3-bed · 1,965 sqftNoura Tower, Business Bay · 58th floor · completed 2022

5803, Noura Tower

Sold prices and rental history: sold once, by the developer in July 2016, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5803 · DLD and Ejari recordsUpdated 15 April 2021
Last soldAED 5.4M25 July 2016
Current rentAED 125K /yr15 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5803, Noura Tower

What is 5803 worth today?

Last sold for AED 5,402,750 in 2016

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15 Apr 2021RentedNew contract
AED 125,000/yr12 months · AED 63 per sqft
15 Mar 2020RentedNew contract
AED 135,000/yr12 months · AED 69 per sqft
25 Jul 2016Sold by developerOff-plan
AED 5,402,750AED 2,778 per sqft

Source: Dubai Land Department. Updated 15 April 2021.

Key facts

Type
3-bed apartment
Size
1,965 sqft
Floor
58th of 68
Parking
L2-284,L2-285
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 30,500 /yr
Last sold
AED 5.4M · July 2016
Building
Noura Tower

About 5803, Noura Tower

5803 is a three-bedroom apartment of 1,965 sqft on the 58th 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 25 July 2016 for AED 5,402,750, or AED 2,778 per sqft, in line with the AED 2,704 three-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 15 April 2021, is AED 125,000 a year: a gross yield of 2.3% on the 2016 price, before the service charge of about AED 30,500 a year.

Sales and rents for 5803 over time

Sales
Unit 5803, 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 2016: AED 5,402,750 (AED 2,778 per sqft)

5803 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5803, 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, March 2020: AED 135,000 a yearNew contract, April 2021: AED 125,000 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 5803 sits

All 85 3-beds →

5803 last sold in July 2016 at AED 2,778 per sqft, in line with what three-beds in Noura Tower were fetching at the time (AED 2,704). 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. 5803's AED 125,000 is at the bottom 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 58th floor

All 544 units in Noura Tower
Value
58013-bedAED 5.09M · Jul 2016
58023-bedAED 5.25M · Jul 2016
58043-bedAED 5.44M · Jul 2016
58052-bedAED 3.98M · Jul 2016
58062-bedAED 3.52M · Jul 2016
58072-bedAED 3.96M · Jul 2016
58082-bedAED 3.49M · Jul 2016

5803, Noura Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 25 July 2016 for AED 5,402,750, or AED 2,778 per sqft.
  • Rented since March 2020 on 2 Ejari contracts, from AED 135,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2016 price is 2.3%, 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 15 April 2021.

Questions about 5803, Noura Tower

What did unit 5803 last sell for?

AED 5,402,750 on 25 July 2016, sold by the developer: AED 2,778 per sqft for 1,965 sqft. It is the only registered sale of the unit.

What is the rent for unit 5803?

AED 125,000 a year on the contract signed on 15 April 2021. The previous contract, from March 2020, was AED 135,000.

How big is unit 5803?

1,965 sqft (182.6 sqm): a three-bedroom apartment on the 58th floor of a 68-storey tower completed in 2022.

What is unit 5803 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 5803, Noura Tower

Starts from the last sale price (AED 5.4M, 25 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 5,402,750
Deposit, UAE resident (20%)
AED 1,080,550
Deposit, non-resident (40%)
AED 2,161,100
Monthly over 25 years at 3.7%
AED 22,104

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