2-bed · 1,496 sqftNoura Tower, Business Bay · 46th floor · completed 2022

4607, Noura Tower

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

Unit 4607 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 2.2M23 May 2023
Current rentAED 113K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4607, Noura Tower

What is 4607 worth today?

Last sold for AED 2,200,000 in 2023

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1 Sep 2023RentedNew contract
AED 112,500/yr10 months · AED 75 per sqft
23 May 2023SoldReady
AED 2,200,000AED 1,470 per sqft
1 Sep 2022RentedRenewal
AED 112,500/yr12 months · AED 75 per sqft
1 Sep 2021RentedNew contract
AED 98,000/yr12 months · AED 65 per sqft
23 May 2021Sold by developerReady
AED 1,870,100AED 1,249 per sqft
1 Sep 2020RentedRenewal
AED 100,000/yr12 months · AED 67 per sqft
1 Sep 2019RentedNew contract
AED 115,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
2-bed apartment
Size
1,496 sqft
Floor
46th of 68
Parking
L2-215
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 23,200 /yr
Last sold
AED 2.2M · May 2023
Building
Noura Tower

About 4607, Noura Tower

4607 is a two-bedroom apartment of 1,496 sqft on the 46th 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 23 May 2023 for AED 2,200,000, or AED 1,470 per sqft, 8% above the AED 1,361 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 September 2023, is AED 112,500 a year: a gross yield of 5.1% on the 2023 price, before the service charge of about AED 23,200 a year.

Sales and rents for 4607 over time

Sales
Unit 4607, 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, May 2021: AED 1,870,100 (AED 1,249 per sqft)Sold, May 2023: AED 2,200,000 (AED 1,470 per sqft)

4607 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4607, 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 115,000 a yearRenewal, September 2020: AED 100,000 a yearNew contract, September 2021: AED 98,000 a yearRenewal, September 2022: AED 112,500 a yearNew contract, September 2023: AED 112,500 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 4607 sits

All 276 2-beds →

4607 last sold in May 2023 at AED 1,470 per sqft, 8% 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. 4607's AED 112,500 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 46th floor

All 544 units in Noura Tower
Value
46013-bedAED 2.9M · May 2022
46023-bedAED 3.17M · Jun 2020
46033-bedAED 4M · Jun 2024
46043-bedAED 3.11M · Jun 2020
46052-bedAED 1.96M · Mar 2021
46062-bedAED 1.53M · Dec 2020
46082-bedAED 2.25M · Jun 2024

4607, Noura Tower in numbers

  • Sold twice: first on 23 May 2021 for AED 1,870,100, last on 23 May 2023 for AED 2,200,000 (AED 1,470 per sqft).
  • Rented since September 2019 on 5 Ejari contracts. The rent fell from AED 115,000 to AED 98,000 in 2021 and recovered to AED 112,500 by September 2023.
  • At AED 112,500 a year the gross yield on the 2023 price is 5.1%, before a service charge of about AED 23,200 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 1 September 2023.

Questions about 4607, Noura Tower

What did unit 4607 last sell for?

AED 2,200,000 on 23 May 2023: AED 1,470 per sqft for 1,496 sqft. The unit has 2 registered sales; the first was AED 1,870,100 in May 2021.

What is the rent for unit 4607?

AED 112,500 a year on the contract signed on 1 September 2023. The previous contract, from September 2022, was AED 112,500; the unit has been rented since September 2019.

How big is unit 4607?

1,496 sqft (139.0 sqm): a two-bedroom apartment on the 46th floor of a 68-storey tower completed in 2022.

What is unit 4607 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 4607, Noura Tower

Starts from the last sale price (AED 2.2M, 23 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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