2-bed · 1,511 sqftNoura Tower, Business Bay · 56th floor · completed 2022

5605, 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 5605 · DLD and Ejari recordsUpdated 8 May 2023
Last soldAED 2.25M8 May 2023
Current rentAED 115K /yr13 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5605, Noura Tower

What is 5605 worth today?

Last sold for AED 2,250,000 in 2023

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8 May 2023SoldReady
AED 2,250,000AED 1,489 per sqft
13 Jan 2022RentedNew contract
AED 115,000/yr12 months · AED 76 per sqft
8 Jan 2022RentedNew contract
AED 115,000/yr12 months · AED 76 per sqft
20 Jan 2021RentedNew contract
AED 92,000/yr12 months · AED 61 per sqft
4 Jan 2021Sold by developerReady
AED 2,114,994AED 1,399 per sqft
4 Oct 2019RentedNew contract
AED 135,000/yr12 months · AED 89 per sqft

Source: Dubai Land Department. Updated 8 May 2023.

Key facts

Type
2-bed apartment
Size
1,511 sqft
Floor
56th of 68
Parking
B-293
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 23,500 /yr
Last sold
AED 2.25M · May 2023
Building
Noura Tower

About 5605, Noura Tower

5605 is a two-bedroom apartment of 1,511 sqft on the 56th 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 8 May 2023 for AED 2,250,000, or AED 1,489 per sqft, 10% above the AED 1,352 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 13 January 2022, is AED 115,000 a year: a gross yield of 5.1% on the 2023 price, before the service charge of about AED 23,500 a year.

Sales and rents for 5605 over time

Sales
Unit 5605, 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 2,114,994 (AED 1,399 per sqft)Sold, May 2023: AED 2,250,000 (AED 1,489 per sqft)

5605 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5605, 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, October 2019: AED 135,000 a yearNew contract, January 2021: AED 92,000 a yearNew contract, January 2022: AED 115,000 a yearNew contract, January 2022: AED 115,000 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 5605 sits

All 276 2-beds →

5605 last sold in May 2023 at AED 1,489 per sqft, 10% above what two-beds in Noura Tower were fetching at the time (AED 1,352). 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. 5605's AED 115,000 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 56th floor

All 544 units in Noura Tower
Value
56013-bedAED 3.35M · Jul 2020
56023-bedAED 2.45M · Dec 2021
56033-bedAED 5.38M · Aug 2016
56043-bedAED 3.55M · Jul 2023
56062-bedAED 2.5M · Mar 2025
56072-bedAED 2.4M · Feb 2024
56082-bedAED 2.2M · Dec 2023

5605, Noura Tower in numbers

  • Sold twice: first on 4 January 2021 for AED 2,114,994, last on 8 May 2023 for AED 2,250,000 (AED 1,489 per sqft).
  • Rented since October 2019 on 4 Ejari contracts. The rent fell from AED 135,000 to AED 92,000 in 2021 and recovered to AED 115,000 by January 2022.
  • At AED 115,000 a year the gross yield on the 2023 price is 5.1%, 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 8 May 2023.

Questions about 5605, Noura Tower

What did unit 5605 last sell for?

AED 2,250,000 on 8 May 2023: AED 1,489 per sqft for 1,511 sqft. The unit has 2 registered sales; the first was AED 2,114,994 in January 2021.

What is the rent for unit 5605?

AED 115,000 a year on the contract signed on 13 January 2022. The previous contract, from January 2022, was AED 115,000; the unit has been rented since October 2019.

How big is unit 5605?

1,511 sqft (140.4 sqm): a two-bedroom apartment on the 56th floor of a 68-storey tower completed in 2022.

What is unit 5605 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 5605, Noura Tower

Starts from the last sale price (AED 2.25M, 8 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

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