R2204, Ontario Tower
Sold prices and rental history: sold 3 times, last in September 2024, 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 R2204, Ontario Tower
What is R2204 worth today?
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Source: Dubai Land Department. Updated 11 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 802 sqft
- Floor
- 22nd of 25
- Parking
- B1-158
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 850K · September 2024
- Building
- Ontario Tower
About R2204, Ontario Tower
R2204 is a one-bedroom apartment of 802 sqft on the 22nd floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 11 September 2024 for AED 850,000, or AED 1,059 per sqft, in line with the AED 1,044 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 25 October 2023, is AED 70,000 a year: a gross yield of 8.2% on the 2024 price, before the service charge of about AED 14,300 a year.
Sales and rents for R2204 over time
R2204 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 R2204 sits
All 100 1-beds →R2204 last sold in September 2024 at AED 1,059 per sqft, in line with what one-beds in Ontario Tower were fetching at the time (AED 1,044). 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. R2204's AED 70,000 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 22nd floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R2201 | Studio | 402 sqft | AED 650KAED 650,000 · Nov 2013November 2013 | 47,000 /yr | |
| R2202 | 2-bed | 982 sqft | AED 1.38MAED 1,380,000 · Dec 2013December 2013 | 85,000 /yr | |
| R2203 | 1-bed | 803 sqft | AED 840KAED 840,000 · Dec 2024December 2024 | 75,000 /yr | |
| R2205 | 1-bed | 802 sqft | AED 1.2MAED 1,200,000 · Mar 2014March 2014 | 69,370 /yr | |
| R2206 | 1-bed | 791 sqft | AED 860KAED 860,000 · Jun 2024June 2024 | 125,000 /yr | |
| R2207 | 2-bed | 982 sqft | AED 1.2MAED 1,203,972 · Aug 2026August 2026 | 91,140 /yr |
R2204, Ontario Tower in numbers
- Sold 3 times: first on 30 June 2013 for AED 1,124,838, last on 11 September 2024 for AED 850,000 (AED 1,059 per sqft).
- Rented since July 2017 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 40,000 in 2021 and recovered to AED 70,000 by October 2023.
- At AED 70,000 a year the gross yield on the 2024 price is 8.2%, 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 11 September 2024.
Questions about R2204, Ontario Tower
What did unit R2204 last sell for?
AED 850,000 on 11 September 2024: AED 1,059 per sqft for 802 sqft. The unit has 3 registered sales; the first was AED 1,124,838 in June 2013.
What is the rent for unit R2204?
AED 70,000 a year on the contract signed on 25 October 2023. The previous contract, from September 2022, was AED 55,000; the unit has been rented since July 2017.
How big is unit R2204?
802 sqft (74.5 sqm): a one-bedroom apartment on the 22nd floor of a 25-storey tower completed in 2010.
What is unit R2204 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 R2204, Ontario Tower
Starts from the last sale price (AED 850K, 11 September 2024). 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 →