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1-bed · 791 sqftOntario Tower, Business Bay · 10th floor · completed 2010

R1006, Ontario Tower

Sold prices and rental history: sold once, by the developer in August 2011, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit R1006 · DLD and Ejari recordsUpdated 20 September 2023
Last soldAED 975K15 August 2011
Current rentAED 42K /yr20 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for R1006, Ontario Tower

What is R1006 worth today?

Last sold for AED 974,610 in 2011

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20 Sep 2023RentedRenewal
AED 42,000/yr12 months · AED 53 per sqft
20 Sep 2022RentedRenewal
AED 50,400/yr12 months · AED 64 per sqft
20 Sep 2022RentedRenewal
AED 50,400/yr12 months · AED 64 per sqft
20 Sep 2020RentedNew contract
AED 42,000/yr12 months · AED 53 per sqft
30 Jun 2019RentedRenewal
AED 63,000/yr12 months · AED 80 per sqft
30 Jun 2018RentedNew contract
AED 63,000/yr12 months · AED 80 per sqft
10 Nov 2017RentedNew contract
AED 70,000/yr12 months · AED 89 per sqft
15 Aug 2011Sold by developerReady
AED 974,610AED 1,232 per sqft

Source: Dubai Land Department. Updated 20 September 2023.

Key facts

Type
1-bed apartment
Size
791 sqft
Floor
10th of 25
Parking
B1-68
Developer
Rose Homes Investment
Completed
2010
Service charge
AED 14,100 /yr
Last sold
AED 975K · August 2011
Building
Ontario Tower

About R1006, Ontario Tower

R1006 is a one-bedroom apartment of 791 sqft on the 10th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. The developer sold it on 15 August 2011 for AED 974,610, or AED 1,232 per sqft, 11% above the AED 1,108 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 20 September 2023, is AED 42,000 a year: a gross yield of 4.3% on the 2011 price, before the service charge of about AED 14,100 a year.

Sales and rents for R1006 over time

Sales
Unit R1006, each saleTypical one-bed in Ontario Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 880,308; 2011 AED 925,879; 2012 AED 912,940; 2013 AED 1,120,801; 2014 AED 1,200,000; 2015 AED 990,550; 2016 AED 750,000; 2017 AED 952,500; 2018 AED 800,000; 2019 AED 580,757; 2022 AED 650,000; 2023 AED 765,000; 2024 AED 840,000; 2025 AED 941,563; 2026 AED 1,047,228Sold by developer, August 2011: AED 974,610 (AED 1,232 per sqft)

R1006 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit R1006, each contractTypical one-bed in Ontario Tower
40K60K80K2012201620202024Typical rent by year: 2012 AED 52,500; 2013 AED 60,000; 2014 AED 70,000; 2015 AED 79,350; 2016 AED 80,000; 2017 AED 75,000; 2018 AED 65,000; 2019 AED 58,835; 2020 AED 47,000; 2021 AED 42,000; 2022 AED 52,000; 2023 AED 62,920; 2024 AED 73,500; 2025 AED 74,500; 2026 AED 70,400New contract, November 2017: AED 70,000 a yearNew contract, June 2018: AED 63,000 a yearRenewal, June 2019: AED 63,000 a yearNew contract, September 2020: AED 42,000 a yearRenewal, September 2022: AED 50,400 a yearRenewal, September 2022: AED 50,400 a yearRenewal, September 2023: AED 42,000 a year

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

1-beds in Ontario Tower, and where R1006 sits

All 100 1-beds →

R1006 last sold in August 2011 at AED 1,232 per sqft, 11% above what one-beds in Ontario Tower were fetching at the time (AED 1,108). Over the last 12 months one-beds sold for AED 800,000 to 1,200,000, around AED 1,286 per sqft, and rent for AED 35,000 to 200,000 a year. R1006's AED 42,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Oct 2026895,370
8 Sep 2026800,000
18 Jul 20261,050,000
16 Jun 20261,012,692
14 1-bed sales in the last 12 months

Ontario Tower

Building

175 apartments, studios to 2-bed over 25 floors in Business Bay, completed in 2010 by Rose Homes Investment. 28 sold in the last 12 months.

Typical price per sqft
AED 1,277 Up 6.6%
Typical sale
AED 1.09M
Typical rent
AED 75K /yr
Typical yield
8.1%
Ontario Tower, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 175 units in Ontario Tower
Value
R1001StudioAED 424K · May 2011
R10022-bedAED 1.18M · Aug 2025
R10031-bedAED 828K · Dec 2012
R10041-bedAED 800K · Sep 2026
R10051-bedAED 910K · Dec 2024
R10072-bedAED 1.12M · Oct 2011

R1006, Ontario Tower in numbers

  • Sold once: by Rose Homes Investment on 15 August 2011 for AED 974,610, or AED 1,232 per sqft.
  • Rented since November 2017 on 7 Ejari contracts, from AED 70,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2011 price is 4.3%, before a service charge of about AED 14,100 a year (AED 17.81 per sqft).
  • One-beds in Ontario Tower sold for AED 800,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,277 per sqft.

Source: Dubai Land Department. Updated 20 September 2023.

Questions about R1006, Ontario Tower

What did unit R1006 last sell for?

AED 974,610 on 15 August 2011, sold by the developer: AED 1,232 per sqft for 791 sqft. It is the only registered sale of the unit.

What is the rent for unit R1006?

AED 42,000 a year on the contract renewed on 20 September 2023. The previous contract, from September 2022, was AED 50,400; the unit has been rented since November 2017.

How big is unit R1006?

791 sqft (73.5 sqm): a one-bedroom apartment on the 10th floor of a 25-storey tower completed in 2010.

What is unit R1006 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ontario Tower sold for AED 800,000 to 1,200,000 in the last 12 months, around AED 1,286 per sqft.

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Mortgage on R1006, Ontario Tower

Starts from the last sale price (AED 975K, 15 August 2011). Switch to today's estimate once you have unlocked it.
Price
AED 974,610
Deposit, UAE resident (20%)
AED 194,922
Deposit, non-resident (40%)
AED 389,844
Monthly over 25 years at 3.7%
AED 3,987

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