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2-bed · 982 sqftOntario Tower, Business Bay · 20th floor · completed 2010

R2002, Ontario Tower

Sold prices and rental history: sold twice, last in November 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit R2002 · DLD and Ejari recordsUpdated 26 February 2024
Last soldAED 850K21 November 2019
Current rentAED 118K /yr26 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for R2002, Ontario Tower

What is R2002 worth today?

Last sold for AED 850,000 in 2019

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26 Feb 2024RentedNew contract
AED 117,500/yr12 months · AED 120 per sqft
21 Nov 2019SoldReady
AED 850,000AED 865 per sqft
15 Nov 2017RentedRenewal
AED 95,000/yr12 months · AED 97 per sqft
15 Nov 2016RentedNew contract
AED 110,000/yr12 months · AED 112 per sqft
1 Nov 2015RentedNew contract
AED 115,000/yr12 months · AED 117 per sqft
15 Sep 2014RentedNew contract
AED 90,000/yr12 months · AED 92 per sqft
26 Apr 2011Sold by developerReady
AED 1,352,228AED 1,377 per sqft

Source: Dubai Land Department. Updated 26 February 2024.

Key facts

Type
2-bed apartment
Size
982 sqft
Floor
20th of 25
Parking
B1-141
Developer
Rose Homes Investment
Completed
2010
Service charge
AED 17,500 /yr
Last sold
AED 850K · November 2019
Building
Ontario Tower

About R2002, Ontario Tower

R2002 is a two-bedroom apartment of 982 sqft on the 20th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 21 November 2019 for AED 850,000, or AED 865 per sqft, in line with the AED 891 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 26 February 2024, is AED 117,500 a year: a gross yield of 13.8% on the 2019 price, before the service charge of about AED 17,500 a year.

Sales and rents for R2002 over time

Sales
Unit R2002, 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, April 2011: AED 1,352,228 (AED 1,377 per sqft)Sold, November 2019: AED 850,000 (AED 865 per sqft)

R2002 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit R2002, 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, September 2014: AED 90,000 a yearNew contract, November 2015: AED 115,000 a yearNew contract, November 2016: AED 110,000 a yearRenewal, November 2017: AED 95,000 a yearNew contract, February 2024: AED 117,500 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 R2002 sits

All 51 2-beds →

R2002 last sold in November 2019 at AED 865 per sqft, in line with what two-beds in Ontario Tower were fetching at the time (AED 891). 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. R2002's AED 117,500 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 20th floor

All 175 units in Ontario Tower
Value
R2001StudioAED 390K · Jul 2020
R20031-bedAED 900K · Sep 2024
R20041-bedAED 1.01M · Jun 2026
R20051-bedAED 765K · Mar 2023
R20061-bedAED 800K · Sep 2024
R20072-bedAED 1.52M · Feb 2026

R2002, Ontario Tower in numbers

  • Sold twice: first on 26 April 2011 for AED 1,352,228, last on 21 November 2019 for AED 850,000 (AED 865 per sqft).
  • Rented since September 2014 on 5 Ejari contracts, from AED 90,000 to AED 117,500 a year.
  • At AED 117,500 a year the gross yield on the 2019 price is 13.8%, 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 26 February 2024.

Questions about R2002, Ontario Tower

What did unit R2002 last sell for?

AED 850,000 on 21 November 2019: AED 865 per sqft for 982 sqft. The unit has 2 registered sales; the first was AED 1,352,228 in April 2011.

What is the rent for unit R2002?

AED 117,500 a year on the contract signed on 26 February 2024. The previous contract, from November 2017, was AED 95,000; the unit has been rented since September 2014.

How big is unit R2002?

982 sqft (91.2 sqm): a two-bedroom apartment on the 20th floor of a 25-storey tower completed in 2010.

What is unit R2002 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 R2002, Ontario Tower

Starts from the last sale price (AED 850K, 21 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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