R1604, Ontario Tower
Sold prices and rental history: sold twice, last in June 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 R1604, Ontario Tower
What is R1604 worth today?
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Source: Dubai Land Department. Updated 20 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 802 sqft
- Floor
- 16th of 25
- Parking
- B1-110
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 1.19M · June 2014
- Building
- Ontario Tower
About R1604, Ontario Tower
R1604 is a one-bedroom apartment of 802 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 10 June 2014 for AED 1,190,000, or AED 1,483 per sqft, 6% above the AED 1,402 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 13 Ejari contracts. The current contract, renewed on 20 March 2025, is AED 80,000 a year: a gross yield of 6.7% on the 2014 price, before the service charge of about AED 14,300 a year.
Sales and rents for R1604 over time
R1604 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 R1604 sits
All 100 1-beds →R1604 last sold in June 2014 at AED 1,483 per sqft, 6% above what one-beds in Ontario Tower were fetching at the time (AED 1,402). 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. R1604's AED 80,000 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 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 | |
| R1602 | 2-bed | 982 sqft | AED 1.18MAED 1,180,000 · Oct 2017October 2017 | 92,000 /yr | |
| R1603 | 1-bed | 803 sqft | AED 895KAED 895,370 · Oct 2026October 2026 | 78,000 /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 |
R1604, Ontario Tower in numbers
- Sold twice: first on 6 August 2009 for AED 831,402, last on 10 June 2014 for AED 1,190,000 (AED 1,483 per sqft).
- Rented since July 2014 on 13 Ejari contracts. The rent fell from AED 85,000 to AED 44,990 in 2021 and recovered to AED 80,000 by March 2025.
- At AED 80,000 a year the gross yield on the 2014 price is 6.7%, 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 20 March 2025.
Questions about R1604, Ontario Tower
What did unit R1604 last sell for?
AED 1,190,000 on 10 June 2014: AED 1,483 per sqft for 802 sqft. The unit has 2 registered sales; the first was AED 831,402 in August 2009.
What is the rent for unit R1604?
AED 80,000 a year on the contract renewed on 20 March 2025. The previous contract, from March 2025, was AED 80,000; the unit has been rented since July 2014.
How big is unit R1604?
802 sqft (74.5 sqm): a one-bedroom apartment on the 16th floor of a 25-storey tower completed in 2010.
What is unit R1604 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 R1604, Ontario Tower
Starts from the last sale price (AED 1.19M, 10 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,190,000
- Deposit, UAE resident (20%)
- AED 238,000
- Deposit, non-resident (40%)
- AED 476,000
- Monthly over 25 years at 3.7%
- AED 4,869
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →