2-bed · 1,331 sqftNoura Tower, Business Bay · 59th floor · completed 2022

5906, 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 5906 · DLD and Ejari recordsUpdated 7 May 2023
Last soldAED 3.53M25 July 2016
Current rentAED 135K /yr7 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5906, Noura Tower

What is 5906 worth today?

Last sold for AED 3,534,309 in 2016

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7 May 2023RentedNew contract
AED 135,000/yr12 months · AED 101 per sqft
25 Mar 2022RentedRenewal
AED 93,500/yr12 months · AED 70 per sqft
25 Mar 2021RentedNew contract
AED 85,000/yr12 months · AED 64 per sqft
1 Feb 2020RentedNew contract
AED 100,000/yr12 months · AED 75 per sqft
25 Jul 2016Sold by developerOff-plan
AED 3,534,309AED 2,655 per sqft

Source: Dubai Land Department. Updated 7 May 2023.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
59th of 68
Parking
L5-187
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 20,700 /yr
Last sold
AED 3.53M · July 2016
Building
Noura Tower

About 5906, Noura Tower

5906 is a two-bedroom apartment of 1,331 sqft on the 59th 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 3,534,309, or AED 2,655 per sqft, 3% above the AED 2,577 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 7 May 2023, is AED 135,000 a year: a gross yield of 3.8% on the 2016 price, before the service charge of about AED 20,700 a year.

Sales and rents for 5906 over time

Sales
Unit 5906, 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 3,534,309 (AED 2,655 per sqft)

5906 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5906, 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 yearNew contract, March 2021: AED 85,000 a yearRenewal, March 2022: AED 93,500 a yearNew contract, May 2023: AED 135,000 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 5906 sits

All 276 2-beds →

5906 last sold in July 2016 at AED 2,655 per sqft, 3% above 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. 5906's AED 135,000 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 59th floor

All 544 units in Noura Tower
Value
59013-bedAED 5.12M · Jul 2016
59023-bedAED 5.28M · Jul 2016
59033-bedAED 5.43M · Jul 2016
59043-bedAED 5.47M · Jul 2016
59052-bedAED 4.01M · Jul 2016
59072-bedAED 3.98M · Jul 2016
59082-bedAED 3.51M · Jul 2016

5906, Noura Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 25 July 2016 for AED 3,534,309, or AED 2,655 per sqft.
  • Rented since February 2020 on 4 Ejari contracts. The rent fell from AED 100,000 to AED 85,000 in 2021 and recovered to AED 135,000 by May 2023.
  • At AED 135,000 a year the gross yield on the 2016 price is 3.8%, 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 7 May 2023.

Questions about 5906, Noura Tower

What did unit 5906 last sell for?

AED 3,534,309 on 25 July 2016, sold by the developer: AED 2,655 per sqft for 1,331 sqft. It is the only registered sale of the unit.

What is the rent for unit 5906?

AED 135,000 a year on the contract signed on 7 May 2023. The previous contract, from March 2022, was AED 93,500; the unit has been rented since February 2020.

How big is unit 5906?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 59th floor of a 68-storey tower completed in 2022.

What is unit 5906 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 5906, Noura Tower

Starts from the last sale price (AED 3.53M, 25 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,534,309
Deposit, UAE resident (20%)
AED 706,862
Deposit, non-resident (40%)
AED 1,413,724
Monthly over 25 years at 3.7%
AED 14,460

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