R1506, Ontario Tower
Sold prices and rental history: sold twice, last in May 2026, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1506, Ontario Tower
What is R1506 worth today?
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Source: Dubai Land Department. Updated 10 July 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 791 sqft
- Floor
- 15th of 25
- Parking
- B1-115
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,100 /yr
- Last sold
- AED 1.05M · May 2026
- Building
- Ontario Tower
About R1506, Ontario Tower
R1506 is a one-bedroom apartment of 791 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 12 May 2026 for AED 1,048,792, or AED 1,325 per sqft, 10% above the AED 1,205 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 12 Ejari contracts. The current contract, signed on 10 July 2026, is AED 35,000 a year: a gross yield of 3.3% on the 2026 price, before the service charge of about AED 14,100 a year.
Sales and rents for R1506 over time
R1506 has sold twice; 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 R1506 sits
All 100 1-beds →R1506 last sold in May 2026 at AED 1,325 per sqft, 10% above what one-beds in Ontario Tower were fetching at the time (AED 1,205). 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. R1506's AED 35,000 is at the bottom 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 | |
| R1505 | 1-bed | 802 sqft | AED 1.1MAED 1,100,000 · Feb 2015February 2015 | 60,500 /yr | |
| R1507 | 2-bed | 982 sqft | AED 1.2MAED 1,200,000 · Apr 2018April 2018 | 130,000 /yr |
R1506, Ontario Tower in numbers
- Sold twice: first on 13 April 2011 for AED 1,120,800, last on 12 May 2026 for AED 1,048,792 (AED 1,325 per sqft).
- Rented since December 2016 on 12 Ejari contracts, from AED 82,000 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2026 price is 3.3%, before a service charge of about AED 14,100 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 10 July 2026.
Questions about R1506, Ontario Tower
What did unit R1506 last sell for?
AED 1,048,792 on 12 May 2026: AED 1,325 per sqft for 791 sqft. The unit has 2 registered sales; the first was AED 1,120,800 in April 2011.
What is the rent for unit R1506?
AED 35,000 a year on the contract signed on 10 July 2026. The previous contract, from July 2026, was AED 70,000; the unit has been rented since December 2016.
How big is unit R1506?
791 sqft (73.5 sqm): a one-bedroom apartment on the 15th floor of a 25-storey tower completed in 2010.
What is unit R1506 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 R1506, Ontario Tower
Starts from the last sale price (AED 1.05M, 12 May 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 1,048,792
- Deposit, UAE resident (20%)
- AED 209,758
- Deposit, non-resident (40%)
- AED 419,517
- Monthly over 25 years at 3.7%
- AED 4,291
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →