R1505, Ontario Tower
Sold prices and rental history: sold 3 times, last in February 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1505, Ontario Tower
What is R1505 worth today?
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Source: Dubai Land Department. Updated 1 November 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 802 sqft
- Floor
- 15th of 25
- Parking
- B1-116
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 1.1M · February 2015
- Building
- Ontario Tower
About R1505, Ontario Tower
R1505 is a one-bedroom apartment of 802 sqft on the 15th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 5 February 2015 for AED 1,100,000, or AED 1,371 per sqft, 8% below the AED 1,496 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 60,500 a year: a gross yield of 5.5% on the 2015 price, before the service charge of about AED 14,300 a year.
Sales and rents for R1505 over time
R1505 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 R1505 sits
All 100 1-beds →R1505 last sold in February 2015 at AED 1,371 per sqft, 8% below what one-beds in Ontario Tower were fetching at the time (AED 1,496). 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. R1505's AED 60,500 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 | |
| R1503 | 1-bed | 803 sqft | AED 1.05MAED 1,050,000 · Jan 2014January 2014 | 66,150 /yr | |
| R1504 | 1-bed | 802 sqft | AED 1.12MAED 1,124,906 · Apr 2011April 2011 | 75,000 /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 |
R1505, Ontario Tower in numbers
- Sold 3 times: first on 20 October 2011 for AED 1,076,000, last on 5 February 2015 for AED 1,100,000 (AED 1,371 per sqft).
- Rented since November 2013 on 10 Ejari contracts. The rent fell from AED 60,000 to AED 48,000 in 2021 and recovered to AED 60,500 by November 2023.
- At AED 60,500 a year the gross yield on the 2015 price is 5.5%, 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 November 2023.
Questions about R1505, Ontario Tower
What did unit R1505 last sell for?
AED 1,100,000 on 5 February 2015: AED 1,371 per sqft for 802 sqft. The unit has 3 registered sales; the first was AED 1,076,000 in October 2011.
What is the rent for unit R1505?
AED 60,500 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 55,000; the unit has been rented since November 2013.
How big is unit R1505?
802 sqft (74.5 sqm): a one-bedroom apartment on the 15th floor of a 25-storey tower completed in 2010.
What is unit R1505 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 R1505, Ontario Tower
Starts from the last sale price (AED 1.1M, 5 February 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →