R1407, Ontario Tower
Sold prices and rental history: sold 3 times, last in March 2025, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1407, Ontario Tower
What is R1407 worth today?
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Source: Dubai Land Department. Updated 21 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 491 sqft
- Floor
- 14th of 25
- Parking
- B1-97
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 8,700 /yr
- Last sold
- AED 683K · March 2025
- Building
- Ontario Tower
About R1407, Ontario Tower
R1407 is a two-bedroom apartment of 491 sqft on the 14th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 21 March 2025 for AED 683,227, or AED 1,391 per sqft, 8% above the AED 1,283 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 25 September 2020, is AED 65,000 a year: a gross yield of 9.5% on the 2025 price, before the service charge of about AED 8,700 a year.
Sales and rents for R1407 over time
R1407 has sold 3 times; 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 R1407 sits
All 51 2-beds →R1407 last sold in March 2025 at AED 1,391 per sqft, 8% above what two-beds in Ontario Tower were fetching at the time (AED 1,283). 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. R1407's AED 65,000 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 14th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1401 | Studio | 402 sqft | AED 400KAED 400,000 · Jun 2012June 2012 | 51,000 /yr | |
| R1402 | 2-bed | 982 sqft | AED 1.51MAED 1,506,299 · Feb 2026February 2026 | 160,000 /yr | |
| R1403 | 1-bed | 40 sqft | AED 50KAED 50,000 · Mar 2016March 2016 | ||
| R1404 | 1-bed | 802 sqft | AED 946KAED 946,000 · Dec 2025December 2025 | 80,000 /yr | |
| R1405 | 1-bed | 802 sqft | AED 930KAED 930,000 · Jul 2017July 2017 | 75,000 /yr | |
| R1406 | 1-bed | 791 sqft | AED 925KAED 925,000 · Jun 2025June 2025 | 60,000 /yr |
R1407, Ontario Tower in numbers
- Sold 3 times: first on 5 May 2011 for AED 1,117,000, last on 21 March 2025 for AED 683,227 (AED 1,391 per sqft).
- Rented since January 2014 on 5 Ejari contracts, from AED 85,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2025 price is 9.5%, before a service charge of about AED 8,700 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 March 2025.
Questions about R1407, Ontario Tower
What did unit R1407 last sell for?
AED 683,227 on 21 March 2025: AED 1,391 per sqft for 491 sqft. The unit has 3 registered sales; the first was AED 1,117,000 in May 2011.
What is the rent for unit R1407?
AED 65,000 a year on the contract signed on 25 September 2020. The previous contract, from March 2020, was AED 108,000; the unit has been rented since January 2014.
How big is unit R1407?
491 sqft (45.6 sqm): a two-bedroom apartment on the 14th floor of a 25-storey tower completed in 2010.
What is unit R1407 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 R1407, Ontario Tower
Starts from the last sale price (AED 683K, 21 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 683,227
- Deposit, UAE resident (20%)
- AED 136,645
- Deposit, non-resident (40%)
- AED 273,291
- Monthly over 25 years at 3.7%
- AED 2,795
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →