3-bed · 1,965 sqftNoura Tower, Business Bay · 55th floor · completed 2022

5501, Noura Tower

Sold prices and rental history: sold once, by the developer in July 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5501 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 3.3M1 July 2020
Current rentAED 182K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5501, Noura Tower

What is 5501 worth today?

Last sold for AED 3,297,796 in 2020

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1 Dec 2024RentedRenewal
AED 181,500/yr12 months · AED 92 per sqft
1 Dec 2024RentedRenewal
AED 181,500/yr12 months · AED 92 per sqft
1 Dec 2023RentedRenewal
AED 165,000/yr12 months · AED 84 per sqft
1 Dec 2022RentedNew contract
AED 150,000/yr12 months · AED 76 per sqft
1 Dec 2021RentedNew contract
AED 150,000/yr12 months · AED 77 per sqft
15 Oct 2020RentedNew contract
AED 115,000/yr12 months · AED 59 per sqft
1 Jul 2020Sold by developerReady
AED 3,297,796AED 1,678 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
3-bed apartment
Size
1,965 sqft
Floor
55th of 68
Parking
L5-134,L5-152
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 30,500 /yr
Last sold
AED 3.3M · July 2020
Building
Noura Tower

About 5501, Noura Tower

5501 is a three-bedroom apartment of 1,965 sqft on the 55th 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 1 July 2020 for AED 3,297,796, or AED 1,678 per sqft, in line with the AED 1,669 three-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 181,500 a year: a gross yield of 5.5% on the 2020 price, before the service charge of about AED 30,500 a year.

Sales and rents for 5501 over time

Sales
Unit 5501, each saleTypical three-bed in Noura Tower
2M4M6M2016201920222025Typical sale price by year: 2016 AED 5,312,797; 2017 AED 5,483,840; 2019 AED 3,650,000; 2020 AED 3,280,635; 2021 AED 2,316,965; 2022 AED 2,900,000; 2023 AED 3,250,000; 2024 AED 3,580,000; 2025 AED 3,700,000; 2026 AED 3,715,000Sold by developer, July 2020: AED 3,297,796 (AED 1,678 per sqft)

5501 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5501, each contractTypical three-bed in Noura Tower
100K150K200K20192021202320252027Typical rent by year: 2019 AED 135,000; 2020 AED 115,000; 2021 AED 130,000; 2022 AED 155,000; 2023 AED 180,000; 2024 AED 215,000; 2025 AED 212,500; 2026 AED 205,001New contract, October 2020: AED 115,000 a yearNew contract, December 2021: AED 150,000 a yearNew contract, December 2022: AED 150,000 a yearRenewal, December 2023: AED 165,000 a yearRenewal, December 2024: AED 181,500 a yearRenewal, December 2024: AED 181,500 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Noura Tower, and where 5501 sits

All 85 3-beds →

5501 last sold in July 2020 at AED 1,678 per sqft, in line with what three-beds in Noura Tower were fetching at the time (AED 1,669). Over the last 12 months three-beds sold for AED 3,350,000 to 4,100,000, around AED 1,878 per sqft, and rent for AED 176,091 to 300,000 a year. 5501's AED 181,500 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
25 Sep 20263,680,000
27 Aug 20263,900,000
16 Jul 20263,600,000
16 Jul 20263,350,000
6 3-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 55th floor

All 544 units in Noura Tower
Value
55023-bedAED 3.37M · Jun 2020
55033-bedAED 5.38M · Sep 2016
55043-bedAED 3.31M · Jun 2020
55052-bedAED 1.81M · Jan 2021
55062-bedAED 2.29M · May 2023
55072-bedAED 1.87M · Jan 2021
55082-bedAED 1.56M · Apr 2021

5501, Noura Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 1 July 2020 for AED 3,297,796, or AED 1,678 per sqft.
  • Rented since October 2020 on 6 Ejari contracts, from AED 115,000 to AED 181,500 a year.
  • At AED 181,500 a year the gross yield on the 2020 price is 5.5%, before a service charge of about AED 30,500 a year (AED 15.53 per sqft).
  • Three-beds in Noura Tower sold for AED 3,350,000–4,100,000 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 December 2024.

Questions about 5501, Noura Tower

What did unit 5501 last sell for?

AED 3,297,796 on 1 July 2020, sold by the developer: AED 1,678 per sqft for 1,965 sqft. It is the only registered sale of the unit.

What is the rent for unit 5501?

AED 181,500 a year on the contract renewed on 1 December 2024. The previous contract, from December 2024, was AED 181,500; the unit has been rented since October 2020.

How big is unit 5501?

1,965 sqft (182.6 sqm): a three-bedroom apartment on the 55th floor of a 68-storey tower completed in 2022.

What is unit 5501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Noura Tower sold for AED 3,350,000 to 4,100,000 in the last 12 months, around AED 1,878 per sqft.

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Mortgage on 5501, Noura Tower

Starts from the last sale price (AED 3.3M, 1 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 3,297,796
Deposit, UAE resident (20%)
AED 659,559
Deposit, non-resident (40%)
AED 1,319,118
Monthly over 25 years at 3.7%
AED 13,492

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