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1-bed · 791 sqftOntario Tower, Business Bay · 16th floor · completed 2010

R1606, Ontario Tower

Sold prices and rental history: sold once, by the developer in August 2009, and rented once, from July 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit R1606 · DLD and Ejari recordsUpdated 9 July 2018
Last soldAED 828K10 August 2009
Current rentAED 65K /yr9 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for R1606, Ontario Tower

What is R1606 worth today?

Last sold for AED 828,418 in 2009

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9 Jul 2018RentedNew contract
AED 65,000/yr12 months · AED 83 per sqft
10 Aug 2009Sold by developerOff-plan
AED 828,418AED 1,047 per sqft

Source: Dubai Land Department. Updated 9 July 2018.

Key facts

Type
1-bed apartment
Size
791 sqft
Floor
16th of 25
Parking
B1-108
Developer
Rose Homes Investment
Completed
2010
Service charge
AED 14,100 /yr
Last sold
AED 828K · August 2009
Building
Ontario Tower

About R1606, Ontario Tower

R1606 is a one-bedroom apartment of 791 sqft on the 16th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. The developer sold it on 10 August 2009 for AED 828,418, or AED 1,047 per sqft, 5% below the AED 1,100 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 9 July 2018. The current contract, signed on 9 July 2018, is AED 65,000 a year: a gross yield of 7.8% on the 2009 price, before the service charge of about AED 14,100 a year.

Sales and rents for R1606 over time

Sales
Unit R1606, each saleTypical one-bed in Ontario Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 880,308; 2011 AED 925,879; 2012 AED 912,940; 2013 AED 1,120,801; 2014 AED 1,200,000; 2015 AED 990,550; 2016 AED 750,000; 2017 AED 952,500; 2018 AED 800,000; 2019 AED 580,757; 2022 AED 650,000; 2023 AED 765,000; 2024 AED 840,000; 2025 AED 941,563; 2026 AED 1,047,228Sold by developer, August 2009: AED 828,418 (AED 1,047 per sqft)

R1606 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit R1606, each contractTypical one-bed in Ontario Tower
40K60K80K2012201620202024Typical rent by year: 2012 AED 52,500; 2013 AED 60,000; 2014 AED 70,000; 2015 AED 79,350; 2016 AED 80,000; 2017 AED 75,000; 2018 AED 65,000; 2019 AED 58,835; 2020 AED 47,000; 2021 AED 42,000; 2022 AED 52,000; 2023 AED 62,920; 2024 AED 73,500; 2025 AED 74,500; 2026 AED 70,400New contract, July 2018: AED 65,000 a year

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 R1606 sits

All 100 1-beds →

R1606 last sold in August 2009 at AED 1,047 per sqft, 5% below what one-beds in Ontario Tower were fetching at the time (AED 1,100). 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. R1606's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Oct 2026895,370
8 Sep 2026800,000
18 Jul 20261,050,000
16 Jun 20261,012,692
14 1-bed sales in the last 12 months

Ontario Tower

Building

175 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%
Ontario Tower, Business Bay: prices, sales and rents →

Other units on the 16th floor

All 175 units in Ontario Tower
Value
R1601StudioAED 467K · Feb 2012
R16022-bedAED 1.18M · Oct 2017
R16031-bedAED 895K · Oct 2026
R16041-bedAED 1.19M · Jun 2014
R16051-bedAED 831K · Aug 2009
R16072-bedAED 1.13M · Feb 2012

R1606, Ontario Tower in numbers

  • Sold once: by Rose Homes Investment on 10 August 2009 for AED 828,418, or AED 1,047 per sqft.
  • Rented since July 2018 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2009 price is 7.8%, 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 9 July 2018.

Questions about R1606, Ontario Tower

What did unit R1606 last sell for?

AED 828,418 on 10 August 2009, sold by the developer: AED 1,047 per sqft for 791 sqft. It is the only registered sale of the unit.

What is the rent for unit R1606?

AED 65,000 a year on the contract signed on 9 July 2018.

How big is unit R1606?

791 sqft (73.5 sqm): a one-bedroom apartment on the 16th floor of a 25-storey tower completed in 2010.

What is unit R1606 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 R1606, Ontario Tower

Starts from the last sale price (AED 828K, 10 August 2009). Switch to today's estimate once you have unlocked it.
Price
AED 828,418
Deposit, UAE resident (20%)
AED 165,684
Deposit, non-resident (40%)
AED 331,367
Monthly over 25 years at 3.7%
AED 3,389

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →