2-bed · 1,511 sqftNoura Tower, Business Bay · 53rd floor · completed 2022

5305, Noura Tower

Sold prices and rental history: sold twice, last in June 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5305 · DLD and Ejari recordsUpdated 12 June 2024
Last soldAED 3.1M12 June 2024
Current rentAED 100K /yr16 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5305, Noura Tower

What is 5305 worth today?

Last sold for AED 3,100,000 in 2024

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12 Jun 2024SoldReady
AED 3,100,000AED 2,051 per sqft
16 Nov 2022RentedNew contract
AED 100,000/yr12 months · AED 66 per sqft
17 Feb 2021Sold by developerReady
AED 1,800,000AED 1,191 per sqft
13 Jul 2020RentedRenewal
AED 100,000/yr12 months · AED 66 per sqft
11 Dec 2019RentedNew contract
AED 100,000/yr7 months · AED 66 per sqft

Source: Dubai Land Department. Updated 12 June 2024.

Key facts

Type
2-bed apartment
Size
1,511 sqft
Floor
53rd of 68
Parking
L2-205
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 23,500 /yr
Last sold
AED 3.1M · June 2024
Building
Noura Tower

About 5305, Noura Tower

5305 is a two-bedroom apartment of 1,511 sqft on the 53rd 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 12 June 2024 for AED 3,100,000, or AED 2,051 per sqft, 27% above the AED 1,613 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 November 2022, is AED 100,000 a year: a gross yield of 3.2% on the 2024 price, before the service charge of about AED 23,500 a year.

Sales and rents for 5305 over time

Sales
Unit 5305, 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, February 2021: AED 1,800,000 (AED 1,191 per sqft)Sold, June 2024: AED 3,100,000 (AED 2,051 per sqft)

5305 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5305, 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, December 2019: AED 100,000 a yearRenewal, July 2020: AED 100,000 a yearNew contract, November 2022: AED 100,000 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 5305 sits

All 276 2-beds →

5305 last sold in June 2024 at AED 2,051 per sqft, 27% above what two-beds in Noura Tower were fetching at the time (AED 1,613). 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. 5305's AED 100,000 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 53rd floor

All 544 units in Noura Tower
Value
53013-bedAED 3.28M · Jun 2020
53023-bedAED 3.32M · Jun 2020
53033-bedAED 2.4M · Feb 2021
53043-bedAED 3.26M · Jun 2020
53062-bedAED 1.6M · Jan 2021
53072-bedAED 1.87M · Jan 2021
53082-bedAED 1.56M · May 2021

5305, Noura Tower in numbers

  • Sold twice: first on 17 February 2021 for AED 1,800,000, last on 12 June 2024 for AED 3,100,000 (AED 2,051 per sqft).
  • Rented since December 2019 on 3 Ejari contracts, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2024 price is 3.2%, 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 12 June 2024.

Questions about 5305, Noura Tower

What did unit 5305 last sell for?

AED 3,100,000 on 12 June 2024: AED 2,051 per sqft for 1,511 sqft. The unit has 2 registered sales; the first was AED 1,800,000 in February 2021.

What is the rent for unit 5305?

AED 100,000 a year on the contract signed on 16 November 2022. The previous contract, from July 2020, was AED 100,000; the unit has been rented since December 2019.

How big is unit 5305?

1,511 sqft (140.4 sqm): a two-bedroom apartment on the 53rd floor of a 68-storey tower completed in 2022.

What is unit 5305 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 5305, Noura Tower

Starts from the last sale price (AED 3.1M, 12 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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