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2-bed · 982 sqftOntario Tower, Business Bay · 17th floor · completed 2010

R1707, Ontario Tower

Sold prices and rental history: sold once, by the developer in July 2013, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit R1707 · DLD and Ejari recordsUpdated 29 November 2024
Last soldAED 882K9 July 2013
Current rentAED 125K /yr29 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for R1707, Ontario Tower

What is R1707 worth today?

Last sold for AED 881,887 in 2013

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29 Nov 2024RentedNew contract
AED 125,000/yr12 months · AED 128 per sqft
9 Jul 2013Sold by developerReady
AED 881,887AED 898 per sqft

Source: Dubai Land Department. Updated 29 November 2024.

Key facts

Type
2-bed apartment
Size
982 sqft
Floor
17th of 25
Parking
B1-136
Developer
Rose Homes Investment
Completed
2010
Service charge
AED 17,500 /yr
Last sold
AED 882K · July 2013
Building
Ontario Tower

About R1707, Ontario Tower

R1707 is a two-bedroom apartment of 982 sqft on the 17th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. The developer sold it on 9 July 2013 for AED 881,887, or AED 898 per sqft, 18% below the AED 1,089 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 29 November 2024. The current contract, signed on 29 November 2024, is AED 125,000 a year: a gross yield of 14.2% on the 2013 price, before the service charge of about AED 17,500 a year.

Sales and rents for R1707 over time

Sales
Unit R1707, each saleTypical two-bed in Ontario Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,096,633; 2011 AED 1,117,000; 2012 AED 1,058,265; 2013 AED 1,200,000; 2014 AED 1,450,000; 2016 AED 1,250,000; 2017 AED 1,200,000; 2019 AED 875,000; 2022 AED 860,000; 2023 AED 900,000; 2024 AED 1,290,000; 2025 AED 1,200,000; 2026 AED 1,226,986Sold by developer, July 2013: AED 881,887 (AED 898 per sqft)

R1707 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit R1707, each contractTypical two-bed in Ontario Tower
50K100K2013201720212025Typical rent by year: 2013 AED 75,000; 2014 AED 95,000; 2015 AED 105,000; 2016 AED 104,500; 2017 AED 95,000; 2018 AED 80,000; 2019 AED 70,000; 2020 AED 60,000; 2021 AED 53,000; 2022 AED 65,000; 2023 AED 90,000; 2024 AED 102,850; 2025 AED 104,500; 2026 AED 100,930New contract, November 2024: AED 125,000 a year

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 R1707 sits

All 51 2-beds →

R1707 last sold in July 2013 at AED 898 per sqft, 18% below what two-beds in Ontario Tower were fetching at the time (AED 1,089). 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. R1707's AED 125,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Oct 20261,100,000
18 Sep 20261,258,372
18 Sep 20261,200,000
18 Sep 20261,184,000
12 2-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 17th floor

All 175 units in Ontario Tower
Value
R1701StudioAED 550K · Jul 2013
R17022-bedAED 1.32M · Sep 2025
R17031-bedAED 650K · Dec 2022
R17041-bedAED 650K · Dec 2022
R17051-bedAED 1.05M · Jan 2014
R17061-bedAED 1.1M · Jul 2013

R1707, Ontario Tower in numbers

  • Sold once: by Rose Homes Investment on 9 July 2013 for AED 881,887, or AED 898 per sqft.
  • Rented since November 2024 on one Ejari contract, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2013 price is 14.2%, 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 29 November 2024.

Questions about R1707, Ontario Tower

What did unit R1707 last sell for?

AED 881,887 on 9 July 2013, sold by the developer: AED 898 per sqft for 982 sqft. It is the only registered sale of the unit.

What is the rent for unit R1707?

AED 125,000 a year on the contract signed on 29 November 2024.

How big is unit R1707?

982 sqft (91.2 sqm): a two-bedroom apartment on the 17th floor of a 25-storey tower completed in 2010.

What is unit R1707 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 R1707, Ontario Tower

Starts from the last sale price (AED 882K, 9 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 881,887
Deposit, UAE resident (20%)
AED 176,377
Deposit, non-resident (40%)
AED 352,755
Monthly over 25 years at 3.7%
AED 3,608

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