2-bed · 1,331 sqftNoura Tower, Business Bay · 53rd floor · completed 2022

5306, Noura Tower

Sold prices and rental history: sold once, by the developer in January 2021, and rented once, from June 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5306 · DLD and Ejari recordsUpdated 3 January 2021
Last soldAED 1.6M3 January 2021
Current rentAED 95K /yr1 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5306, Noura Tower

What is 5306 worth today?

Last sold for AED 1,596,888 in 2021

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3 Jan 2021Sold by developerReady
AED 1,596,888AED 1,199 per sqft
1 Jun 2019RentedNew contract
AED 95,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 3 January 2021.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
53rd of 68
Parking
L3-213
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 20,700 /yr
Last sold
AED 1.6M · January 2021
Building
Noura Tower

About 5306, Noura Tower

5306 is a two-bedroom apartment of 1,331 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. The developer sold it on 3 January 2021 for AED 1,596,888, or AED 1,199 per sqft, in line with the AED 1,199 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 June 2019. The current contract, signed on 1 June 2019, is AED 95,000 a year: a gross yield of 5.9% on the 2021 price, before the service charge of about AED 20,700 a year.

Sales and rents for 5306 over time

Sales
Unit 5306, 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, January 2021: AED 1,596,888 (AED 1,199 per sqft)

5306 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5306, 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, June 2019: 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 5306 sits

All 276 2-beds →

5306 last sold in January 2021 at AED 1,199 per sqft, in line with what two-beds in Noura Tower were fetching at the time (AED 1,199). 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. 5306'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 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
53052-bedAED 3.1M · Jun 2024
53072-bedAED 1.87M · Jan 2021
53082-bedAED 1.56M · May 2021

5306, Noura Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 3 January 2021 for AED 1,596,888, or AED 1,199 per sqft.
  • Rented since June 2019 on one Ejari contract, at AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2021 price is 5.9%, before a service charge of about AED 20,700 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 3 January 2021.

Questions about 5306, Noura Tower

What did unit 5306 last sell for?

AED 1,596,888 on 3 January 2021, sold by the developer: AED 1,199 per sqft for 1,331 sqft. It is the only registered sale of the unit.

What is the rent for unit 5306?

AED 95,000 a year on the contract signed on 1 June 2019.

How big is unit 5306?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 53rd floor of a 68-storey tower completed in 2022.

What is unit 5306 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 5306, Noura Tower

Starts from the last sale price (AED 1.6M, 3 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,596,888
Deposit, UAE resident (20%)
AED 319,378
Deposit, non-resident (40%)
AED 638,755
Monthly over 25 years at 3.7%
AED 6,533

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