R1203, Ontario Tower
Sold prices and rental history: sold 3 times, last in September 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1203, Ontario Tower
What is R1203 worth today?
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Source: Dubai Land Department. Updated 1 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 803 sqft
- Floor
- 12th of 25
- Parking
- B1-79
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 850K · September 2024
- Building
- Ontario Tower
About R1203, Ontario Tower
R1203 is a one-bedroom apartment of 803 sqft on the 12th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 26 September 2024 for AED 850,000, or AED 1,058 per sqft, in line with the AED 1,044 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 1 February 2025, is AED 80,000 a year: a gross yield of 9.4% on the 2024 price, before the service charge of about AED 14,300 a year.
Sales and rents for R1203 over time
R1203 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 R1203 sits
All 100 1-beds →R1203 last sold in September 2024 at AED 1,058 per sqft, in line with what one-beds in Ontario Tower were fetching at the time (AED 1,044). 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. R1203's AED 80,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 803 sqft | 895,370 | 1,115 | ||
| 8 Sep 20268 September 2026 | 802 sqft | 800,000 | 997 | ||
| 18 Jul 202618 July 2026 | 802 sqft | 1,050,000 | 1,309 | ||
| 16 Jun 202616 June 2026 | 802 sqft | 1,012,692 | 1,262 |
Ontario Tower
Building175 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%
Other units on the 12th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1201 | Studio | 402 sqft | AED 460KAED 460,000 · Apr 2011April 2011 | 60,000 /yr | |
| R1202 | 2-bed | 982 sqft | AED 1.18MAED 1,180,000 · Dec 2025December 2025 | 120,000 /yr | |
| R1204 | 1-bed | 802 sqft | AED 1.03MAED 1,025,000 · Aug 2023August 2023 | 52,000 /yr | |
| R1205 | 1-bed | 802 sqft | AED 920KAED 920,000 · Jun 2025June 2025 | 45,000 /yr | |
| R1206 | 1-bed | 791 sqft | AED 850KAED 850,000 · Jun 2024June 2024 | 75,000 /yr | |
| R1207 | 2-bed | 982 sqft | AED 438KAED 437,500 · Aug 2012August 2012 | 100,000 /yr |
R1203, Ontario Tower in numbers
- Sold 3 times: first on 8 August 2009 for AED 877,149, last on 26 September 2024 for AED 850,000 (AED 1,058 per sqft).
- Rented since June 2017 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 42,000 in 2021 and recovered to AED 80,000 by February 2025.
- At AED 80,000 a year the gross yield on the 2024 price is 9.4%, before a service charge of about AED 14,300 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 1 February 2025.
Questions about R1203, Ontario Tower
What did unit R1203 last sell for?
AED 850,000 on 26 September 2024: AED 1,058 per sqft for 803 sqft. The unit has 3 registered sales; the first was AED 877,149 in August 2009.
What is the rent for unit R1203?
AED 80,000 a year on the contract signed on 1 February 2025. The previous contract, from December 2022, was AED 60,000; the unit has been rented since June 2017.
How big is unit R1203?
803 sqft (74.6 sqm): a one-bedroom apartment on the 12th floor of a 25-storey tower completed in 2010.
What is unit R1203 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 R1203, Ontario Tower
Starts from the last sale price (AED 850K, 26 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 850,000
- Deposit, UAE resident (20%)
- AED 170,000
- Deposit, non-resident (40%)
- AED 340,000
- Monthly over 25 years at 3.7%
- AED 3,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →