the 2023 price is 8.3%, before a service charge of about AED 21,100 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 28 March 2023.

Questions about 4508, Noura Tower

What did unit 4508 last sell for?

AED 1,025,000 on 28 March 2023: AED 754 per sqft for 1,359 sqft. The unit has 3 registered sales; the first was AED 1,563,161 in August 2021.

What is the rent for unit 4508?

AED 85,000 a year on the contract renewed on 1 August 2022. The previous contract, from August 2021, was AED 85,000; the unit has been rented since March 2019.

How big is unit 4508?

1,359 sqft (126.3 sqm): a two-bedroom apartment on the 45th floor of a 68-storey tower completed in 2022.

What is unit 4508 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 4508, Noura Tower

Starts from the last sale price (AED 1.03M, 28 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,025,000
Deposit, UAE resident (20%)
AED 205,000
Deposit, non-resident (40%)
AED 410,000
Monthly over 25 years at 3.7%
AED 4,194

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