R1704, Ontario Tower
Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1704, Ontario Tower
What is R1704 worth today?
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Source: Dubai Land Department. Updated 20 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 802 sqft
- Floor
- 17th of 25
- Parking
- B1-133
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 650K · December 2022
- Building
- Ontario Tower
About R1704, Ontario Tower
R1704 is a one-bedroom apartment of 802 sqft on the 17th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 21 December 2022 for AED 650,000, or AED 810 per sqft, in line with the AED 809 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 20 September 2023, is AED 64,000 a year: a gross yield of 9.8% on the 2022 price, before the service charge of about AED 14,300 a year.
Sales and rents for R1704 over time
R1704 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 R1704 sits
All 100 1-beds →R1704 last sold in December 2022 at AED 810 per sqft, in line with what one-beds in Ontario Tower were fetching at the time (AED 809). 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. R1704's AED 64,000 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 17th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1701 | Studio | 402 sqft | AED 550KAED 550,000 · Jul 2013July 2013 | 48,500 /yr | |
| R1702 | 2-bed | 982 sqft | AED 1.32MAED 1,320,000 · Sep 2025September 2025 | 95,798 /yr | |
| R1703 | 1-bed | 803 sqft | AED 650KAED 650,000 · Dec 2022December 2022 | 65,000 /yr | |
| R1705 | 1-bed | 802 sqft | AED 1.05MAED 1,050,000 · Jan 2014January 2014 | 62,000 /yr | |
| R1706 | 1-bed | 791 sqft | AED 1.1MAED 1,100,000 · Jul 2013July 2013 | 69,300 /yr | |
| R1707 | 2-bed | 982 sqft | AED 882KAED 881,887 · Jul 2013July 2013 | 125,000 /yr |
R1704, Ontario Tower in numbers
- Sold twice: first on 9 July 2013 for AED 1,000,000, last on 21 December 2022 for AED 650,000 (AED 810 per sqft).
- Rented since August 2017 on 8 Ejari contracts. The rent fell from AED 66,000 to AED 42,000 in 2021 and recovered to AED 64,000 by September 2023.
- At AED 64,000 a year the gross yield on the 2022 price is 9.8%, 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 September 2023.
Questions about R1704, Ontario Tower
What did unit R1704 last sell for?
AED 650,000 on 21 December 2022: AED 810 per sqft for 802 sqft. The unit has 2 registered sales; the first was AED 1,000,000 in July 2013.
What is the rent for unit R1704?
AED 64,000 a year on the contract signed on 20 September 2023. The previous contract, from September 2022, was AED 50,400; the unit has been rented since August 2017.
How big is unit R1704?
802 sqft (74.5 sqm): a one-bedroom apartment on the 17th floor of a 25-storey tower completed in 2010.
What is unit R1704 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 R1704, Ontario Tower
Starts from the last sale price (AED 650K, 21 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →