2-bed · 1,359 sqftNoura Tower, Business Bay · 58th floor · completed 2022

5808, Noura Tower

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

Unit 5808 · DLD and Ejari recordsUpdated 15 March 2024
Last soldAED 3.49M25 July 2016
Current rentAED 140K /yr15 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5808, Noura Tower

What is 5808 worth today?

Last sold for AED 3,493,959 in 2016

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15 Mar 2024RentedNew contract
AED 140,000/yr12 months · AED 103 per sqft
27 Feb 2023RentedRenewal
AED 130,000/yr12 months · AED 96 per sqft
27 Feb 2022RentedRenewal
AED 94,500/yr12 months · AED 70 per sqft
27 Feb 2021RentedRenewal
AED 90,000/yr12 months · AED 66 per sqft
27 Feb 2020RentedNew contract
AED 100,000/yr12 months · AED 74 per sqft
25 Jul 2016Sold by developerOff-plan
AED 3,493,959AED 2,570 per sqft

Source: Dubai Land Department. Updated 15 March 2024.

Key facts

Type
2-bed apartment
Size
1,359 sqft
Floor
58th of 68
Parking
L5-160
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 21,100 /yr
Last sold
AED 3.49M · July 2016
Building
Noura Tower

About 5808, Noura Tower

5808 is a two-bedroom apartment of 1,359 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 3,493,959, or AED 2,570 per sqft, in line with the AED 2,577 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 15 March 2024, is AED 140,000 a year: a gross yield of 4.0% on the 2016 price, before the service charge of about AED 21,100 a year.

Sales and rents for 5808 over time

Sales
Unit 5808, 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, July 2016: AED 3,493,959 (AED 2,570 per sqft)

5808 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5808, 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, February 2020: AED 100,000 a yearRenewal, February 2021: AED 90,000 a yearRenewal, February 2022: AED 94,500 a yearRenewal, February 2023: AED 130,000 a yearNew contract, March 2024: AED 140,000 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 5808 sits

All 276 2-beds →

5808 last sold in July 2016 at AED 2,570 per sqft, in line with what two-beds in Noura Tower were fetching at the time (AED 2,577). 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. 5808's AED 140,000 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 58th floor

All 544 units in Noura Tower
Value
58013-bedAED 5.09M · Jul 2016
58023-bedAED 5.25M · Jul 2016
58033-bedAED 5.4M · 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

5808, Noura Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 25 July 2016 for AED 3,493,959, or AED 2,570 per sqft.
  • Rented since February 2020 on 5 Ejari contracts, from AED 100,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2016 price is 4.0%, before a service charge of about AED 21,100 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 15 March 2024.

Questions about 5808, Noura Tower

What did unit 5808 last sell for?

AED 3,493,959 on 25 July 2016, sold by the developer: AED 2,570 per sqft for 1,359 sqft. It is the only registered sale of the unit.

What is the rent for unit 5808?

AED 140,000 a year on the contract signed on 15 March 2024. The previous contract, from February 2023, was AED 130,000; the unit has been rented since February 2020.

How big is unit 5808?

1,359 sqft (126.3 sqm): a two-bedroom apartment on the 58th floor of a 68-storey tower completed in 2022.

What is unit 5808 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 5808, Noura Tower

Starts from the last sale price (AED 3.49M, 25 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,493,959
Deposit, UAE resident (20%)
AED 698,792
Deposit, non-resident (40%)
AED 1,397,584
Monthly over 25 years at 3.7%
AED 14,295

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