R1207, Ontario Tower
Sold prices and rental history: sold twice, last in August 2012, 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 R1207, Ontario Tower
What is R1207 worth today?
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Source: Dubai Land Department. Updated 21 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 982 sqft
- Floor
- 12th of 25
- Parking
- B1-83
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 17,500 /yr
- Last sold
- AED 438K · August 2012
- Building
- Ontario Tower
About R1207, Ontario Tower
R1207 is a two-bedroom apartment of 982 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 1 August 2012 for AED 437,500, or AED 445 per sqft, 61% below the AED 1,137 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 21 July 2024, is AED 100,000 a year: a gross yield of 22.9% on the 2012 price, before the service charge of about AED 17,500 a year.
Sales and rents for R1207 over time
R1207 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Ontario Tower, and where R1207 sits
All 51 2-beds →R1207 last sold in August 2012 at AED 445 per sqft, 61% below what two-beds in Ontario Tower were fetching at the time (AED 1,137). Over the last 12 months two-beds sold for AED 1,100,000 to 1,519,924, around AED 1,249 per sqft, and rent for AED 60,000 to 162,000 a year. R1207's AED 100,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Oct 20261 October 2026 | 982 sqft | 1,100,000 | 1,120 | ||
| 18 Sep 202618 September 2026 | 982 sqft | 1,258,372 | 1,281 | ||
| 18 Sep 202618 September 2026 | 982 sqft | 1,200,000 | 1,222 | ||
| 18 Sep 202618 September 2026 | 982 sqft | 1,184,000 | 1,205 |
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 | |
| R1203 | 1-bed | 803 sqft | AED 850KAED 850,000 · Sep 2024September 2024 | 80,000 /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, Ontario Tower in numbers
- Sold twice: first on 18 January 2012 for AED 1,000,000, last on 1 August 2012 for AED 437,500 (AED 445 per sqft).
- Rented since September 2017 on 5 Ejari contracts. The rent fell from AED 95,000 to AED 65,000 in 2022 and recovered to AED 100,000 by July 2024.
- At AED 100,000 a year the gross yield on the 2012 price is 22.9%, before a service charge of about AED 17,500 a year (AED 17.81 per sqft).
- Two-beds in Ontario Tower sold for AED 1,100,000–1,519,924 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 21 July 2024.
Questions about R1207, Ontario Tower
What did unit R1207 last sell for?
AED 437,500 on 1 August 2012: AED 445 per sqft for 982 sqft. The unit has 2 registered sales; the first was AED 1,000,000 in January 2012.
What is the rent for unit R1207?
AED 100,000 a year on the contract signed on 21 July 2024. The previous contract, from February 2022, was AED 65,000; the unit has been rented since September 2017.
How big is unit R1207?
982 sqft (91.2 sqm): a two-bedroom apartment on the 12th floor of a 25-storey tower completed in 2010.
What is unit R1207 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ontario Tower sold for AED 1,100,000 to 1,519,924 in the last 12 months, around AED 1,249 per sqft.
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Mortgage on R1207, Ontario Tower
Starts from the last sale price (AED 438K, 1 August 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 437,500
- Deposit, UAE resident (20%)
- AED 87,500
- Deposit, non-resident (40%)
- AED 175,000
- Monthly over 25 years at 3.7%
- AED 1,790
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →