R2005, Ontario Tower
Sold prices and rental history: sold 3 times, last in March 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R2005, Ontario Tower
What is R2005 worth today?
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Source: Dubai Land Department. Updated 6 March 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 802 sqft
- Floor
- 20th of 25
- Parking
- B1-148
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 765K · March 2023
- Building
- Ontario Tower
About R2005, Ontario Tower
R2005 is a one-bedroom apartment of 802 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 6 March 2023 for AED 765,000, or AED 953 per sqft, 16% above the AED 822 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 20 January 2021, is AED 40,000 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 14,300 a year.
Sales and rents for R2005 over time
R2005 has sold 3 times; 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 R2005 sits
All 100 1-beds →R2005 last sold in March 2023 at AED 953 per sqft, 16% above what one-beds in Ontario Tower were fetching at the time (AED 822). 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. R2005's AED 40,000 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 20th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R2001 | Studio | 402 sqft | AED 390KAED 390,000 · Jul 2020July 2020 | 59,362 /yr | |
| R2002 | 2-bed | 982 sqft | AED 850KAED 850,000 · Nov 2019November 2019 | 117,500 /yr | |
| R2003 | 1-bed | 803 sqft | AED 900KAED 900,000 · Sep 2024September 2024 | 80,000 /yr | |
| R2004 | 1-bed | 802 sqft | AED 1.01MAED 1,012,692 · Jun 2026June 2026 | 63,000 /yr | |
| R2006 | 1-bed | 791 sqft | AED 800KAED 800,000 · Sep 2024September 2024 | 73,500 /yr | |
| R2007 | 2-bed | 982 sqft | AED 1.52MAED 1,519,924 · Feb 2026February 2026 | 92,250 /yr |
R2005, Ontario Tower in numbers
- Sold 3 times: first on 21 December 2006 for AED 929,214, last on 6 March 2023 for AED 765,000 (AED 953 per sqft).
- Rented since August 2012 on 8 Ejari contracts, from AED 41,884 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2023 price is 5.2%, 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 6 March 2023.
Questions about R2005, Ontario Tower
What did unit R2005 last sell for?
AED 765,000 on 6 March 2023: AED 953 per sqft for 802 sqft. The unit has 3 registered sales; the first was AED 929,214 in December 2006.
What is the rent for unit R2005?
AED 40,000 a year on the contract signed on 20 January 2021. The previous contract, from February 2020, was AED 50,000; the unit has been rented since August 2012.
How big is unit R2005?
802 sqft (74.5 sqm): a one-bedroom apartment on the 20th floor of a 25-storey tower completed in 2010.
What is unit R2005 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 R2005, Ontario Tower
Starts from the last sale price (AED 765K, 6 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 765,000
- Deposit, UAE resident (20%)
- AED 153,000
- Deposit, non-resident (40%)
- AED 306,000
- Monthly over 25 years at 3.7%
- AED 3,130
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →