R1602, Ontario Tower
Sold prices and rental history: sold twice, last in October 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1602, Ontario Tower
What is R1602 worth today?
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Source: Dubai Land Department. Updated 25 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 982 sqft
- Floor
- 16th of 25
- Parking
- B1-112
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 17,500 /yr
- Last sold
- AED 1.18M · October 2017
- Building
- Ontario Tower
About R1602, Ontario Tower
R1602 is a two-bedroom apartment of 982 sqft on the 16th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 22 October 2017 for AED 1,180,000, or AED 1,201 per sqft, in line with the AED 1,235 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 25 October 2025, is AED 92,000 a year: a gross yield of 7.8% on the 2017 price, before the service charge of about AED 17,500 a year.
Sales and rents for R1602 over time
R1602 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 R1602 sits
All 51 2-beds →R1602 last sold in October 2017 at AED 1,201 per sqft, in line with what two-beds in Ontario Tower were fetching at the time (AED 1,235). 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. R1602's AED 92,000 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 16th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1601 | Studio | 402 sqft | AED 467KAED 466,810 · Feb 2012February 2012 | 52,000 /yr | |
| R1603 | 1-bed | 803 sqft | AED 895KAED 895,370 · Oct 2026October 2026 | 78,000 /yr | |
| R1604 | 1-bed | 802 sqft | AED 1.19MAED 1,190,000 · Jun 2014June 2014 | 80,000 /yr | |
| R1605 | 1-bed | 802 sqft | AED 831KAED 831,402 · Aug 2009August 2009 | 72,904 /yr | |
| R1606 | 1-bed | 791 sqft | AED 828KAED 828,418 · Aug 2009August 2009 | 65,000 /yr | |
| R1607 | 2-bed | 982 sqft | AED 1.13MAED 1,133,190 · Feb 2012February 2012 | 90,000 /yr |
R1602, Ontario Tower in numbers
- Sold twice: first on 25 December 2014 for AED 1,058,265, last on 22 October 2017 for AED 1,180,000 (AED 1,201 per sqft).
- Rented since May 2018 on 6 Ejari contracts. The rent fell from AED 80,000 to AED 60,000 in 2020 and recovered to AED 92,000 by October 2025.
- At AED 92,000 a year the gross yield on the 2017 price is 7.8%, 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 25 October 2025.
Questions about R1602, Ontario Tower
What did unit R1602 last sell for?
AED 1,180,000 on 22 October 2017: AED 1,201 per sqft for 982 sqft. The unit has 2 registered sales; the first was AED 1,058,265 in December 2014.
What is the rent for unit R1602?
AED 92,000 a year on the contract signed on 25 October 2025. The previous contract, from May 2023, was AED 75,900; the unit has been rented since May 2018.
How big is unit R1602?
982 sqft (91.2 sqm): a two-bedroom apartment on the 16th floor of a 25-storey tower completed in 2010.
What is unit R1602 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 R1602, Ontario Tower
Starts from the last sale price (AED 1.18M, 22 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,180,000
- Deposit, UAE resident (20%)
- AED 236,000
- Deposit, non-resident (40%)
- AED 472,000
- Monthly over 25 years at 3.7%
- AED 4,828
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →