R1902, Ontario Tower
Sold prices and rental history: sold twice, last in November 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1902, Ontario Tower
What is R1902 worth today?
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Source: Dubai Land Department. Updated 5 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 982 sqft
- Floor
- 19th of 25
- Parking
- B1-145
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 17,500 /yr
- Last sold
- AED 1.07M · November 2014
- Building
- Ontario Tower
About R1902, Ontario Tower
R1902 is a two-bedroom apartment of 982 sqft on the 19th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 16 November 2014 for AED 1,070,024, or AED 1,089 per sqft, 26% below the AED 1,476 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 5 June 2024, is AED 135,000 a year: a gross yield of 12.6% on the 2014 price, before the service charge of about AED 17,500 a year.
Sales and rents for R1902 over time
R1902 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 R1902 sits
All 51 2-beds →R1902 last sold in November 2014 at AED 1,089 per sqft, 26% below what two-beds in Ontario Tower were fetching at the time (AED 1,476). 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. R1902's AED 135,000 is in the upper 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 19th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1901 | Studio | 402 sqft | AED 590KAED 590,000 · Aug 2013August 2013 | 45,000 /yr | |
| R1903 | 1-bed | 803 sqft | AED 770KAED 770,000 · Jul 2023July 2023 | 88,000 /yr | |
| R1904 | 1-bed | 802 sqft | AED 860KAED 860,000 · May 2024May 2024 | 83,000 /yr | |
| R1905 | 1-bed | 802 sqft | AED 831KAED 831,402 · Jun 2012June 2012 | 70,000 /yr | |
| R1906 | 1-bed | 791 sqft | AED 828KAED 828,418 · Aug 2009August 2009 | 85,000 /yr | |
| R1907 | 2-bed | 982 sqft | AED 1.2MAED 1,200,000 · Oct 2025October 2025 | 90,000 /yr |
R1902, Ontario Tower in numbers
- Sold twice: first on 6 August 2009 for AED 1,070,024, last on 16 November 2014 for AED 1,070,024 (AED 1,089 per sqft).
- Rented since September 2016 on 8 Ejari contracts. The rent fell from AED 100,000 to AED 50,000 in 2021 and recovered to AED 135,000 by June 2024.
- At AED 135,000 a year the gross yield on the 2014 price is 12.6%, 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 5 June 2024.
Questions about R1902, Ontario Tower
What did unit R1902 last sell for?
AED 1,070,024 on 16 November 2014: AED 1,089 per sqft for 982 sqft. The unit has 2 registered sales; the first was AED 1,070,024 in August 2009.
What is the rent for unit R1902?
AED 135,000 a year on the contract signed on 5 June 2024. The previous contract, from July 2023, was AED 130,000; the unit has been rented since September 2016.
How big is unit R1902?
982 sqft (91.2 sqm): a two-bedroom apartment on the 19th floor of a 25-storey tower completed in 2010.
What is unit R1902 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 R1902, Ontario Tower
Starts from the last sale price (AED 1.07M, 16 November 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,070,024
- Deposit, UAE resident (20%)
- AED 214,005
- Deposit, non-resident (40%)
- AED 428,010
- Monthly over 25 years at 3.7%
- AED 4,378
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →