R1503, Ontario Tower
Sold prices and rental history: sold once, by the developer in January 2014, 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 R1503, Ontario Tower
What is R1503 worth today?
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Source: Dubai Land Department. Updated 16 November 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 803 sqft
- Floor
- 15th of 25
- Parking
- B1-100
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 1.05M · January 2014
- Building
- Ontario Tower
About R1503, Ontario Tower
R1503 is a one-bedroom apartment of 803 sqft on the 15th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. The developer sold it on 2 January 2014 for AED 1,050,000, or AED 1,307 per sqft, 6% below the AED 1,395 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 12 Ejari contracts. The current contract, renewed on 16 November 2026, is AED 66,150 a year: a gross yield of 6.3% on the 2014 price, before the service charge of about AED 14,300 a year.
Sales and rents for R1503 over time
R1503 has sold once; 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 R1503 sits
All 100 1-beds →R1503 last sold in January 2014 at AED 1,307 per sqft, 6% below what one-beds in Ontario Tower were fetching at the time (AED 1,395). 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. R1503's AED 66,150 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 15th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1501 | Studio | 402 sqft | AED 550KAED 550,000 · Apr 2016April 2016 | 53,000 /yr | |
| R1502 | 2-bed | 982 sqft | AED 1.7MAED 1,700,000 · Aug 2014August 2014 | 108,000 /yr | |
| R1504 | 1-bed | 802 sqft | AED 1.12MAED 1,124,906 · Apr 2011April 2011 | 75,000 /yr | |
| R1505 | 1-bed | 802 sqft | AED 1.1MAED 1,100,000 · Feb 2015February 2015 | 60,500 /yr | |
| R1506 | 1-bed | 791 sqft | AED 1.05MAED 1,048,792 · May 2026May 2026 | 70,000 /yr | |
| R1507 | 2-bed | 982 sqft | AED 1.2MAED 1,200,000 · Apr 2018April 2018 | 130,000 /yr |
R1503, Ontario Tower in numbers
- Sold once: by Rose Homes Investment on 2 January 2014 for AED 1,050,000, or AED 1,307 per sqft.
- Rented since June 2014 on 12 Ejari contracts. The rent fell from AED 88,000 to AED 44,000 in 2020 and recovered to AED 66,150 by November 2026.
- At AED 66,150 a year the gross yield on the 2014 price is 6.3%, 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 16 November 2026.
Questions about R1503, Ontario Tower
What did unit R1503 last sell for?
AED 1,050,000 on 2 January 2014, sold by the developer: AED 1,307 per sqft for 803 sqft. It is the only registered sale of the unit.
What is the rent for unit R1503?
AED 66,150 a year on the contract renewed on 16 November 2026. The previous contract, from November 2025, was AED 63,000; the unit has been rented since June 2014.
How big is unit R1503?
803 sqft (74.6 sqm): a one-bedroom apartment on the 15th floor of a 25-storey tower completed in 2010.
What is unit R1503 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 R1503, Ontario Tower
Starts from the last sale price (AED 1.05M, 2 January 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →